U.S. Dollar Support Continues to Erode

Support for the U.S. Dollar continued to erode this morning collapsing the Dollar Index to near last week’s low at 74.27. A break through this level sets up a further decline to 73.67. Support for the U.S. Dollar continued to […]

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U.S. Dollar Barely Holding onto Gains

The U.S. Dollar gave back over 50% of its early morning gains as investors took profits after a strong two-day rise. The U.S. Dollar gave back over

Risk Aversion Supporting Dollar

Weaker U.S. equity markets are helping to prop up the Dollar as traders have become more risk averse to higher yielding assets. Weaker U.S. equity markets are

U.S. Dollar Bottoms after Existing Home Sales Report

After early morning weakness plunged the Dollar toward last week’s low at 74.75, shorts began covering their positions when the U.S. reported better than expected existing home sales. After

Dollar Rises as Investors Cut Exposure to Higher Yielding Assets

The U.S. Dollar is up sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets. The U.S. Dollar is

Dollar Rallies as Demand for Risk Falls

The U.S. Dollar is trading higher against most major currencies this morning with the exception of the Japanese. The U.S. Dollar is trading higher against most major

EUR USD has Green Light to Test High for Year

At the mid-session, the EUR USD is posting a large gain. Yesterday’s supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s