Archive for April, 2009
Swine Flu puts Downward Pressure on the USD and Tourism
Posted on27. Apr, 2009 by admin.
The U.S. Dollar appeared to be losing ground against all of its major currency counterparts towards the end of last week’s trading. It dropped to one-week lows against its rivals, falling to 1.3300 against the EUR, 1.4750 against the Pound, and 96.65 against the JPY last Friday. Apparently a number of news events, not wholly [...]
Continue Reading
USD Moves Up against Rivals
Posted on20. Apr, 2009 by admin.
After ending last week slightly higher versus most of its currency counterparts, the USD began this week’s trading with a continuation of its recent uptrend, appreciating against every currency rival except the JPY. Dropping below the 1.3000 level against the EUR this morning, and near 1.4700 against the Pound, the Dollar’s strength appears to be [...]
Continue Reading
USD Regains Lost Momentum from Under-Performing Stock Market
Posted on08. Apr, 2009 by admin.
The USD has begun a moderate rally these past two days, starting from as high as 1.3575 against the EUR, the greenback is now trading near the 1.3175 price level. An even sharper price rally began this morning during the early trading hours when the release of poor stock data emerged from Wall Street. The [...]
Continue Reading
Dollar Rises as Risk Taking Disappears
Posted on07. Apr, 2009 by admin.
Yesterday a drop in equities signaled an end to the higher risk taking environment and helped to strengthen the Dollar against the EUR and the GBP. The Dollar also rose to a 5-month high against the Japanese Yen to close above the significant 100 Yen mark. The Dollar tends to rise as equity markets weaken, [...]
Continue Reading
USD Weakens from Negative U.S. Data and Positive EUR News
Posted on03. Apr, 2009 by admin.
The USD experienced a rather rough day of trading yesterday, with a substantial loss to the EUR and GBP. After the European Central Bank (ECB) failed to reduce Interest Rates as deep as forecasted, there was a modest rebound in the value of the EUR against its primary currency pair, the U.S. Dollar. Ending Thursday [...]
