Tag Archives: Usd loses strength
Dollar Slides Amid Increased Investor Risk Taking
Posted on10. Dec, 2009 by admin.
Following an upbeat trading day Wednesday on the U.S. stock market, the Dollar slid against its major counterparts for the first time since last Friday’s unemployment figures. The Dollar Index dropped to 76.043 from 76.236 as investors began to speculate whether rumors of an impending hike in U.S. interest rates may have been slightly premature. [...]
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Dollar Falls Broadly against the Yen after Bernanke Comments
Posted on09. Dec, 2009 by admin.
The U.S. currency gained some ground against the EUR Tuesday as a trickle of dollar short covering continued in the wake of better-than-expected U.S. jobs data last week, but the Dollar stayed on the back foot as Fed officials said the U.S. economy remained weak. The greenback fell against the Yen and struggled against the [...]
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Dollar Falls after Bernanke’s Speech
Posted on08. Dec, 2009 by admin.
Bernanke’s speech did not hint at an estimated time of a rate increase, though one will be needed to tighten monetary policy after the excess liquidity provided by the central bank during last year’s financial crunch. The U.S. economy is still in recovery mode with high unemployment at 10%. At this point in time, inflation [...]
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Dollar Declines as Concerns over Dubai Ease
Posted on01. Dec, 2009 by admin.
The Dollar declined slightly against higher yielding currencies in today’s early trading as concerns over credit losses in Dubai eased and better than expected economic data signaled the global economy is on the way to recovery, boosting demand for riskier assets. The Dollar weakened to $1.5013 per EUR from $1.5005 yesterday in New York. The [...]
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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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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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Dollar May Slide Further On Global Optimism
Posted on20. May, 2009 by admin.
The U.S Dollar declined Tuesday against its major counterparts after a report from the U.S. Commerce Department said new construction of houses fell to a record low in April. The USD traded at $1.3630 per EUR after falling 0.5% yesterday. Against the Yen the U.S currency was at 95.94 after decreasing 0.3%. Analysts said that [...]
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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 [...]
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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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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 [...]
