The euro is having one of the most positive weeks against the U.S. dollar in two months, as a risk appetite wave brought investors to purchases euro-priced assets.
Euro Falls as Eastern European Economies Shrink
July 10th, 2009 at 10:44
The euro is posting its worst weekly performance against the yen in two months and losing against several major currencies as more than 10 Eastern European nations will need loans to rescue their economies from the rising recession in the region.
Euro Falls After Luxembourg Minister Statement
July 07th, 2009 at 10:02
The euro, which until last week was rallying against currencies like the greenback and the yen, started this week losing versus virtually all majors, after speculations that European Union officials will reaffirm that the recession is far from being over.
Recession Concerns Sets Dollar to Weekly Gain
July 03rd, 2009 at 12:33
The dollar is coming to this week’s end advancing against the euro and the pound, after a U.S. report indicated more job cuts than predicted, raising concerns that the global slump may be prolonged for an undetermined amount of time.
China’s Confidence on Dollar Pushes Greenback Up
July 02nd, 2009 at 11:07
The U.S. dollar climbed today after a Chinese Foreign Ministry official stated that the believes in the stability of the greenback, and informed that he is unaware of discussions next week during the G8 meeting regarding eventual substitutes for the dollar as the world main reserve currency.
Dollar Climbs as China Confirms Its Global Reserve Currency Status
June 29th, 2009 at 11:04
The dollar started this week’s session rallying against several main currencies after China stated that it may continue to be used as a main reserve currency, and that the Asian nation won’t change its foreign currency reserves suddenly.
Dollar Declines on China Alternative Reseve Currency Demand
The Dollar ended the week losing against several major currencies after China declared this Friday that a supranational currency should be created for regulating international trade, damping demand for the greenback, which is currently the world main reserve currency.
Dollar Drops on Interest Rate Outlook
June 26th, 2009 at 11:04
The U.S. dollar had a weak performance today losing against most of the major traded currencies, as stocks rose for a third day, mainly in Asia, damping demand for the greenback.
Dollar Down on Durable Goods Data Speculation
June 24th, 2009 at 12:16
The U.S. dollar had a day of weak performance losing ground to currencies like the euro and the Australian dollar as speculations that a report to be released this Wednesday will indicate a decrease in durable goods orders, affecting the greenback outlook negatively.
Dollar Falls Slightly as Interest Rate Speculations Grow
June 17th, 2009 at 14:04
The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday.