Tag Archives: York

Euro in New York: The FOMC Minutes

The euro opened at 1.2653 n New York (8:30 am) having traversed a 1.2623-85 range in the Asian and European sessions. Yesterday’s 8 point fall in the US 10-year Treasury rate to 2.34% left the dollar vulnerable ahead of the 2:00 pm release of the FOMC minutes from the September 16-17 meeting. Recent soft-pedaling by several Fed

New York Summary–A Weak Euro Rally

The euro opened at 1.2954 in New York near the top of the 1.2922-1.2965 Tokyo/London range. Stronger German industrial production provided support but the majority of the recovery was due to profit taking on yesterday’s almost 2 percent decline against the dollar following the ECB policy announcements. U.S. non-farm payrolls for August at 8:30 am
eurmin1

Euro in New York: Yen to the Rescue

The euro began the New York session at 1.3346 having traded 1.3334 to 1.3372 in Tokyo and London. Weak German and Italian data kept the pressure on the euro for the bulk of the European market. German factory orders fell 3.2 % in June far below the 0.9 forecast and after dropping a revised 1.6%
eurminute1

Euro in New York: The Creep Lower

The euro opened in New York at 1.3385 (8:30 am), after Tokyo traded in a 10 point range, 1.3415-1.3425 and London managed 44, 1.3380 to 1.3424. Euro zone July services PMI were slightly weaker than expected (54.2 vs. 54.4) as were June retail sales (0.4% vs. 0.5%) but neither elicited a response from currency traders. 
Top