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 […]

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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 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 could be Forming Major Top

The U.S. Dollar traded sharply lower on Thursday, giving thefirst indication in weeks that the event driven rally may be coming to an end.Pressure was on the Dollar

European Union not the Euro May be the Issue

The Euro continued its slide on Tuesday and signs aredeveloping that indicate the problem is with the European Union and not theEuro. The market seems to be content

Start of Bailout Deployment Still Not Enough to Support Euro

Continuing concern over the Euro and worries over theviability of a single currency system is pressuring the EUR USD at themid-session. Earlier in the trading session, the Euro

Swiss National Bank Promises Decisive Action

The USD CHF posted a daily closing price reversal top onMonday and confirmed the pattern overnight. This type of formation sets up apossible correction back to 1.1184 to