The USD was back in focus as more Fed members hit the wires ahead of tomorrow’s FOMC meeting minutes and Fed Chief Ben Bernanke’s testimony. Overnight we heard from Fed members Mr Bullard and Mr Dudley. Mr Bullard was quite dovish, highlighting that low inflation makes it hard to make a case for ta...

Ahead of tomorrow’s important speech from US Federal Reserve chairman Ben Bernanke, EUR/USD is a touch lower. Speculation around the City at the tail-end of last week revolved around the Fed beginning to reduce its quantitative easing measures. Tomorrow Ben Bernanke is unlikely to announce that the...

The US dollar lost some steam as investors continue the QE repricing cycle on the back of some mixed comments by various Fed members.  The fall in the USD was mostly blamed on stimulus uncertainty after Chicago Fed President Evans was on the wires with a fairly dovish statement. Mr Evans said ...

The euro is higher versus the US dollar today as dealers close out their short positions. The euro is trading at $1.2863 today, up 0.2%, as traders are buying back into the currency in order to lock in their profits on short trades. The euro has come down 3% versus the dollar since the beginning of...

Strength in the greenback was triggered by a better-than-expected consumer confidence reading, which showed the strongest print since July 2007.  The move higher in the USD weighed on the risk FX space, as EUR/USD lost ground. The pair dipped just below $1.28 on Friday, but has since managed t...

The euro is trading lower versus the US dollar following reports the US will cut back on quantitative easing (QE). The euro is trading at $1.2875, down a touch on the day after John Williams of the Federal Reserve Bank of San Francisco stated that the Fed will reduce the size of its stimulus packag...

It was a confusing night for the greenback, as US economic data disappointed and led to a USD sell-off.  Unemployment claims, CPI, housing starts and the Philly Fed manufacturing index all came in worse than expected. However, this was short lived as another Fed member came out and suggested i...

After this morning’s EU consumer price index (CPI) figures, currency traders will be waiting to see how the US CPI figures come in. The EUR/USD currency cross looks set to retest the end of March lows of $1.2750, after a brief sojourn up to the $1.32 region. The overriding sentiment is that the US ...

There were some mixed moves in the currency space overnight, but overall the US dollar managed to maintain its gains against the majors.  It continued to edge higher, despite data suggesting the US economy isn’t quite where the Fed would want it to be before starting to taper off on asset purc...