Quote:
Originally Posted by ptaczek
Well, U/J got 3-years record low today. And there will be more wild moves in near future, I think...
Look at this. |
be carefull read this news :
Dollar Rebounds from Record Low, Boosted by Central Banks' New Liquidity Measures
After edging to new record low against Euro, Dollar rebounds stronger in early US session after Fed announced
new measures to address the liquidity pressures in funding markets, coordinated with
Bank of Canada,
Bank of England,
European Central Bank and
Swiss National Bank. Dollars reversed all of today's earlier losses and surges across the board. On the other hand, the Japanese yen is sent sharply lower as stock markets are set to be boosted to have a higher open after this announcement.
Fed expanded its securities lending program today by a new Term Securities Lending Facility (TSLF). Up to $200b of Treasury securities will be lent to primary dealers for a term of 28 days, extended from overnight in the existing program. In addition, Fed increases its existing swap lines with ECB and SNB and will now provide up to $30b to ECB and $6 b to SNB. ECB will offer USD term auction funding in Eurosystem, up to $15b in 28-day operation. SNB will offer providing up to $6b USD liquidity. BoC announces new Term Repo Auctions and will acquire C$4B worth of securities and up to auction C$2b.
Data released from US today saw trade deficit at -58.2b, lower than expectation of -59.7b. Canadian trade surplus widen unexpectedly to 3.26b. Euro was boosted early to new record high against dollar after Germany ZEW economic sentiments unexpectedly improved from -39 to 32 in Mar, Eurozone ZEW also improved from -41.4 to -35. The second improvement in a row suggest that confidence are improving in the Eurozone in general
so, keep your watch for USD pairs, include EU
