| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Forex Traders Buy Dollar as Financial Market Confidence Returns
Forex traders went long the U.S. Dollar across the board in the major pairs as better-than-expected earnings by Well Fargo mortgage bank helped restore some confidence in the U.S. banking sector. Once this trend was set in motion, Jul 16, 2008 6:15PM
Dollar Rallies amid Further Retreat in Oil
The dollar extended gains today against the euro and sterling, recovering from previous session's losses to rise toward the 1.58-level versus the euro and beneath 2 against the sterling. The greenback benefited from further declines in crude oil, which lost over $4 to $134.58 per barrel amid softe.... Jul 16, 2008 4:02PM
Daily currency analysis - Jul 16
The dollar remainedunder pressure in European trading on Tuesday and dipped through the 1.60 levelto a fresh record low near 1.6040.The German ZEWconfidence index weakened to -63.9 in July from -52.4 which will reinforceEuro-zone fears and initially helped pull the Euro from its highs. The weaksurve... Jul 16, 2008 12:00PM
Euro Zone Fundamentals Signaling a Top
Despite rallying to a record high, the EUR/USD looks vulnerable to a break from current levels. The move through the old top at 1.6019 to 1.6038 looks more stop than buy driven. Like the top in April, there was no follow through to the upside after the breakout Jul 15, 2008 6:54PM
Greenback Recovers from Record Lows
The major currencies whipsawed around in the Tuesday session, with the dollar sharply recovering from all-time lows against the euro to bounce back toward the 1.59-level. Heightened risk aversion benefited the yen pairs as the Japanese currency rallied considerably against the euro and sterling ami... Jul 15, 2008 3:32PM
Daily currency analysis - Jul 15
The dollar weakenedto lows of 1.5970 in early Asian trading on Monday. In a statement on Sunday,the Treasury announced that it would boost the companies’ access to creditlines and inject capital if necessary in an attempt to boost confidence thatthe current structure can be sustained. Immediat... Jul 15, 2008 12:00PM
Dow Jones breaks through support level…
Sandy Jadeja is Chief Market Strategist for www.ODLMarkets.co.uk and can be reached at sjadeja@odls.com Jul 15, 2008 4:49AM
Mixed Results after Fed Bailout
Over the weekend the Fed made the best move it could make at this time by announcing a financing plan for Fannie Mae and Freddie Mac. The plan involves receiving the authority to buy an unlimited amount of shares of the two companies and to make money available from the Fed discount window. Jul 14, 2008 6:20PM
Dollar Recovers on Bailout Plan
The greenback recovered slightly against the majors, pushing the euro back toward the 1.59-level after dropping to 1.5970 earlier in the session. Amid a dearth of US economic reports, markets digested the government's plan to rescue Fannie Mae and Freddie Mac, which consists of opening the Fed's ..... Jul 14, 2008 3:32PM
Daily currency analysis - Jul 14
60.5bn the previous monthThe University ofMichigan consumer confidence index rose marginally to 56.6 in the preliminaryJuly meeting from 56.4 the previous month, although it remained stuck athistorically very low levels which will not have a positive influence on thecurrency.The dollar declinecame i... Jul 14, 2008 12:00PM
Further Dollar Weakness Ahead? Is EUR/USD Ready To Break 1.60?
Euro bulls were clearly in control last Friday when the EUR/USD broke important resistance levels of 1.5830 and then 1.59, making new monthly highs near the record 1.60. Jul 14, 2008 11:06AM
Daily currency analysis - Jul 13
The dollar wasunable to sustain gains through the 1.57 level on Thursday and weakened to lowsnear 1.58 after support levels near 1.5750 were broken.There were furtherconcerns over the US financial sector with a fresh batch of rumours surroundingLehman Brothers which undermined dollar confidence in U... Jul 13, 2008 12:00PM
Daily currency analysis - Sep 6
The Euro wasgenerally firmer in European trading ahead of the ECB interest rate decis... 
Darrell Jobman
Dollar Weakens as More U.S. Jobs are Lost
The holiday shortened week ended with the U.S. Dollar losing ground to most major cur... James A. Hyerczyk
So much for the period of consolidation I was expecting last week. The USD surge has ... Brian Dolan
Yen Rallies, Traders Await Jobs
The yen rallied sharply across the board, advancing to 186.20 against the sterling, 1... Korman Tam
