The dollar ended the week higher against most major currencies as risk aversion pressured risky assets. European Central Bank President Jean-Claude Trichet stated that the ECB will withdraw emergency cash gradually and tighten the standards under which it accepts newly

There have been very few newsworthy events in today's session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with

The USD continued to rally into the weekend supported by deleveraging as investors are reducing risk exposure in reaction to a drop in equity and commodity markets. Weaker than expected earnings at Dell, coupled with a statement from ECB President

The dollar held on to its gains against the euro and other higher-yielding currencies Friday morning as revived concerns about how fast the global economy will rebound prompted investors to shun riskier assets. Declines in stocks, gold and oil that

European Trade: European shares moved lower in trade on Friday trade, following the Asian equity market that closed in the red. S&P futures moved side-ways throughout the overnight trading hours, but dropped eight points as the news that the ECB

Apart from giving the euro a slap in the face Jean Claude Trichet's remarks about wrapping up the cheap loans awarded to the European banking system a year ago tempered the recent rally in European interest rate futures this morning.

The main attention over the past few weeks has been on the US economy and dollar. There has been a tentative shift in sentiment over the past few days and there is a strong probability that the Euro-zone will be

The move in risk aversion in the European session provided a big boost to the greenback, and EURUSD is pounding on the local support just above 1.4800 as we write this, and AUDUSD has collapsed through support and triggered a

I noticed a Reuter's poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency - yuan- was against the US dollar. The average guesstimate was about 20%. That's about 20% lower

The USD is trading higher supported by deleveraging, investors are reducing risk exposure as equity and commodity markets trade lower, a statement from ECB President Trichet that it is too early to declare the financial crisis over, concern about rising

Today, as the end of the week is here we see that ECB President Jean-Claude Trichet once again states that the central bank is going to exit the stimulus programs gradually before it triggers inflation on the long run, and

The ECB's omnipresent desire to avoid the pitfalls of inflation caused by excessive money growth caused its president, Jean Claude Trichet to serve up a warning earlier this morning that it must pursue an exit strategy. His words, while not

The U.S. economy lacks economic fundamentals today, however, we still should expect a hectic day for stock markets, as Dell Inc reported earnings that failed to meet expectations and accordingly stock future indexes dropped ahead of the U.S. session, meanwhile,

As expected, the Bank of Japan (BoJ) today left its target for the uncollateralised overnight call rate unchanged at 0.1% in a unanimous decision. However, BoJ again upgraded its view of the economy markedly. The main message from today's statement

Currencies: The EUR/USD price action was largely subdued in the dearth of data during the European morning. Dealers were also focusing on the expiration of the 'double No-touch' binary option at the NY cut. More comments seemed to focus on

EUR/USD has been under pressure in European hours; the USD finding support despite the modest upward push in European equity indices. Risk appetite has been unsettled by yesterday’s news from Brazil that if would further tighten restrictions to stop short-term

The consolidation of the USD and moderation in risk appetite continues today as a barren data schedule provides little impetus for a break out in major currency pair ranges. Today's docket is solely occupied with policy maker speeches, but even

Risk appetite stayed weak in the Asian session, after Wall Street closed lower but, overall, most of the trading in currencies and commodities was well in their ranges. The EURUSD traded between 1.4880 and 1.4940, while spot Gold traded between

Earlier this week, Asian & European markets showed another failure to respond to Mondays 1.4% gains in US equity indices (Dow & S&P), further highlighting the unsustainability of the gains in indices, which had become increasingly dollar-driven (caused by prolonged

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