Pound edges upwards against the Dollar
Tuesday, January 19, 2010 In the early Asian trading session today, The British Pound gained versus the Dollar which lost ground against a host of other currencies as well. The Pounds trading picked up from $1.6341 on Mondays closing to trade at $1.6424 today, a reported 6 week low. Riding on the wave of the [...]
Euro dips despite positive economic data
The Euro has been weak today, despite a strong upward movement during the Asian session. During the Asian session, the Euro moved upward, limiting its’ gains to 1.4555 versus the US Dollar. Yesterday, the pair pushed higher yet again, hitting the 3 week high of 1.4580. Later, during the European session opening, the Euro fell [...]
Dollar moves cautiously ahead of earnings announcements
The US Dollar has been rounding off its gains from earlier trading sessions ahead of the earnings announcements in the US equity markets. Traders are wary of possible downturns in the US markets, as the general consensus on the health of US corporates has turned to that of risk aversion. As uncertainty returns to the [...]
Dollar and Yen floating aimlessly on new year’s eve
The US Dollar floated today near its 16-week highs due to a generally weak Yen. Due to the holiday, low volume of trading in the forex markets along with general weakness in the Yen, contributed to keeping the Dollar up near its highs and the Yen languishing. The Yen has been weighed down lately on [...]
Aussie falls with softer Gold and strong Greenback
The Aussie appears to be facing stiff upward resistance today as it fell badly today, primarily on account of a softer gold market, and buying in the US Dollar and the Euro. During the Asian currency market session, the Australian Dollar had fallen to the .8924 level, after having made a weekly high of .8992 [...]
Good times ahead for the US Dollar
Since earlier this month, the Dollar has been on an upward movement, touching a high last week on the 14th when it hit 98.97. it has fallen only once since and today it continues to move upward making a new 2 month high at 91.85 (yesterday), trading range-bound today around 91.55 to 91.80. the 91.85 [...]
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