Forex News

The dollar started this Tuesday losing versus European and higher-yielding currencies as positive events in the old continent pushed further up risk aversion in trading markets globally, making the pound and the euro to rank among the best performers versus the greenback today.

The U.S. dollar started this Friday’s trading session losing versus most of the 16 main traded currencies as reports in Asia didn’t confirm mediocre forecasts and brought optimism towards the global economic recovery.

After gaining since the beginning of this trading session on speculations that a robust U.S. economy would provide grounds for borrowing costs to rise in the following months, the dollar slid as government officials stated otherwise.

The dollar ended another week gaining versus the euro and the pound as the economic conditions in North America remain far more attractive than in the other side of the Atlantic, increasing the number of traders who are switching their investments from Europe towards the United States.

The dollar touched the highest level in 2010 versus several important currencies this Thursday as the Federal Reserve raised its bank discount rate for loans, spurring demand for assets in the country as the economy seems to be picking up, allowing the nation’s central bank to lift stimulus.

The dollar gained today versus most of the 16 main traded currencies paring yesterday’s losses as demand for assets in the U.S. rose after several better than expected figures came out in reports published in the U.S., evidencing that the economic recovery in the country is accelerating.

The U.S. dollar profited last week from a wave of uncertainty that brought investors to opt for safer bets in foreign-exchange markets, and this trend might last for a longer period mainly versus European currencies as the economic outlook in the region is far from optimistic.

The dollar ended this week’s session posting a weekly advance versus most of the 16 main traded currencies in foreign-exchange markets as an unemployment report published this Friday brought more positive figures that are providing support for the greenback’s bullish pattern.

The appeal for the U.S. currency surged today after an employment report showed another consecutive improvement suggesting that economic conditions are better in North America than in other wealthy regions around the world.

The U.S. dollar failed to pare yesterday’s losses as risk appetite continued to favor higher-yielding and commodity related currencies, erasing partially last week’s advance for the greenback as factors supporting the dollar’s strength continued to fade this Tuesday.