By ForexYard - The currency market is focusing on U.S. short-term Interest Rates as talk of a rate increase...
Greenback Slips After Posting Its Largest 1 Day Gain
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Markets stabilizing; USD dipping
EUR/USD is recovering, back to 1.4032, as equity prices and commodities turn positive on the session again. The unemployment report continues to be chewed over by the market several hours later, an unusual situation, to say he least. The debate will have fewer participants than normal this...
FOREX-Dlr falls ahead of next Treasury auction hurdle
By Kaori Kaneko TOKYO, June 11 (Reuters) - The dollar fell against a basket of currencies on Thursday, paring some gains made after the benchmark US ... See all stories on this...
Pound at one-year high on trade-weighted index
Sterling has gotten a strong boost from signs the UK economy may have dragged itself from recession in the last months. But the pounds strength against its trading partners could not come at a worse time. The eurozone continues to struggle and UK exports to Europe could price themselves out of...
Lockhart takes away the punch bowl
A wise Fed president once said the Fed’s job was to take away the punch bowl just as the party started to get good. Lockhart took away the market’s punch bow with his comments on an early Fed rate rise. EUR/USD has fallen back below 1.42, trading now at 1.4170. Gold is tumbling as well,...
USD drifting lower heading into Tokyo open
The USD is uniformly lower early in the session and it is difficult to see where the buy-dollar signals are going to come from. Order books are fairly clear in the EUR/USD until 1.4200-10 where some Sovereign offers are touted. There is also said to be good selling interest in the AUD/USD at .8250...