US Dollar:
The Dollar lost ground against the euro and sterling this morning as the UAE Central Bank offered liquidity to support the burden of debt created by its government backed developer Dubai World. The news wasn’t enough to completely ease traders fears over the global economy, as it was also heard the UAE government would
US Dollars:
$44 billion was wiped off the FTSE 100 leading shares after the Dubai crisis prompted nervous investors to pull out of riskier yielding currencies and buy back into the dollar, a move strengthening the currency against Euro, Sterling and other majors. The market turmoil follows news that the government owned conglomerate Dubai World had
US Dollar:
The dollar was knocked back above 1.50 against the euro yesterday, shattering its recent trading range and breaking through technical levels. The Central Banks of Thailand, Singapore, South Korea and the Philippines were suspected of buying U.S dollars in foreign exchange markets to slow the rise of their own currencies. Dollar weakness has recently
US Dollar:
The dollar lost ground on other major currencies including euro and sterling today as fragile stocks and positive Fed Reserve growth forecasts prompted investors to move out of the safe haven greenback and invest in higher yielding currencies. Minutes released yesterday from a Nov 3rd meeting of the rate-setting Federal Open Market Committee acknowledged
US Dollar:
The Dollar strengthened against the Euro and Sterling today as the possibility of a seasonal surge on the currency by traders closing their books for the year remained. There are indications investors are pondering locking in their profits before the end of year and in some cases the coming U.S Thanksgiving holiday this Thursday.
US Dollar:
The Dollar took a knock this morning after comments over the weekend from St Louis Federal Reserve President James Bullard that he would prefer to keep the Fed’s asset-buying program active beyond its current cut off date. USD was hit further when some of the most accurate forecasters of the U.S currency predicted that
US Dollar:
The dollar is currently trading in tight ranges as traders consolidate ahead of the three day weekend in Japan and U.S Thanksgiving Holiday. There was still movement however as traders speculation on the strength and recovery time of the global economy swung back into the negative this morning, prompting investors to pull out of
US Dollar:
The dollar was up against the euro this morning as weak stocks prompted traders to pull out of the risk sensitive single currency and protect themselves with dollar purchases. Falling share prices provided the risk-aversion signal that caused many investors to pull out of the euro and into the dollar. The dollar also fell
US Dollar:
The Dollar made some gains on the Euro and sterling this morning as U.S rhetoric indicated the government’s willingness to strengthen their currency. After months of indifference regarding the strength of USD, U.S officials have now been keen to stress their concern about the dollars decline. While China was critical of President Barack Obama
Sterling has a hit a two month high against the Euro this afternoon reaching a rate of 1.1316 after this morning’s CPI inflation data added further to rumours that the Bank of England may be nearing the end of its quantitative easing programme (money printing). There was also some support from Andrew
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