Tag Archives: usd to gain strength
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. [...]
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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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USD Moves Up against Rivals
Posted on20. Apr, 2009 by admin.
After ending last week slightly higher versus most of its currency counterparts, the USD began this week’s trading with a continuation of its recent uptrend, appreciating against every currency rival except the JPY. Dropping below the 1.3000 level against the EUR this morning, and near 1.4700 against the Pound, the Dollar’s strength appears to be [...]
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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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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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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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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 Rises on Risk Aversion
Posted on13. Jan, 2009 by admin.
Trader’s aversion to risk has continued to push safer currencies higher as global equity markets continue to trend lower. Both the Nikkei and Dow Jones Industrials ended lower yesterday and that has been influencing the currency markets. The financial markets show the concerns of a global recession. Traders have been unraveling riskier investments financed with [...]
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Obama’s Stimulus Package Puts USD in a Position to Make Gains
Posted on07. Jan, 2009 by admin.
The U.S. currency has recently advanced versus 14 of its 16 most actively traded counterparts and may extend its near-term gains; even further especially against the EUR which appears to be quite vulnerable. The Dollar rose yesterday to 93.60 Yen from 93.44 Yen, and against the EUR it raised to 1.3504, the highest level since [...]
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USD Forecast to Gain Strength despite Upcoming Negative News Week
Posted on01. Dec, 2008 by admin.
Starting the week on a positive note, the U.S. Dollar made small gains across the boards during today’s early trading hours. Closing last week against the EUR at 1.2691, and 1.5367 against the British Pound, the USD now sits near 1.2650 and 1.5310 respectively.
While not a significant price move, it nonetheless supports the notion of [...]
