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....
Today’s US Dollar Trading • US data neutral to bearish for USD• USD holds gains despite two-way action• Sovereign and semi-official bids seen in EURO
Today’s US Dollar Trading • US Balance of Trade better than expected helps rally USD• Overnight volumes lighter• USD/JPY fails to follow through while other pairs fall
Over the past week, traders have witnessed a gradual depreciation in the value of the EUR. This has been brought about by negative economic news as well as the assumption that the European Central Bank (ECB) will...
