U.S. Dollar Trading (USD) was weak early on before re-gathering its compsure against a number of majors following rumours that the US will assure China and other developing nations that Quantitative Easing measures would not be of awe huge proportions. Such speculation was supported from… Read more
USD Trading Outlook Archive
U.S. Dollar (USD) Trading Outlook (22-10-2010)
October 22, 2010U.S. Dollar (USD) Trading Outlook (21-10-2010)
October 21, 2010U.S. Dollar Trading (USD) gave up gains from the previous day of trading post China&rsquo s surprise rate hike, as the majority of the market interpreted that the decision to increase rates for the first time since December 2007 was a precursor to positive GDP… Read more
U.S. Dollar (USD) Trading Outlook (20-10-2010)
October 20, 2010U.S. Dollar Trading (USD) rallied broadly across the board, aided by tighter lending conditions in China. The People&rsquo s Bank of China moved to raise the official cash rate by 25 basis points, the first time since December 2007. The unexpected rate hike by China… Read more
U.S. Dollar (USD) Trading Outlook (19-10-2010)
October 19, 2010U.S. Dollar Trading (USD) was predominantly range traded against a handful of currencies on Monday, before a late session rally in Wall Street pushed many currencies higher on positive risk. Citigroup shares rose more than 5%, following a better than expected earnings report, ensuring that… Read more
U.S. Dollar (USD) Trading Outlook (18-10-2010)
October 18, 2010U.S. Dollar Trading (USD) slipped further on Friday, before pairing some losses late on in the US session. Fed chairman Ben Bernanke did little to aid in the USD recovery. In his speech on Friday Bernanke did indicate that further quantitative easing would eventuate, by… Read more
U.S. Dollar (USD) Trading Outlook (15-10-2010)
October 15, 2010U.S. Dollar Trading (USD) was sent into a state of panic during the Asian session, setting the tone for the USD to trade at record lows once more against the AUD and XAU. Markets were sent into frenzy as the Singapore central bank (MAS) confirmed… Read more
U.S. Dollar (USD) Trading Outlook (14-10-2010)
October 14, 2010U.S. Dollar Trading (USD) was battered once more to trade at record lows against the AUD and XAU overnight. The Dollar failed to make any ground as a round of risk aversion, boosted by better than expected earnings from JP Morgan and Intel, was cause… Read more
U.S. Dollar (USD) Trading Outlook (13-10-2010)
October 13, 2010U.S. Dollar Trading (USD) slipped against a basket of currencies as FOMC minutes of the 21st of September meeting confirmed members discussed several approaches to aiding a struggling recovery. The minutes highlighted the fact that policy makers are prepared for another installment of stimulus in… Read more
U.S. Dollar (USD) Trading Outlook (12-10-2010)
October 12, 2010U.S. Dollar Trading (USD) retrieved some of its losses from the previous week in what was an uninspiring night with US and Canada Bond markets closed due to Columbus Day holidays. In other key developments, China has raised reserve requirements by 50 bpt for six… Read more
U.S. Dollar (USD) Trading Outlook (11-10-2010)
October 11, 2010U.S. Dollar Trading (USD) plenty of focus surrounding the disappointing September release of Non& ndash Farm Payrolls, which was released at -95K job loss, worse off than the forecasted rise of 1K jobs. Risk aversion played its part causing a rally in the USD before… Read more