Category | Forex News

Improvement in Economic Outlook leads towards Dollar’s Decline

Posted on 01 December 2009

As positive euro-zone economic data, easing concern over the Dubai debt crisis and rising global equities helped swing investor sentiment in favor of riskier assets so the dollar declined against the euro on Tuesday…

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Dollar Reduced its Losses As Dubai Debt Fears Remain

Posted on 30 November 2009

On Monday morning in New York the dollar recovered some of its earlier losses as investors continue to fret over Dubai’s debt crisis despite of the United Arab Emirates’ move of providing funds to local banks. On the day the U.S. currency remains down against…

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Dollar jump on Dubai Debt Worries, but Markets remained calm

Posted on 27 November 2009

On Friday the yen hit a 14-year high against the dollar and it rallied broadly, while the dollar climbed against most other currencies as carry trades and risk exposure were cut down by the investors on concern about Dubai’s debt problems. However, by mid-session in London, exchange rates had recovered some…

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Dollar Still Rising On Dubai, Intervention Worries

Posted on 26 November 2009

On Thursday the dollar is still rising after midday in Europe. There are currently two factors that are driving this rise in dollar. One is the fear of a debt default by Dubai World and the other is talk of intervention by the Bank of Japan and suspected intervention by the Swiss National Bank. This has reversed the dollar’s recent sharp fall which took it down to a…

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Dollar slides as U.S. data, Rate Outlook Improved

Posted on 25 November 2009

As the decline in weekly jobless claims and a rise in personal consumption improved the outlook for the U.S. economy, the dollar fell to a fresh 15-month low against a basket of currencies on Wednesday. Traders had earlier sold the dollar across the board, which results in pushing the dollar to a 10-month low against the yen, as it has been showed by…

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Euro gained against dollar after firmer German Ifo

Posted on 24 November 2009

On Tuesday the euro rise against the dollar, reversing earlier losses as a firmer-than-expected German sentiment survey offset concerns about the country’s banking sector.A bigger-than-expected rise in the German Ifo November business climate index has helped the euro. The index rose to…

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Euro Hovers Near $1.50 As Risk Is Back On

Posted on 23 November 2009

On Monday the euro has shown some advancement, hovering near the $1.50 level in New York trading as demand for the greenback has been hurt by the comments from a Federal Reserve official. The remarks helped in encouraging a broad rally in global stocks, oil, gold and higher-yielding currencies that reversed…

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Canadian Dollar dropped down as Stocks fall on Concern Rally Overdone

Posted on 22 November 2009

The Canadian dollar has drooped down against 13 of its 16 most-traded counterparts and it has gained only against the currencies of New Zealand, Australia and South Africa. The U.S. dollar has shown a rise against all but two major currencies as…

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British pound becomes week on Budget Deficit

Posted on 21 November 2009

As the U.K. posted its worst deficit figures since the measurement start, the pound had a negative week against the U.S. dollar. This has decreased the attractiveness for the British currency which has performed positively in the week…

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Dollar gains; higher-yielding currencies lose shine

Posted on 20 November 2009

On Friday the dollar rise, giving an extension to the previous day’s gains as investors retreated from riskier assets, taking the shine off higher-yielding currencies such as the Australian dollar.Today Tokyo’s Nikkei average fell 0.5% and after the U.S. S&P 500 index suffered its worst one-day percentage fall in three weeks on…

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