Forex Archive

  • More talk of Tillerson quitting Secretary of State Rex Tillerson is back in the press today with a feature story in the New York Times on the disarray at the State Department. They spoke to more than a dozen sources in the department.

    Tillerson, Trump and the disarray in the State Dept

    More talk of Tillerson quitting Secretary of State Rex Tillerson is back in the press today with a feature story in the New York Times on the disarray at the State Department. They spoke to more than a dozen sources in the department.
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  • More talk of Tillerson quitting Secretary of State Rex Tillerson is back in the press today with a feature story in the New York Times on the disarray at the State Department. They spoke to more than a dozen sources in the department.

    Tillerson, Trump and the disarray in the State Dept

    More talk of Tillerson quitting Secretary of State Rex Tillerson is back in the press today with a feature story in the New York Times on the disarray at the State Department. They spoke to more than a dozen sources in the department.
    Read More
  • USD/JPY touches 112.46 USD/JPY is back to the best levels since Thursday. On Friday, the pair fell after weak CPI data but talk of John Taylor as Fed chair lifted it yesterday and it's grabbed a renewed bid in the past 30 minutes as part of a broad US dollar climb.

    USD/JPY at the best levels of the day with industrial production up next

    USD/JPY touches 112.46 USD/JPY is back to the best levels since Thursday. On Friday, the pair fell after weak CPI data but talk of John Taylor as Fed chair lifted it yesterday and it's grabbed a renewed bid in the past 30 minutes as part of a broad US dollar climb.
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  • Industrial production data - Prior was -0.9% (revised to -0.7%) - Capacity utilization 76.0% vs 76.2% expected - Manufacturing production +0.1% vs +0.2% expected The Fed said hurricanes Irma and Harvey cut September production by 0.25 percentage points.

    September US industrial production +0.3% m/m vs +0.3% expected

    Industrial production data - Prior was -0.9% (revised to -0.7%) - Capacity utilization 76.0% vs 76.2% expected - Manufacturing production +0.1% vs +0.2% expected The Fed said hurricanes Irma and Harvey cut September production by 0.25 percentage points.
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  • Dollar Little Changed Following U.S. Import And Export Prices The Labor Department's Import and Export Prices for September have been issued at 8.30 am ET Tuesday. The greenback changed little against its major opponents after the data. The greenback was trading at 1.1760 against the euro, 1.3182 against the pound, 0.9786 against the franc and 112.31 against the yen as of 8:32 am ET.

    Dollar Little Changed Following U.S. Import And Export Prices

    Dollar Little Changed Following U.S. Import And Export Prices The Labor Department's Import and Export Prices for September have been issued at 8.30 am ET Tuesday. The greenback changed little against its major opponents after the data. The greenback was trading at 1.1760 against the euro, 1.3182 against the pound, 0.9786 against the franc and 112.31 against the yen as of 8:32 am ET.
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  • U.S. Import Prices Rise 0.7% In September U.S. import and export prices both increased by more than anticipated in the month of September, according to a report released by the Labor Department on Tuesday. The report said import prices climbed by 0.7 percent in September after rising by 0.6 percent in August. Economists had expected import prices to increase by 0.5 percent. The Labor Department also said export prices advanced by 0.8 percent in September after climbing by an upwardly revised 0.7 percent in August. Export prices had been expected to rise by 0.4 percent compared to the 0.6 percent increase originally reported for the previous month.

    U.S. Import Prices Rise 0.7% In September

    U.S. Import Prices Rise 0.7% In September U.S. import and export prices both increased by more than anticipated in the month of September, according to a report released by the Labor Department on Tuesday. The report said import prices climbed by 0.7 percent in September after rising by 0.6 percent in August. Economists had expected import prices to increase by 0.5 percent. The Labor Department also said export prices advanced by 0.8 percent in September after climbing by an upwardly revised 0.7 percent in August. Export prices had been expected to rise by 0.4 percent compared to the 0.6 percent increase originally reported for the previous month.
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  • BoE Chief: Monetary Policy Is Stimulative, Fiscal Policy Is Restrictive Bank of England Governor Mark Carney said the monetary policy is stimulative and fiscal policy is restrictive and UK faces variety of headwinds. "Inflation rising potentially above the 3 percent level in the coming months is something we have anticipated," he told lawmakers on Tuesday. Inflation rose to 3 percent in September from 2.9 percent in August. He said it is more likely than not that he will write open letter to Chancellor Philip Hammond, explaining why inflation exceeded the target by one percentage point. The BoE is set to publish its next Inflation Report with the MPC decision on November 2.

    BoE Chief: Monetary Policy Is Stimulative, Fiscal Policy Is Restrictive

    BoE Chief: Monetary Policy Is Stimulative, Fiscal Policy Is Restrictive Bank of England Governor Mark Carney said the monetary policy is stimulative and fiscal policy is restrictive and UK faces variety of headwinds. "Inflation rising potentially above the 3 percent level in the coming months is something we have anticipated," he told lawmakers on Tuesday. Inflation rose to 3 percent in September from 2.9 percent in August. He said it is more likely than not that he will write open letter to Chancellor Philip Hammond, explaining why inflation exceeded the target by one percentage point. The BoE is set to publish its next Inflation Report with the MPC decision on November 2.
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  • Pound Weakens After Carney's Warning Over No-deal Brexit The pound declined against its major rivals in the European session on Tuesday, erasing early gains, as the Bank of England Governor Mark Carney attributed the surge in inflation to the depreciation of sterling since the Brexit vote, while warning that a failure to reach a Brexit deal with the European Union would pose risks to the Europe and not the U.K. alone. "Inflation rising potentially above the 3 percent level in coming months is something that we have anticipated," Carney told the Treasury Select Committee. Carney highlighted the risk of derivative contracts becoming null and void without a Brexit deal and cited concerns over cross-border insurance, saying that a hard Brexit would hurt Europe more than the UK on these issues. New MPC members Dave Ramsden and Silvana Tenreyro expressed doubts over the possibility of an increase in interest rates in November, but Carney said a hike "may be appropriate." The ..

    Pound Weakens After Carney's Warning Over No-deal Brexit

    Pound Weakens After Carney's Warning Over No-deal Brexit The pound declined against its major rivals in the European session on Tuesday, erasing early gains, as the Bank of England Governor Mark Carney attributed the surge in inflation to the depreciation of sterling since the Brexit vote, while warning that a failure to reach a Brexit deal with the European Union would pose risks to the Europe and not the U.K. alone. "Inflation rising potentially above the 3 percent level in coming months is something that we have anticipated," Carney told the Treasury Select Committee. Carney highlighted the risk of derivative contracts becoming null and void without a Brexit deal and cited concerns over cross-border insurance, saying that a hard Brexit would hurt Europe more than the UK on these issues. New MPC members Dave Ramsden and Silvana Tenreyro expressed doubts over the possibility of an increase in interest rates in November, but Carney said a hike "may be appropriate." The ..
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  • UK Consumer Prices Rise Most Since 2012 British consumer prices increased at the fastest pace in more than five years in September, led by a weaker pound, adding to the likelihood of a rate hike as early as the next month. Driven by food and transport prices, inflation rose to 3 percent in September from 2.9 percent in August, data from the Office for National Statistics showed Tuesday. The rate came in line with economists' expectations. The figure was last higher in March 2012. Month-on-month, consumer prices gained 0.3 percent in September, as expected. Meanwhile, core inflation that excludes energy, food, alcoholic beverages and tobacco, held steady at 2.7 percent. Data showed that the consumer price index including owner occupiers' housing costs (CPIH) climbed 2.8 percent year-on-year in September versus 2.7 percent in August. ONS Head of Inflation Mike Prestwood said, "Food prices and a range of transport costs helped to push up inflation in September." ..

    UK Consumer Prices Rise Most Since 2012

    UK Consumer Prices Rise Most Since 2012 British consumer prices increased at the fastest pace in more than five years in September, led by a weaker pound, adding to the likelihood of a rate hike as early as the next month. Driven by food and transport prices, inflation rose to 3 percent in September from 2.9 percent in August, data from the Office for National Statistics showed Tuesday. The rate came in line with economists' expectations. The figure was last higher in March 2012. Month-on-month, consumer prices gained 0.3 percent in September, as expected. Meanwhile, core inflation that excludes energy, food, alcoholic beverages and tobacco, held steady at 2.7 percent. Data showed that the consumer price index including owner occupiers' housing costs (CPIH) climbed 2.8 percent year-on-year in September versus 2.7 percent in August. ONS Head of Inflation Mike Prestwood said, "Food prices and a range of transport costs helped to push up inflation in September." ..
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  • Dollar Mixed Ahead Of U.S. Import And Export Prices The Labor Department's Import and Export Prices for September will be released at 8.30 am ET Tuesday. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose against the pound and the franc and the euro, it fell against the yen. The greenback was worth 1.1760 against the euro, 1.3186 against the pound, 0.9783 against the franc and 112.21 against the yen as of 8:25 am ET.

    Dollar Mixed Ahead Of U.S. Import And Export Prices

    Dollar Mixed Ahead Of U.S. Import And Export Prices The Labor Department's Import and Export Prices for September will be released at 8.30 am ET Tuesday. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose against the pound and the franc and the euro, it fell against the yen. The greenback was worth 1.1760 against the euro, 1.3186 against the pound, 0.9783 against the franc and 112.21 against the yen as of 8:25 am ET.
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