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Morning Comment: Archived Editions
Detailed below are the morning comments for the last 5 working days. Please select a comment from those below to view the full details, or alternatively you can select a date from the followng drop down box:
As at As at 07.24 Wednesday, 23 Jul 2008 Dollar Bounces Back
After being with striking distance of lifetime lows, the dollar staged a strong recovery over the day yesterday, with sentiment towards the US currency boosted by lower oil prices (crude fell to a six week low) and a robust performance by Wall S...
As at As at 07.21 Tuesday, 22 Jul 2008 Dollar Remains on the Defensive
The dollar was under steady selling pressure for much of the day yesterday and remained so overnight as markets reacted to a $2 rise in oil prices and a raft of dismal earnings reports from a number of leading US companies including American Exp...
As at As at 07.22 Monday, 21 Jul 2008 Dollar Looks to Stocks for Direction
Forex markets have started the week on a cautious note, with the dollar in particular nervous ahead of the release of earnings reports from a numbers of regional banks this week. Overnight, a $1 rise in oil prices (on geopolitical concerns) saw...
As at As at 07.16 Friday, 18 Jul 2008 Dollar Slips as Financial Concerns Weigh
The dollar weakened against the euro in early trade yesterday. Hawkish comments from the ECB’s Wellink, who again emphasised the need to combat inflationary pressures, provided a lift for the euro as did an article in the FT, which raised the po...
As at As at 07.16 Thursday, 17 Jul 2008 Dollar Moves Up From Record Lows
The dollar, yesterday, moved further away from Tuesday’s record low against the euro, posting gains also against the yen. It took support from lower oil prices and better than expected earnings from Wells Fargo which gave rise to hopes of some ...