Dow Jones Forex Focus
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08/07/2008
Investor Confidence in Yen Likely To Erode. By Nicholas Hastings.LONDON (Dow Jones)--Investor confidence in the yen looks like it will continue to erode, helping the dollar to push up to Y110.Back in mid-March, the dollar had fallen all the way to Y95.77, a 12-year low, as the Japan economy showed signs of immunity to the global credit crunch and provided a safe haven for risk averse investors.
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26/06/2008
Core Currencies Could Be Back In Favor Again. By Nicholas Hastings.LONDON (Dow Jones)--Core currencies could well prove the winners as the dilemma over how to deal with rising inflation rates and slowing growth spreads around the globe.Until now, the problem of stagflation appeared to one largely for the major economies - with the U.S. Federal Reserve, the Bank of England and the European Central Bank uncertain over whether or not to start hiking interest rates.
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24/06/2008
Euro Could Be Poised For Fresh Surge. By Nicholas Hastings.LONDON (Dow Jones)--The euro may be poised to head back towards its record highs against the dollar.With interest rate spreads expected to move in the euro's favor and the single currency showing a certain level of resilience to slackening euro-zone data, a move toward the psychologically significant $1.60 level could be within the euro's grasp.
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23/06/2008
Sterling's Luck Set To Run Out Soon. By Nicholas Hastings.LONDON (Dow Jones)--Sterling may have ended last week on a high note but this is hardly likely to last.Sure, a combination of higher inflation figures and an extraordinary rise in retail sales will make the market more wary of the hawks gaining an upper had at the Bank of England.
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04/06/2008
Euro Could Still Stage A Birthday Rally. By Nicholas Hastings.LONDON (Dow Jones)--The euro may well celebrate its 10th birthday this week with a fresh rally, despite U.S. Federal Reserve Chairman Ben Bernanke's surprise outburst about the dollar.
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14/04/2008
Euro Fans Risking Fatigue. By Nicholas Hastings.LONDON (Dow Jones)--It's tough to love the dollar at the moment.As the U.S. Federal Reserve hacks away at U.S. interest rates and key data continue to disappoint, while other major central banks hold steady or cut rates slowly but surely, there's still a decent fundamental case for flogging the buck.
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04/04/2008
Euro Suffers A Data Drag. By Nicholas Hastings.LONDON (Dow Jones)--It's not just the cautiously resurgent dollar that's dragging the euro lower. Instead, it appears that traders and investors are getting increasingly nervous about the euro-zone economy. And with good reason.
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03/04/2008
Yen Slide Could Stretch Further. By Nicholas Hastings.LONDON (Dow Jones)--Maybe there's more to this new slide in the yen than meets the eye. Buoyed by decent data and arguably also by weakening commodities prices, the dollar popped decisively above Y100 at the start of this week, and even as it has lurched higher and lower against other currencies, it has largely held its strength against the yen.
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02/04/2008
Concerns Over Aussie Dollar Start Building. By Nicholas Hastings.LONDON (Dow Jones)--The Australian dollar is looking decidedly shaky. Tumbling commodity prices, frayed nerves over risk and a shift in monetary policy are all offering good reasons to sell the currency, potentially breaking its relative resilience over recent months.
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01/04/2008
The Risk Of Being April's Fool. By Nicholas Hastings.LONDON (Dow Jones)-- Risk, or rather the aversion to it, kept the dollar in a fairly tight range against its peers in the closing days of the first quarter. However, as a new quarter begins the question to be answered is, who will be April's fools, dollar bulls or dollar bears.
