Closes

Trust:3
Votes:9
Views:179

Dollar Closes Sharply Higher for Week

The U.S. Dollar closed sharply higher for the week, boosted by a weaker Euro, news that China was tightening its monetary policy and an increase in demand for lower yielding assets. Late in the week, the Dollar flattened out after President Obama proposed restrictions on financial institution trading.

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Trust:3
Votes:10
Views:234

Dollar Closes Higher for Week against a Basket of Currencies

After reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up.

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Trust:2
Votes:4
Views:149

Dollar Closes Higher Against Selected Currency Markets

The U.S. Dollar finished higher against a select few of currency markets in a trading session that was highlighted by volatility and trading surprises.

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