tag archive - ‘currency’

U.S Dollar Rebounds On Budget Agreement

U.S Dollar Rebounds On Budget Agreement

David Sumner | 09:23 | 11/04/11
U.S. trade deficits prompted Nobel Prize winner Joseph Steiglitz to issue a statement urging the world to adopt a new reserve currency in order to even out trade imbalances. Meanwhile, the U.S. congress averted a crisis by reaching a budget ...
Demand For Safe Haven Currencies Increases

Demand For Safe Haven Currencies Increases

David Sumner | 09:10 | 13/02/11
The week ended on a positive note for the U.S. Dollar as it rose in price against most of its major counterparts. This took place as Egyptian president Hosni Mubarak resigned and investors opted for safe haven currencies like the ...
Sophie J. Fletcher

iFOREX Daily - January 10, 2011

Sophie J. Fletcher | 10:10 | 10/01/11
U.S. ECONOMY STATS PROMP DOLLAR VALUE TO INCREASE The U.S. Dollar reached the highest levels since August of 2010 on reports of substantial growth in the service industries. Retail sales rose 0.8% in December, more than was expected, thus bringing an ...
Sophie J. Fletcher

iFOREX Daily - January 5, 2011

Sophie J. Fletcher | 10:05 | 05/01/11
SUMMARY OF YESTERDAY The euro began yesterday in decline in front of dollar, before recovering and going up again, while risk appetite grew thanks to strong equity markets and the improved U.S. economic outlook. Despite the publication of a good German ...
Positive Economic Outlook For 2011

Positive Economic Outlook For 2011

David Sumner | 07:50 | 02/01/11
The year started on a positive note with speculations of increased growth for the world economies; however, this boosted sales of U.S. Dollars, bringing the currency value down. The American Dollar diminished in price against 14of its 16 counterparts as German ...
Oil Reaches Highest Price Since 2008

Oil Reaches Highest Price Since 2008

David Sumner | 07:44 | 30/12/10
The Canadian Dollar soared against the greenback as crude oil, its main commodity export, reached the highest rates since 2008. The currency traded on the Forex exchange at C$1.0009 per U.S. Dollar. The U.S. Dollar dropped in price against most of ...
Sluggish U.S. Recovery

Sluggish U.S. Recovery

David Sumner | 07:35 | 29/12/10
Data from the United States revealed that its economic recovery remains sluggish, thus diminishing the value of the greenback against the Yen for a sixth week. The U.S. Dollar was also close to a seven week low against the Australian ...
China Plans To Fight Inflation

China Plans To Fight Inflation

David Sumner | 09:50 | 27/12/10
China’s efforts to fight its accelerated inflation will include a tightening of monetary policy for the first half of 2011 according to JP Morgan Chase & Co. and Morgan Stanley. Just this past 25th of December, China’s bank increased the ...
Concerns For Europe Boost Dollar Value

Concerns For Europe Boost Dollar Value

David Sumner | 09:30 | 16/12/10
New concerns for Europe’s economic crisis gave the U.S. Dollar a boost today. The possibility of Spain getting a lower credit rating confirmed the fact that the precarious economic situation may spread through the continent. This spurred the strength of ...
Fed Posed To Discuss Bond Purchase

Fed Posed To Discuss Bond Purchase

David Sumner | 09:05 | 14/12/10
As policy makers from the U.S. Federal Reserve get ready to talk about another purchase of bonds, the greenback dropped in value against the yen, trading close to a week-low. This purchase would indicate that the Feds are willing to ...