Archive for March, 2009
USD Strength Not Likely to Return this Week
Posted on23. Mar, 2009 by admin.
Last week’s decision by the Federal Reserve to buy up U.S. Treasury securities has generated one significant result: an across-the-board sell-off of the USD. Jumping an unprecedented 334 points against the EUR directly following the announcement last Wednesday, the Dollar has continued to take hits through the end of last week and today. Two primary [...]
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Equity Gains Reduce Demand for the Dollar
Posted on12. Mar, 2009 by admin.
The USD traded significantly lower yesterday against most of its major crosses. The heavy selling of the Dollar continued for the second day in a row as a rise in risk-taking was seen when global equity markets rose from a 12-year low. However, when U.S. equity markets began to drop in the late afternoon, the [...]
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Dollar Moves on Deteriorating Economy
Posted on06. Mar, 2009 by admin.
The Dollar finished Thursday’s trading session lower versus most of its major currency pairs, as fears about the viability of General Motors, and the U.S. and European banks sent shock waves through the forex and U.S. stock market. Some better-than-expected economic figures coming out of the U.S. yesterday failed to make up for the losses [...]
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Dollar Plunges as Wall Street Rallies
Posted on05. Mar, 2009 by admin.
The Dollar fell against most of its major currency pairs in yesterday’s trading. The Dow Jones ended up 150 points or 2.5%. The stock market rally in the U.S. was spurred by positive news from China that economic stimulus will be dramatically increased. Stocks also moved on Crude Oil Inventory data showing that U.S. Crude [...]
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Equity Losses Fuel USD Appreciation
Posted on04. Mar, 2009 by admin.
Slumping equity markets continue to put pressure on higher yielding currencies and in turn are boosting the Dollar. The Dow Jones Industrial Average posted another losing day yesterday. Falling equity markets are influencing the forex market by reducing risk appetite. The Dollar has been the primary beneficiary of these market conditions and yesterday was no [...]
