• Daily Forex Summary on USD, Euro, GBP, JPY, AUD and CAD

    The US dollar rose against most of its major counterparts last night on speculation that unrest in Egypt may worsen, supporting the dollar as investors seek its relative safety. The dollar is headed for a third weekly gain against the EUR, after Egyptian President, Hosni Mubarak, stepped down. The December reading of the US Trade Balance showed that the trade deficit widened for a second month in a row as the cost of imported oil climbed to a two-year high. The gap grew to $40.6B, in line wit...