http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-10.htmlUSD lower after announcement that Greece has reached an agreement on emergency aid; ECB and BoE leave interest rates on hold; BoE injects another 50B pounds, bringing total asset purchase program to 325B pounds; The US dollar continues to decline against most of its major traded currencies with the exception of the Japanese yen as appetite for risk was boosted after comments from European Central Bank President Mario Draghi. Draghi confirmed that Greece had reached an agreement on austerityFri, 10 Feb 2012 04:58:41 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-10.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-09.htmlEUR slips from recent highs as final Greek budget deal is delayed yet again; GBP tumbles from its overnight peak ahead of a BoE meeting at which further QE will likely be announced; JPY remains lower amidst threats of imminent central bank intervention should the yen appreciate any further. The USD is marginally higher this morning as falling stocks and commodities provide support for the “safe-haven” dollar. The rebound against its primary counterpart, the EUR, comes as Greek debt talksThu, 09 Feb 2012 07:26:45 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-09.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-03.htmlUS weekly jobless claims registered better than expected at 367k, the lowest since June ’08; Fed Chairman Bernanke hints at further monetary easing; EUR remains well supported despite signs that Greek debt talks may be stalled and as European officials raise concerns that the region’s other steps to build a firewall are too little too late; JPY remains within 1% of its all-time high against the USD after the Fed pledged to keep interest rates low through 2014 making the reduced cost ofFri, 03 Feb 2012 04:50:15 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-03.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-02.htmlUS ISM falls short of forecasts at 54.1, but remains at a 7-month high; ADP falls short of expectations at +182K; Manufacturing in both Germany and France surprised to the upside, quelling fears of an imminent region-wide recession; Commodity Currencies gain the most against the dollar with the ZAR up nearly 2% on the resurgence in risk appetite after global manufacturing outpaces expectations. The USD pared yesterday’s gains against nearly all of its major counterparts as markets breathe aThu, 02 Feb 2012 04:51:29 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-01.htmlUS Consumer Confidence tumbles to 61.1 versus 68.0 expected as rising energy prices and continued labor market weakness weighs on household spending; Eurozone policymakers hope to have a Greek debt deal done by the end of the week; policymakers signed off on two new treaties to increase fiscal ties and establish a permanent “bailout fund”; JPY continues to grind higher as the spread between short-term US and Japanese interest rates fell to 40.5bps, the lowest since 1992. The USD is mixed thisWed, 01 Feb 2012 05:01:24 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-02-01.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-30.htmlUS Q4 ’11 GDP misses forecasts, registering +2.8% versus+ 3.0% expected; EUR higher as Greek debt talks progress; Portuguese debt comes into question with yields spiking to a fresh all-time high; JPY bounces back from losses earlier this week, nearing an all-time high against the GBP as foreign purchases of short-term Japanese assets surpassed Japanese investor outflows. The USD consolidated towards the lower end of its recent ranges against most of its major counterparts. Stocks andMon, 30 Jan 2012 04:45:20 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-27.htmlUS Fed pledges to keep interest rates on hold at 0% - 0.25% until late 2014 and Chairman Bernanke hints at QE3; dollar index drops to a six-week low; Commodity Currencies sharply higher on recovering risk appetite; Durable Goods gain by 3%, jobless claims rose to 377k and leading indicators gained by 0.4%; GDP data due tomorrow expected to show 3% growth. The USD is lower against nearly all of its major counterparts this morning after yesterday’s pledge from the Fed to keep interest ratesFri, 27 Jan 2012 05:20:10 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-27.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-26.htmlThe EUR fell back below 1.3000 against the USD after the ECB refused to participate in any restructuring of Greek debt; The GBP is under pressure after Q4 GDP contracted by 0.2%; The JPY continued its fall after Japan posted its first annual trade deficit in 31 years. The USD posted strong gains overnight against most of its major counterparts as declining stocks and ongoing worries over Eurozone debt are outweighing a possibly dovish stance from the Fed. The FOMC concludes their two dayThu, 26 Jan 2012 07:36:21 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-26.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-20.htmlUS weekly jobless claims plummet by 50k to 352k, the best reading since April 2008; EUR extended its weekly rebound against the dollar as Spain successfully auctioned off a large amount of debt; AUD is lower after Australian economy unexpectedly shed jobs; NZD also lower after New Zealand CPI falls short of estimates. The USD is mixed this morning, gaining against the higher-yielding currencies and JPY, while falling against its European counterparts. The dollar index is down for a thirdFri, 20 Jan 2012 04:50:14 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-20.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-19.htmlUSD extends weekly decline as generally positive news prompts investors to seek higher yielding currencies; World Bank downgrades it’s outlook for global growth to 2.5% for 2012 and 3.1% for 2013; IMF looking to raise additional $500B; EUR extends recovery as Greek PM Papademos re-enters debt negotiations with creditors. The USD extended its recent losses overnight with the dollar index now down 1.5% for the week. The move lower comes as risk aversion abates, at least temporarily, withThu, 19 Jan 2012 04:43:07 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-19.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-16.htmlUSD is higher on risk aversion despite a widening US trade gap; EUR is lower as investors grow more concerned over potential S&P rating agency downgrade; The GBP is lower after UK’s PPI reported a lower than expected reading. The US dollar is higher against most of its major counterparts as concerns over S&P ratings downgrades in many European nations heightened risk aversion. Meanwhile, the US trade deficit widened more than expected as domestic companies increased imports of crudeMon, 16 Jan 2012 04:55:36 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-16.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-11.htmlUSD weakens as risk appetite returns as stocks and commodities rise; US inventories gain by less than forecast reflecting increased consumer demand; EUR pushed back to the higher end of its recent ranges as European leaders make progress towards backstopping the region’s struggling economies; Commodity Currencies were the best performers overnight, gaining on the rising raw good prices and on increased odds that China will ease monetary policy further to support economic growth. The USD isWed, 11 Jan 2012 04:53:02 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-11.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-09.htmlNonfarm Payrolls surprise to the upside, registering +200k; unemployment ticks down to 8.5% on strong growth in private payrolls; EUR extends its decline to a 15-month low against the USD as investors increase bets that the region will continue to struggle with debt and the ECB will ease policy further in 2012; GBP remains weak against the USD, but has extended its recent gains against the EUR after yesterday’s promising PMI Services, which registered at 54.0 versus expectations of 51.5. TheMon, 09 Jan 2012 05:09:16 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-09.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-06.htmlWeekly Jobless Claims drop and ADP Private Payrolls gain – both strong signs before tomorrow’s NFP and Unemployment reports; ISM non-manufacturing falls short of forecasts; EUR breaks below 12-month low after weak demand at French debt auction highlights persistent funding concerns; Commodity Currencies pull back from recent highs against the USD on falling raw good prices and after data shows a marked slowdown in trade activity. The USD begins higher against most of its major counterpartsFri, 06 Jan 2012 04:53:20 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-06.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-05.htmlUSD gains as “New Year” rally loses momentum; US manufacturing gains 1.8% on strong auto and aircraft sales; EUR pushes below 1.30 yet again on renewed concern that the Eurozone struggles with debt will result in credit downgrades; region-wide inflation dropped, prompting investors to expect further ECB interest rate cuts and monetary easing policies; Commodity Currencies pare recent gains on declining risk appetite, but resilient manufacturing data out of the US and China provides downsideThu, 05 Jan 2012 04:52:18 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-05.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-02.htmlUSD lower against most major counterparts as risk appetite rebounds despite stocks beginning the day in the red; EUR falls to a new all-time low against the JPY, below 100, as investors fear the Eurozone’s debt crisis will weigh on economic growth in 2012; JPY heads into the end of the year well supported after a report showed the BoJ did not sell any JPY in the month of December. The USD is headed towards a mixed close to a volatile year in currency markets with thin liquidity exacerbatingMon, 02 Jan 2012 04:54:38 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2012-01-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-30.htmlUS weekly jobless claims increased for the first time in a month, but the four-week moving average continued its steady decline to 375K - the lowest since June 2008; Italy’s second straight day of debt auctions was not nearly as successful as the first, with an undersubscribed offering driving the yields on Italian debt higher; Commodity Currencies are relatively flat as stocks and commodities push into the black; ZAR is best performer overnight as rising inflation prompts investors toFri, 30 Dec 2011 04:37:24 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-29.htmlThin liquidity is adding to market volatility with the US up sharply against most of its major counterparts; Italy’s auction of 9B EUR worth of short-dated bonds was a runaway success, with yields tumbling by nearly 3% from the last auction of similarly dated assets; Commodity currencies have been particularly hard hit by the increase in risk aversion and as stocks and commodities pare yesterday’s gains. The USD is sharply higher against most of its major counterparts as renewed concerns overThu, 29 Dec 2011 04:41:12 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-29.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-26.htmlUS durable goods jump by 3.8%, supported by strong demand for aircrafts; House Republicans agree to a one year extension on the payroll tax break; Japan downgrades its economic growth forecasts for FY’11 and FY’12 as a strong currency and the Eurozone debt crisis take their toll. The USD is locked into its recent ranges as market participants get a head start on the holiday weekend. Despite yesterday’s disappointing reading of Q3 GDP, data this morning suggests that a double-dip recession isMon, 26 Dec 2011 04:53:28 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-26.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-23.htmlUS Q3 GDP falls to 1.8%, down from 2.0% in the previous reading; weekly jobless claims fall to lowest since April 2008; Yield on Spanish and Italian debt are again on the rise as confidence quickly fades that the ECB’s latest plan will do enough to alleviate sovereign funding pressures; British GDP registered better than expected at 0.6%, but expectations for growth in 2012 remains weak at best. The USD remains range-bound against most of its major counterparts, gaining most against the NOKFri, 23 Dec 2011 04:41:21 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-23.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-22.htmlDemand for ECB 3-Yr lending facility far surpasses expectations, highlighting Eurozone banks’ weakness; US housing sector showing signs of a rebound, but the labor market remains a cause for concern with lawmakers yet unable to strike a deal on extending the payroll tax credit; AUD gains to a new all-time high against the EUR as investors are increasingly attracted by Australia’s AAA rating. The USD is mixed this morning as stocks and commodities swing between gains and losses. AfterThu, 22 Dec 2011 04:50:26 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-22.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-21.htmlRisk appetite rebounds with stocks and commodities both set to begin the day in the black; Investors were encouraged by strong demand for Spanish debt auction today; Commodity Currencies are stronger this morning as rebounding investor confidence and rising raw good prices provide support. The USD is sharply lower this morning as market risk appetite rebounds with stocks and commodities both set to begin the day in the black. Trading has been quite volatile overnight as signs of thin liquidityWed, 21 Dec 2011 04:49:13 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-21.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-19.htmlThreat of European downgrade remains and Fitch Rating cuts of five major banks; European credit ratings may be cut as soon as Friday, signaled by the shift in the bond market; Commodity Currencies are stronger this morning as risk appetite returned to the market after global equities rallied. The US dollar i s slightly weaker across most major currencies as the market retraces some of the week’s safe-haven positions. Despite the IMF’s warnings of the future, plunging European export, theMon, 19 Dec 2011 04:56:01 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-19.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-16.htmlUSD consolidates in new higher ranges as jobless claims and regional manufacturing data improves; EUR remains near 1.30 despite easing funding concerns as Spanish and Italian yields fall; Commodity Currencies are stronger this morning despite falling raw good prices on encouraging economic data out of China. The USD pared some of its recent gains overnight after yesterday’s impressive rally. A modest easing in risk aversion has given investors a chance to breathe a sigh of relief and diversifyFri, 16 Dec 2011 04:40:05 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-16.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-14.htmlEuro weakens to lowest level vs. the USD since January as German sentiment surveys showed mixed report; USD remains stable ahead of FOMC despite a rise in S&P; AUD and NZD recovers as risky assets rise before FOMC and US retail sales report. The US dollar was mixed against most major currencies as the Fed prepares to make its policy announcement at 11am PST. The Fed is expected to keep rates unchanged while mentioning recent improvements in the economic outlook including a climb in retailWed, 14 Dec 2011 05:03:06 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-14.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-12.htmlEU leaders propose new treaty that would build a “fiscal pact” amongst member nations; the UK abstains from participation; US trade deficit narrows for the fourth straight month as imports slowed and exports gained; JPY extends trend of slow appreciation as speculation builds that the BoJ may not be considering intervention unless the yen nears the previous all-time high of 75.35. The US Dollar traded through a volatile overnight session, but is heading into the weekend within its recentMon, 12 Dec 2011 04:48:49 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-12.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-09.htmlUS weekly jobless claims drop to 381K from 404K last week as holiday hiring add positions; ECB cuts rates to 1.0%, but leaves bond-purchase levels on hold; BoE leaves both rates and bond-purchase levels on hold; JPY strengthens to strongest level since last round of intervention at 77.20 increasing odds of another BoJ action; Commodity Currencies come under pressure on heightened risk aversion and after Australian unemployment unexpectedly rose to 5.3%. The US Dollar is stronger against all ofFri, 09 Dec 2011 05:15:00 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-09.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-07.htmlS&P puts 15 Eurozone nations, including AAA rated Germany and France, on watch for a downgrading of their sovereign credit rating; Merkel and Sarkozy said to be preparing a number of proposed amendments to EU treaties to build fiscal solidarity within the bloc; USD remains well supported as the primary proxy for market risk sentiment. The US Dollar is mixed this morning as investors’ collective focus shifts back to the Eurozone after S&P put 15 of the region’s member states on watchWed, 07 Dec 2011 04:36:14 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-07.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-05.htmlUSD mixed after NFP misses forecast, but unemployment rate unexpectedly drops to 8.6%; European officials increasingly call for fiscal unity in a strong sign that the region is moving towards further consolidation and potentially ”Eurobonds”; Commodity Currencies are mixed with the AUD paring recent gains ahead of next week’s central bank meeting while the ZAR gains on the improved optimism over Europe. The US Dollar heads into the end of the week mixed against its major counterparts asMon, 05 Dec 2011 05:11:45 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-05.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-02.htmlUSD broadly weakens as Labor Department showed weekly jobless claims rose; World’s major central banks acted jointly to boost dollar liquidity for European banks; Global manufacturing activity sank lower last month, pulled down by factories in Europe and Asia. The US Dollar weakened slightly across most of the major currencies with the exception of the JPY and AUD. This comes after the Labor Department showed US weekly jobless claims rose to 402,000 in the latest week, which was much higherFri, 02 Dec 2011 04:41:48 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-01.htmlCentral banks announced coordinated effort to provide liquidity and ease strains in the global credit markets People’s Bank of China cuts reserve ratio by 50 basis points The US Dollar fell across the board after the announcement of the central bank intervention to provide liquidity to global financial markets. In a coordinated move, the U.S. Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland lowered the cost of existing dollar swap linesThu, 01 Dec 2011 04:57:58 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-12-01.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-30.htmlRisk-on environment drives gain across key asset classes weakening the USD; Britain’s grim outlook is bearish news for the currency; Safe haven flows continued to ease; investors are hopeful for Euro-group planning. The US Dollar slid further against most major currencies as the overall risk-on environment drove gains across key asset classes, pushing equities up, commodities stronger, crude oil at $100/barrel, and bond yields higher. Domestically, Americans are shrugging off concerns aboutWed, 30 Nov 2011 07:30:10 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-24.htmlRisk aversion takes hold of the market, driving the USD index to a two-month high; German bond auction is undersubscribed, prompting investors to fear that the region’s so-called “debt contagion” is no longer relegated to the periphery economies; Report shows that Japanese investors have purchased more UK Gilts than German Bunds this year as the global “safe-haven” paradigm is shifting to no longer include the Eurozone’s largest economies. The US Dollar is sharply higher against all of itsThu, 24 Nov 2011 04:50:51 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-24.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-23.htmlUS GDP expanded at a slower pace than expected in the third quarter, growing 2.0% versus 2.5% initially estimated; France’s AAA rating comes into question after S&P “accidentally” announced a downgrade over the weekend; Investors are spooked by rumors of BoJ intervention, but the JPY remains near the top of its recent ranges as investor risk appetite is tepid at best. The US Dollar begins the day mixed against its major counterparts as investors weigh disappointing economic data out of theWed, 23 Nov 2011 08:03:12 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-23.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-11.htmlUS weekly jobless claims registers below 400K for the second straight week; import prices decline; Italy held a successful bond auction and Greece appointed a new PM, easing concern of increased turmoil in the Eurozone; The JPY continues to slowly appreciate against its G10 counterparts, forcing Japanese companies to shift operations overseas. The US Dollar is mixed this morning as immediate funding worries for the Eurozone’s new flashpoint, Italy, ease for the time being. The dollar pulledFri, 11 Nov 2011 05:10:27 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-11.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-10.htmlItalian PM Berlusconi agrees to resign from his post after austerity measures are enacted; the Italian bond yield curve inverts with the yield on 2-Yr notes higher than that of 10-Yr notes, but with all above 7%; USD and JPY gain as primary “safe-haven” currencies as stocks and commodities take a beating; Commodity Currencies are lower on reduced risk appetite and declining global economic fundamentals. The US Dollar is stronger against all of its G10 counterparts this morning as theThu, 10 Nov 2011 04:51:43 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-10.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-07.htmlUS Nonfarm Payrolls fall short of expectations at +80K, but previous month upwardly revised by nearly 35%; unemployment falls to 9.0%; EUR under pressure ahead of Greek confidence vote; G20 unable to agree on further IMF funding; Commodity currencies are weaker on reduced outlooks for both economic growth and inflation; CAD pares weekly gain after Canadian unemployment rate jumps to 7.3%. The US Dollar is stronger against nearly all of its major counterparts this morning on renewed concernsMon, 07 Nov 2011 05:18:46 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-07.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-04.htmlThe ECB, led by new President Mario Draghi, surprised markets with a 0.25% cut in interest rates, bringing the Bank’s benchmark rate down to 1.25%; USD is mixed after better-than-expected weekly jobless claims and factory orders; JPY continues to consolidate near the 78 level with the USD, but has gained back much of its initial losses against the EUR as the Greek debt crisis spurs safety demand. The US Dollar is mixed this morning after trading through a particularly volatile overnightFri, 04 Nov 2011 05:03:08 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-04.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-03.htmlUSD is lower as stocks and commodities push into the black after encouraging private payrolls data; Greece PM Papandreou met with Merkel and Sarkozy ahead of G20 summit to denounce the proposed Greek referendum; The Commodity Currencies have rebounded this morning on resurgent risk appetite, but the monetary policy stance for these nations appears to be turning more dovish. The US Dollar is lower against most of it major counterparts ahead of a key Fed FOMC interest rate policy decision dueThu, 03 Nov 2011 08:01:54 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-10-28.htmlUS economic activity in the US picked up in Q3 with GDP gaining by 2.5%; EU leaders came to an agreement on recapitalizing regional banks, leveraging the EFSF, and convincing the private sector to accept larger haircuts on Greek debt; The Commodity Currencies outperform their peers on the resurgence of risk appetite as global financial markets rally. The US Dollar is sharply lower against all 16 of its most actively traded counterparts as market risk appetite continues to rebound on positiveFri, 28 Oct 2011 04:48:58 GMThttp://www.fxstreet.com/fundamental/market-view/Kate.McNally@unionbank.com (Union Bank, N.A.)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2011-10-28.html