Last week, the USD went through a bullish trend against most of its currency counterparts. The greenback gained around 400 pips versus the EUR, trading at under 1.43 on Friday. The USD also saw big gains against the GBP and CHF. The USD did experience some bearishness against the JPY towards the end of the week, due worse than-forecasted economic data from the US against the JPY's positive momentum. The USD took advantage of its currency rivals' bearishness last week, as the EUR couldn't catch a break with a batch of bad economic releases. The ... ( read more )
Posts Tagged with ‘price’
September 5, 2008 - Nonfarm Payrolls On Tap
Yesterday, the greenback saw over 300 pips worth of gain against the EUR, as the cross dropped from a 1.4522 level at the beginning of the trading day, down to 1.4211 - making an 11 month low. The USD also continued its appreciation vs. the GBP; however this rally did not affect the USD\JPY pair, as the USD lost about 200 pips against the JPY.
The USD rose during yesterday's session despite some concerning data that was published from the U.S. economy. The Automatic Data Processing has announced a 33K drop forecast for the NonFarm Payrolls. ... ( read more )