Companies and governments in emerging markets borrow more cheaply in the dollar than in their currencies for the first time in two years
Emerging market dollar-issues soar
Source: www.ft.com
Read more...
German April trade weaker than expected
German April trade surplus s.a came in at 9.0 bln euros compared to 8.9 bln in March, below the market median of 9.4 bln. The current account surplus came in at 5.8 bln, some way below the median forecast of 10.0 bln euros. EUR/USD having rallied in early European trade has slipped back slightly,...
99.00 to prove magnetic in USD/JPY
There were said to be some big option barriers at this level last week and I’m not sure whether they are still active or not but I am hearing of large stops above 99.00. Not much in the way of decent support in USD/JPY until around 97.40. There are not a lot of reasons to be long JPY in the...
EURUSD’s uptrend extends to 1.2667
EURUSD’s uptrend from 1.2150 extends further to as high as 1.2667 level. As long as 1.2480 key support holds, uptrend is expected to...
Dukascopy Morning Forex Overview - Oct 16 2009
Previous session overview The yen weakened against the euro and dollar in Asia Friday as firm Asian equity markets and commodity prices prompted speculators to dump the safe-haven Japanese currency in favor of higher-risk units. The euro rose to JPY136.03 during the morning session, its highest...
USD/JPY Perks Up as the Dollar Appreciates Across the Board
By Fast Brokers - The USD/JPY continues its gradual ascent as it gives what it can to the broad appreciation of the...