Euro Gains in Hopes for Quick Implementation of Economic Reforms in Italy - November 11, 2011 22:54

The single currency gained on Thursday as investors were optimistic and hoped for quick implementation of economic reforms in Italy and Greece. Director of Currency research, Kathy Lien from GFT commented, “The main question is how quickly will we see additional action from European policy makers, Even though the euro-dollar has rallied, doing nothing is […]

The Single Currency Fell on Tuesday as Slovak Parliament Rejected the Proposal for Bailout Fund - October 12, 2011 21:05

The single currency declined by the end of US session on Tuesday after a volatile day. Investors were uncertain for the euro after the Slovak parliament rejected the plan for extension of bailout funds of 440 billion euro equivalent to $600 billion. The rejection of the bailout program came in reaction to a no confidence […]

US Dollar Makes New Low against the Japanese Yen - August 19, 2011 22:51

The US dollar weakened on Friday versus its major counterparts and made its new low against the Japanese Yen. Disappointing US economic indicators made heavy negative impact on stock markets and bond yields and further raised speculation that whether the US Federal Reserve will opt for another round of quantitative easing to boost the economy. […]

US Dollar Gains on Wednesday as France adds to Euro Zone’s Debt Crisis - August 11, 2011 23:58

US dollar gained especially against the euro on Wednesday as France also reaches on verge of sovereign debt default. Most of analysts also foresee credit rating cut for France. Foreign exchange analysts, Jessica Hoversen from MF Global commented, “French banks were the trigger [for the dollar’s gains], but the general theme of concerns over global […]

Euro Gains on Wednesday over Positive Development on Euro Zone’s Debt Situation - July 21, 2011 17:15

The single currency was stronger on Wednesday as positive hopes prevailed among investors on the euro zone’s debt situation. Traders were optimistic about the summit in Brussels on Thursday where French President Nicolas Sarkozy and German Chancellor Angela Merkel have met to find a solution of Greece’s debt problems. Senior market analyst, Andrew Wilkinson from […]

US Dollar remains Under Pressure as Bernanke Suggest Additional Stimulus Measures - July 14, 2011 21:23

The US dollar declined versus its major counterparts on Wednesday as the US Federal Reserve Chairman Ben Bernanke supported the stance for additional stimulus measures in case of further deterioration in US economy. Bernanke while addressing the House Financial Services Committee commented, “The possibility remains that the recent weakness may prove more persistent than expected […]

US dollar remains mixed on Friday on Latest Jobs Data - July 8, 2011 23:27

The US dollar declined versus its major counterparts except the euro on Friday. The negative sentiment prevailed on latest US payrolls report which disappointed the traders. On the other hand the single currency also remained under pressure on Italy’s debt crisis. Chief currency strategist, Dean Popplewell from Oanda Corporation commented, “It’s difficult to want to […]

Euro Steadier on Expectations of Higher Interest Rates - March 28, 2011 16:01

The US dollar slightly gained against its major rival currencies in Monday’s overnight trading session as the single currency traded with much steadier pattern on expectation of higher interest rates. The euro slightly declined to 1.4047 against the greenback as compared to 1.4068 on Friday’s North American trading session. The euro was under pressure due […]

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 […]