FX Alerts

Aussie lower on budget headlines

A reality check for Australia today as budget numbers are revised. Previously the government were predicting a budget surplus for this year, but the continued strength of the Aussie, together with the reversal in commodity prices have reminded the Australian government that nothing lasts forever and it's dangerous to ever assume so. Still, all things are relative and the budget and growth situation in Australia is a far cry from what we are seeing in most other major economies and a world away from the eurozone periphery.
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14/05/2013 @ 10:14 GMT

Cable slipping into close

After a relatively subdued session, cable is falling into the European close, having broke through the 1.53 level to trade us back to levels last seen in the wake of the stronger than expected GDP data released towards the end of last month. No specific factors behind the move beyond order being triggered in a light start of the week session.
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13/05/2013 @ 15:55 GMT

Stronger US sales lift dollar

EURUSD down 20 pips to 1.2950 after stronger US retail sales, rising 0.1%, vs. expectations for 0.3% fall. USDJPY at 102.00, AUDUSD 0.9957.
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13/05/2013 @ 12:34 GMT

Green light for the yen

The stance of G7 leaders on the yen and currencies in general remained unchanged at their meeting over the weekend. As such, the yen touched above the 102 level on USDJPY in Asia trade before pulling back to 102.60. Whilst there may be bigger concerns from Japan's major Asian trading partners (such a South Korea), G7 leaders appear content with the weaker yen, so long as policies do not specifically target exchanges rates.
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13/05/2013 @ 07:06 GMT

UK policy unchanged, along with sterling

GBPUSD little changed as Bank of England keeps asset purchases and rates unchanged, as expected. GBPUSD at 1.5580 and EURGBP 0.84390. Recent data has been a little better than expected, undermining the arguments of the 3 members that have voted for more quantitative easing in the February to April meetings. We have to wait for the minutes later this month to see if they changed their vote.
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09/05/2013 @ 11:05 GMT

GBP higher on production data

GBPUSD up 30 pips to 1.55.85 after stronger production data, up 0.7% MoM, expected 0.2%. EURGBP 0.8450. Waiting for BoE decision at 11:00 GMT. No change seen.
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09/05/2013 @ 08:36 GMT

AUD Employment Data

Australia April employment beats expectations by 50,100 vs 12,000 forecast AUD strengthens against USD moving 89 pips upward to session high of 1.02507
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09/05/2013 @ 02:22 GMT

NZD Jobs Data

NZDUSD moves upward after jobs data Jobless Rate fell 6.2% in Q1 beating the initial forecast of 6.8% NZDUSD trading up nearly 60 pips at 0.8456. AUDNZD currently trading at 1.2040
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08/05/2013 @ 23:01 GMT

EUR at session highs, EURJPY above 130

EURUSD at session highs just below 1.3140 after data showed German production rising 1.2% in March, market anticipating marginal decline. EURJPY back above 130.
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08/05/2013 @ 10:10 GMT

Down under moves

The main mover overnight was the kiwi, with comments by the central bank governor Wheeler suggesting that the RBNZ were becoming more concerned with the strength of the currency. We pointed out yesterday the fact that AUDNZD had been moving lower for the previous 7 weeks and this was likely to be cause for concern for the central bank. Back in February, Wheeler pointed out that the kiwi was not to be considered a one-way bet and whilst initially this did turn the currency around, it currently stands around 1% firmer vs. the levels prevailing at this time.
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08/05/2013 @ 07:34 GMT

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