The Euro came under substantial selling pressure during the week with sharp losses against the dollar while it also lost significant ground on the major crosses as structural fears increased. There was initial stop-loss selling...
Read MoreThere was a greater focus on the Euro during the week which helped support the US currency as it tested one-month highs against the Euro before stalling. The Euro was undermined significantly by a Fitch downgrading of the Greek...
Read MoreThe dollar came under pressure for much of the week as the defensive demand seen last week surrounding the Dubai debt situation faded. There was support near the 2009 lows against the Euro and the dollar gained some defensive...
Read MoreVolatility tended to increase during the week as international risk appetite returned to a central role. The dollar was subjected to heavy selling pressure in the middle of the week and dipped to lows near 1.5150 against the...
Read MoreTechnical trading tended to dominate for much of the week with markets unable to break relatively narrow ranges as option-related defence dominated. Risk appetite also gradually faded during the week which provided some degree...
Read MoreGlobal exchange rate policies had more of an influence during the week with a limited number of major data releases and no interest rate decisions. The dollar remained under pressure during the first half of the week and ...
Read MoreThe US economy was a major focus during the week. The dollar was unable to extend or sustain the correction seen the previous week and dipped lower to test support levels beyond 1.49 against the Euro as risk appetite improved....
Read MoreDegrees of risk appetite remained an important influence on global markets during the week. The dollar found support weaker than 1.5050 against the Euro and staged a cautious rally as risk appetite deteriorated, but gains...
Read MoreMarkets continued to focus on dollar weakness for much of the week. The US currency remained under pressure on further expectations of a medium-term diversification into alternative currencies. Despite intermittent rallies, the...
Read MoreDollar weakness remained a key market focus for the week as a whole as underlying confidence in the currency remained weak while positive risk appetite curbed defensive. The dollar dipped to 14-month lows on a trade-weighted...
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