The Dollar moved sharply higher as the Federal Reserve held its benchmark interest rate at a historic low while it is exploring other alternative methods for fixing the American economy. The passage of Barack Obama’s economic stimulus...
Today’s US Dollar Trading • USD starts better in Asia, gives back gains in New York• Some whipsaw seen on light stops and thin conditions• Most eyes focused on FOMC tomorrow
Today’s US Dollar Trading • USD fails to hold overnight gains, Swissy makes lows late• Volumes thinner but better into the lows• Two-way action evident but stops and short-covering drive trade
The Dollar has strengthened in early trading as last week’s worries of fundamental weakness in the European and British economies continue. Will the Dollar further appreciate as the appetite for riskier currencies dwindles?
Today’s US Dollar Trading • USD rallies early; reverses hard after the London fix• Traders note solid two-way flows and good bids in GBP• Volumes a bit better suggesting late shorts active
Today’s US Dollar Trading • USD holds gains amid whipsaw• GBP holds above 1.3900 into the close• Equities drop, volumes light
Yesterday marked the inauguration of President Barack Obama to the White House in Washington D.C. While markets anticipated this event with moderate volatility throughout the prior week, the event had little impact on previous market trends. The...
Overnight Asia/Europe • USD firms as Russians support Ruble• GBP under pressure to new lows• Volumes remain thin ahead of inauguration
The Dollar has been loosing ground as investors are looking for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets. The focus is now on...
Analysts expect the Dollar to maintain its strength as global investors continue to see the American currency as a safe haven. Today, traders are advised to follow the Core CPI and Consumer Sentiment figures from the U.S....
