Daily FNArena News - Currencies

The BRIC’s are building support for IMF bonds to supplement US Treasuries.

The world’s leading bond trader warns of a weak US dollar, inflation, and rising bond yields.

A technical bounce for the greenback could be a sharp one, warns Standard Chartered’s forex team.

Things are moving much quicker in the USD FX trade these days, but analysts at TD Securities see no reason to abandon their position.

One academic believes the US Congress and Administration need a big wake up call. In the meantime the US bond market threatens the stock market.

Once considered the global safe haven, the US bond market is facing a withdrawal of support. Such a withdrawal could derail global economic rescue plans.

The US dollar has been the currency of refuge during the global financial crisis but in the view of TD Securities the yen may be next in line to assume that position.

The Aussie dollar could well run further in the short-term against the greenback but both ANZ and Westpac believe the rise is unlikely to be sustained.

The foreign exchange market may be ignoring fundamentals at present but they do matter and this means a weaker US Dollar according to both Standard Chartered and TD Securities.

The global recovery in risk appetite bodes well for the commodity currencies.