You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 4 of 4
  1. #1
    Jenforex is offline Senior Member
    Join Date
    Aug 2008
    Posts
    190

    Default EURO and USD Updates

    USD

    On a day that saw the US markets closed, the Dollar was mixed in very light trading on Friday and closed out the week almost as it began against most of the major currencies.

    The Friday session capped a week of up and down trading which saw the Dollar take hits from China and India over its status as the world’s reserve currency and weathering terrible and unexpected unemployment data.

    As we look towards this week, with the payroll data out of the way, investors will likely focus on a Group of Eight (G8) meeting on July 8-10 for any further debate on currency diversification plans.

    China, India and Russia have all called for an “open and healthy debate” on the matter, while Japan has made calls for all countries to support the Dollar’s current status in the Forex markets.

    At the close, the US Dollar was up .01% to the Japanese Yen to 96.01, down .2% to the Canadian Dollar to 1.1607, up .35% to the British Pound to 1.633, down .4% to the Australian Dollar to .7968, up .25% to the New Zealand Dollar to .6297.

    EUR


    Friday saw the European Union release data that showed the Purchasing Managers Index fall 1.10th of 1 percent to 44.7 and another indicator showed that retail sales fell by 4%, more than the 1% that was expected.

    The saving grace for the Euro was the light trading and the concerns over the Dollar. Another minus for the Euro was the unemployment data which showed that it had risen to a ten year high giving trader’s reinforcement in their belief that the Euro has a long and painful road ahead to recovery.

    At closing the Euro was down .17% to the US Dollar to 1.3977, up .1% to the Swiss Franc to 1.5187, down .6% to the Australian Dollar to 1.7538, up .2% to the British Pound to .8557, down .3% to the Canadian Dollar to 1.6227 and down .07% to the Yen to 134.23.

  2. #2
    Jenforex is offline Senior Member
    Join Date
    Aug 2008
    Posts
    190

    Default

    USD

    The Dollar was down against most currencies on Monday, save the Japanese Yen which it had bounced back against off of a five-month low. The movement came as a result of speculation that corporate earnings might not be as weak as first thought. This fuelled gains on Wall Street and saw the return of risk appetite in the Forex online market.

    At midnight GMT, the Dollar was down .35 to the Euro to 1.3971, down .2% to the British Pound to 1.621, down just over 1% to the Canadian Dollar to 1.153, down .4% to the Australian Dollar to .7812 and down .25% to the Swiss Franc to 1.0832. The Dollar was up .3% to the Japanese Yen to 92.79 off of a 5 month low of 91.73.

    EUR

    The Euro made some gains on Monday after European Central Bank President Jean-Claude Trichet reversed course and gave a slightly more positive outlook for 2009 growth in the Eurozone. Only two weeks ago after the ECB policy meeting, Trichet sounded bleak about prospects for growth this year and only alluded to the beginning of a meaningful recovery in 2010.

    At 12:28AM GMT, the Euro was up .6% to the Japanese Yen to 129.7, up .4% to the British Pound to .8617, down .6% to the Canadian Dollar to 1.6116, down .11% to the Australian Dollar to 1.7876 and even versus the Swiss Franc to 1.5137.

  3. #3
    Jenforex is offline Senior Member
    Join Date
    Aug 2008
    Posts
    190

    Default

    USD

    The Dollar gained on Friday, after US corporate earnings brought about some concerns over the economy. The corporate numbers brought back the Dollar's safe-haven appeal as the higher yielding currencies retreated from two days of moderate gains.

    While corporate earnings were mixed, US economic data helped temper the doomsday mood as home construction numbers came in better than expected.

    At the close, the Dollar was up .04% to the Yen to 94.23, up .3% to the Euro to 1.41, up .28% to the British Pound to 1.6333, up .25% to the Canadian Dollar to 1.1163, up .3% to the New Zealand Dollar to .6443 and up .05% to the Swiss Franc to 1.0765.

  4. #4
    Jenforex is offline Senior Member
    Join Date
    Aug 2008
    Posts
    190

    Default

    USD Update

    The Dollar recovered on Tuesday off its lowest level of the year against a basket of currencies, as a steep drop in US consumer confidence raised concerns over the pace of the economic recovery.

    This brought back safe-haven flows into the USD and helped pick the Dollar up, after hitting new lows in the past week.

    The ICE Futures US Dollar index, which measures the performance of the USD against six of the major currencies, rose to near 79. Earlier, the ICE had fallen to a low of 78.315, the lowest level it had seen since early December.

    At 11:00PM GMT, the Dollar was up .43% to the Euro 1.4169, up .3% to the British Pound to 1.6437, up .15% to the Canadian Dollar to 1.0826, and up .5% to the Swiss Franc to .8284.

Similar Threads

  1. Replies: 0
    Last Post: 08-21-2013, 10:13 PM
  2. Replies: 0
    Last Post: 03-06-2013, 09:44 PM
  3. Today (14th Feb.)Commodity Market spot Updates, MCX updates,
    By shinakundra in forum ***Trade of the day
    Replies: 0
    Last Post: 02-13-2013, 09:48 PM
  4. Fx Times: Fundamental Updates, Euro-zone Exits Recession in 3Q
    By fxtimes in forum Current Market Sentiment and daily forex trade recommendation
    Replies: 0
    Last Post: 11-13-2009, 11:17 AM
  5. Euro/USD updates
    By Anne09 in forum Other Currencies
    Replies: 4
    Last Post: 07-17-2009, 03:26 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0