Hits

Trust:2
Votes:3
Views:184

Dollar Hits Three-Month High Versus Japanese Yen

The USD JPY surged to the upside overnight, taking out the late October high at 92.32, on its way to a three-month high. Concern over a potential bankruptcy filing by Japan Airlines is putting pressure on the Yen. Stories are also circulating that Japan’s AA rating is in danger of being cut if the country does not shore up its debt situation.

Read More...
Trust:2
Votes:8
Views:168

Profit-Taking Hits U.S. Dollar

The U.S. Dollar is trading weaker overnight after rallying to a 5-week high. The current rally from the bottom at 74.27 is stopping short of the November 20th top at 76.50. Technical factors indicate an overbought market which could correct back to 75.26 over the short-term before taking another shot at turning the main trend higher.

Read More...
Trust:2
Votes:6
Views:145

U.S. Dollar Hits 15-Month Low on Prospect of Lower Interest Rates

The U.S. Dollar hit a 15-month low against a basket of currencies last night on the prospect the Fed will keep interest rates at low levels for a prolonged period of time. This assumption is based on last week’s Fed FOMC statement and recent comments from a Fed official suggesting that unemployment is the major concern.

Read More...
Syndicate content

YOUR AD HERE

Follow Us!