-
-
iFOREX Daily- August 2, 2011
Sophie J. Fletcher | 07:20 | 02/08/11 - Disappointing reports on the U.S. Manufacturing Index caused the Dollar to decrease against the Swiss Franc. The Institute for Supply Management indicated that the Index of Purchasing Managers dropped to 50.9 in July. Meanwhile, lawmakers managed to reach a deal ...
-
-
iFOREX Daily- August 1, 2011
Sophie J. Fletcher | 08:00 | 01/08/11 - U.S. lawmakers spent the weekend trying to design an acceptable plan that would avert default while raising the debt ceiling. The office of the Senate Majority Leader, Harry Reid, announced that he had signed off on an agreement which was ...
-
-
iFOREX Daily- July 29, 2011
Sophie J. Fletcher | 07:15 | 29/07/11 - The U.S. Dollar dipped to postwar lows versus the Japanese currency, and traded at record lows against the Swiss Franc as the U.S. House of Representatives was preparing to vote on a plan to increase the debt ceiling. Indications are ...
-
-
iFOREX Daily- July 28, 2011
Sophie J. Fletcher | 09:19 | 28/07/11 - The U.S. Dollar climbed against six of its peers as congress continued to debate the raising of the debt ceiling, thereby boosting demand for refuge currencies. The currency strengthened as Senate Majority Leader, Harry Reid, stated that a compromise must ...
-
-
iFOREX Daily- July 27, 2011
Sophie J. Fletcher | 07:05 | 27/07/11 - U.S. lawmakers continued the debate on an effective plan for reducing the budget deficit and increasing the debt ceiling. As no agreement was reached yesterday, the clock continues to count down the days left before the August 2nd deadline, and ...
-
-
iFOREX Daily- July 26, 2011
Sophie J. Fletcher | 07:30 | 26/07/11 - Yesterday was a light day in terms of economic reports; however, the market registered an increase in risk aversion as Moody’s Investors Services cut Greece’s credit rating from Caa1 to Ca, thereby indicating that the bailout package guarantees financial losses ...
-
-
iFOREX Daily-July 25, 2011
Sophie J. Fletcher | 07:25 | 25/07/11 - The U.S. is nearing a possible default and perhaps even a downgrading of its AAA rating, if Congress fails to reduce the budget deficit by at least $3 to $4 trillion as recommended by Moody’s Investors Services. The currency fell ...
-
-
iFOREX Daily- July 22, 2011
Sophie J. Fletcher | 07:00 | 22/07/11 - The U.S. Dollar weakened against its counterparts and dropped the most against the Yen following statements by White House spokesman Jay Carney, and House Speaker John Boehner, indicating that congress failed to reach a consensus on raising the debt ceiling. ...
-
-
iFOREX Daily- July 21, 2011
Sophie J. Fletcher | 06:55 | 21/07/11 - The U.S. Dollar erased its gains from the previous day, as optimism returned to the markets due to speculation that European policy makers will do whatever it takes to come up with a solution to the sovereign debt crisis. Congress ...
-
-
iFOREX Daily-July 20, 2011
Sophie J. Fletcher | 06:55 | 20/07/11 - The Dollar started out weak, given the brief period of risk appetite in the market, but then recovered against the Euro following the release of data showing that Housing Starts rose for the month of July. However, the increase was ...