The Dollar dropped for a third day against the Euro on Tuesday as new US measures to boost consumer lending helped ease concerns about the financial crisis, diminishing demand for the Dollar as a haven. Some investors also sold Dollars after a report showed the US economy shrank at a faster rate in the Q3 than was originally estimated, while the fall in US house prices also accelerated,… (more…)
The Dollar rose against the Euro on Monday, reversing early losses in a late surge as investors snapped up the greenback in thin trading after the single currency failed to sustain gains fueled by fighting in the Middle East. The conflict had earlier prompted a flight to traditional safe-havens such as the Swiss franc and Gold. It also led to Euro buying and spurred demand for oil, as well as… (more…)
The Dollar rose against the Euro on Wednesday as few weak US economic reports renewed worries of a deepening economic recession, leading investors to buy the Dollar as a safe haven. Dollar gains versus the Euro recently have been linked to repatriation of funds and extreme risk aversion instead of economic fundamentals. The Dollar demand for safety increased on Wednesday as US economic data… (more…)
Most major currency pairs were confined to narrow ranges and volume was lighter than usual with most Asian and European markets closed. Trading resumed in the United States after markets were shut on Thursday for the Christmas holiday. The Dollar rose against the Yen on Friday after data showed sharp declines in Japan’s industrial output and inflation fueled speculation the Bank of Japan would… (more…)