The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the 1.460 level. The Dollar also strengthened against the Pound.
It seems that the main reason for the Dollar’s bullish trend is the positive data coming out of the U.S economy. [...]
Continue Reading
The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The dollar rose above 76 earlier and lately bought 75.996 and compared to 75.987 on Wednesday. The USD dropped as much as 1.3% versus the New Zealand while the Australian Dollar rose 1.1% [...]
Continue Reading
Following an upbeat trading day Wednesday on the U.S. stock market, the Dollar slid against its major counterparts for the first time since last Friday’s unemployment figures. The Dollar Index dropped to 76.043 from 76.236 as investors began to speculate whether rumors of an impending hike in U.S. interest rates may have been slightly premature. [...]
Continue Reading
The U.S. currency gained some ground against the EUR Tuesday as a trickle of dollar short covering continued in the wake of better-than-expected U.S. jobs data last week, but the Dollar stayed on the back foot as Fed officials said the U.S. economy remained weak. The greenback fell against the Yen and struggled against the [...]
Continue Reading
Bernanke’s speech did not hint at an estimated time of a rate increase, though one will be needed to tighten monetary policy after the excess liquidity provided by the central bank during last year’s financial crunch. The U.S. economy is still in recovery mode with high unemployment at 10%. At this point in time, inflation [...]
Continue Reading
The Dollar rallied last week against most of the major currency pairs. Throughout most of the week, the Dollar continued its slow decline from the past few weeks. However, just before the weekend, the Dollar appreciated about 200 pips against the Euro, the Pound and the Yen.
Until Friday, the Dollar continued with its bearish trend [...]
Continue Reading
The U.S dollar rose broadly yesterday against the JPY and GBP after data showed the number of U.S. workers filing for first-time jobless benefits slipped in the latest week, adding to hopes the job market is improving. By yesterday’s close, the USD rose against the JPY, pushing the oft- traded currency pair to 88.25. The [...]
Continue Reading
Dollar Gains on Yen, Reports Losses against High Risk Currencies
Posted on 03. Dec, 2009 by admin.
Despite the Dollar reaching a six-week high against the Yen on Wednesday, the greenback slid among the more volatile currencies, as risk appetite appeared to be returning to investors. After Australia’s retail sales climbed in recent months, and rumors spread that the Australian interest rates would soon be raised, the AUD rose to 92.93 U.S. [...]
Continue Reading
The U.S. dollar was on the defensive broadly on Wednesday while the EUR and higher-yielding currencies extended impressive gains as investor risk appetite showed little sign of waning ahead of the year end. The Dollar weakened 0.6% to $1.5088 per EUR from $1.5005 yesterday.
The greenback declined for a 2nd day against the EUR as U.S. [...]
Continue Reading
The Dollar declined slightly against higher yielding currencies in today’s early trading as concerns over credit losses in Dubai eased and better than expected economic data signaled the global economy is on the way to recovery, boosting demand for riskier assets. The Dollar weakened to $1.5013 per EUR from $1.5005 yesterday in New York. The [...]
