Tag Archives: Usd Stabilize
Dollar Continues to Strengthen
Posted on14. Dec, 2009 by admin.
The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the 1.460 level. The Dollar also strengthened against the Pound.
It seems that the main reason for the Dollar’s bullish trend is the positive data coming out of the U.S economy. [...]
Continue Reading
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 [...]
Continue Reading
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 [...]
Continue Reading
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 [...]
Continue Reading
USD Stabilizes against Major Currencies
Posted on24. Nov, 2008 by admin.
The past week has proven that the greenback is consolidating at its current levels against the major currencies. However, the USD is constantly attempting to break through these current levels and it appears that a bullish breach seems far more likely than a bearish one.
Last week was filled with negative data from the U.S economy. [...]
