Forex Investment and Currency Trading

In the US, the opening of the discount window to primary dealers (Primary Dealer Credit Facility or PDCF) and the introduction of the Term Securities Lending Facility (TSLF) that accepted private-label mortgage collateral seemed to moderate the flight-to-quality bid over the Easter holiday and the Treasury curve bear flattened. Although the first TSLF auction had [...]

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The USD hovers near record lows versus major currencies, with little prospect for near term improvement. While recent Fed actions may help to stabilize financial system concerns, there are increasing signs of US economic weakening. The Chicago Fed National Activity Index has fallen to levels normally associated with recession, and additional FOMC easing
is likely to push [...]

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US Markets Today:  Core PCE inflation year-over-year fell to 2.0% in February, helped by revisions to prior data, moderating fears that the Fed is erring in easing policy and risking sharply higher inflation. Nominal consumer spending advanced 0.1% in February, but spending was flat in real terms, suggesting slow real GDP growth in Q1. Personal income [...]

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