Forexperts Archives

EUR/USD Falls as German Confidence Declines

The greenback gained in NY trading Tuesday despite lower-than-expected US consumer sentiment and continued weakness in the US housing market. The yen and Swiss franc fell as US equity prices rose (May 27, 2008 10:39PM)

Greenback Falls on Inflation Concerns

Falling versus most key currencies Friday, the greenback was pressured by continued inflation concerns as well as surging commodity prices resulting from the Federal Reserve’s too easy monetary policy. The (May 24, 2008 12:10PM)

Inflation Concerns Pressure USD

The dollar fell versus most key currencies Wednesday as oil prices surged to a new all-time high increasing inflation concerns. Minutes from the April 29-30 Federal Open Market Committee meeting showed most FOMC (May 21, 2008 6:50PM)

Greenback Falls on Record Oil Surge

The dollar fell against most other key currencies Tuesday on a record oil surge and indications foreign central banks may raise interest rates further, while Federal Reserve Vice Chairman Donald Kohn believes "monetary (May 21, 2008 8:42AM)

LEI Boosts USD

After its Friday steep losses, the dollar rose against most key currencies Monday following the better-thanforecast US April leading economic indicators index. The yen was pressured by higher global equity prices and (May 19, 2008 7:45PM)

Greenback Falls as Oil Surges

The dollar fell against its rivals on Friday as US consumer confidence dropped to a 28-year low and crude oil rose to a record high, increasing concerns US economic growth will continue to slow and the Federal Reserve (May 16, 2008 8:04PM)

USD at Crossroad

The dollar remained in recent narrow trading ranges confined by important technical resistance against most key currencies on Thursday. A penetration of the stock market’s crucial resistance or failure to do so may trigger the fx market to (May 15, 2008 7:58PM)

Dollar Gains as Fed Presidents See Inflation Risk

The dollar rose against most key currencies on Tuesday after Federal Reserve Bank of Cleveland President Sandra Pianalto warned of the risk of inflation and US retail sales excluding autos rose more than expected, (May 14, 2008 9:14AM)

USD Declines on Worries of Falling US Interest Rates

The dollar fell against most major currencies on Monday after Federal Reserve Bank of Chicago President Charles Evans said the US economy faced “substantial” downside risks to both growth and inflation. (May 13, 2008 12:36PM)

Dollar at Important Technical Levels

The dollar traded mixed versus its rivals Thursday. The European Central Bank and the Bank of England, as forecast, left their benchmark interest rates unchanged at 4% and 5%, respectively. The EUR/USD traded below 1.53 (May 08, 2008 11:56PM)

USD/JPY at Important Resistance

The dollar fell against major currencies as crude oil prices rose above $122 a barrel Tuesday. Stronger-thanexpected eurozone producer price inflation supported the euro, making any easing by the European Central Bank (May 07, 2008 9:20AM)

Greenback Stumbles at Resistance

The greenback fell against most major currencies on Monday as US stocks declined and crude oil prices rose above $120 a barrel. The dollar, with its overbought condition, was not boosted by the ISM US nonmanufacturing (May 05, 2008 11:14PM)

James A. Hyerczyk

Lena Manousarides

Darrell Jobman

Brian Dolan

• Michael Woolfolk, economist at Bank of New York
• Thomson Financial News - "The dollar appears set for a period of renewed stability in 2008 as long as interest rate differentials and the US credit crisis do not deteriorate any further." Michael Woolfolk

• Katarzyna Zajdel-Kurowska, polish deputy finance minister
• Thomson Financial News - "The biggest threat for inflation next year remains fuel prices and rising global demand for agricultural produce. We can, however, assume that together with a likely fall in food prices in the second half of next year inflation will start to fall. It is clear that the recent rise in inflation is due chiefly to ri... Katarzyna Zajdel-Kurowska

• Robert Brusca, economist at FAO Economics
• Reuters - "This is still a big deficit even though we had some modest reduction. Some of that progress is due to the fact that imports have been restrained and the economy is weakening." Robert Brusca