English 
简体中文 Dollar selling continued this week, but the pair had a hard time clearing the 1.5850 resistance level on the way to challenging the 1.5900 all time highs. Perhaps the bears are starting to run out of steam. Certainly the economic data gave them little to chew on this week. Overall the results were mixed as [...]
Archive for March, 2008
What is U.S. Dollar Index?
Source: FXStreet The U.S. Dollar Index (USDX®) is an index of the of the United States dollar relative to a basket of foreign currencies. The USDX® is a weighted geometric mean of the dollar’s compared to the Euro (EUR), Japenese yen (JPY), Pound sterling (GBP), Canadian dollar (CAD), Swedish krona (SEK) and Swiss franc (CHF) [...]
Honda of Mizuho Sees Dollar `Bounce' in Next Six Months
Hidetoshi Honda, a currency strategist at Mizuho Corporate Bank Ltd., talks with Bloomberg’s John Dawson and Naga Munchetty in London about the outlook for the U.S. dollar, Japan’s economy and his strategy for the rand and yen. The dollar has fallen 7.6 percent against the euro this year, heading for its sixth straight quarterly loss [...]
Gold below 1-week high, focus on dollar and oil
via ninemsn SINGAPORE, March 28 (Reuters) – Gold dipped on Friday after the dollar rose on a government report showing the U.S. economy grew in line with market expectations in the fourth quarter, but surging oil could offer support. — Gold eased to $948.80/949.60 an ounce from $951.80/952.60 an ounce late in New York. Gold [...]
Closing Market Update: Canadian Stocks Outperform, Euro Posts Solid Gains
via Canadian Economic Press 16:40Â 03/25 (CEP News) Montreal â Canadian government bonds underperformed Treasuries after economic data painted a divergent picture of North Americaâs two largest economies. Statistics Canada reported an unexpected surge in retail sales while U.S. consumer confidence tumbled and home prices plummeted. Canadian retail sales excluding autos were expected to increase 0.5% [...]
LGT's Grosehodge Sees Euro Extending Gains Against Pound
The dollar fell the most against the euro in two weeks on speculation industry reports will show U.S. consumer confidence dropped to a five-year low and the housing slump deepened. [youtube:http://www.youtube.com/watch?v=z-ZBn8jGJJY]
What to Expect for the US Dollar
via DailyFX Markets around the globe were closed for Good Friday which led to zero volatility in currencies. After a week of wild swings, the quiet trading gives everyone an opportunity to think about what could impact the US dollar in the week ahead. Banks have not been shy about tapping into the Fed’s new [...]
Naomi Fink, Senior Currency Analyst from Bank of Tokyo-Mitsubishi UFJ sees U.S. Dollar Resuming Decline Against Yen, Euro
[youtube:http://www.youtube.com/watch?v=obT65iZfxfk]
Dollar Heads for Weekly Advance on Less-Than-Expected Fed Cut
Source: Bloomberg March 21 (Bloomberg) — The dollar headed for a weekly advance against the yen and the euro after the Federal Reserve lowered interest rates less than expected, helping preserve the appeal of U.S. assets. The dollar rebounded from a record low against the European currency after Goldman Sachs Group Inc. and Lehman Brothers [...]
