Pound:
The pound recovered yesterday afternoon significantly against a basket of currencies including the Euro and USD trading up over 1% in a matter of a few hours. Sterling took full advantage of end-of-year flows in the last full trading day of the year amongst thin trading volumes (little market activity). Extremely small volumes of trades
Pound:
The pound although trading in a quiet part of the year has stayed within similar ranges against the Euro and made some small gains against the USD at the same time as losing out against a strong “aussie”. The UK newspapers (in this subdued stage of the year) including the Telegraph, Times and Guardian have
US Dollar:
The Dollar continued to trade in tight ranges against other majors this morning. A brief reprieve to recent Dollar strength against the Euro and Sterling is expected to be short lived, as optimism that the U.S recovery will accelerate into next year should continue to underpin buying interest in the greenback. The first batch
US Dollar:
USD continues on the front foot against the majors including Euro and Sterling as traders give the U.S currency the edge in coming sessions heading into 2010. Expectations of U.S interest rates and a relatively poor economic climate in Europe have all boosted the Dollar, as well as investors closing out their riskier positions
US Dollar:
The Dollar is continuing to show who is boss in the currency markets and the expense of the Euro and pound. “The stars are aligning a little bit for dollar strength more so than they have in the (recent) past,” said John McCarthy, manager of currency trading at ING Capital Markets in New York.
US Dollar:
The Dollar maintained its good run against Sterling and the Euro this morning as concerns over the debt burdens of Greece and other euro-zone countries are weighing on some riskier currencies and encouraging flows back into the Dollar. “I think, overall, the dollar is still the main safe-haven currency in the world,” said David
US Dollar:
The Dollar maintained its strength against Sterling and remained in tight ranges against the Euro this morning as investors have finally seemed to made up their minds that the U.S is leading others out of the recession. A surge in Dollar buying yesterday helped the currency consolidate its gains over the other majors, with
US Dollar:
The Dollar was up on a three month high against the Euro this morning after concerns over European bond markets and the slightly hawkish U.S FOMC statement last night. Many traders see a further fall imminent on EUR/USD if December’s Philadelphia Fed manufacturing Index due later today is better than expected.
Traders have been
US Dollar:
The Dollar held firm against the other majors this morning as expectations that the Fed may provide a more optimistic outlook for the U.S economy grew after better than expected U.S industrial production data for November. In regards to the Federal Open market Committee (FOMC) statement due today, many expect little change in its
US Dollar:
The US Dollar was performing well against the Euro and Sterling and holding steady in tight ranges this morning before a raft of U.S data is released including industrial production and housing market figures, as well as the Fed Reserve’s two day policy meeting that ends tomorrow. If the economic data comes in better