FXF

Weekly Report: what happened at FXF last week (0408-0412)?

Where We Stand

Dollar Consolidates But Adjustment Is Not Over

Higher than expected US CPI for the third consecutive month drove US interest rates sharply higher and lifted the greenback broadly. The market appears to be catching its breath today, but the shallow consolidation suggests the moves are not over. The dollar has reached nearly JPY153.30. Gold fell by about $18.75 an ounce yesterday, its largest loss in about a month.

U.S. CPI, New Security Initiatives With Tokyo And Manila, Bank Of Canada Meeting

The dollar has been confined to narrow ranges ahead of the US CPI report. The Reserve Bank of New Zealand signaled that it was in no hurry to cut rates. The New Zealand dollar is leading the G10 currencies higher. The Hang Seng and the mainland companies in Asia are leading the region. Gold is consolidating in about $2345-$2360.

Dollar Consolidates Softer Ahead Of Tomorrow's CPI

Dollar Consolidates Softer Ahead Of Tomorrow's CPI Apr. 09. The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. Most of the large Asia Pacific equity markets rallied. The March CPI and PPI are due first thing tomorrow. Gold hits a new record of $2365.35.

Will The Market Push The Dollar Above JPY152 As Japanese Prime Minister Heads To The U.S.?

Weekly Report: what happened at FXF last week (0401-0405)?

U.S. Employment Data To Set Dollar's Course

Asia Pacific equities tumbled, led by more than 1% losses in Japan and South Korea. The 10-year Treasury yield is up a couple of basis points to 4.33%. The focus is squarely on the US employment report. In February, household spending fell by 0.2% year-over-year in Japan.