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US Dollar News

US Dollar Declines Vs Euro After a Volatile Session

June 21, 2012 0 Comments
US Dollar Declines Vs Euro After a Volatile Session

The US dollar fell versus the euro on Wednesday as the US Federal Reserve kept its interest rate unchanged and extended its monetary stimulus program which widely known as “Operation Twist”.

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Greenback Gains on Safe Haven Status

May 4, 2012 0 Comments
Greenback Gains on Safe Haven Status

The US dollar gained versus its major counterparts on Friday as investors were concerned on global economic recovery after the release of weaker US jobs data. Investors shifted their focus towards the safe haven status of the greenback on the indication that US and global economic growth is slowing down. According to the latest report […]

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Greenback Jumps on Better Economic Data

May 2, 2012 0 Comments
Greenback Jumps on Better Economic Data

The US dollar recovered from its lowest in two and half months after the release of better than expected manufacturing data by ISM on Tuesday. Traders were optimistic that US economy is on the track of improvement. The better than expected manufacturing data also rejected all the rumors that the US Federal Reserve could go […]

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US Economy Gains 2.6% in First Quarter

April 18, 2012 0 Comments
US Economy Gains 2.6% in First Quarter

The US economy is said to gain by 2.6 percent per annum for the first quarter of 2012 according average estimates of economist polled by MarketWatch. Two weeks ago analysts forecasted the figure of 2 percent for growth in US economy and since then economists were changing their projections on much higher figure in reaction […]

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US Dollar Gains as Yields in Euro Zone Rise

March 30, 2012 0 Comments
US Dollar Gains as Yields in Euro Zone Rise

US dollar gained on Thursday as the euro weakened in reaction to increase in yields of euro bonds. Further to put pressure on the single currency workers in Spain went on a strike in reaction to implementation of austerity measures before the announcement of country’s budget plans. Yields on Spanish and Italian 10-year bonds also […]

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US Dollar Gains Widely But Declines Vs the Yen

March 29, 2012 0 Comments
US Dollar Gains Widely But Declines Vs the Yen

The greenback was stronger against its major rivals on Wednesday expect Japanese yen on less than expected US durable goods orders data. As Japanese exporters are preparing to close their fiscal year on March 31st, 2012 the less than expected US durable goods data in actual boosted the Japanese yen. Director of currency research, Kathy […]

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China Makes Greenback’s Safe Haven Status Appealing

March 21, 2012 0 Comments
China Makes Greenback’s Safe Haven Status Appealing

Investors shifted their focus toward the greenback on its safe haven status due to indications of economic slowdown in China. Greenback jumped against the Australian dollar as BHP Billiton showed its concerns over the China’s economic conditions and commented that iron ore demand in China is decreasing. The Australian dollar fell 1.2 percent to 1.0477 […]

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Australian Dollar Declines on Worries Over China’s Outlook

March 21, 2012 0 Comments
Australian Dollar Declines on Worries Over China’s Outlook

Australian dollar fell on Tuesday as the BHP Billiton Ltd’s executive showed his concerns over China’s economy and said that Chinese demand for iron ore could decrease to single digit. China import almost 60 percent of world’s steelmaking equipment. The Australian dollar fell 1.1 percent versus the US dollar to 1.0488 on Tuesday. However, most […]

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Australian Dollar Declines to Its lowest Since January

March 15, 2012 0 Comments
Australian Dollar Declines to Its lowest Since January

Australian dollar declined to its lowest since mid January on Wednesday as the US dollar strengthened on US Federal Reserve’s latest statement. The US Federal Reserve indicated no further monetary policy easing in short term future. The Australian dollar also remained lower due the economic slowdown in China which happens to be Australia’s huge trading […]

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Non Farm Job Increase Keeps US Dollar Running

March 9, 2012 0 Comments
Non Farm Job Increase Keeps US Dollar Running

The United States created 227,000 non-farm jobs in February, whilst economists had forecast generally about 210,000 new jobs. In addition, the job creation figures of December 2011 and January were revised up to 223,000 and 284,000 respectively. This data has eclipsed the trade deficit reported for the month of January, to $52.6 billion, while analysts […]

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