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Market Review
This area looks at overviews of the Forex Market and takes a deeper look into currency pairs and their behaviour.
The dollar rose against the yen in Asia Monday.
Written by Dukascopy (Suisse) SA Monday, 28 June 2010 08:36
Market OverviewThe dollar rose against the yen in Asia Monday as long-term investors bought the currency on its lows due to speculation that the U.S. Federal Reserve will hike its key interest rates next year while the Bank of Japan stays put.
Still, Monday's trading does not suggest the greenback will keep rising, and dealers said it could even fall sharply later this week.
That's because short-term investors who were on the sidelines in Asia Monday due to a lack of fresh cues are focusing...
The euro is mostly lower against majors.
Written by Dukascopy (Suisse) SA Tuesday, 22 June 2010 18:00
Market OverviewThe euro is mostly lower against majors after coming under pressure on Monday following Fitch Ratings' downgrade of French banking giant BNP Paribas to AA- from AA.
Asian hedge funds quickly reacted to the announcement by buying the euro, resulting in a spike in the single currency to USD1.2355 from USD1.2316. A stronger Yuan is seen as beneficial for the global economy as it helps to contain inflationary pressures in China, and is also positive for share prices and...
The dollar pared gains against the euro.
Written by Dukascopy (Suisse) SA Tuesday, 22 June 2010 18:00
Market OverviewThe dollar pared gains against the euro but still rebounded Tuesday from the prior session's losses, as a downgrade of a major French bank resurrected worries about the European economic outlook and as enthusiasm over China's currency strategy faded.
The euro bought USD1.2293, down from USD1.2318 in late North American trading Monday.
The dollar index which tracks the U.S. unit against six major counterparts turned down 85.947, from 86.023 on Monday.
Cutting into the...
The U.S. dollar rose against the yen and euro in Asia Monday
Written by DailyFX Monday, 21 June 2010 08:58
Market OverviewThe U.S. dollar rose against the yen and euro in Asia Monday reversing an early session decline-after the People's Bank of China unexpectedly set its Yuan parity unchanged from Friday.
The decision by the PBOC to again set its dollar/Yuan central parity at 6.8275 was taken as a sign Beijing wants to temper expectations for sharp Yuan gains in the near future, despite its announcement over the weekend indicating it would allow the Yuan to start rising again.
The greenback...
The euro headed towards.
Written by Dukascopy (Suisse) SA Friday, 18 June 2010 04:39
Market OverviewThe euro headed towards its strongest weekly advance against the dollar since September, basking in the after-glow of a move to stress-test European bank balance sheets.
The euro traded at USD1.2371, from USD1.2383 in late New York trading on Thursday.
It's up from USD1.209 last Friday, putting the single currency on pace for the best week in nine months. It touched a four-year low earlier this month.
The U.S. dollar index (DXY), a measure of the greenback's strength...
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