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U.S. Dollar Gains in Forex Trading Against the Euro
May 5, 2010Euro reaches new 12-month low against the U.S. dollar The U.S. dollar is gaining dramatically in forex trading on the currency market. News that the U.S. economy is adding jobs stands in stark contrast to all of the problems facing the euro zone right now. As a result, the euro has slipped below the $1.30 [...]
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Euro Tanks in Forex Trading Against the U.S. Dollar
May 4, 2010EUR/USD in currency trading The euro is tanking in forex trading against the U.S. dollar today as fallout from the Greek bailout continues. There are widespread concerns that the euro zone is loading up too much on debt, and that its solvency could be in question.
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Euro Sees Gains in Forex Trading
April 29, 2010Stability returns to the euro zone — for now The euro is seeing some gains in forex trading right now. Stability has returned to the euro zone, for the time being. In currency trading, the euro is getting some help from a slight return to risk appetite on the news that U.S. jobless claims are [...]
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U.S. Jobless Claims Drop for Another Week
April 29, 2010High beta currencies get a boost in forex trading Today, the news is that U.S. jobless claims have dropped for the second week in a row. The news is helping the U.S. stock market head for a higher open today, and helping high beta currencies as risk appetite makes an appearance. Indeed, with the good [...]
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Europe Trembles as Greek Contagion Fears Spread
April 28, 2010Euro zone looks for direction Exposure to Greek debt — and Portuguese debt (which could be the next crisis) — is harming European banks today. Indeed, stocks in Europe are lower as banks pull down indices, and cause fear with regard to exposure to these debt problems. Germany remains intractable, blocking attempts at a Greek [...]
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Risk Aversion Sends Euro Lower in Forex Trading
April 27, 2010U.S. dollar higher in currency trading Risk aversion is in full force today, sending the euro lower in forex trading. Indeed, the U.S. dollar is gaining ground as concerns about the economy and the euro zone remain a fixture of the forex trading forecast. Many are concerned about the euro zone, and what could be [...]
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Greece Weighs on the Euro…Still
April 23, 2010This has really become the story that simply won’t go away. Just when it seemed investors had fully digested the implications of the Greek debt crisis, they once again turned their attention to it and attacked the Euro with renewed vigor. Summarized one analyst, “Fears regarding Greece have been reignited.” As a result, the Euro [...]
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What Next for Greece?
April 13, 2010Risk appetite in the U.S. could affect the euro in forex trading The next move regarding Greece is likely to affect the euro in forex trading — and it may rely on U.S. investors’ desire for risk appetite. Earlier today, the Greek auction didn’t go quite as hoped, and the euro fell in forex trading. [...]
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Euro Breaks Through 1.3400 in Currency Trading
April 9, 2010Forex trading with the euro The euro has broken through the 1.3400 level in currency trading, and is looking for support there. Risk appetite is back on, and forex traders are interested in better returns.
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Europrean Monetary Union Breaks Up
April 1, 2010The end of the euro eminent Just as the euro was reaching record highs, thanks to the announcement that nearly 1/3 of China’s U.S. dollar currency reserves are counterfeit, another bombshell dropped. The European Monetary Union is breaking up. This comes as a huge shock to most investors and analysts, who were certain that the [...]
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Euro Looks for Strength in Forex Trading
March 31, 2010German labor data helps the euro in forex trading The euro is gaining in forex trading as German labor data comes back strong. This news is helpful to a euro zone that has been looking for good news since the Greek debacle started taking center stage. Now the euro zone has something to get excited [...]
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Sterling and Euro Recover in Forex Trading
March 30, 2010Currency trading on the FX market The sterling and the euro are both continuing their recovery in forex trading on the currency market. Indeed, both are showing signs of life as economic data points to recovery. In Britain, things are showing improvement, and the pound has managed to move back above the 1.50 level. The [...]
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U.S. Sees GDP Revision from 2009 Quarter 4
March 26, 2010U.S. dollar down slightly in forex trading The U.S. government revised the GDP numbers from Quarter 4 of 2009 down to 5.6% from 5.9%. However, that change isn’t enough to affect the largely positive sentiment out there that is offering some risk appetite.
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Dollar gains on healthcare reform and economic hope
March 25, 2010Sparked by continued optimism about the economic situation and enthusiasm surrounding the passing of the massive healthcare system overhaul, the dollar has surged this week against major currencies and commodities. The dollar has really been driving hard against the Euro thanks to continued instability in many of the leading European Union economies and general uncertainty [...]
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Can the Euro Zone Be Saved?
March 25, 2010Euro forex trading forecast European leaders are in the midst of a summit right now, hammering out policy and making deals. And, while Greece isn’t officially on the agenda, it’s hard to imagine that it isn’t being talked about. And with yesterday’s downgrade of Portugal, it is clear that sovereign debt issues should be a [...]
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U.S. Dollar Surges in Currency Trading
March 24, 2010Greenback moves higher in forex trading The U.S. dollar is surging in currency trading on the FX market as the debt situation in Europe deteriorates. There may be some furor over health care reform in the U.S., but the Congressional Budget Office says that it should reduce the deficit in the long run, and the [...]
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Euro Struggles in Forex Trading
March 24, 2010Euro selloff on the currency market The euro is struggling in forex trading right now, thanks to a number of developments in the European debt drama. Between Greece, and now Portugal, the euro zone has its work cut out for it. The initial selloff for the euro on the currency market came in response to [...]
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Dollar recovers as markets look past Fed decision
March 18, 2010channelnewsasia.com – Boris Schlossberg Dollar recovers as markets look past Fed decision NEW YORK – The dollar traded mostly higher Wednesday, regaining its footing a day after a Federal Reserve decision to keep interest rates at near-zero levels. The euro fetched 1.3735 dollars in New York at 2200 GMT Wednesday, down from 1.3774 late Tuesday. [...]
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Euro Falls in Forex Trading on Greek Disappointments
March 18, 2010Can the euro zone remain intact through all of this? The euro continues to struggle in forex trading on the currency market as the problems in Greece continue weighing on the euro zone. European Union leaders remain divided on the best way to approach the Greek problem, with some — especially Germany — reluctant to [...]