Author: Forexyard.com

The US dollar strengthened considerably yesterday moving past stops during the New York trading session and dragging commodity prices lower after gold and crude oil reached new highs.

The debt concerns to arise from the euro zone over the past few trading days has put some downward pressure on the 16-nation single currency and reduced demand for other high-yielding investments.

Following last Friday’s better than expected US Non-Farm Payroll’s figure, the greenback continues to make gains against its main currency rivals. The EUR/USD pair has fallen below the 1.4000 level and is continuing its decline.

Crude oil and gold reached level highs Thursday as investors turned to commodities amid concerns over the effect of the Federal Reserve’s 600 billion quantitative easing plan on the U.S. dollar and the U.S. economy.

Thursday afternoon the Federal Reserve launched a second round of quantitative easing. The Fed announced its much anticipated decision to buy an additional $600 billion of Treasuries. Following the announcement the dollar traded near its 2010 low...

The U.S. dollar dropped against most of the major currencies, especially the euro, ahead of the Congressional Election results. The main reason for the dollar’s fall is the speculation regarding asset purchases by the Federal Reserve.

The US dollar experienced a rapid spike in this morning’s trading hours following the opening of Asian equity markets. The spike initially drew concern that an intervention by the Bank of Japan (BOJ), selling their currency against...

The US Advance GDP is the primary publication today that is set to determine the level of the dollar when the report is released at 12:30 GMT. The other main releases that are set to dominate forex...

The U.S dollar weakened for the first time in three days against the euro in overnight trading, as Asian stocks gained amid optimism the global economic recovery remains intact, damping demand for the greenback as a refuge.

The U.S. dollar gained against most of its major rivals yesterday, for the first time in three days. The dollar’s recovery came due to speculations that the Federal Reserve will increase debt purchases.