Hello, it’s Thursday, October 06, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar fell against most major currencies as the appetite for riskier assets increased and investors preferred to purchase higher yielding assets over the greenback. ADP Non-Farm Employment Change data came out 91k better than expected 76k, [...]
Hello, it’s Tuesday October 4, 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar strengthened against most of the major currencies as concern about Europe’s debt crisis overshadowed higher-than-estimated U.S. economic data. Treasury bonds rallied as the Federal Reserve bought longer-term debt. At the same time, ISM Manufacturing PMI [...]
Hello, it’s Monday, October 3, 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar strengthened against most of the major currencies on concerns global growth is slowing, thus boosting investors’ demand for currencies perceived as being the safest. It is important to notice that the US Dollar rally is [...]
The Dollar declined against the major currencies over optimism that European leaders are close to an agreement to contain the region’s debt crisis, damping demand for refuge. In addition, CB Consumer Confidence came out less than the analysts forecast at 45.4 vs. 46.2, further supporting dollar weakness Dollar. Wall Street closed higher for a third [...]
USD Dollar (USD) – The US Dollar declined against the major currencies amid optimism that European leaders are close to an agreement to contain the region’s debt crisis, damping demand for a refuge currency. In addition, the CB Consumer Confidence came out less than forecasted at 45.4 vs. 46.2 supporting a weak Dollar. Wall Street [...]
Hello, it’s Monday, September 26, 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The Dollar continued with its bullish trend against the other major currencies as the Fed said they saw “significant downside risks” to the U.S. economy, and the European debt crisis continued to be at the top of the [...]