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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 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...
Read more: The U.S. dollar rose against the yen and euro in Asia Monday
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...
The euro moved above USD1.24 Thursday.
Written by Dukascopy (Suisse) SA Thursday, 17 June 2010 06:36
Market OverviewThe euro moved above USD1.24 Thursday, extending gains made as demand for riskier assets rose following a reassuring bond auction in Spain.
The euro had been ahead going into the North American session after good demand at the Spanish bond auction kept fears contained about the euro-zone debt crisis. In recent trading, the euro extended its gains to hit a fresh intraday high of USD1.2412.
The morning's dose of U.S. economic data had little immediate effect on trading. U.S...
The dollar gained broadly Wednesday
Written by Dukascopy (Suisse) SA Wednesday, 16 June 2010 06:36
Market OverviewThe dollar gained broadly Wednesday after a fresh wave of concern over euro-zone sovereign debt, along with disappointing U.S. data, led investors away from the euro and other riskier currencies.
The euro fell against the dollar and its other rivals on earlier reports Spain would request aid from the European Union or International Monetary Fund, something Spain denied and an EU official declared rubbish.
U.S. data, including a home-construction figure that plunged in May...
More Articles...
- The euro's rally against the dollar and the yen.
- The euro surged Monday.
- The euro hit a one-week high against the yen in Asia Monday.
- UFXBank Week in Forex - June 14, 2010
- The euro rose against the yen and dollar in Asia Tuesday.
- The dollar advanced slightly Monday.
- The euro dropped to fresh multi-year lows against the dollar and the yen in Asia Monday.
- Forex-Metal Market review for 31.05 – 04.06, 2010
- UFXBank Week in Forex - June 7, 2010
- The yen was lower against major rivals in Asian trading Friday.
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