Dollar and Yen Weaken as G8 Progresses

by Lena 8. July 2009 23:42
The dollar continued to gain overnight against its major counterparts, with EUR/USD trading below important 1.39 and GBP/USD finding it hard to gain above 1.61, after new regulations and plans were introduced yesterday by Alistair Darling, concerning the banks and their survival. The reality of th... [More]

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Dollar Fights for Market Domination

by Lena 6. July 2009 23:37
As we are getting closer to the G8 meeting which will take place in Italy, the markets are in a wait and see mode, as economic conditions don’t show any real signs of improvement and economic numbers from world indexes continue to disappoint. The markets were trading mixed yesterday, with Europe and... [More]

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Dollar is Strong Ahead of G8 This Week…

by Lena 6. July 2009 01:20
The dollar has started the week strong once again, against all major currencies and especially the euro and the pound, on back of risk aversion which seems to keep haunting traders across the globe as economic conditions worsen. Stocks were down since market open and continued to do so during Europe... [More]

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Dollar Strengthening as Recession Worries Persist

by Lena 3. July 2009 00:33
The week has come to an end, with dollar strong across the board and especially the euro, as the pair fell below important 1.40, amid renewed worries about the state of global economy and the so called recovery. Stocks fell yesterday in New York, more than 200 points and Asia followed on the same no... [More]

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Euro and Pound Fight Back!

by Lena 1. July 2009 05:57
The yen has managed to lose ground against its major counterparts, with USD/JPY reaching another weekly high at 97 and EUR/JPY AT 136.50 amid good news out of China regarding its better than expected Manufacturing data. The fact that the Chinese economy has staged a recovery over the course of the... [More]

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Dollar Struggles to Remain Strong!

by Lena 30. June 2009 04:35
The dollar has started to weaken against the euro since early Asian session, with the pair finally breaking important 1.4130 at the time of writing and printing yet another weekly high at 1.4160. The dollar has been weak mainly due to the risk appetite which has been seen all across the markets and ... [More]

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Dollar Seeking Answers This Week!

by Lena 29. June 2009 03:25
Another week is starting with the dollar once again strong on Monday, mainly due to the fact that Chinese officials have announced yesterday that China is not thinking alternative currencies for now and they will stick to the dollar despite all the rumors and speculations of market participants that... [More]

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Economic Recovery and the Dollar...

by Lena 25. June 2009 04:24
Yesterday's important FOMC meeting came and gone with not so many new elements from the bank as the rates were left unchanged as widely expected and Bernanke not giving the market participants many clues as to what's next. The bank said that economic conditions have improved according to latest da... [More]

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Dollar’s Fate in Bernanke’s Hands?

by Lena 23. June 2009 06:35
The dollar is weakening once again against the euro, as traders are getting ready for the FOMC meeting and Bernanke’s speech tomorrow about the future of interest rates. Investor’s expectations for a rate hike are diminishing by the day and this is bad news for the dollar all round. Stocks are tradi... [More]

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Dollar Strong Ahead of This Week’s FOMC Meeting

by Lena 22. June 2009 02:36
Today has seen the dollar gain slightly against the euro, despite high Euro zone data and expectation of a quick recovery returning to trader's minds. The buck seems to be gaining on the back of poor economic estimates by the World Bank, which announced a 2.9% contraction in world economy. Stocks ar... [More]

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