The USD rose to its highest level in 2 years against all of its major currency counterparts on speculation that the U.S. government would pour a further $30 billion into American International Group (AIG), fuelling safety buying...
Today’s US Dollar Trading • USD mixed to start Asia, firms in Europe• BOK sells USD to support WON• Stops in-range in most pairs, tech trading dominates
The USD may continue to strengthen on global economic weakness. As equity markets maintain their bearish momentum, the Dollar has shown considerable strength. The trend of buying Dollars over other major pairs could continue into this week...
President Barack Obama’s announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow...
Despite forecasts for a depreciation of the Dollar, many economists are now saying that the negative housing data released from the United States yesterday may actually bolster the USD. These contradictory claims are a result of the...
Addressing Congress yesterday, President Barack Obama made an effort to boost confidence in the economy by stating that America could recover and emerge from this crisis stronger than ever. His recent stimulus plan, he says, is meant...
The EUR/USD saw extremely high price volatility yesterday. When the pair reached its intra day high which coincided with the opening the New York trading session, it depreciated to its opening price for the day. Driving the...
The U.S. Dollar is increasingly being chosen over the Yen as the choice currency during times of heightened risk aversion. The contracting global economy helped to strengthen the Dollar yesterday as the Yen begins to lose favor...
Today’s US Dollar Trading • TICS shows coverage, weak Empire fails to discourage USD bulls• USD holds gains but volumes are lower• Majors hold key support initially
Following the signing of President Barack Obama’s economic stimulus bill yesterday, the USD made modest gains against most of its currency rivals. In expectation of today’s housing data, the USD may continue to strengthen unless this news...
