FX Update - Not much since the morning NFP excitement
First Published Saturday, 11 July 2009 from Need to Know News
This morning was chalk full of excitement with the much better-than-expected NFP print. The Greenback initially was sold - before reversing fully. EUR/USD moved below figure 1.40 while CABLE was sent down to below 1.60. USD/JPY was moved higher as well, to above figure 98.
All these moves are causing traders to wonder if this is the beginning of a shift in market sentiment - toward looking at positive economic news in the US as just that, with the expectation that the first-in, first-out will cause US rates to move higher before anywhere else. Only time will tell.
- Preview: February PPI
...continued
- BOE's Bean...best way to balance competing needs is by "retaining clarity of present remit"
BOE's Bean...best way to balance competing needs is by "retaining clarity of present remit"...continued
- BOE's Bean....'no regulatory regime is perfect'...
...continued
- BOE's Bean on inflation downward/upward pressures..saying MPC ready to react to risks if they arise..by resuming asset buying or tightening policy
...continued
- BOE's Bean notes there is an overburden on monetary policy if it is expected to achieve price stability and financial stability at the same time....
Given those 2 objectives..."one needs 2 independent means of achieving them" arguing that "prudential regulation, supervision should be the first line of defense against financial market excesses"....continued
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