Doubts Arise Among Investors Expecting Global Economic Recovery in Near Future
Doubts Arise Among Investors Expecting Global Economic Recovery in Near Future
The dollar benefited from a reversion back to negative bias regarding the state of financial markets. We didn’t observe a flight to quality into treasuries per se, but an unwind in currencies like the Euro. The EurUsd fell through previous support 1.35 to the high […]
Sterling Gains On Improving Economic Data
Sterling Gains On Improving Economic Data
The dollar declined versus its rivals on Tuesday on more signs the global economy is stabilizing. Business investment in China expanded at the fastest pace since 2006, crude oil rose to a 6-month high and the UK economy showed signs of recovering. The yen rose despite rising risk appetite. US […]
Dollar Weakens As Huge Week Of Economic Data Gets Underway
Dollar Weakens As Huge Week Of Economic Data Gets Underway
Overall: Once again, positive economic news spurred traders to accept more risk and sell the dollar in favor of higher yielding currencies. The dollar decreased against all of the other major currencies, reversing direction from the European session, helped by pending U.S. home sales. The release […]