Currencies Archive

U.S. Dollar Trading (USD) remained on the front foot with economist upgrading their GDP outlooks for 2011 given the US Tax cut boost. The downgrade of Ireland 5 notches by Moody&rsquo s also helped the Dollar with the rating agency concerned about the Irish economy… Read more

U.S. Dollar Trading (USD) with end of year trading leading to lower volumes the market stayed within defined ranges. Weekly Jobless Claims were strong at 420k vs. 421k previously and November House Starts jumped to 555k vs. 534k previously. &nbsp In US stocks, DJIA +41… Read more

U.S. Dollar Trading (USD) stocks fell slightly on Eurozone concerns with Spain warned by Moody&rsquo s it may lower the countries rating. November CPI was slightly less than expected at 0.1% vs. 0.2% forecast. November Industrial Output at 0.4% vs. 0.3% forecast. In US stocks,… Read more

U.S. Dollar Trading (USD) was on the back foot in the risk on environment with the market selling before the FOMC statement but buying back after. Strong November Retail Sales at 0.8% vs. 0.6% helped to push US stocks to fresh year highs. In US… Read more

U.S. Dollar Trading (USD) was sold aggressively in Europe and in the US session with fresh focus on US debt situation after Moody&amp rsquo s stated that the AAA could be negatively affected but the extension of the Bush tax cuts in as little as… Read more

U.S. Dollar Trading (USD) in a break from the normal relationship stronger Stocks in the US failed to hurt the USD which managed small gains against most pairs. The rally in stocks was attributed to the improvement in Novembers Trade balance to 38.7b vs. 44bn… Read more

U.S. Dollar Trading (USD) with little movement seen in the markets overnight the Dollar finished roughly where it began against most pairs. Weekly Jobless Claims were strong at 421k vs. 435k forecast. In US stocks, DJIA -2 points closing at 11370, S&amp P +4 points… Read more

U.S. Dollar Trading (USD) risk off trading in Asia on North Korea fears sent the Euro and Aussie to day lows heading into Europe. Also supporting the Dollar is increasing yields on longer term US government bonds being attributed to the recent tax cut extensions…. Read more

U.S. Dollar Trading (USD) the market was trading in a &lsquo risk on&rsquo mood during Asia given news that the US Bush tax cuts would be extended to all Americans and that the Irish budget would pass an important vote. Dollar selling reversed however as… Read more

U.S. Dollar Trading (USD) profit taking from Friday&rsquo s selling allowed the USD to gain steadily throughout most of the day. Fed Chief Bernanke speaking in a TV interview stated that Unemployment remained&nbsp stubbornly high and that it was possible to expand QE past the… Read more