Forex Trading Market

Dollar In Doldrums As Most Of Europe Accepts Reforms

admin — Wed, 01 Feb 2012 02:31:08 +0000

The dollar continued to struggle versus the euro Tuesday morning in New York, as Greek officials assured that a deal between the nation and its private creditors is imminent.

Meanwhile, members of the European Union, except the United Kingdom and…

Dollar Edges Slightly Higher Versus Euro

admin — Tue, 31 Jan 2012 03:01:01 +0000

The dollar steadied Monday morning in New York, supported by lingering concerns that Greece lacks the will to work out a deal to restructure is massive sovereign debt.

European Union leaders are meeting today in Brussels to discuss a fiscal…

Dollar Trims Early Losses As Euro Woes Linger

admin — Wed, 18 Jan 2012 09:09:48 +0000

The dollar steadied on Tuesday after losses in the previous sessions, as traders remained uncertain about the outlook for the global economy.

While Chinese GDP figures signaled a soft landing for the world’s fastest growing economy, warnings about the European…

Euro Tumbles Below $1.27 On Talk Of Imminent Downgrades

admin — Mon, 16 Jan 2012 03:08:14 +0000

The euro was under renewed pressure on Friday, amid reports suggesting that ratings agency S&P will downgrade a number of euro zone nations, including France and Germany.

Multiple sources say that the ratings agency will make the move later today,…

Dollar Rises Versus Euro Ahead Of Beige Book, ECB

admin — Thu, 12 Jan 2012 02:22:21 +0000

The dollar rallied versus the euro on Wednesday, amd expectations that the European Central Banks may soon announce more liquidity-adding measures in support of the region’s trubled banking sector.

The ECB meets Thursday, and while no change to their benchmark…

Dollar Drifts Slightly Lower On Hopes For Soft Landing In China, Europe

admin — Wed, 11 Jan 2012 02:43:21 +0000

The dollar was slightly weaker versus major rivals on Tuesday, but steadied in afternoon dealing amid lingering worries that Europe is not moving fast enough to quell its prolonged sovereign debt crisis.

Encouraging economic news from France and China fueled…

Dollar Rally Fizzles As Euro Rebounds

admin — Tue, 10 Jan 2012 03:06:38 +0000

The dollar fell for the first time in four days on Monday, as traders covered short bets on the euro amid signs of progress on a new treaty to govern the euro zone.

German Chancellor Angela Merkel and French President…

Strong Jobs Data Drives Dollar To Highest Since September 2010 Versus Euro

admin — Mon, 09 Jan 2012 02:37:32 +0000

The dollar finished a strong week in characteristic robust fashion, rising to a fresh 16-month peak versus the reeling euro. Traders were influenced by European debt fears and the latest in a series of encouraging reports about the U.S. jobs…

Dollar Surges Amid Talk Of U.S. Jobs Revival

admin — Fri, 06 Jan 2012 02:23:11 +0000

The dollar continued its assault on the euro and crept higher versus other major rivals on Thursday, bolstered by its sovereign haven status.

After a holiday reprieve European debt concerns were once again front and center, driving the beleaguered euro…

Dollar Rockets To Highest Since January Versus Euro

admin — Thu, 29 Dec 2011 02:29:24 +0000

The dollar surged to its highest since January versus the slumping euro on Wednesday, as enthusiasm about Italy’s successful bond auction gave way to concerns about the European banking sector.

The euro weakened after a report in the Financial Times…

Dollar Taking Long Holiday Nap

admin — Wed, 28 Dec 2011 02:18:12 +0000

The dollar was little changed on Tuesday, bolstered by data showing that U.S. consumer confidence rose in December to its highest in eight months.

The news is the latest in a series of headlines indicating that the world’s biggest economy…

Dollar Creeps Back Toward Yearly Highs Versus Euro

admin — Thu, 22 Dec 2011 02:22:17 +0000

The dollar stayed near its highest since January on Wednesday, rebounding from early losses amid renewed concerns about Europe’s fragile banking sector.

A massive lending facility form the European Central Bank saw robust demand, indicating that the region’s major banks…

Euro Holds Above $1.30 As Sovereign Debt Crisis Lingers

admin — Tue, 20 Dec 2011 02:19:24 +0000

The euro held its ground versus the dollar Monday in New York, amid muted reaction to the sudden death of North Korean dictator Kim Jong-il.

Kim died on Saturday morning while on a train journey outside the country’s capital, the…

Euro Finds Relief After Punishing Week

admin — Mon, 19 Dec 2011 03:37:53 +0000

The euro crept slightly higher versus the dollar on Friday, edging away from this week’s 11-month low amid a lull in the newsflow from debt-savaged Europe.

The single currency was making gradual gains until the release of tame inflation figures…

Dollar Extends 11-Month Peak Versus Slumping Euro

admin — Thu, 15 Dec 2011 02:22:38 +0000

The dollar continued its assault on the euro Wednesday, rising to its highest since January amid concerns that Europe’s recent summit did little to alleviate its sovereign debt crisis.

Ratings agency continue to warn on European government debt, and Italy’s…

Dollar Pauses Ahead Of Fed Interest Rate Call

admin — Wed, 14 Dec 2011 02:39:23 +0000

The dollar leveled off Tuesday morning in New York, edging away from a 2-month peak versus the euro ahead of the latest interest rate announcement from the Federal Reserve.

The beleaguered euro got a lift from a better-than-expected reading on…

Dollar Gains On ECB Letdown

admin — Fri, 09 Dec 2011 02:57:40 +0000

The dollar rallied versus most major currencies on Thursday, supported by its safe haven status after the European Central Bank said it will not be expanding its bond buying program.

Earlier in the week, comments by ECB President Mario Draghi…

Dollar Eases As European Leaders Urge Greater Fiscal Unity

admin — Tue, 06 Dec 2011 06:46:15 +0000

The dollar was generally weaker versus other major currencies on Monday, following the release of disappointing news on the U.S. manufacturing sector.

Markets remained focused on Europe, where French President Nicolas Sarkozy and German Chancellor Angela Merkel pledged to fight…

Euro Pauses As U.S. Jobless Rate Drops To 8.6%

admin — Mon, 05 Dec 2011 04:17:35 +0000

The euro was steady versus the dollar Friday morning in New York, hitting a two-week high before leveling off after a relatively solid U.S. jobs report.

German Chancellor Angela Merkel gave the single currency a boost overnight, telling the Bundestag…

Dollar Rockets Higher Versus Euro On Mounting Sovereign Debt Woes

admin — Thu, 24 Nov 2011 07:44:51 +0000

The dollar spiked higher versus the euro on Wednesday, blasting through resistance after a dismal German bond auction heightened fears that the European sovereign debt crisis has spiraled out of hand.

German officials and the European Central Bank have downplayed…

Dollar Wavers Despite Mounting Pressure On Europe

admin — Wed, 23 Nov 2011 02:39:23 +0000

The dollar wobbled against the euro on Tuesday, unable to sustain a mid-morning rally despite mounting concerns that Europe’s sovereign debt crisis is reaching a critical phase.

The International Monetary Fund introduced a new liquidity program that would provide “emergency…

Dollar Rally Runs Out Of Steam

admin — Tue, 22 Nov 2011 04:49:37 +0000

The dollar tumbled versus the euro in late morning dealing Monday, after reports surfaced indicating that the International Monetary Fund may provide financial aid to Italy.

Luc Everaert, the IMF’s European division, said the IMF cannot rule out targeted funds…

Dollar Gains On German-French Rift

admin — Mon, 21 Nov 2011 03:15:43 +0000

The dollar fought back from early losses versus the euro on Friday, as Germany and France argued over whether the European Central Bank should be the lender of last resort for their debt-ridden neighbors.

In a speech in Frankfurt, German…

Dollar Unable To Extend Monthly High Versus Euro

admin — Fri, 18 Nov 2011 02:21:48 +0000

The dollar wavered on Thursday, unable to extend a monthly high set earlier this week despite mounting concerns that Europe’s sovereign debt crisis will derail the global economic recovery.

A pair of encouraging U.S. economic reports gave the dollar little…

Dollar Unable To Sustain Early Gains Versus Euro

admin — Thu, 17 Nov 2011 02:53:39 +0000

The dollar leveled off on Wednesday versus the euro, easing slightly from last night’s monthly high amid hopes that the global economy can find its footing in the fourth quarter.

Despite some ominous signs from Europe, analysts say that encouraging…

Dollar Fights Back As Italian Debt Remains In Focus

admin — Tue, 15 Nov 2011 10:12:41 +0000

The dollar rallied in early dealing versus the euro on Monday, and gradually extended its gains in mid-day trading, as Italy continued to a pay a heavy price to borrow.

Italian 10-year yields were down to 6.64 percent, but borrowing…

Dollar Tumbles As Italy, Greece Tackle Sovereign Debt Crisis

admin — Mon, 14 Nov 2011 02:39:21 +0000

The dollar fell sharply versus the euro on Friday, paring nearly all of its weekly gains amid hopes that Italy and Greece have made steps to avert a sovereign crisis.

Italian Senate passed austerity measures this morning, clearing the way…

Dollar Steadies With Italy In Flux

admin — Wed, 09 Nov 2011 02:56:16 +0000

The dollar continued to show a lack of direction versus the euro on Tuesday, where Silvio Berlusconi won a crucial vote on the country’s 2010 budget plan, but failed to secure simple majority in the Parliament.

A report on last…

Euro Wavers As Berlusconi Downplays Resignation Chatter

admin — Tue, 08 Nov 2011 03:35:22 +0000

The euro wobbled Monday morning in New York amid conflicting reports about whether Italian Prime Minister Silvio Berlusconi would resign under pressure from the bond markets.

Early reports suggested that the embattled Italian leader was negotiating the terms of his…

Dollar Firms As G-20 Leaves Out European Rescue Funds

admin — Sat, 05 Nov 2011 03:01:44 +0000

The dollar was generally stronger versus other majors on Friday, as traders expressed caution ahead of a crucial no-confidence vote that could re-make the Greek government.

While reports have surfaced indicating that a deal has been reached to form a…