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Archive for the ‘U.S. Dollar’ Category

Dollar Rose on Hoenig’s Hawkish Comments

Wednesday, May 7th, 2008

U.S. DollarThe U.S. dollar rose today during the late Asian Forex trading session, as the traders reacted on the hawkish commentary by the Federal Reserve Bank of Kansas City President Thomas Hoenig.

FOMC Reduces Rate, Hopes for Better

Wednesday, April 30th, 2008

U.S. DollarThe Federal Reserve lowered the federal funds rate from 2.25% to 2% today during the scheduled meeting of the Federal Open Market Committee, saying that the current measures may be enough to remove the risks.

Dollar Steady ahead of FOMC Meeting

Wednesday, April 30th, 2008

U.S. DollarThe U.S. dollar continues to head for the first monthly gain against its European counterpart this year as the market participants await the FOMC rate decision and a statement that are scheduled for release today.

Dollar Gains for 3rd Day on Fed Outlook

Friday, April 25th, 2008

U.S. DollarThe U.S. dollar gained against the euro today on Forex market for a third day in a row, as the yesterday’s U.S. fundamental data reassured traders that the Federal Reserve will keep the interest rate unchanged on its next week meeting.

Dollar Sinks, EUR/USD Reaches 1.6011

Tuesday, April 22nd, 2008

EUR/USDEuro reached a new historical maximum against the U.S. dollar today after another European Central Bank official stated that the bank will be acting thoroughly in order to keep the consumer price inflation rate down.

Dollar Decline May Slow but Will Continue

Monday, April 21st, 2008

U.S. DollarThe U.S. dollar decline versus the European currency has slowed down recently as the investors relied on the intervention by the G7 to overcome the global currency imbalance and strengthen the dollar.

EUR/USD Comes Closer to 1.6000

Wednesday, April 16th, 2008

U.S. DollarThe U.S. dollar fell down to another historical minimum level against the euro today, as the strong technical resistance has been breached and the fundamental economic statistics in U.S. has failed to keep the USD up on the Forex market.

Dollar Retreats from Opening Gap Gain

Monday, April 14th, 2008

U.S. DollarThe U.S. dollar has retreated from its impressive gain on this week opening on the Forex market and is now trading inside its usual recent daily bearish trend against the euro and the Japanese yen.

Dollar to Stop Falling after G7 Signals?

Saturday, April 12th, 2008

U.S. DollarThe U.S. dollar may probably slow down in its currently strong bearish trend against the other world currencies after the G7 meeting participants expressed their concern about the Forex market fluctuations.

Dollar Aimed for Weekly Gain over Yen

Friday, April 4th, 2008

U.S. DollarThe U.S. dollar is heading for the fastest weekly gain in more than four years versus the Japanese yen as the financial markets get a feeling of relief from the crisis.