Archive for April, 2009
USD Drifts Lower Ahead of FOMC
USD Drifts Lower Ahead of FOMC
The dollar gave back some of its recent gains against the euro, falling to 1.3166 while dropping to 95.61 versus the yen. The FOMC kicked off its two-day monetary policy meeting earlier and will be announcing the results Wednesday afternoon. With the Fed’s benchmark lending rate already at zero, there […]
Dollar Is Split Against the G10 as Markets Look Uncertain
Dollar Is Split Against the G10 as Markets Look Uncertain
The dollar was mixed against the majors representing the lack of certainty in the marketplace. The EurUsd gained a bit over 60pips testing the low range of 1.31 as a point of resistance. The UsdJpy fell 30pips trading at the mid 96 price area, while the […]
Mr. Trichet’s Comments And The Euro
Mr. Trichet’s Comments And The Euro
The currency market continued to march inline with the S&P futures today, as has been the case lately. S&P futures, together with the overnight spot equity markets can be a very good gauge of the overall risk-aversion phase, which tends to have a strong influence in the currency market.
However, the […]