The US dollar ended higher versus its major rivals on Monday posting its longest rally since 2008. The greenback mainly benefited from the political crisis in the Greece. The dollar index DXY which measures the performance of the greenback against its six main counterparts advanced to 80.612 on Monday as compared to 80.296 on Friday’s [...]
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Dollar Index on Longest Wining Streak Since 2008
Posted on 15 May 2012.
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British Pound Outlook for the Week Ending May 18th
Posted on 15 May 2012.
List of main economic events to affect the trading of the British Pound versus the greenback for the current week is as under: Today on Tuesday, United States published its data on retail sales, consumer price index, business inventories, NAHB housing market index and net long term TIC flows while in United Kingdom, data on [...]
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Euro Trading Outlook for the Week Ending May 18th
Posted on 15 May 2012.
Major economic events which have a significant affect on the trading of the pair EUR/USD for the week ending May, 18th, 2012 are as under: On Monday, May 14th, 2012, Germany released its report on wholesale price index while France came up with data on its current account. Italy published its consumer price index along [...]
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US Dollar Jumps on Escalating Euro Zone Worries
Posted on 11 May 2012.
The greenback surged for the ninth straight session on Thursday. The pair USD/EUR remained volatile in the whole session as Greece was on verge of finding a solution while Banks in Spain collected some financial support; however after remaining lower the whole session the US dollar still ended higher versus the single currency. The dollar [...]
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US Dollar Jumps on Possibility of Greece’s Exit from EU
Posted on 10 May 2012.
Greenback kept its upward rally for the eight consecutive session on Wednesday as the single currency further plunged on the increased chances that Greece could be excluded from the European Union. The board of directors of the euro zone rescue fund disclosed on Wednesday that they will hold back 1 billion euros equivalent to $1.29 [...]
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US Dollar Keeps Rallying Up on Euro Weakness
Posted on 09 May 2012.
The US dollar gained for the seventh consecutive session on Tuesday against its major rivals in reaction to the euro zone’s political and economic crisis. Investors were also concerned over the health of the Spanish banks. The single currency declined to 1.3014 against the US dollar on Tuesday as compared to 1.3053 on Monday’s late [...]
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