03/25/08 - Daily Forex Market News from cmsfx.com

Today's Recap: Dollar Down vs Euro, Pound, Yen as Markets Price in More Rate Cuts by Fed

The Dollar was pressured on Tuesday as speculation of a 50 basis point move next month by the Fed was priced into the markets. The greenback declined in value vs the Euro, Pound, and the commodity bloc of currencies to start the week. A rally in carry trade pairs on Monday stalled in today's session.

Consumer Confidence fell to a five year low the US, and Home Prices were shown to be down

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[onlinemasterclasses]

Hey Mike, is that a cat on your head ?

[ofInterestNZ]

Issuance of Uridashi and Eurokiwi bonds slumped to NZ$313 million in March, down from NZ$1.3 billion in February and it's lowest monthly level since July 2004, figures from the Reserve Bank and Westpac show.

The fall in new New Zealand dollar bonds issued to Japanese and European retail investors will be closely watched by currency traders and the Reserve Bank. They are looking for any signs that foreign investors owed more than NZ$50 billion may decide to take their money home.

[ofInterestNZ]

Issuance of Uridashi and Eurokiwi bonds slumped to NZ$313 million in March, down from NZ$1.3 billion in February and it's lowest monthly level since July 2004, figures from the Reserve Bank and Westpac show.

The fall in new New Zealand dollar bonds issued to Japanese and European retail investors will be closely watched by currency traders and the Reserve Bank. They are looking for any signs that foreign investors owed more than NZ$50 billion may decide to take their money home.