Posts Tagged ‘ dollar ’

USD: Fed Sees More Pain

Currency traders dumped the dollar today after a weaker than expected retail sales report and renewed pessimism from the Fed. Despite a pickup in the equity market into the June FOMC meeting, a rather abysmal employment report that showed only a 33k increase in private sector payrolls out of 433k new jobs, forced the [ READ MORE ]

Dollar Poised for Further Losses After US Data

Forex traders have continued to dump the dollar after the first set of U.S. economic reports showed additional weakness in the U.S. economy. [ READ MORE ]

Japanese Yen and the Irony of Debt

Since my last update in June, the Japanese Yen has continued to creep up. It has risen a solid 5% in the year-to-date against the Dollar, 12% against the Pound, and an earth-shattering 20% against the Euro. It is closing in on a 15-year high of 85 Yen/Dollar, and beyond that, the all-time high of [ READ MORE ]

EUR/USD Goes Up as Focus of Concerns Shift from E.U. to U.S.

EUR/USD currency pair went up, following two days of losses, after Greece auctioned its debt, despite it fell at the star of trading session as Moody’s Investor Service has cut Portugal’s credit rating. Widening U.S. trade balance deficit hadn’t helped the dollar to outperform the euro. EUR/USD trades… [ READ MORE ]

USD: Fundamentals Or Risk

It has been a very quiet day in the currency and equity markets with the dollar trading slightly higher against most of the major currencies. Although trading tends to wind down during the summer, the lack of volatility in the financial markets cannot be completely attributed to the summer doldrums. It is a [ READ MORE ]

Forex: 5 Things to Watch this Week

The lack of U.S. data this morning has made for a quiet North American open that has the dollar unchanged or stronger against most of the major currencies. China reported very strong export figures on Saturday but the thi [ READ MORE ]

US Apathetic about Dollar

Recently, it struck me: the US does not care about the Dollar. If you look at fiscal and monetary policy, there is actually a remarkable degree of consistency. Both reflect a clear disregard for the conditions that are necessary for a strong currency. This might seem ridiculous, given the Dollar’s amazing performance of late. It has [ READ MORE ]

New Zealand Dollar Thriving in Obscurity

It’s understandable that forex investors basically ignore New Zealand. Its economy is around 10% the size of its neighbor Australia, its currency is less liquid, and spreads are higher. Given that its performance closely tracks the Australian Dollar, meanwhile, why pay it any attention? To be sure, the new currencies from Down Under trade in virtual [ READ MORE ]

US Dollar Paradigm Shift

Since the inception of the financial crisis, the Dollar has been treated as a safe haven currency. Simply, when there was a surge in the level of risk-aversion, the Dollar rose proportionally. When risk aversion gave way to risk appetite, the Dollar fell. It was as simple as that. Lately, this notion has manifested itself in [ READ MORE ]

USD: Whats Behind The Optimism?

The continual improvement in risk appetite helped currencies and equities extend their gains. For the second day in a row, the Dow Jones Industrial Average traded above 10,000 while the euro rose to a fresh 7 week high against the U.S. dollar. Over the past month, currency pairs such as the EUR/USD and [ READ MORE ]

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