[Story ID: 5425]
U.S. dollar in forex trading
The U.S. dollar is softer in forex trading on the currency market today, following remarks Ben Bernanke made yesterday concerning the uncertain state of the U.S. economy.
The news is a blow for U.S. fundamentals, as concerns about a double dip recession start to bubble to the surface. Contrast the [...]
[Story ID: 5325]
FXstreet.com (Córdoba) ‘
[Story ID: 5229]
Sterling can’t find strength in forex trading
The U.K. pound moving lower against the U.S. dollar in currency trading on the FX market today. The pound is in retreat, even though the U.S. dollar is lower against the euro in forex trading.
Indeed the Aussie is down against the dollar as well, as some caution [...]
[Story ID: 5188]
Dollar weakness has become the main story with yesterday’
[Story ID: 5143]
Greenback higher in forex trading
The U.S. dollar is retaining some of its strength in currency trading on the FX market with the news that retail sales were lower in June. Indeed, the news that U.S. consumers aren’t spending a great deal is likely to derail the economy to some degree.
However, things aren’t as [...]
[Story ID: 5089]
FXstreet.com (Córdoba) ‘
[Story ID: 5099]
U.S. dollar weakens in currency trading
The trade deficit increased to its widest level since November 2008, and that is having the effect of helping risk appetite on the FX market. Why? Because a widening trade deficit indicates that Americans are getting ready to spend money. And when consumers start spending, the economy picks [...]
[Story ID: 5014]
Forex markets are seeing considerable movement already this morning with Sterling currently being sold off against virtually all of its counterparts. Briefly looking at last week the British Pound held a narrow range as the Bank of England refrained from releasing a policy statement following its interest rate decision for July, and the [...]
[Story ID: 4914]
It is a bit unusual, but gold prices are currently falling in line with US economic concerns, equity index drops, and dollar losses. Typically, gold is known as the ‘
[Story ID: 4956]
Since the inception of the financial crisis, the Dollar has been treated as a safe haven currency. Simply, when there was a surge in the level of risk-aversion, the Dollar rose proportionally. When risk aversion gave way to risk appetite, the Dollar fell. It was as simple as that.
Lately, this notion has manifested [...]