Tag Archives: Usd appreciates
Dollar Soars on Unexpected Non-Farm Payrolls Figures
Posted on07. Dec, 2009 by admin.
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 [...]
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Non-Farm Payroll on Tap
Posted on04. Dec, 2009 by admin.
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 [...]
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U.S Currency Rises vs. Yen after BOJ Meeting
Posted on02. Dec, 2009 by admin.
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. [...]
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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 [...]
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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 [...]
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USD/JPY Climbs Back to November 2008 Prices
Posted on26. Feb, 2009 by admin.
The greenback was traded near the highest level against the Japanese Yen since November. This came about from speculation that the U.S. durable goods report may show a decreasing figure, adding to the drop in home sales which boosted the currency’s appeal as a refuge from the global slump. Analysts expect the Dollar to remain [...]
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Dollar Rises as Wall Street Tumbles
Posted on24. Feb, 2009 by admin.
The Dollar rose against its main currency pairs in yesterday’s trading while Wall Street recorded some big losses. The Dow Jones dived by a massive 250 points, reaching a 12-year low. This came about after federal authorities released information about the possibility of taking stakes in top U.S. banks. It is important to note that [...]
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Dollar Jumps on Safe Haven Trading
Posted on19. Feb, 2009 by admin.
After a relatively negative news day, the USD still managed to appreciate against most of its currency counterparts. Analysts have declared a decreased risk appetite and market uncertainty as the culprits. The loss of risk appetite means that most traders are waiting for more steady market conditions before taking a position in higher yielding currencies. [...]
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Greenback Broadly Extends Gains
Posted on18. Feb, 2009 by admin.
The Dollar continued to benefit on Tuesday amid heightened worries about the global economy and investors’ concern that Euro-Zone banks are highly exposed to financial turmoil in Eastern Europe. The greenback was also pushed higher after President Barack Obama signed a $787 billion stimulus bill into law yesterday. The bill passed both houses of Congress [...]
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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 [...]
