Archive for November, 2009
Dollar Continues to Slide
Posted on30. Nov, 2009 by admin.
After showing some signs of recovery, the Dollar continued to drop during last week’s session. The Dollar most significant drops were against the Yen and the Euro. The EUR/USD pair is once again trading above the 1.50 level.
The Dollar saw a downtrend despite relatively positive data published from the U.S. economy. The Existing Home Sales [...]
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Dollar Rebounds From 14-year Low vs. Yen
Posted on27. Nov, 2009 by admin.
The U.S. Dollar rebounded versus most major rivals Thursday, benefiting from safe-haven flows amid fears of a potential sovereign debt default by Dubai. Dubai’s shock move on Wednesday to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company’s $59 billion in liabilities, dented risk appetite across asset markets on [...]
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Dollar Falls to a 15 Month Low
Posted on26. Nov, 2009 by admin.
The dollar dropped to a 15-month low against most of its major currency pairs yesterday, as generally upbeat U.S. economic data and gains in world stocks eroded the greenback’s safe-haven appeal. By yesterday’s close, the dollar fell 1.4% against the JPY to 87.35, it’s lowest since January. The dollar experienced similar behavior against the EUR [...]
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Dollar Sentiment Pressured by Fed Comments
Posted on25. Nov, 2009 by admin.
The USD held on to modest gains Tuesday as equities and commodities declined. However, pressure on Dollar sentiment came following the FOMC Meeting Minutes. The Federal Reserve said Tuesday that officials believe the economy is going to recover at a slow rate while unemployment will remain high. These statements affirmed expectations the Federal Reserve will [...]
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USD Falls Amid Gains In The Stock Market
Posted on24. Nov, 2009 by admin.
Following Monday’s announcement that existing U.S. home sales in November were better then forecasted, Wall Street had an impressive trading day as confidence in the American economy began to return. This in turn led to a less then stellar day for the USD which traders abandoned in favor of riskier currencies such as the EUR. [...]
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Is the Dollar Recovering?
Posted on23. Nov, 2009 by admin.
The Dollar corrected some of its losses against the Euro and the Pound during last week’s trading session. The Dollar gained about 200 pips against the Euro, and gained almost 400 pips against the Pound as the GBP/USD pair dropped to the 1.6470 level.
The main reason for the Dollar’s recovery seems to be the positive [...]
