• Dollar Settles as Confidence and Retail Sales Data Offers a Last Chance for Volatility this Week
• Canadian Dollar Recovers on Trade and Housing Data, Looks to Jobs Data for a Breakout
• Euro Discomforted by Policy Makers Doubts and Reservations
• New Zealand Dollar Fails to Generate the Same Volatility on Retail Sales that the RBNZ Mustered
The British Pound halted the three-day decline and is the best performing currency against the U.S. dollar on Thursday, while the New Zealand dollar extended the decline following the RBNZ interest rate decision, with the exchange rate slipping to a low of 0.6964.
• Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend
• Euro Strength Runs Awry of a Gloomy EU Draft and Slower Growth for Strained Members
• British Pound Drops as Factory Activity and Growth Estimates Slip
• Australian Dollar Traders Respond to Weaker Employment Growth by Easing off Rate Expectations
• New Zealand Dollar Tumbles after RBNZ Commentary Leans Towards Measured Tightening
Forex options risk reversals show distinct risk that the US Dollar may slip further against the Euro, Australian Dollar and New Zealand Dollar through short-term trade. Indeed, traders have begun to aggressively bet on and hedge against further Euro strength via options, and recently one-sided speculative futures positioning shows distinct risk of near-term corrections.
