Euro could fall into the neutral position ECB
The euro ended last week against currencies like the dollar and the pound sterling, but ultimately, the neutral position decidedly European Central Bank in their recent policy meeting monthly meeting creates some risk of deterioration of the currency in the short term. This is particularly true since the ECB President Jean-Claude Trichet seems to be somewhat concerned by the appreciation of the euro, as he puts it noted that "excessive volatility and disorderly movements in exchange rates affect negative for the economic and financial stability. |
US Dollar: Thank you to the risk appetite
Few would argue at this point that the bearings are dollar driven by investor sentiment. The test imposed a 14-month low in the dollar index last week and the simultaneous surge in one year senior of the benchmark Dow Jones Industrial Average is certainly not a coincidence. |
Euro Forecast to Gain Against US Dollar, but Doubts Remain
Euro forecasts against the US Dollar saw noticeable improvement on the week, as the USD suddenly finds itself at a clear disadvantage against key counterparts. The US Federal Reserve sparked a massive dollar tumble when it announced aggressive quantitative easing measures through its most recent meeting. The EUR/USD subsequently posted a record single-day gain, and momentum clearly remains in the European currency’s favor. |
|
U.S. Dollar Short-term Bounce Before Next Leg Lower
The USD opens New York mixed this morning, higher against Yen and lower against other pairs. Overnight equities were firmer lending some support to EURO and stocks are called higher to open New York suggesting better tolerance for risk after a quiet weekend. Overnight comments from ECB president Trichet were seen as positive for the EURO also but traders note the action so far has been largely technical two-way trade. High prints at 1.3737 again drew sellers with lows at 1.3611 attracting buyers on the dips. Russian names seen on the offer traders say suggesting a possible re-balancing of the Ruble basket. |
US Dollar Losing Its Economic, Safety And Reserve Advantages
The US dollar was put through the ringer this past week as market participants were left to wonder where the currency would find strength as its primary, fundamental pillars started to give way |
|
Forex News