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Caution: Falling Currencies

Posted by Forexsq 66 days ago (http://dailycapitalist.com)
img Forexsq.com -In 1913, the US Congress authorized the creation of the Federal Reserve. Its mandate was limited, but it grew over time to become the central planner of all things monetary. In 1933, President Roosevelt outlawed the ownership of gold. In 1944, the soon-to-be-victorious allied powers signed a treaty at Bretton Woods agreeing to use the US dollar as if it were gold. Their central banks

U.S. dollar rises more in choppy Asian trade

Posted by Forexsq 67 days ago (http://www.marketwatch.com)
img Forexsq.com - The dollar edged higher against the Japanese yen and some other major currencies in choppy Asian trading Thursday, extending recent gains amid optimism over improving U.S. economic fundamentals.

The ICE dollar index DXY -0.21% traded at 80.628, from 80.596 in late North American trading on Wednesday.

Dollar Touches 11-Month High Versus Yen on Recovery Signs

Posted by Forexsq 67 days ago (http://www.bloomberg.com)
img Forex News - The dollar rose to an 11-month high against the yen before U.S. data forecast to show regional manufacturing expanded and initial jobless claims decreased, adding to signs the American economy is gathering momentum.

The greenback was near the highest level in four weeks against the euro amid reduced bets the Federal Reserve will begin a third round of bond purchases, or quantitati

Dollar, Treasury yields up on Fed view

Posted by Forexsq 68 days ago (http://www.reuters.com)
img The dollar rallied and U.S. Treasury yields soared on Wednesday, boosted by a brighter economic outlook from the Federal Reserve and news that most U.S. banks passed stress tests.

Stocks in Europe climbed to a near-eight-month peak, and the dollar notched a fresh 11-month high against the yen.

Yields on U.S. Treasuries hit their highest level since October and German 10-year bond yields spi

Dollar index extends gains versus rivals

Posted by Forexsq 68 days ago (http://www.marketwatch.com)
img Forexsq.com - The dollar edged higher in Asian trading hours on Wednesday, extending gains made in the previous session following strong economic data and a rate call from the Federal Reserve.

The ICE dollar index DXY +0.31% traded at 80.248, up from 80.231 in late North American trading on Tuesday.

The dollar index gained over the session on Tuesday, rising from 79.869 recorded late Monda

Pound Reaches 1-Week High Versus Euro Before Jobless Claims Data

Posted by Forexsq 68 days ago (http://www.bloomberg.com)
img Forexsq.com - U.K. gilts declined, pushing the 10-year yield up by the most this month, as stocks rose before a report economists said will show the number of Britons seeking unemployment benefits increased at a slower pace last month.

The two-year note yield climbed to the highest level in four months. The number of jobless claims rose by 5,000, after an increase of 6,900 in January, the Offi

Yen Weakens to 11-Month Low on BOJ Easing; Dollar Gains on Economic Data

Posted by Forexsq 69 days ago (http://www.bloomberg.com)
img Forexsq.com - The yen dropped to the weakest level against the dollar in almost 11 months after Bank of Japan (8301) Governor Masaaki Shirakawa indicated the central bank will keep using monetary policy as a tool to tackle deflation.

The Japanese currency fell against most of its 16 major counterparts. The dollar strengthened as retail sales gained the most in five months, further tempering sp

Dollar loses more ground versus yen

Posted by Forexsq 69 days ago (http://www.marketwatch.com)
img Forexsq.com - The dollar lost more ground against the Japanese yen on Tuesday, after the Bank of Japan held its key rate steady and didn’t announce further policy easing.

The dollar USDJPY +0.42% bought 82.16 yen, compared with ¥82.26 in late North American trading on Tuesday.

The move came after the Bank of Japan unanimously decided to keep its key overnight call rate at 0% to 0.1%.

Dollar index extends gains in Asia trading

Posted by Forexsq 70 days ago (http://www.marketwatch.com)
img The dollar extended its sharp gains during Asian trading hours on Monday after last week’s strong jobs report in the U.S.

The ICE dollar index DXY +0.09% , which measures the greenback against a basket of six currencies, traded at 80.065 from 79.985 in late North American trading on Friday.

The dollar rose more than 1% against the euro on Friday and hit a 10-month high against the Japanese

Currency Volumes Surpass Pre-Lehman Peak, BIS Estimates

Posted by Forexsq 70 days ago (http://www.bloomberg.com)
img Forexsq.com - Currency trading may have risen to a record $5 trillion a day in September, surpassing the peak reached before Lehman Brothers (LEHMQ) Holdings Inc.’s collapse in 2008, according to the Bank for International Settlements.

Trading then declined to about $4.7 trillion a day in October and is likely to have fallen considerably in early 2012, the Basel, Switzerland-based bank said in

Dollar gains versus major rivals

Posted by Forexsq 73 days ago (http://www.marketwatch.com)
img Forexsq.com - The dollar gained against the yen and most major rivals on Friday, with details on Greece’s bond swap due as well as key U.S. jobs data.

The dollar USDJPY +0.29% bought 81.79 yen, up from ¥81.60 in late North American trading on Thursday, and ¥81.21 on Wednesday.

The ICE dollar index DXY +0.28% , which measures the greenback against a basket of six currencies traded at 79.21,

Euro Drops as Greece Uses Collective Action Clauses to Complete Debt Swap

Posted by Forexsq 73 days ago (http://www.bloomberg.com)
img Forexsq.com - The euro fell for the first time in three days against the dollar after Greece said it triggered an option compelling investors to take part in its debt restructuring, damping demand for the region’s assets.

The euro fell versus 13 of its 16 major peers before the International Swaps and Derivatives Association’s determinations committee meets to consider a “potential credit even

Yen Drops as Japan Posts Record Current-Account Deficit

Posted by Forexsq 74 days ago (http://www.bloomberg.com)
img Forexsq.com - The yen weakened against all of its major peers after Japan posted a record current-account deficit, threatening to undermine the currency’s haven status.

The euro advanced for a second day against the yen and the dollar before Greece’s debt-swap offer to private creditors concludes at 10 p.m. Athens time today. The dollar was 0.7 percent from a nine-month high against the yen as

Dollar retreats ahead of Greek bond swap

Posted by Forexsq 74 days ago (http://www.marketwatch.com)
img forexsq.com - The U.S. dollar retreated Thursday, with investors increasingly confident of private-sector participation in a Greek bond-swap deal.

The ICE dollar index DXY -0.30% , which measures the greenback against a basket of six currencies, reached 79.609 in Asian business hours on Thursday, from 79.692 in late trading on Wednesday.

The euro EURUSD +0.50% climbed to $1.3166 from $1.31

Euro Advances From Three-Week Low Versus Dollar Before Greek Swap Deadline

Posted by Forexsq 75 days ago (http://www.bloomberg.com)
img Forexsq.com - The euro strengthened from a three- week low against the dollar on speculation private investors will accept terms of a Greek bond exchange needed for the nation to receive a second rescue package.

The 17-nation currency rallied amid speculation options traders bought it to prevent automatic trades from triggering after recent declines. Australia’s dollar reached a six-week low v