U.S. Dollar

The U.S. Dollar is trading lower overnight against all major currencies. Investor demand for higher risk assets has been the driving force along with short-covering. Economic releases have played a limited role in this week’s Dollar movement. However, this may change today following the release of the U.S. Retail Sales Report and Consumer Sentiment.

The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major U.S. economic reports this week is still influencing the trade although this will change with Thursday’s Weekly Initial Jobs Claims Report.

Firmer stock indices, gold and crude oil are indicating that trader demand for risk could be up today which could pressure the Dollar versus commodity-linked currencies.

After trading higher overnight, the trade-weighted Dollar Index has turned down as it trades near its low shortly before the U.S. opening. This may be an indication that risk sentiment is shifting toward the riskier side.

The U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this sentiment a few times during the day session. The Dollar bent at times, but never broke.

The U.S. Dollar is under pressure overnight against most major currencies except the Japanese Yen. Trading has been light and less volatile than last week’s trading conditions. Shortly before the New York session opening, the Dollar is mounting a slight comeback and trading off its lows against a few of its majors.

The U.S. Dollar is under pressure overnight against most major currencies except the Japanese Yen. Trading has been light and less volatile than last week’s trading conditions. Shortly before the New York session opening, the Dollar is mounting a slight comeback and trading off its lows against a few of its majors.

The U.S. Dollar was up sharply against all major currencies as investors flocked to safer assets following a poor housing report and concerns about Greece’s ability to shore up its budget deficit. More the most part, it was a quiet trade on Thursday as many big Forex players stood on the sidelines ahead of Friday’s U.S. Non-Farm Payrolls Report.

The U.S. Dollar is up against most major currencies as investors have shifted back toward risk aversion. Demand for lower risk is helping to boost the Japanese Yen while oversold conditions are helping the British Pound.

Stock traders ignored the weaker existing home sales report and turned its focus on the U.S. Dollar which weakened because of increased demand for higher risk assets. This week’s testimony by Fed Chairman Bernanke may have set the tone for today’s rally.

Concerns about sovereign debt issues in Greece eased overnight helping to increase demand for higher risk assets. In addition, good economic news from Japan and higher stock markets in Asia helped increase optimism over the global economic recovery.

The U.S. Dollar is trading higher this morning against most major currencies except the Japanese Yen as global sovereign debt and economic issues drive up demand for lower yielding assets.

The U.S. Dollar regained most of its mid-session loss to finish only slightly worse than Tuesday. Comments from Fed Chairman Bernanke triggered an early session break after he reiterated the Fed’s stance that interest rates would remain low for an “extended period”.

The U.S. Dollar is trading higher against all major currencies except the Japanese Yen as risk sentiment has shifted back toward safety. Investors are buying the Dollar and the Yen as they scale back their appetite for more risky investments.

The 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 Moody’s Investor Service downgraded ratings on about 4 billion Euros of Greek bank hybrid securities. Both events encouraged investors to seek safety in the U.S. Dollar.

The Dollar is trading higher versus all major currencies except the Yen. Investor concerns about the sovereign debt woes in Greece will simply not go away. Traders are taking protection overnight in the Dollar and the Japanese Yen.