Category Archives: News
U.S. Dollar Index Approaches 7 Month High on Fed Announcement
The U.S. Dollar rose toward a 7-month peak against other major currencies following the Federal Reserve’s unveiling of the latest weapon in their arsenal. Continue reading
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U.S. Dollar Index Approaches 7 Month High on Fed Announcement
The U.S. Dollar rose toward a 7-month peak against other major currencies following the Federal Reserve’s unveiling of the latest weapon in their arsenal. Continue reading
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In Advance of Fed Decision, Dollar Index Rises
Hours before the Federal Reserve is expected to announce a new stimulus plan, the Dollar Index advanced for the third time in four days. The Euro also stabilized with renewed hopes that the US will lower its interest rates. Continue reading
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Traders Wary of Bank of Japan Intervention, Push Yen Higher Nonetheless
Under pressure from Japanese exporters, the U.S. Dollar slipped near to a record low versus the Japanese Yen earlier in a very choppy Asian trading session, but was able to pare losses more recently. Continue reading
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With Italian Debt Downgraded, Euro Tumbles Further
Once again, troubles in the Eurozone have precipitated the Euro’s tumble. Greece, of course, is at the forefront as investors worry that the country will be unable to meet its September debt obligations thus pave the way toward the approval of th… Continue reading
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Euro Weakens Dollar Gains and Greece Remains in Limbo
As Greece continues fighting against its possible debt default, the Euro weakened for a second straight day against the US Dollar. Continue reading
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Euro under Pressure Again as Ecofin Meeting Disappoints
In Asian trading, the Euro slipped against the U.S. Dollar following a weekend of political setbacks in the Eurozone left the single currency on shaky ground. As reported at 2:22 p.m. (JST) in Tokyo, the Euro was trading down nearly 1% against the gree… Continue reading
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Euro Holds Momentum from Central Bank’s Action For Now
The Euro is holding onto gains made yesterday following the extraordinary move by the worlds’ major central banks to enhance U.S. Dollar liquidity. Continue reading
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Greek Default Worries Still Persist, Weighing Down Euro
In spite of reassurances from Germany’s Angela Merkel and France’s Nicolas Sarkozy that the troubled Greek nation would remain a Eurozone member, the common currency is under pressure in Asia. Continue reading
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Euro Holds onto Early Gains, but Bank Downgrades Could Weigh
The Euro is holding onto modest gains during the late Asian trading with hedge fund operators trimming their short positions ahead of an E.U. policymaker conference call which could yield some surprises for the market. Continue reading
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