Japan Growth Force Greenback Down
The U.S. dollar started this week losing versus its Canadian counterpart and the euro as the wealthiest economy in Asia posted an unexpected quarterly growth, signaling traders that economic conditions in Asia are improving driving capital flows towards
The U.S. currency had a poor performance this Monday after the Japanese economy posted a preliminary gross domestic product growth of 1.2 percent for this year’s third quarter, a much higher level than the 0.7 percent forecast, creating a risk appetite scenario in Asia that favored
The dollar started another week fliriting with the $1.50 level versus the euro, and its likely that this level will once again be surpassed as risk appetite started strong once again this Monday, according to analysts. The global economy still has room for sharp rebounds and it affects traders sentiment in a way that they will look for yield, and that’s a
EUR/USD traded at 1.4974 as of 15:21 GMT from 1.4946 when markets opened yesterday. USD/JPY traded at 89.40 from 89.60.
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Earlier News About the US Dollar:
- Dollar Down After Significant Rally (2009-11-13)
- Dollar to Fall in 2010 on Record Low Interest Rates (2009-11-11)
- Dollar Rises From Record Low (2009-11-10)
- Dollar On Record Low after G-20 Agreement (2009-11-09)
- Dollar Gains Slightly as Unemployment Rises (2009-11-06)