Weak Dollar Should Give Pound Last Run
Sterling will have one last burst of buying that should send it sailing over $1.60, especially if the dollar remains as weak as it has been.
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Archive for 'Major Currencies'
Dollar faces gathering headwinds
Only a few weeks ago, the dollar was powering towards its highest levels in four years, the beneficiary of widespread gloom about Europe’s debt crisis and rising optimism about the US recovery.
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US Unions Demand For China Currency Bill
The largest Labour group in U. S. advocated Congress for passing the legislation to fight China’s currency practices. This suggestion from Labour group has come a day after the refusal of Obama Administration to name Beijing as a currency manipulator.
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Euro Stalls Versus Dollar, Still Up On Week
The euro slipped against the dollar Friday, but still ended the week up about 0.6% amid signs that investors are turning more positive towards the common currency.
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EURUSD Gains on Benign US Currency Report
A noticeable void of fresh news has created a lacklustre trading environment which continues to promote USD selling.
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Sterling retreats vs dollar, tracks losses in euro
Sterling fell against the dollar on Friday, retreating from early gains and tracking a slide in the euro, which failed to break above key resistance levels against the U.S. currency.
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‘Gold is a currency that cannot be debauched’
The U.S. dollar may only look good because its fiat currency brethren look bad, but declining confidence in paper money has thrust gold toward a position it hasn’t enjoyed for a century or so— freedom from its seesaw relationship with the U.S. dollar.
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Euro gains versus dollar as EU debt concern eases
The euro rose the most this week against the greenback in more than a year as an easing in concern over Europe’s debt crisis spurred traders to end bets the shared shared currency would decline.
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China shuns efforts to boost yuan
Key policy makers looking for China to bear more of a burden to stabilize the global economy are destined for disappointment. Beijing remains reluctant to allow the yuan to appreciate as it remains fundamentally, an export-driven economy, experts say.
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Euro in biggest one-day loss vs dollar in 2 months
The euro endured its biggest one-day loss against the dollar in more than two months on Friday after Germany’s finance minister said fiscal irresponsibility in Europe could put the currency at risk.
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