US Dollar:
The Dollar has weakened further today hitting new multi-month lows against sterling to 1.6875 overnight and moving within the familiar 1.50 level against the Euro. Investors saw Monday’s rally in U.S. stocks and oil as “an opportunity to keep pressing risk-seeking ideas and trades for the near term,” said Brian Kim, a currency strategist
US Dollar:
The Dollar weakened against the Euro and Sterling this morning as global appetite for riskier, higher yielding currencies than the USD rose. A stronger demand for commodities including gold also supported the view that the world’s economy is recovering, prompting investors to pull out of the dollar and look elsewhere for investment. Recent
US Dollar:
The dollar weakened slightly against the euro this morning as Asian traders sold their positions on the U.S currency to ensure profits were maintained following its overnight rise. Optimism that the global economy recovery was recovering also weighed down on the dollar, as investors looked to buy higher yielding assets. Positive Euro zone data
US Dollar: When support for a nations currency is voiced by its country’s representatives there is usually a benefit to its performance in the markets. Not so for the dollar right now, as U.S Treasury Secretary Geithner’s suggestion that a strong dollar is good for the U.S economy fell largely on deaf ears. The problem
Read More.......US Dollar:
The dollar fell against the yen this morning even after renewed comments by U.S treasury Secretary Timothy Geithner that a strong dollar is in the country’s interest. His remarks weren’t enough to convince investors to buy the dollar, and dealers expect USD to fall further on recent news that the Federal Reserve wont increase
US Dollar:
Recent dollar strength against the euro is expected to be short lived as long term sentiment suggests investors will continue to sell off the greenback as the Fed continue their stance that rates in the U.S must be kept low to boost economic growth. Recent data from the Bureau of Labour Statistics highlighting the
US Dollar:
The Dollar was under pressure this morning, losing ground against most other currencies. A G20 meeting and U.S unemployment data maintained the view that interest rates in the U.S would stay low for a while, pushing investors to look to AUD, NZD and shares instead of the USD. Although U.S non-farm payroll data showed