U.S. Dollar Rallies; Boosted by Risk Aversion, Weak U.S. Employment Outlook

The U.S. Dollar Index made a new high for the year, boostedby the sharp sell-offs in the Euro, British Pound and the commodity-linkedcurrencies. Gains were limited slightly by the rise in the lower-yieldingJapanese Yen. The U.S. Dollar Index made a […]

Continue Reading...

Euro Drops to 4-year Low ahead of U.S. Jobs Data

After holding steady for a few days, the Euro plungedthrough the recent bottom to post a 4-year low. This morning’s move came as asurprise to many traders who

USD JPY Breaking Out to Upside

The USD JPY is trading sharply higher, strengthened bygreater demand for risky assets and on speculation that the next prime ministerwill favor a weaker currency. The USD JPY is

U.S. Dollar weakens as Investors put Risk Back on the Table

The U.S. Dollar finished the day down against most majorcurrencies with the exception of the Japanese Yen. Low volume ahead of Friday’sU.S. Employment report may have contributed to

U.S. Dollar Soars as Prime Minister Resignation Shakes up Japanese Yen

The Japanese Yen is the featured currency today. The Yen istrading lower, pressured by the news of the resignation of Japanese PrimeMinister Hatoyama. Traders are dumpingthe currency which

U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

The U.S. Dollar finished the first full session back fromthe holiday week-end by posting gains against most major currencies. Riskaversion was the theme today as traders punished the

U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

The U.S. Dollar finished the first full session back from the holiday week-end by posting gains against most major currencies. Risk aversion was the theme today as traders

British Pound Soars on Speculation

The GBP USD soared 1 percent Tuesday morning boosted byspeculation that U.K.insurer Prudential may withdraw its takeover bid of AIA. The GBP USD soared 1 percent Tuesday morning boosted

U.S. Dollar Wavering in Thin Holiday Trade

The U.S. Dollar is trading higher at the mid-session afterwavering for most of the morning. Thin holiday trading is the reason behindinvestor indecision today. Thursday’s action was most

U.S. Dollar Trading Mixed; Euro Settling into Range

The U.S. Dollar is trading mixed against most majorcurrencies ahead of the U.S.three-day week-end. The Dollar was under pressure early in the session afterthe Euro and British Pound