DJ Forex Focus
Like a zombie that just can't be stopped, the yen will continue marching relentlessly higher.
1 comment The ingredients for another Aussie rally are all there. Australian growth remains robust and Australian interest rates will more than likely be hiked again soon.
0 comments Look for the Swiss franc's safe-haven status to start pushing the currency back up again soon.
1 comment Greece demonstrated last week that it can auction short-term debt with reasonable success and at a more modest yield than it would have to pay to access emergency backstops. The euro is back up at $1.30. Even Monday's downgrade to Irish debt by Moody's failed to have a lasting impact. Panic over.
0 comments The euro's rise won't be sustained. Sure, the single currency visited $1.30 for the first time in nearly three months.
0 comments Investors appear to have found a new place to hide--the pound. Like the yen and the Swiss franc before it, the U.K. currency is finding itself in favor despite concerns that the U.K economy may be slowing and that monetary tightening will have to be delayed.
1 comment Buying the euro at current levels is only for the brave. If European bank stress tests don't knock the single currency back then a fall in global risk sentiment will.
0 comments Ripping the safe-haven mantle off the yen isn't easy. In fact, it looks as if the Japanese currency will hang on to its haven status for a little while yet.
0 comments Call time on sterling's post-election rally. As feared by many, the U.K. recession last year has proved deeper than expected and the country's economic recovery this year is proving even more fragile than thought.
0 comments The euro may well levitate against the dollar longer than expected. Not only did European Central Bank President Jean-Claude Trichet manage to inject some more confidence in the single currency late last week but fears over a double-dip recession in the U.S. continue to linger.
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