Tag Archives: Usd Recovers
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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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 [...]
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Dollar Fundamentals May Generate High Volatility Today
Posted on25. Feb, 2009 by admin.
The greenback completed yesterday’s trading session with mixed results versus the major currencies. The USD fell against the EUR yesterday, pushing the oft-traded currency pair to 1.2866. The dollar experienced similar behavior against the CHF as the pair dropped from 116.70 to 115.80 by day’s end. The USD did see some bullishness as well as [...]
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U.S. Dollar Sees Strong Recovery after Economic Stimulus Bill is Approved
Posted on16. Feb, 2009 by admin.
The U.S. Dollar opened this week with a dramatic jump in the right direction. Gaining strength against every major currency, except the JPY, the greenback has been benefiting heavily from the passage of last week’s economic stimulus bill, which is due to be signed by President Obama this Tuesday. Closing last week against the EUR [...]
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Dollar Strengthened by Fed’s Statements
Posted on29. Jan, 2009 by admin.
Yesterday’s trading was highlighted by the Dollar’s rally across the board after the release of the Federal Reserve’s statement on Wednesday afternoon during the New York trading session. The greenback jumped against the EUR with the pair plunging below a significant support level of 1.3100. The Dollar also reversed most of its downward momentum against [...]
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USD Recovers from Mid-Trading Day Losses and Gains on Stock Slide
Posted on20. Nov, 2008 by admin.
The USD experimented with a choppy trading session against its main currencies rivals yesterday, amid a slide on worldwide stocks. The market fluctuations were conditioned by a fall on Wall Street, which saw stocks plunge to their lowest levels since 2003. There was also a fall in shares in the auto industry threatening bankruptcy in [...]
