Dollar Index Shooting Up
Many signs of recovery seen in the US send the dollar higher across the board. With a little help from Greece as well. A look at the big picture. After an alarming rise in unemployment claims last week, they dropped back down – from 480K to 456K, getting back in the zone. This breaks the [...]
The Case for the USD Having Made its Bottom
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. The Case for the USD Having Made its Bottom by John Forman 1-20-10 For the last year or more the dollar has garnered a considerable amount [...]
Dollar fights back – weekly roundup
The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others. [...]
Dollar retreats despite fears from job market – weekly roundup
The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the terrible American job market, and the blurry rate decision by the Fed. The horizon isn’t clear with this jobless recovery. Here’s an overview of this week in forex trading. The US Dollar Index retreated [...]
Weekly Forex Roundup – Winners and Losers
The US Dollar gained against the Yen, the Pound and the Canadian dollar, but lost to the others. Here’s a review of the big moves in forex trading this week. The biggest story was the ongoing recession in Britain, that supplied a huge drop for the Pound on Friday. Dollar Weakness The US dollar index [...]
Second Wave of Dollar Weakness Began
After yesterday’s dollar fall and breakouts, the greenback made a small recovery. At the start of the New York session, the dollar tumbles again. For some currencies, this means erasing the dollar’s gains. But for EUR/USD – this means new ground. The US dollar index is at new lows. Yesterday’s European session pushed most currencies [...]

