The U.S. Dollar is mounting a strong rally late in the trading session following news that the Fed is set to hike the discount rate by 25 basis points to 75 basis points. While not actually beginning a tighter monetary policy, a...
Read MoreFebruary 18, 2010 Euro Plunges to 9-month Low as Fed Hikes Discount Rate The U.S. Dollar is mounting a strong rally late in the trading session following news that the Fed is set to hike the discount rate by 25 basis points to...
Read MoreThe U.S. Dollar posted strong gains against all major currencies as concerns about Greece’s ability to stick to its new strict budget flared up once again. In addition, a fresh wave of selling pressure hit the Euro after...
Read MoreWednesday, February 17, 2010 Euro Tumbles on Renewed Concerns Over Greek Budget Resolution The U.S. Dollar posted strong gains against all major currencies as concerns about Greece’s ability to stick to its new strict...
Read MoreTuesday, February 16, 2010 Euro Posts Biggest Gain in Seven Months The Euro soared on Tuesday as news that Greece is ahead of its deficit-reduction targets boosted investor confidence. Traders celebrated the news that Greece may...
Read MoreFebruary 12, 2010 Dollar Holds on to Gains despite Thin Holiday Trading The U.S. Dollar soared early Friday following a surprise 50 basis point hike in China’s bank reserve rate. Additional strength was provided by a...
Read MoreFebruary 11, 2010 EUR USD Investors Appear Unsure of Direction of Next Move The Euro made a successful test of last week’s low at 1.3584 and finished close to the middle of this week’s range. Early in the session,...
Read MoreFebruary 10, 2010 U.S. Dollar Finishes Higher; EU Delays Greece Aid Package The Euro finished lower as the lack of concrete news regarding the European Union’s plan to guarantee Greece’s debt caused investors to...
Read MoreThe AUD USD and NZD USD benefitted from renewed demand for higher yielding commodities and equities. These two pairs have taken a beating lately as traders dumped asset-related currencies during the height of the Greek sovereign...
Read MoreFebruary 9, 2010 AUD USD Likely to Benefit on Increased Appetite for Risk The AUD USD and NZD USD benefitted from renewed demand for higher yielding commodities and equities. These two pairs have taken a beating lately as...
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