- Overnight Interest Rate Update 03.18.10 Thu, 18 Mar 2010 10:37 GMT
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- Mar, 18 Overnight Interest Rate Update 03.18.10
- Mar, 17 U.K. Jobless Claims Free Falls Most Since 1997, GBPUSD Rallies
- Mar, 17 Overnight Interest Rate Update 03.17.10
- Mar, 16 Overnight Interest Rate Update 03.16.10
- Mar, 16 Understanding Credit-Default-Swaps
- Mar, 16 Australian Dollar Sold on Lackluster RBA Meeting Minutes
- Mar, 15 China Weekly 03.15
- Mar, 15 Overnight Interest Rate Update 03.15.10
- Mar, 15 New Zealand Service Sector Gains Momentum on New Orders, Sales Growth
- Mar, 15 UK House Price Growth Slows for First in Thirteen Months, Says Rightmove
- Mar, 12 U.S. Retail Sales Unexpectedly Increase in February, Spurring a Rise in USD/JPY
- Mar, 12 Overnight Interest Rate Update 03.12.10
- Mar, 12 New Zealand Retailing Outperforms on Fuel, Car Sales
- Mar, 11 SNB Keeps Rates Unchanged, Reaffirms Commitment to Limit Franc Appreciation
- Mar, 11 Overnight Interest Rate Update 03.11.10
- Mar, 11 Japan's GDP Report Shows Deflation Rate Doubled in Fourth Quarter
- Mar, 11 Australian Unemployment Rate Rises as Job Gains Disappoint
- Mar, 10 U.K. Manufacturing Tumbles for the First Time in Five Months
- Mar, 10 Overnight Interest Rate Update 03.10.10
- Mar, 10 Australian Home Loans Drop Most in Nearly a Decade on Rates, Grants
The US Dollar surged sharply higher as Asian markets reacted to an encouraging interest rate announcement from the US Federal Reserve, setting off a wave of stop orders that pushed EURUSD below the 1.44 mark for the first time since late August.
Most significantly, Ben Bernanke and company said “deterioration in the labor market is abating,” which traders took as validation of the boost to priced-in Fed rate hike expectations over recent weeks. The US central bank is widely expected to look at the jobless rate as the key gauge for timing a reversal of its ultra-loose monetary stance. A Credit Suisse gauge of the priced-in yield forecast now shows the markets are betting on 89 basis points in rate hikes over the coming year, up 37 basis points or 71% since the beginning of the month. The shift in expectations was set off by sharply better outcomes for November’s nonfarm payrolls and retail sales reports.
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