The US dollar reached a six-month high against the euro in Currency Trading Software 2010-01-29
The US dollar reached a six-month high against the euro in Currency Trading Software on speculation the Federal Reserve will relax its low-interest rate; these are signs of the U.S. economy recover. It will probably continue boosting demand for the nation’s assets.
The dollar was near a four-month high against the Swiss franc after Thomas Hoenig (Kansas City Fed President) said: “time has come to change the promise to keep rates low. A report will show that the U.S. economy expanded at the fastest pace in almost four years”.
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The US dollar traded near a five-month high in Currency trading 2010-01-22
The US dollar traded near a five-month high in Currency trading against the euro, after speculation about Asian stocks, which will continue falling in U.S. and European equities. This could reduce demand for riskier assets.
The yen closed to the strongest level in a month versus the euro when U.S. reports forecast to show a potential decrease in manufacturing in the Philadelphia region. The Japanese and U.S. currencies may also increase if U.S. banks report earnings, especially Goldman Sachs Group Inc. More...
China's Central Bank Surprised World Markets 2010-01-14
China's central bank surprised world markets by taking a step towards a more restrictive economic policy. It created an increase in the Japanese currency while commodity currencies such as the Australian and the New Zealandes dollars fell after traders relaxed short-yen positions.
The US dollar was stable in currency trading accounts on Wednesday while the yen fell broadly as investors concluded China's surprise monetary tightening the previous day would not derail growth, supporting higher-yielding currencies. More...
The U.S. dollar raised in Currency Trading 2010-01-08
The U.S. dollar raised in Currency Trading, b because of a growth of positive expectations in U.S. jobs report helped it hit a four-month high against a struggling Japanese yen; Naoto Kan (Japanese finance minister) said many Japanese firms were in favor of a dollar/yen around 95 yen, higher than the pair traded in late 2009. A weaken yen definitely increases competitiveness of Japanese`s exports.
Reducing imports from China probably would not cut the U.S. trade deficit because the United States would pay more for imports from other countries, World Bank chief economist Justin Yifu Lin said on Thursday.
Instead, Lin said addressing income disparities between China's urban and rural areas would do more to address global imbalances and to spark more domestic consumption. More...
US dollar fell against a basket of currencies in Currency Trading Online 2010-01-08
The US dollar fell against a basket of currencies on Tuesday in Currency Trading Online as growing hopes for a global economic recovery encouraged investors to invest in riskier currencies from the greenback.
The U.S. currency extended losses against Japanese yen, after positive news about Asian Economies; the Australian dollar reached a two-year high against euro and a three-week high versus the US dollar after picked up commodity-linked currencies on optimistic gold and oil prices.
The euro, however, fell from a three-week high versus the dollar in choppy trading. Traders said the pair's inability to break $1.4450 in the New York session prompted some investors to buy back the U.S. currency. More...
