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What's Up With The Loonie?

* Euro trading pattern... * Sterling backs off... * Data cupboard gets restocked... * Rupees disappoint... **What's Up With The Loonie? Good day... And a Wonderful Wednesday to you! I hit all my traffic lights on green this morning, so it's going to be a "good day"! Funny how little things like that put a smile on my face... OK... Another day of watching the euro rise up to 1.5815 and then see it get sold back below the 1.58 figure when the NY boys arrive at their desks. The pattern for the first two days this week has seen that selling in the morning, and then a slow rise in the afternoon, and then back over 1.58 in the overnight markets. That's where we are again this morning......

Published Wed, Jul 07 2008 8:25 AM by Chuck Butler

Filed under: Australia, Dollar, British Pound, Gold, Euro, Canada, Jobs

BIS Disses The Dollar!

* Euro & Aussie on the rise... * Yen continues to rise on stock sell off... * Another depressing warning... * Gold takes off! **BIS Disses The Dollar! Good day... And a Marvelous Monday to you! June the 30th... I had a fabulous weekend, with a Cardinals' win Saturday night to top it off! I'm waiting for news from the blood doctor on my latest ultra sound on my leg. And my goofy car is acting up again! UGH! But... Not even that kind of stuff could ruin my weekend! OK... Front and Center this morning, we have the euro climbing above 1.58, and the Aussie dollar hitting a 25-year high! The dollar is getting sold again, as the negativity toward the dollar grows strong again. We also have The Bank for International Settlement (BIS) talking about how a disorderly decline in the dollar can't be ruled out completely, while U.S. Treasury Sec. Paulson is talking about how a strong dollar is a good thing for the U.S....

Published Mon, Jun 06 2008 8:41 AM by Chuck Butler

Filed under: Australia, Dollar, Oil, Gold, Euro, Yen, European Central Bank

More Profit Taking...

* The Big Dog leads currencies down... * Game On for the Carry Trade again! * More rate hikes for Australia? * Norges Bank to remain on hold......

Published Wed, May 05 2008 11:09 AM by Chuck Butler

Filed under: Australia, Dollar, Consumer Confidence, Carry Trade, Norges Bank

A Fantastico Friday!

* Exiting Home Sales... * Chart talks... * A good week for Aussie! * Inflation talk......

Published Fri, May 05 2008 12:51 PM by Chuck Butler

Filed under: Australia, Dollar, Inflation, Home Sales, Jobs

FOMC Minutes Point To Problems...

* Questioning the Fed's moves... * Euros slow down... * Aussie hits 25-year high... * Oil hits $135!...

Published Thu, May 05 2008 11:45 AM by Chuck Butler

Filed under: Australia, Employment, Oil, Gold, Euro, The Fed, Economy, FOMC

The IMF Agrees With Chuck!

* The euro rallies again! * Jumping on the Aussie bandwagon... * Inflation talk... * Leading Indicators are flat... ...

Published Tue, May 05 2008 9:30 AM by Chuck Butler

Filed under: Australia, Dollar, Inflation, Euro

Aussie Trade Deficit Narrows!

* More Jobs data and talk... * Currencies see some healing... * RBA leaves rates unchanged... * The cows are out of the barn!...

Published Tue, May 05 2008 10:09 AM by Chuck Butler

Filed under: Australia, Currencies, Trade Deficit, Carry Trade, Jobs

A Jobs Jamboree!

* More dollar strength... * What's going on here? A strong Aussie Retail Sales... * The Demise of the Dollar II!...

Published Fri, May 05 2008 10:22 AM by Chuck Butler

Filed under: Australia, Dollar, Jobs

A Big Data Week!

* Some healing in the currencies... * U of Mich. Confidence falls... * Unloading Treasuries? * Turning the tables in N.Z.?...

Published Mon, Apr 04 2008 9:28 AM by Chuck Butler

Filed under: Australia, Currencies, Dollar, Inflation, China, Gold, Euro, European Central Bank, GDP, Deficit, U. of Michigan Consumer Confidence Index

The Euro Hits 1.60!

* Noyer rains on the euro's parade... * Aussie hits a 24-year high! * Bank of Canada cuts 50 BPS! * George F. Will speaks!...

Published Wed, Apr 04 2008 9:46 AM by Chuck Butler

Filed under: Australia, Inflation, Home Sales, Euro, Interest Rates, Bank of Canada, George F. Will

FOMC Finally Comes Clean (sort of)

* FOMC finally comes clean... * Pound Sterling to drop with falling consumer confidence... * Bank of Japan holds rates... * AUD$ and NZD$ economies prove resilient......

Published Wed, Apr 04 2008 9:48 AM by Chuck Butler

Filed under: Australia, British Pound, Recession, New Zealand, Japan, FOMC

Jobs Fall 80,000!

* Labor picture looks awful... * Does this look like a recession now? * Aussie Trade Deficit widens... * China about to trade with a 6!...

Published Mon, Apr 04 2008 10:21 AM by Chuck Butler

Filed under: Australia, China, Recession, Yen, European Central Bank, Bank of England, Jobs

Another Day of Dollar Depreciation...

* Durable goods fall... * Euro gains... * British concern... * The land down under......

Published Thu, Mar 03 2008 11:49 AM by Chuck Butler

Filed under: Australia, Dollar, British Pound, Recession, Euro, Durable Goods, Depreciation

A Reality Check!

* Too Little... Too Late! * Yen hits a 13-year high! * Swissie nears parity! * Australia keeps creating jobs!...

Published Thu, Mar 03 2008 9:54 AM by Chuck Butler

Filed under: Australia, Dollar, Oil, Euro, Consumer Confidence, Yen, Swiss franc

Bank of Canada Makes a Larger Than Expected Cut...

* Bank of Canada cuts 50 bp... * Trichet supports strong dollar policy... * Swiss economy surprisingly strong.. * Aussie dollar eases... ...

Published Wed, Mar 03 2008 9:23 AM by Chuck Butler

Filed under: Australia, Dollar, British Pound, Gold, Euro, Swiss franc, Canada

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