EUR-USD
Fed Rate Cut Looking Likely
The USD fell against the Euro for the fifth day on speculation of a Federal Reserve interest rate cut later today.
It is expected that the Fed will cut the interest rate by a full percentage point to steady the shaky economy.
The US economy hasn’t been helped with the news of Bear Stearns being bought [...]
Dollar Rebounds From $1.5651 Against Euro
The USD rose to $1.5565 after falling to an all-time low against the Euro of $1.5651.
The rise came after speculation that central banks will intervene for the first time in 13 years to strengthen the US dollar.
The rebound reduced the US dollars weekly losses which reached a 12 year low against the Japanese Yen, near [...]
Trading Currency After News Spikes
Today we have a classic example of a news spike. We can see a huge decline in the Euro against the USD, from highs in the region of $1.5490 all the way down to $1.5280. That marks a fall of around 210 points in only a matter of a few hours.
However, notice the 55-day moving [...]
Dollar Decline Set To Continue
Further to our recent report on the USD record-breaking fall against the Euro, we have seen forecasts of further USD declines in 2008 against the Euro, Yen and GBP.
Morgan Stanley, the second largest US securities firm cut it’s forecasts with expectation that the USD will fall to $1.55.
Expectations of further Federal Reserve interest rate cuts [...]
Euro Breaks $1.50 Mark
The Euro strengthened to more than $1.50 dollars for the first time in the short history of the Euro currency.
Speculation that Bernanke will cut US interest rates further brought further weakness to the USD. German business confidence unexpectedly strengthened in February which lessened predictions of an ECB rate cut.
The USD also fell to an all-time [...]
Dollar Could Fall Further
The USD made a recovery today against the Euro with U.S. consumer prices increasing last month. These figures suggest that the Federal Reserve will make a less aggressive interest rate cut later today (19:00 GMT).
Robert Sinche, head of global currency strategy at Bank of America Corp. said, “The Fed is likely to go ahead and [...]
Further Fed Rate Cut Expected
The US dollar fell against Euro on speculation of a further Federal Reserve benchmark rate cut tomorrow.
The USD fell to $1.4736 at 10:35 am (EST), a fall of 78 points from yesterdays figure of $1.4658 yesterday.
Some experts are predicting a largely doveish outlook for the USD. Kenichiro Fujita of Aozora Bank LTD in Tokyo said [...]
Euro’s Embraced In The Big Apple
New York City is seeing some shops and retailers accepting payments in Euro’s and other foreign currency as the USD continues to weaken across the board.
As foreign currency continues to strengthen against the greenback, more and more foreign tourists are flocking to the Big Apple, and taking their foreign currency with them.
Although shops and businesses [...]
USD Recovery
After yesterday’s 0.5% interest rate cut sent the US dollar lower against the Euro and the Swiss Franc. The USD fell to Sfr 1.0798 against the Swiss Franc and $1.4914 against the Euro.
However, Thursday saw a rally for the dollar. This came amidst failure among US bond insurers heightened fears the safety of bank assets.
“In [...]
Dollar Rate Cut Likely
The Euro rallied against the US dollar on speculation that the Federal Reserve will cut the benchmark interest rate by a half percent later this week.
Last week the Fed took emergency action by cutting the interest rate from 4.25% to 3.5%, with a further 0.5% rate cut likely this week, that would take the interest [...]
