Dollar

Dollar Falls Against the Euro on Increased Risk Appetite

The US dollar fell from a three-week high against the euro as a gauge of US manufacturing showed the economy is gaining momentum. This dampened the demand for safety increasing risk appetite in the market...

Bernanke Defends the Bond-Buying Program as Volcker Says Inflation is Reversible

Federal Reserve Chairman Ben S. Bernanke defended the unprecedented quantitative easing program as he spoke about the Fed’s decision for the first time since it was announced in September 13...

Major Reports this Week

As the global economic growth seems to falter, investors are seeking safety, which has forced safe haven currencies such as the yen and the dollar to strengthen. The last quarter favored commodity related currencies but as global central banks makes efforts to avert a global recession, safe haven currency will gain in the fourth quarter. Here are some of the events that will affect the market this week...

Technical Analysis For Major Pairs

The US dollar made an advance against major currencies last week but declined on the quarter. Concerns about global growth have intensified, forcing investors to look for safe haven currencies. Major reports this week are expected to shape the market as the week starts. Here is a brief technical analysis for major pairs in the market...

US Dollar has Dropped in Third Quarter on Global Central Banks’ Actions

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Global central banks have added stimulus in their respective economies to spur growth. The European Central Bank have decided to start a bond buying program aimed at helping struggling countries to protect the borrowing cost...

Loonie Makes Biggest Quarterly Advance against US Dollar Since 2010

The Canadian dollar made the biggest quarterly advance against the greenback after global central banks added stimulus to spur global economic growth, spurring the demand for riskier assets...

Dollar Declines on Waning Safety Demand as China Adds Stimulus

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The greenback depreciated against most major counterparts as Asian stocks were spurred by the additional stimulus made by China. The demand for safe haven reduced after Chinese Central Bank added enormous amount of money in the market to spur growth it the country...

Pound Up To One-Year High Against the Dollar on Improving Economy Signs

The sterling pound increased towards one-year high against the greenback after UK industry report showed that mortgage approval increased last month. Speculation is high that the UK economy is improving hence pushing the pound high against the dollar, euro and yen...

Philly Fed President Pessimistic of Bond Buying Program

Charles Plosser, the Federal Reserve Bank of Philadelphia President, has expressed pessimism in the ability of the bond buying program announce by the Fed to spur economic growth and employment in the country...

USD/CHF: Technical Analysis

The Swiss franc was down last week against the greenback as traders opted for the safety of the dollar over the Swiss franc. However, the cross remained relatively stable as US produced mixed reports last week. There are three major reports from Switzerland which are expected to influence the market....

 

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