By Steven C. Johnson and Wanfeng Zhou NEW YORK, Aug 9 (Reuters) - The dollar rose against major currencies on Monday as investors squared up positions a day ...See all stories on this topic »
FOREX-Dollar up but investors cautious before Fed meeting
Source: www.reuters.com
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Reserve Bank of Fiji Cuts Rate 100bps to 0.50%
The Reserve Bank of Fiji cut its overnight policy rate by 100 basis points to 0.50% from 1.50% previously, in order to support...
EUR/USD dips to 1.3960 support as longs continue exodus
EUR/US has fallen back to the 1.3960 area as longs continue to head for the sidelines in frustration. Animal spirits were whipped up over the last 24 hours only to come unglued in US morning trade. Small central bank buying has been seen on this latest dip with the more active trading CBs playing...
US Wholesale inventories hit lowest level since September 2007
US April Wholesale inventories were lower than expected down 1.4% to reach their lowest level since Sep 2007. Wholesale sales also fell, down 0.4% to their lowest level since November 2005. Also realeased was the IBD Economic optimism index which rose to 50.8 in June from 48.6 in May. This puts the...
FX market in choppy consolidation
The USD is maintaining its gains from Friday night and it seems to have the momentum on its side at the moment. We may have to wait for Europe to come in before we see any major moves as Asia is doing it’s usual consolidation. The most likely big move would be if USD/JPY can break...
European Central Bank Holds Steady at 1.00%
The European Central Bank (ECB) kept its Main refinancing operations rate at 1.00%. ECB governor, Mario Draghi,...