US Dollar Strengthens against the Single Currency over Portugal’s Debt Crisis - March 25, 2011 17:08

The greenback strengthened against the euro on Friday as the investors were uncertain about the debt situation in euro zone. The news of reduced credit rating for Portugal by Standard and Poor weakened the single currency. Standard and Poor cut down its credit rating to BBB from A minus for Portugal which has made Portuguese […]

The US Dollar Advances on Stability in Oil Prices - March 8, 2011 16:15

The US dollar gained on Monday after hitting its lowest in four months against the single currency. However the US stock markets recovered as crude oil prices witnessed some correction after hitting $107 per barrel. The traders were uncertain about the increasing energy prices and future of interest rates. The dollar index DXY which measures […]

The Greenback faces Correction Versus the Swiss Franc on Consumer Price Inflation Data - February 17, 2011 19:22

The US dollar declined further against the Swiss franc after the release of US consumer price inflation data, according to which the core consumer price inflation increased more rapidly in the month of January as compared to any other month in the last year. However experts were of the opinion that high consumer price inflation […]