Archive for February, 2009
Dollar Records Mixed Results as Bank Bailout Plans Disappoint Investors
Posted on11. Feb, 2009 by admin.
The Dollar recorded some mixed results in yesterday’s trading as traders were disappointed by Treasury Secretary Timothy Geithner. Geithner spoke yesterday about the Treasury’s plan for a new $2 trillion Dollar banking bailout plan. This follows the approval by the U.S. Senate of Obama’s $800 billion Dollar stimulus plan. Geithner received criticism that he wasn’t [...]
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USD Regroups after Negative News for Euro Banks
Posted on10. Feb, 2009 by admin.
The Dollar initially lost ground yesterday but recovered in late trading as forex markets shrugged off a delay to the much anticipated U.S. bank bailout announcement. Despite the postponement, riskier currencies gained favor and currencies such as the USD and JPY fell as traders’ risk appetite increased.
The U.S. bank bailout package is expected to provide [...]
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Will the Economic Stimulus Bill Help the USD Recover?
Posted on09. Feb, 2009 by admin.
Last week ended with a dismal report from the U.S. Labor Department which showed Non-Farm Payrolls dropping an additional 598,000 jobs this month, the deepest employment cut in 34 years! Traders saw the USD drop against every major currency pair, save the JPY, as a result. After closing Thursday’s session up against the EUR at [...]
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Dollar Falls on Increased Risk Appetite
Posted on04. Feb, 2009 by admin.
Investors ditched the Dollar in yesterday’s trading session for more risky assets, indicated by the fact that the Dow Jones climbed by 1.8%. This was sparked by a report from Merck and Company that posted better-than-expected earnings. On top of this, investors became more confident as the new Treasury Secretary, Timothy Geithner, reassured Americans that [...]
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U.S. Senate Might Reject Obama Stimulus Plan
Posted on02. Feb, 2009 by admin.
After last week’s surprising bullishness against the EUR, the USD may be positioned to rise back up to price levels not seen since November. Ending last week at 1.2811 against the EUR, the greenback broke through a number of significant price barriers and continues to hold ground. However, the USD did not gain strength against [...]
