| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
News
The greenback heads for weekly gain versus euro as banks weather credit turmoil - Jul 18
The greenback rose for another day on Friday, heading for its largest weekly gain versus the euro in a month as strength in stock markets gave support on the dollar. The DJI ended in positive territories after a smaller-than-expected quarterly loss from Citigroup Inc that eased worries about the U.S. financial sector, the index closed at 11,496, up 49.91 points. In late afternoon trading in New York, the dollar index, which tracks the greenback's performance against a basket of six major currencies, was up 0.2 percent at 72.19.
The single currency rose initially to 1.5888 versus the dollar in Europe but its upside was capped by European Central Bank President Jean-Claude Trichet's comments published on Friday that euro-zone growth is likely to be weak in the second and third quarters before staging a recovery. The euro slipped 0.1 percent and closed at 1.5848 against the dollar on Friday, well off its record high of 1.6040 set on Tuesday. However, the positive sentiment in stock markets pushed the euro higher versus the Japanese yen as investors get funds in a country with low borrowing costs and buy assets where returns are higher, the pair climbed to a session high of 169.44, near to its record high 169.69.
The dollar advanced and was up 0.7 percent against the Japanese yen to 106.97 on Friday whilst cable edged down by 0.2 percent to 1.9973 on speculation that the U.K. government would increase borrowing.
Outlook for the dollar is still shaky as the currency came under heavy pressure earlier this week after turmoil as Fannie Mae and Freddie Mac heightened concerns about the stability of the U.S. financial sector and Federal Reserve Chairman Ben Bernanke said U.S. financial markets and institutions remain under "considerable stress."
On Monday, economic data releases include U.K. Rightmove house prices in July, Australia second quarter PPI, Switzerland combined PPI data in June and U.S. Leading indicator of June.
Market Moving News: USD/CAD - Sep 5 Sep 05, 2008 6:49AM- US Non-Farm Sep 05, 2008 3:48AM
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- Market Moving News: USD/JPY - Sep 5 Sep 05, 2008 12:35AM
Daily currency analysis - Sep 6
The Euro wasgenerally firmer in European trading ahead of the ECB interest rate decision,but was unable to hold above 1.45 against the US currency.The...
ibt_fx_center
Trichet Expected to Remain Hawkish as Traders Await ECB Rate Decision
The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss. Traders attributed the... nythomas1
Rpchost.com - Free Forex strategies and video training
Every period of time I will post new forex strategy in this forum, you can test it and use it in your forex trading. Today's strategy is :
Bollinger... rpchost
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