Friday,
03 July 2009,
08:33 GMT
Dollar Soars as its Global Reserve Currency Status Returns to the Forefront
The Dollar soared yesterday against most of its currency pairs, as
its global reserve currency status returned to the forefront. This was
due to weak U.S. unemployment figures, as Unemployment in the U.
Wednesday,
01 July 2009,
08:53 GMT
Forex Analysis - ADP Employment Data to Drive the Majors Today
The surprise drop in consumer confidence in the United States
yesterday has resulted in a sudden buy-up in USD as investors flock to
safe-havens. With a market that appears to be lacking a clear direction
recently, major reports such as the CB Consumer Confidence report
yesterday, and today's ADP Non-Farm Employment Change report become
that much more important to watch as more investors await their release
before trading.
Tuesday,
30 June 2009,
08:50 GMT
Rally in Equities Pushes Investors to Riskier Assets
An extremely bullish day for the equity markets pushed investors
back to riskier assets and away from the safe haven USD and JPY,
causing them to plummet against their riskier counterparts. The rally
in equities along with a weak Dollar has also helped push Oil prices
above $73 for the first time in over a week.
Monday,
29 June 2009,
10:57 GMT
Forex Analysis - Dollar Rises on Reserve Currency Debate
After falling broadly late last week, the U.S dollar regained some
ground on Monday as the market is watching cautiously to see if China
will keep making comments on the reserve currency. China's central bank
did not mention the Dollar by name on Friday but said it was a serious
defect in the international monetary system that one currency should
dominate.
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