Back
16 Aug 2013
Flash: USD considerably lower – OCBC
FXstreet.com (Barcelona) - Emmanuel Ng noted the poor performance by the dollar in NA and Asia.
Key Quotes:
“After a whipsaw session, the dollar ended lower against the majors on Thursday on the back of conflicting data signals. The greenback received an initial boost following lower than expected initial claims numbers but a disappointing Philly Fed doused dollar strength”.
“Meanwhile, the July TIC data showed a flip to a net outflow in June (note significant liquidation of Treasuries) while CPI numbers were largely in line with expectations”.
“After the smoke cleared, the JPY and the CHF were beneficiaries of the USD’s reversal while we also note that the antipodeans (especially the AUD) failed to capitalize fully on the late day dollar weakness”.
Key Quotes:
“After a whipsaw session, the dollar ended lower against the majors on Thursday on the back of conflicting data signals. The greenback received an initial boost following lower than expected initial claims numbers but a disappointing Philly Fed doused dollar strength”.
“Meanwhile, the July TIC data showed a flip to a net outflow in June (note significant liquidation of Treasuries) while CPI numbers were largely in line with expectations”.
“After the smoke cleared, the JPY and the CHF were beneficiaries of the USD’s reversal while we also note that the antipodeans (especially the AUD) failed to capitalize fully on the late day dollar weakness”.