The US dollar falls to its lowest levels since January against all majors

RTFX-Trading · 11-05-09, 11:37 AM

The US dollar falls to its lowest levels since January against all majors

What?s new ?
US: Employers cut 539'000 jobs in April; unemployment soars to 8.9%,
China: Prices fall 1.5%, deflation in 3rd month
China: 1st case of swine flu, the government is taking measures.

Today:
08h45 France: Industrial production M/M (MAR), exp -0.50%, previous -0.50%.
14h30 Canada: New house prices (MAR), exp -0.50%, previous -0.70%.
16h00 US: Employment trends (APR), previous 90.1.
23h30 US: FED president Bernanke speaks on state of US economy

Overnight Rates & Indices:
EURUSD: 1.3667 ? 1.3616.
USDCHF: 1.1073 ? 1.1021.
GBPUSD: 1.5246 ? 1.5191.
EURJPY: 134.83 ? 133.97.
USDJPY: 98.83 ? 98.17.
DowJones: 8'575 +1.96%.
NASDAQ: 1?394 +0.31%.
S&P 500: 929 +2.41%.
Nikkei: 9?451 +0.20%.
Gold: $916.60

Comments:

The U.S. dollar falls to its lowest levels since January against other major currencies. With better than expected US job figures, positive market reaction to measures taken by the European Central Bank and the Stress test report in line with expectations, investors seem more confident. The "carry trades" are the big winners as the Australian and New Zealand Dollar made huge gains.

The coming week should indicate more clearly whether the recent signs of stabilization in the U.S. economy are confirmed by the quarterly results of major industrial distributors. The market will also follow a series of economic indicators to see if the recession is losing its intensity: retail sales, business inventories, weekly claims, the producer price index and consumer price index are expected throughout the week. If the figures confirm an economic stabilization of the economy, the dollar should continue to weaken, while the "carry trades" should continue to appreciate.

Good Day

Emman Xuereb
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com

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finvik · 12-05-09, 08:56 AM

Thanx for the info.

11-05-09, 11:37 AM	#1
RTFX-Trading Junior Member Join Date: 17th April 2009 Posts: 30	The US dollar falls to its lowest levels since January against all majors The US dollar falls to its lowest levels since January against all majors What?s new ? US: Employers cut 539'000 jobs in April; unemployment soars to 8.9%, China: Prices fall 1.5%, deflation in 3rd month China: 1st case of swine flu, the government is taking measures. Today: 08h45 France: Industrial production M/M (MAR), exp -0.50%, previous -0.50%. 14h30 Canada: New house prices (MAR), exp -0.50%, previous -0.70%. 16h00 US: Employment trends (APR), previous 90.1. 23h30 US: FED president Bernanke speaks on state of US economy Overnight Rates & Indices: EURUSD: 1.3667 ? 1.3616. USDCHF: 1.1073 ? 1.1021. GBPUSD: 1.5246 ? 1.5191. EURJPY: 134.83 ? 133.97. USDJPY: 98.83 ? 98.17. DowJones: 8'575 +1.96%. NASDAQ: 1?394 +0.31%. S&P 500: 929 +2.41%. Nikkei: 9?451 +0.20%. Gold: $916.60 Comments: The U.S. dollar falls to its lowest levels since January against other major currencies. With better than expected US job figures, positive market reaction to measures taken by the European Central Bank and the Stress test report in line with expectations, investors seem more confident. The "carry trades" are the big winners as the Australian and New Zealand Dollar made huge gains. The coming week should indicate more clearly whether the recent signs of stabilization in the U.S. economy are confirmed by the quarterly results of major industrial distributors. The market will also follow a series of economic indicators to see if the recession is losing its intensity: retail sales, business inventories, weekly claims, the producer price index and consumer price index are expected throughout the week. If the figures confirm an economic stabilization of the economy, the dollar should continue to weaken, while the "carry trades" should continue to appreciate. Good Day Emman Xuereb RTFX Ltd Head Office Level 2, Suite 2, The Cornerstone Complex, 16th September Square \| Mosta MST 1180 \| Malta Tel: +356 27 78 01 35 Fax: +356 21 41 24 58 Web: www.rtfx.com This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.

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12-05-09, 08:56 AM	#2
finvik Member Join Date: 15th January 2009 Location: vertu Posts: 34	Thanx for the info.