by R. MAK. on November 23, 2009 · 0 comments
in Business, Currency Trade, Economic Conditions, Forex Market, Forex News, Forex trading, News, Trading, currency, economy, gold prices
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.
Greenback’s gains reversed
The remarks helped in encouraging a broad rally in global stocks, oil, gold and higher-yielding currencies that reversed the greenback’s gains from late last week.
Position of Major Currencies
In New York on Monday morning, , according to EBS via CQG the euro was at $1.4988 from $1.4851 late Friday. It has been noted that the dollar was at Y88.80 from Y89.00, whereas the euro was at Y132.97 from Y132.26. The U.K. pound was at the position of $1.6621 from $1.6491. The dollar was at CHF1.0089 from CHF1.0183.
The Dollar Index
The Dollar Index, was at 75.024 from 75.647. This index tracks the greenback against a trade-weighted basket of six currencies.
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by R. MAK. on October 12, 2009 · 0 comments
in Business, Currency Trade, Forex Basics, Forex Market, Forex News, Forex trading, News, Trading, currency, gold prices, investment
On Monday, the dollar gained for the second straight session against the yen, as today it has raised to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though there are some investors that remained cautious.
Data last week showed that large dollar short positions has been held by speculators.
Pound Wallowed against both the euro and dollar
After a a report said British interest rates would stay at rock-bottom levels for some time the pound wallowed against both the euro and dollar.
Dollar was 0.2% higher at 89.98 yen JPY=
In early New York trade, compared with late Friday’s levels the dollar was 0.2 percent higher at 89.98 yen JPY=, after rising to 90.46 yen, which is the highest since Sept. 25.
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