Currencies Archive

U.S. Dollar Trading (USD) the US FED stole back the limelight from the Europeans overnight with the FOMC statement suggesting rates will be kept on hold at ‘exceptionally low’ levels until 2014. The effect was immediate with stocks rallying back from losses to solid gains… Read more

U.S. Dollar Trading (USD) volatility returned to the market overnight with the EU finance ministers rejecting the Greek bondholders 4.0% coupon demand on a debt swap. Stocks dropped in Europe and in the US and helped the Dollar gain on safe haven demand. The dip… Read more

U.S. Dollar Trading (USD) news that Greece had reached an agreement with bond holders helped stoke a further recovery in the EUR/USD and kept the USD under pressure through the European and US session. Stocks did little however with the recent rally running out of… Read more

U.S. Dollar Trading (USD) stocks continued to rally in the US Session but the Dollar gained as the Euro came under pressure with time running out for Greece to strike a deal with bondholders on the beleaguered nation’s debt haircut. US housing data countered weakness… Read more

U.S. Dollar Trading (USD) banks led global stock markets higher as the European debt crisis continued to show signs of easing after solid Auctions in 10yr Spanish and French bonds overnight. US data also underpinned the move higher with the weekly Jobless claims falling 50k… Read more

U.S. Dollar Trading (USD) the Dollar was on the back foot until the final few hours of the US trading session as positive Chinese German data helped spark a relief rally in Global stocks. The EUR/USD and most risk assets rallied before paring these gains… Read more

U.S. Dollar Trading (USD) the Dollar was on the back foot until the final few hours of the US trading session as positive Chinese German data helped spark a relief rally in Global stocks. The EUR/USD and most risk assets rallied before paring these gains… Read more

U.S. Dollar Trading (USD) the US markets were closed for a bank holiday so had little reaction to the downgrades from Friday in Europe. The EFSF was also downgraded by one notch but this was widely expected and also had a muted reaction. The market… Read more

U.S. Dollar Trading (USD) stocks slumped and the Dollar soared on Friday with S&P downgrading most of Europe on Friday night. The market had been expecting such a move which included France and the after the initial heavy sell off was able to recover some… Read more

U.S. Dollar Trading (USD) was under pressure yesterday as traders reacted to a surge in the Euro after very positive Spanish bond auctions which led to a dramatic tightening of the peripheral European 10yr bond yields. Weak US Weekly jobless Claims put a dampener on… Read more