Posts Tagged ‘ greenback ’
It was comeback day for the greenback, which rose strongly against the Japanese Yen, Swiss Franc and Canadian dollar. Even though the euro, Australian and New Zealand dollars ended the day unchanged against the buck, an intraday U.S. dollar rally forced higher yielding currencies to give up nearly all of their earlier gains. [ READ MORE ]
U.S. equities turned positive, erasing triple digit losses in the second half of the NY trading session. The improvement in risk appetite also extended to currencies as safe haven flows eased out of the U.S. dollar. The British pound, Swiss Franc and commodity currencies benefitted from the weakness in the greenback. [ READ MORE ]
It has been a quiet start to a busy trading week with equities consolidating after Friday’s sharp losses and the dollar trading mixed against other major currencies. The greenback strengthened against the pound, Japanese Yen, Canadian and New Zealand dollars but weakened against the euro and Australian dollar. [ READ MORE ]
Currencies were well matched in a tug-of-war that gave little way by the end of trading. Despite the fact that we saw a lot of data released today, traders seemed unconvinced one way or another. Even though the dollar was stronger against most currencies, gains were so small that it would be hard to suggest [ READ MORE ]
The euro managed to rise against the dollar for a second day as stocks and commodity prices rise. The statement of Federal Reserve Chairman Ben Bernanke that the U.S. economic recovery is restrained by the housing and commercial real-estate markets haven’t supported the greenback either. EUR/USD trades near 1.2050 now. Wholesale inventories posted an increase… [ READ MORE ]
Although the U.S. dollar ended the NY trading session weaker against all of the major currencies, the reversal in the stock market has helped the greenback recover part of its earlier losses against the euro and Comm dollars. Having been up as much as 120 points during the first half of the U.S. trading [ READ MORE ]
Comments from Fed officials, expectations for non-farm payrolls and continued concerns in Europe have driven investors back into U.S. dollars. The greenback traded higher against every major currency including the euro which has once again found itself at risk of testing the 1.20 level. [ READ MORE ]
The greenback staged a nice comeback today, rising against nearly all of the actively traded currency pairs. The only exception was a slight gain in the Canadian dollar. Otherwise, the aussie, kiwi, euro, pound, and even the yen were unable to fend off demand for dollars. Along with the rally in the dollar came an [ READ MORE ]
Everything in forex is relative, right? Actually, it turns out this adage is wrong, as there is now a way you can short the entire forex market! I’m not talking about some innovative new financial product that you’ve never heard of, but rather something that everyone already knows about: Gold. Before you accuse me of sounding [ READ MORE ]
The sell-off in U.S. equities forced currencies to give up their earlier gains. Stocks fell steeply after Standard & Poor’s slapped a sell rating on Goldman Sachs as the scrutiny of the investment bank intensifies along with fears that the bank could come under a criminal investigation. Although the problems for Goldman are [ READ MORE ]
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