Posts Tagged ‘ dollar ’
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
The dollar is going to end this week trading near neutrality versus the euro as several days of alternating risk appetite and aversion moved markets both ways during the past 5 days. Today, better than expected employment data in the U.S. allow the dollar to end this week trading with a slight advantage versus the euro in the weekly comparison. EUR/USD currently trades at 1.3617. Nonfarm payrolls were at -36k in February from a previous [ READ MORE ]
The U.S. dollar traded higher against all of the major currencies ahead of Friday’s non-farm payrolls report. The strength of the dollar reflects the market’s relief that any increase in job losses in February will be reversed in March. There has been a lot of chatter about how the two snowstorms in the [ READ MORE ]
The U.S. dollar is trading sharply higher against the euro and Japanese Yen ahead of Friday’s non-farm payrolls report. [ READ MORE ]
Thanks to the better than expected U.S. non-farm payrolls report, the sun is shining brightly on the financial markets. Equities rose to their highest levels in more than a month while the dollar saw its strongest performance against the Japanese Yen since early December. The improvement in risk appetite helped to drive currency traders [ READ MORE ]
Non-farm payrolls fell by only 36k in February sending the U.S. dollar into the stratosphere. With economists looking for job losses to swell by as much as -150k, the smaller decline turned out to be very positive. [ READ MORE ]
Dollar strengthened against the yen on reports that Bank of Japan may increase its quantitative easing program in April from the current level of 10 Trillion yen. Japan’s three month Libor rates dipped below the US equivalent prompting a further rally in USD/JPY to 89.40. [ READ MORE ]
It’s still anyone’s guess as to if and when China will allow the Yuan (RMB) to continue appreciating. You can see from the chart below – which shows the trading history for the RMB/USD December 2010 futures contract – that expectations of revaluation have eroded steadily since December 2009. At that time, it was projected [ READ MORE ]
The dollar continued to fall versus the euro this Wednesday despite positive data provided by the monthly ISM non-manufacturing report, as, once again, news involving Greece are the main factor influencing the EUR/USD currency pair’s trend, this time, on the euro’s side as Greece showed a new series of measures to tighten its budget deficit, which were received positively by traders. EUR/USD is currently at 1.3653. Nonfarm payrolls were at -20k in February [ READ MORE ]
The Bank of Canada backed off their pledge to leave interest rates unchanged until June, sending the Canadian dollar sharply higher. [ READ MORE ]
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