Posted by R. MAK. on December 20, 2009 ·
The policy makers affirmed that interest rates may not increase further in the short term, this decreased attractiveness for the Aussie dollar in currency markets. In this week a significant decline has been recorded in the Australian dollar and it may extend its losses against currencies like…
Posted by R. MAK. on December 18, 2009 ·
Early Friday in New York the dollar rose to its highest rate in almost two weeks against the yen after that the Bank of Japan renewed its pledge to fight deflation….
Posted by R. MAK. on December 17, 2009 ·
On Thursday the dollar surged to a three-month high Vs a currency basket, buoyed by an upbeat tone from the Federal Reserve, while on fresh concerns about Greece’s waning fiscal health the euro…
Posted by R. MAK. on December 14, 2009 ·
On Monday after Dubai’s announcement that it had received help from Abu Dhabi to repay its debts improved risk appetite and reduced some of the U.S. currency’s safe-haven appeal and as a result of this, the euro has shown a rise versus…
Posted by R. MAK. on December 4, 2009 ·
On Friday as investors waited for the U.S. government’s monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy so, the dollar was slow versus a basket of major currencies.In November the U.S. economy lost 130,000 jobs, as compared to…
Posted by R. MAK. on December 3, 2009 ·
After that The European Central Bank President Jean-Claude Trichet expressed support for a strong dollar and as he announced small steps toward the withdrawal of extraordinary liquidity measures, the dollar recovered from near 16-month lows against the euro. European Central Bank President’s Statement It has been said by Trichet that the euro zone had a [...]
Posted by R. MAK. on December 1, 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…
Posted by R. MAK. on November 30, 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…
Posted by R. MAK. on November 27, 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…
Posted by R. MAK. on November 26, 2009 ·
When we are talking about taking a position in the dollar, then it is important for the currency trader to assess the different factors that affect the value of the dollar so that the trader may be able to determine a direction or trend. We can divide that methodology into three groups…
