Rhetoric suggesting the US central bank may look past slow performance in the first quarter and deliver the first post-QE hike in the benchmark lending rate by around mid-year as it hinted at the onset of 2015 is likely to drive the US Dollar higher ...
The dollar rose against the euro Monday, as investors took profits on recent gains in the single currency ahead of key U.S. economic data due at the end of the week. On Monday afternoon in New York, the euro was down 0.5% against the dollar to $1.1143.
After a sustained seven month rally in the US Dollar Index to levels that represented nearly a 60% retracement from the highs made in 2000 to lows in 2008, the US Dolllar in Mid-March began flashing sell signals I use to determine the strength of a market.
A stronger US Dollar finally caused some disturbance with US corporations, especially multinationals. While reporting March-quarter earnings, one after another singled out the dollar for causing top-line shortfall.
Taking Cable, slang used by foreign exchange traders for the exchange rate between the US dollar and British Pound, we can see that six months ago on 27 October 2014 the �/US$ spot rate was �1: US$1.61133.
Trend - This indicator measures trend intensity by telling us where price stands in relation to its 90 trading-day range. A very low number tells us that price is currently at or near 90-day lows, while a higher number tells us that we are near the ...
The Japanese Yen finished the week notably lower versus the US Dollar but stuck to its long-standing trading range. A big week for FX markets ahead might be enough to finally force a break in the slow-moving US Dollar/Japanese Yen exchange rate.