Posts Tagged ‘ world ’

US Dollar: Same Old Story

These days, it’s hard to offer a fresh perspective on the Dollar. The factors driving its short-term momentum – namely low interest rates and its perception as a financial safe haven – have been in place for nearly a year. It’s long-term prognosis, meanwhile, also hasn’t changed much. Since the beginning of the decade, the [ READ MORE ]

Brazilian Real Nears Record High Against Dollar

The Brazilian Real has been the world’s best-performing currency against the Dollar in the year-to-date, having risen 32% through the beginning of October. At this point, a mere 8% rise would send it crashing through the high that it touched last summer, prior to the collapse of Lehman Brothers. The currency has now firmly returned to [ READ MORE ]

Interview with Howard Lindzon: “I am Optimistic About Forex”

Today we bring you an interview with hedge fund manager Howard Lindzon, author of The WallSTRiP Edge and co-founder/CEO of StockTwits. Below, Howard discusses his interest in currency trading, as well as his general approach to investing. Forex Blog: As a forex blogger, I am eager to hear how and why you developed a sudden interest [ READ MORE ]

Dollar’s Role as Reserve Currency in Jeopardy

I concluded my last post by promising to discuss the implications of a change in the status quo, regarding the Dollar’s role as the world’s reserve currency. As it turns out, the last few days have witnessed a few developments on this front. First of all, the G7 concluded its latest round of talks. Despite previous [ READ MORE ]

What Are The Implications Of A Weak Dollar

The weakness of the U.S. dollar was one of the biggest stories in the financial markets today which is quite interesting considering the fact that the dollar failed to hit a new yearly low against the 3 most actively traded currencies – the euro, British pound and Japanese Yen. Instead, the dollar dropped to [ READ MORE ]

Japan’s Economy Shows Signs of Life

Both Japanese unemployment rate and household spending improved markedly in the month of August indicating that that world’s third largest economy is slowly starting to recover from its worst recession in the post war period. Japanese unemployment receded from its record high of 5.7% set in July to print at 5.5% while household spending [ READ MORE ]

Will Verbal Intervention Lift the Dollar?

Over the past 24 hours a series of officials in both Europe and Japan voiced their support for the dollar helping to lift the currency off it recent lows. The jawboning started in yesterday in Europe when ECB President Jean Claude Trichet stated unambiguously that a strong dollar is “extremely important” for the world [ READ MORE ]

Dollar Down, Gold Up

As an unintentional extension to an earlier post (Dollar Down, Everything Else Up), I want to use this post to highlight the appreciation of gold in particular, against the Dollar. After a brief decline following the credit crisis, Gold has resumed its upward path. It has appreciated 15% year-over-year, and recently cracked $1,000/oz for the [ READ MORE ]

Will G-20 Rally the Buck?

With FOMC now out of the way and the Fed essentially guaranteeing that US rates will remain near zero for the foreseeable future, the dollar has officially taken the mantle from the yen as the world’s primary funding currency for the carry trade. This new dynamic makes the dollar even more correlated to risk appetite [ READ MORE ]

Kiwi Leads Risk FX to Record Highs

The New Zealand dollar sparked a massive rally in risk on an otherwise uneventful day when NZ Current Account deficit contracted to its smallest amount since 2004. The kiwi was also aided by news that Fonterra, the world’s largest exporter of milk raised its forecast for milk prices by 12%. [ READ MORE ]

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