Archive for July 30th, 2010

Fed Comments Cause a Disproportional Stir in USD

Friday, July 30th, 2010 at 7:18 pm  
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FX markets continue with their choppy, noncommittal trading pattern. But as investors concerns ease and EU spreads tighten significantly, markets are leaning towards selling USD (interestingly not case with other safe-have FX trades like JPY and CHF) and buying of risky assets. But given that summer trading pattern is in full effect, we are seeing a variety of…

USDJPY hits new 2010 low

Friday, July 30th, 2010 at 9:16 am  
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G10 Advancers and Decliners vs USD
JPY 0.40
GBP -0.01
EUR -0.04
CHF -0.15
Asian equity markets have opened in the red this morning, this of course following the US equities’ highly volatile and lower closing yesterday (the Dow closed -0.30% lower, after touching an intraday low of 10387). The Nikkei was trading -1.64% lower on a combo of weaker data emerging from Japan earlier in the morning. Data showed that the Japanese jobless rate was a tick higher than…