Posts Tagged ‘federal’

Yellen’s Employment Gains Note Pushed The Dollar UP

by Forex Rooton August 22, 2014 5:48 pm BST
The dollar gained on Friday after Federal Reserve Chair Janet Yellen cited jobs gains made during the five years of economic recovery while noting slack remains in the US labor market. The speech by Yellen, a known policy ‘dove’, to an annual gathering of central bankers in Jackson Hole, Wyoming, cited persistent labor market slack […]

JPY Weakens Versus Major Currencies; NZD At Record High

by Forex Rooton July 9, 2014 10:53 am BST
The yen (JPY) weakened against all but two of its 16 major peers before the Federal Reserve releases minutes (FOMC) of its June meeting. The dollar was little changed amid speculation an uneven recovery will prompt Fed policy makers to hold interest rates near zero. China’s yuan rose to the strongest level in three months […]

XAUUSD extending rally as Fed sticks with QE3

by Forex Rooton January 24, 2013 7:58 am BST
Gold will rally this year and into 2014 as U.S. Federal Reserve policy makers will probably maintain asset purchases for two more years to buttress the recovery of the largest economy, according to Morgan Stanley. The metal, which rose for a 12th year in 2012, may average $1,830 an ounce in the final quarter from […]

Iraq’s crude exports falls by 11 per cent

by Forex Rooton January 8, 2013 7:48 am BST
Iraq’s crude oil exports in December fell by 11 per cent because of bad weather in southern oil export terminals and suspension of exports from the Kurdistan region in northern Iraq, people familiar with the State Oil Marketing Organisation, or SOMO, said Monday. Crude exports fell to 2.348 million barrels a day, from 2.620 million […]