Tag Archive
Dollar, euro both slip lower
The U.S. dollar kicked off the year with mild losses during holiday-thinned volume, though the currency managed to edge higher against the euro. The dollar index, which tracks the U.S. unit against six other currencies, slipped to 80.178 during Asian trading hours Monday, down from 80.289 late F… read full news Published: Mon, 02 Jan… »
US moves boost NZ stocks, dollar
New Zealand shares snapped their steepest plunge since late 2008 and the kiwi dollar advanced after the US Federal Reserve vowed to keep interest rates near zero for two years to support the world’s biggest economy. The benchmark NZX 50 climbed 3.3 per cent to 3200.32 on turnover of almost $69 mi… read full news… »
Gold Tops $1,500 on Outlook for Escalating U.S. Debt, Dollar
Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment. The greenback dropped against a basket of six currencies following Standard & Poors revision yesterday of its long-term rating of U.S. debt to negative from stable. Investors are… »
The Euro Strikes Back – US-FOREX.US
The euro-zone has hit back at the dollar’s recent gains with the out-of-left-field announcement that its economy barely contracted between April and June.On Thursday the 16-member euro zone reported its gross domestic product fell by only 0.1% during the second quarter, a significant improvement from the 2.5% drop it recorded in the first. The news… »
Euro Losing Friends – US-FOREX.US
The Euro is losing its friends, said Andrew Wilkinson, a senior market analyst at Interactive Brokers Group, and could fall as low as 1.33 by the end of the summer.The argument for the euro has centered on the Eurozone’s tempered measures in stimulating its economy, at least compared Britain and the United States. Many on… »
Dollars Long-Term Troubles – US-FOREX.US
The economy is improving, but Jessica Hoversen, a foreign exchange and fixed-income futures analyst at MF Global, warns that the currency market may have already overextended itself in the short term, while long-term trends endanger the U.S. dollar.Hoversen looked at the ISM and nonfarm payroll numbers during economic downturns. Following historical trends found that the… »
Good News Dollar Down – US-FOREX.US
Investors pulled their money out of the safe-haven dollar and bought some commodities Monday, as the market’s capricious compass pointed in an optimistic direction.Kevin Chau, a foreign exchange strategist at IDEAglobal, said the potential survival of CIT Group aided the atmosphere. The greenback fell against a basket of currencies, as traders were exchanged euros for… »
How Much Bang For Your Buck – US-FOREX.US
Renewed economic pessimism fueled gains for the dollar and yen on Monday, but the greenback’s supremacy is still being questioned.”The U.S. dollar and yen have been absolutely soaring against the euro and Sterling since trading resumed [Sunday],” said Dan Cook, chief market analyst at IG Markets, a European-based Forex and foreign exchange derivatives trading outfit…. »
Stocks Surge Across Asia – US-FOREX.US
HONG KONG – Merger news in Japan and a weaker yen boosted the Nikkei benchmark to gain the most in more than a month. Seoul shares also climbed over 2% after the government said the South Korean economy would not shrink as much as its initially forecast. South Korean Finance Minister Yoon Jeung-hyun said on… »
Asian Stocks Surge – US-FOREX.US
HONG KONG – Even though the U.S. Federal Reserve overnight concluded its two-day interest rate meeting with a cautious tone, Asian stocks surged across the board on Thursday. Japanese manufacturers climbed on a weaker yen and overseas expansion, while Australian investors were happy to see the International Monetary Fund has revised up its economic forecast… »