April 21 (Reuters) - Speculators turned bearish on the U.S. dollar in the latest week for the first time since late October, according to data from the Commodity Futures Trading Commission released on Friday.
US DOLLAR TECHNICAL ANALYSIS - Prices put in a Bearish Engulfing candlestick pattern below support-turned-resistance at the bottom of a falling channel set from mid-February, hinting a move lower may be ahead.
With the Fed having limited options to address a panic caused by a bear market that could continue into next week, the risk of heavy selling of the U.S. dollar in international markets could raise prices in the increasingly import-dependent U.S. economy.
Taipei, April 23 (CNA) The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.023 to close at the day's high of NT$30.326 after moving in a narrow range ahead of the release of manufacturing activity data in the United States, dealers said.
Yesterday we examined some of the causes behind the US Dollar's weak start to 2014, which has largely bucked consensus expectations given the widespread belief that US Treasury yields would rise amid the Federal Reserve's tapering of QE3.