The Dollar fell to a record low against the Euro on Tuesday amid persistent fears over the health of the US financial institutions. But crude Oil 4.43% drop to 138.74 briefly diverted investors' attention away from the troubles in the
The AUD/USD ran out of steam near a 25-year high as Reserve Bank of Australia Governor Glenn Stevens implied that slowing demand will ease inflationary pressure. This caused financial market traders to factor in the possibility that interest rates will
The USD/CAD received mixed economic signals on Wednesday. In Canada, Manufacturing Shipments exceeded forecasts, which was bullish for the economy. However, the higher than expected U.S. Consumer Price Index took away some of this bullishness. After reaching an objective of
The main trend is up in the NZD/USD, but appears to be overbought. The lack of follow through to the upside today is a sign that prices may be too high for new money. The strong U.S. stock market also
Forex traders went long the U.S. Dollar across the board in the major pairs as better-than-expected earnings by Wells Fargo mortgage bank helped restore some confidence in the U.S. banking sector. Once this trend was set in motion, the Dollar
Wall Street welcomed the bullish news from Wells Fargo mortgage bank as this stock shook off the recent downtrend and rallied close to 20%. The move in this stock spread throughout the financial sector helping the S&P 500 and Dow
The GBP/USD traded in an inside range indicating the market may be overbought at current levels. Fundamentally, traders are supporting the Pound because they anticipate the Bank of England holding interest rates steady. High inflation is driving traders to reach
The USD/CHF rallied sharply higher as the U.S. stock markets erased most of the losses for the week. As confidence returned to the stock market, new longs borrowed Swiss to buy Dollars. The initial trigger for the rally was mortgage
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Industrial production rebounded in June by 0.5 percent due to gains in utility output and a post-strike boost in auto parts production. However, other consumer durable and non-energy nondurable production fell. Business equipment production is weak. Capacity utilization rose in
The Usd rose slightly in the European session, based on some positive data out of the financial sector in the US. The EurUsd traded down to the 1.58 level, and the UsdJpy also fell a bit lower trading with a
The dollar is managing to eek out gains against the majors pairs in the New York morning after a subdued European session, with the weekly oil inventory data providing the necessary momentum to sustain upward price action. Fed Chairman Bernanke
The dollar extended gains today against the euro and sterling, recovering from previous session's losses to rise toward the 1.58-level versus the euro and beneath 2 against the sterling. The greenback benefited from further declines in crude oil, which lost
Soaring gasoline and food prices lifted the headline Consumer Price Index (CPI) by 1.1 percent in June which was more than expected. Prices for food and beverages rose 0.7 percent, as strength was broad based across all food products. Core
The U.S. dollar fell against the Japanese yen today for a second day as the global financial markets expected the U.S. banks to report further losses and decrease the attractiveness of the world's largest economy.Posted on Forex News.Try easy Forex
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