The Euro Strengthens against the US dollar on Wednesday’s Overnight Trading Session - April 6, 2011 19:05

The Euro gained in Wednesday’s overnight trading session as the investors were hoping for an interest rate hike by European Central Bank. The US dollar exchange rate remained under pressure in reaction however reached its six month highest against the Japanese currency. The dollar index DXY which measures the US dollar movement against its major […]

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 […]

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 […]