The U.S. dollar dropped against the major currencies during in the first day of trading for the decade after better than expected economic numbers were released from the U.K. and the U.S. while upbeat comments from the Fed may signal low U.S. interest rates may be here to stay.
The U.S. dollar fell during the first day of trading in the new decade after the release of manufacturing data from the U.S. Institute of Supply Management. This shows the manufacturing sector grew during the month of December for the fifth consecutive month, sug... ( read more )
Posts Tagged with ‘trading’
December 28, 2009 - EUR and Crude Oil Rise on Low Volumes
During today's light trading, the EUR continues to rise against the dollar; rising to an intraday high of 1.4412 after opening today's trading at 1.4376. A lack of major news releases and low volumes have kept the EUR/USD and other major pairs trading in a tight range.
Trading during the European hours has been light due to a banking holiday in Great Britain and may have kept many major trading floors empty. Large private institutional trading desks are also thin due to the holidays. We may expect trading to be light until after the firs... ( read more )
December 24, 2009 - The USD Takes Losses Following Home Sales Report
Following a disappointing American New Home Sales Report released yesterday, the U.S. Dollar seems to have reversed course in trading against its major counterparts. Both the Euro and Yen made impressive gains against the greenback, which both seem to have held going into Thursday's trading session.
According to a new report released yesterday, new home sales in the U.S. have fallen to a 7-month low. Despite the numerous positive indicators that have been released in recent weeks regarding the U.S., investor confidence in the American r... ( read more )
December 18, 2009 - The USD Climbs to 3 Month High VS. the EUR
The dollar rallied yesterday around renewed sovereign debt fears in Greece and traders taking a hard look at when the Fed will begin to tighten U.S. monetary policy. A glut of European data releases will be driving trading into the weekend. With the holidays and New Year approaching, today's volatility may become a factor as trading desks begin to thin out.
The Dollar once again made large gains against a basket of currencies during Thursday's trading, climbing to a new three month high. Fueling the appreciation of the dollar were fears ... ( read more )
December 15, 2009 - The USD Falls on Dubai Bailout
The dollar fell slightly against the major currencies on Monday as signs of a sustained economic recovery and reduced concerns of a default in Dubai curbed demand for the U.S. currency as a refuge. The emirate's move initially prompted investors to sell the dollar and pushed up global equities on improved risk appetite.
The dollar slipped slightly against most of its major counterparts on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts. This bolstered risk appetite and eroded some of the U.S. curr... ( read more )