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<rss version='2.0'><channel><title>About FX News</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?tagid=FX+News</link><description>About FX News</description><pubDate>Tue, 07 Sep 2010 18:29:28 GMT</pubDate><lastBuildDate>Tue, 07 Sep 2010 18:29:28 GMT</lastBuildDate><item><title>FX Closing Note: Risk and oil rallies pushing USDCAD toward parity</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1121</link><description><![CDATA[USDCAD challenges parity as risk and energy prices continue to rally. Today we also have a look at the rest of the week's calendar highlights, starting with tonight's RBA decision.
]]></description><pubDate>Mon, 05 Apr 2010 21:22:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1121</guid></item><item><title>FX Update: RBA on tap with another hike?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1120</link><description><![CDATA[The US gets down to business after a long weekend. Weak G-3 currencies remain weak on strong risk appetite. Anything on the horizon that will take away the punch bowl?
]]></description><pubDate>Mon, 05 Apr 2010 14:17:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1120</guid></item><item><title>FX Update: US Non-farm payrolls below forecast, but still a positive report</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1119</link><description><![CDATA[US non-farm payroll data on Friday was a mild disappointment on the headline, coming in at +162k vs. +184k expected though there had been some market chatter of a number closer to +250k just prior to the release. But at least we registered the first monthly jobs growth since the end of 2007 and the previous month’s numbers were revised higher. Unemployment was unchanged at 9.7% but wages suffered a setback with average hourly earnings down 0.1% m/m. <br />
]]></description><pubDate>Mon, 05 Apr 2010 06:54:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1119</guid></item><item><title>US Employment report sturdier than we expected</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1117</link><description><![CDATA[The US labour market is firmly back is black with an increase in payrolls of 162,000 in March. 
]]></description><pubDate>Fri, 02 Apr 2010 17:48:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1117</guid></item><item><title>FX Closing Note: Risk crumples late in the US - are commodity currencies paying attention?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1113</link><description><![CDATA[A strange set of circumstance as we head into the weekend: commodity currencies and commodities resilient while risk is seeing a strong reversal in the US. The JPY has also come untethered from the bond market for the moment. What gives?
]]></description><pubDate>Thu, 01 Apr 2010 20:21:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1113</guid></item><item><title>FX Update: USD continues to underwhelm ahead of ISM</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1112</link><description><![CDATA[The greenback is struggling in places, though the rest of the G3 are even less impressive as the JPY fell to new lows almost across the board. A long Easter weekend lies ahead, but important event risks are coming on both Friday (US employment report) and Monday (large US treasury auction and ISM non-manufacturing). 
]]></description><pubDate>Thu, 01 Apr 2010 14:22:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1112</guid></item><item><title>FX Update: Is a EUR short-squeeze the first thing we will see in Q2?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1108</link><description><![CDATA[The dollar was generally weaker across the board overnight as month/quarter-end position adjustment induced some volatility. US data was also below forecasts adding to the dollar’s woes with the ADP employment change coming in at a negative rather than the +40k consensus estimate. This may question the bullish expectations for tomorrow’s non-farm payroll, though many note the ADP report does not include census hiring, nor seen any weather-effect. The Chicago PMI was also weaker, falling to 58.8 in March from 62.6 in February. <br />
]]></description><pubDate>Thu, 01 Apr 2010 07:14:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1108</guid></item><item><title>FX Closing Note: Which is right, Bunds or EURJPY?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1107</link><description><![CDATA[JPY crosses blast higher again as Tanknan and a new Japanese financial year await in Asia. Are JPY crosses fairly priced here?
]]></description><pubDate>Wed, 31 Mar 2010 20:56:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1107</guid></item><item><title>FX Update: US ADP Employment Shocks Risk</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1106</link><description><![CDATA[A negative US March ADP report looks interesting considering consensus expectations for a strong showing at this Friday's Change in Nonfarm Payrolls. Also - Euro is making a comeback attempt in places - will it succeed? 
]]></description><pubDate>Wed, 31 Mar 2010 14:09:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1106</guid></item><item><title>FX Update: AUD knocked off its perch following a weak set of data</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1103</link><description><![CDATA[The EUR gave back most of the gains made during the Asian session yesterday with pressure coming from worsening news out of Europe – Ireland’s “Bad Bank” indicating it will apply a discount of 47% vs. 30% initial estimate on blocks of bad loans, Greek bonds trading poorly with tepid demand for the 12-year auction, an IMF downgrade to German growth and a rumoured French ratings downgrade (subsequently denied with Fitch affirming the AAA rating
]]></description><pubDate>Wed, 31 Mar 2010 07:15:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1103</guid></item><item><title>FX Closing Note: End of Month/Quarter/JPY Year - here we come!</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1102</link><description><![CDATA[Interesting test of the FX market lies ahead with end of month/quarter and Japanese financial year on tap tomorrow, together with US data risks later this week and the Easter holiday over the weekend and potentially pivotal series of US treasury auctions next week.
]]></description><pubDate>Tue, 30 Mar 2010 21:06:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1102</guid></item><item><title>FX Update: The race to the bottom for G3 currencies</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1101</link><description><![CDATA[Commodity currencies are keeping the upper hand over the G3 weaklings on Chinese equity resurgence. Will the G3/commodity currency fault line continue to define this market?
]]></description><pubDate>Tue, 30 Mar 2010 13:57:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1101</guid></item><item><title>FX Update: A range-bound session yesterday after morning fireworks</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1099</link><description><![CDATA[After the excitement in early Asia yesterday, most currency pairs (and especially EURUSD) were mired in tight ranges overnight. Markets were less than impressed with the high price Greece had to pay for its 7-year issuance (310bp over benchmark mid-swap rate and more than 5 times the yield premium of comparable Spanish debt) but at least the EUR held mid-range. The pound struggled, but kept its head above water after S&amp;P maintained its negative outlook on the UK (though affirmed its AAA rating) while UK data was mixed (mortgage approvals softer but M4 money supply firmer). <br />
]]></description><pubDate>Tue, 30 Mar 2010 07:28:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1099</guid></item><item><title>FX Update: It&apos;s do or die time for the USD.</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1096</link><description><![CDATA[The USD rally that looked so promising last week is faltering ahead of an onslaught of big US economic data event risks. Will the USD fade or find new legs?
]]></description><pubDate>Mon, 29 Mar 2010 14:00:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1096</guid></item><item><title>FX Update: A week where the EUR’s near-term direction will be decided…</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1094</link><description><![CDATA[The USD was generally softer across the board in Friday’s session as the draft EU agreement on the Greek bailout, follow-up supportive comments from EU officials, S&amp;P’s affirmation of Portugal’s debt rating (in contrast to Fitch’s downgrade) and a firmer US Michigan confidence reading all conspired to promote better risk appetite. 
]]></description><pubDate>Mon, 29 Mar 2010 07:18:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1094</guid></item><item><title>FX Closing Note: EUR makes a statement to close the week</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1093</link><description><![CDATA[Euro closes strongly for the week - more to come next week?
]]></description><pubDate>Fri, 26 Mar 2010 19:56:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1093</guid></item><item><title>FX Update: EUR gets a little relief - more to come?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1091</link><description><![CDATA[The Euro Has surged across the board into today's session - a sign that the worst may be over for the single currency for the moment? And how does risk want to finish the week after a crazy reversal yesterday?
]]></description><pubDate>Fri, 26 Mar 2010 13:27:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1091</guid></item><item><title>IMF will take the leading role in a possible Greek bailout</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1089</link><description><![CDATA[New agreement btw Germany and rest of EU: combined IMF and EU aid to Greece would be allowed, if unanimous decision in E-Z countries.
]]></description><pubDate>Fri, 26 Mar 2010 07:21:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1089</guid></item><item><title>FX Update: The USD extends its gains as US yields edge higher</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1088</link><description><![CDATA[It took a while for markets to decide whether to extend the dollar’s current surge, but the bulls eventually won out. An early short squeeze was soon given back and the EUR came off to fresh lows into the close after ECB’s Trichet voiced his objection to the IMF getting involved in any Greek bailout plan. GBP attempted to rally on the back of what looked like a strong retail sales number but, given the suspect nature of this data series, this was soon rejected and we pushed below Asian lows.
]]></description><pubDate>Fri, 26 Mar 2010 06:41:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1088</guid></item><item><title>FX Closing Note: Trichet objects to IMF idea: EURUSD to new lows</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1087</link><description><![CDATA[Trichet lashes out again on announcement of Greek IMF deal. The EU tensions take EURUSD to a new low. But which currencies are at most risk if this move in risk aversion continues?
]]></description><pubDate>Thu, 25 Mar 2010 19:54:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1087</guid></item><item><title>FX Update: USD to stay on top?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1085</link><description><![CDATA[Today has seen a chunky consolidation in the greenback's huge rally from yesterday. Will the move higher in the greenback survive the week?
]]></description><pubDate>Thu, 25 Mar 2010 13:37:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1085</guid></item><item><title>FX Update: USDJPY powers higher on positive US/negative Japan developments</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1083</link><description><![CDATA[The main over-riding theme of yesterday’s session was one of USD strength with a few minor sideshows also playing a part in currency moves. The EUR’s slide, which had begun with a break of key support levels near 1.3440 late in the Asian session, accelerated as Fitch announced a downgrade of Portugal’s credit rating to AA- with a negative outlook. <br />
]]></description><pubDate>Thu, 25 Mar 2010 07:02:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1083</guid></item><item><title>FX Note: Is USDJPY set for a rally 100+?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1082</link><description><![CDATA[Huge move higher today in USDJPY - will it stretch even further in weeks to come?
]]></description><pubDate>Wed, 24 Mar 2010 18:03:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1082</guid></item><item><title>FX Update: All hail the mighty greenback.</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1081</link><description><![CDATA[The greenback takes a machete to the rest of the G-10 in today's trading, taking the dollar index to a new 10-month highs. USDJPY smashes higher through key barriers. Will the move hold?
]]></description><pubDate>Wed, 24 Mar 2010 13:19:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1081</guid></item><item><title>FX Update: EUR breaks lower on talk IMF to be involved in Greece bailout</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1077</link><description><![CDATA[Markets were broadly still range-bound yesterday, despite positive momentum in equity markets in Europe and the US. CHF proved to be the main mover of the day as EURCHF touched new lows below 1.43, despite SNB’s Hildebrand trotting out the familiar SNB line on countering excessive gains in the CHF. The EUR had a brief bounce as German press reported that France and Germany had agreed upon an IMF role in the Greek situation (but note conflicting story on Reuters reporting Merkel said no agreement on a bailout for Greece at the summit). However gains proved short-lived as markets focused more on the longer-term implications for the EU as a whole and the actual Euro-zone framework, and the uncertainty surrounding the announcement.
]]></description><pubDate>Wed, 24 Mar 2010 06:51:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1077</guid></item><item><title>FX Closing Note: Greece will turn to IMF, will EUR turn south?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1076</link><description><![CDATA[Market not impressed with suggestion that Germany and France will let Greece turn to the IMF for help. Meanwhile, the risk bulls have taken risk appetite to very interesting levels. Implications for FX? Read on...
]]></description><pubDate>Tue, 23 Mar 2010 19:51:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1076</guid></item></channel></rss>