Investors Divesting Out of Euros

The EUR USD fell to a new low for the year, in effect,wiping out the $1 trillion bet placed by the European Union over the week-end.Now that the short-term fix has been eliminated by the market action, thedowntrend can resume […]

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U.S. Debt Concerns Plague Dollar

The U.S. Dollar remained under pressure at the mid-session although up slightly from the opening. With the lack of major economic news this week, global investors are

Dollar Remains Lower as Fed Time Nears

The U.S. Dollar is still trading on the weak side at the mid-session as traders await the Fed’s monetary policy decision. The U.S. Dollar is still trading on

Jump in Industrial Output Boosts U.S. Dollar

The U.S. Dollar continues to remain firm at the mid-session. Last night the main trend turned up on the weekly chart leading to a firm opening this

Bank of Canada Announcement Sends USD CAD Soaring

This morning the Bank of Canada announced that interest rates would remain at 0.25 percent until June 2010 and that it was still concerned about the strength of

Dollar Faltering at the Mid-Session

The U.S. Dollar is trading lower at the mid-session. This market took out Friday’s high but failed to attract the buying strength it needed to drive it

U.S. Dollar Surges after Unemployment Rate Drops

The U.S. Dollar surged against all major currencies after the government reported a surprise drop in the unemployment rate to 10 percent. The U.S. Dollar surged against

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

U.S. Dollar Falls as Traders Downplay Dubai Concerns

The U.S. Dollar is declining overnight as speculators are downplaying the debt problems in Dubai. Over the week-end, the United Arab Emirates central bank said it “stands behind”

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