Tag: Currency

US Dollar Drops to 15 Month Low

by

Whenever there has been a world crisis, it has been typical for foreigners to seek the safety of the US dollar. A common means to accomplish that has been to buy US Treasury debt. The typical example over the past couple of years is that the demand for US Treasury debt has increased at the various peaks of crises among the European Union nations such as Greece, Ireland, Spain, Portugal, and the like.

As a result of these surges in demand, the US Dollar Index, which reflects the value of the dollar against other currencies, tends to increase.

Read more →

Trading Forex To Advance Your Financial Position

by

Everyday, currencies are traded in an international foreign exchange market, otherwise known as the forex market, with the main marketplaces (otherwise known as bourses) existing in the world’s financial cente New York, London, Tokyo, Frankfurt and Zurich. Historically, the only…

Read more →

The Earthquake and the FX Market

by

The tragedy in Japan is only just now beginning to be understood as various reports come in of thousands of deaths, massive flooding, and nuclear facilities that are in danger. Because of this, traders will have to be pragmatic as far as how they approach the FX markets, especially when it comes to the Yen.

Read more →

Euro Slides as Moody’s Cuts Portugal’s Credit, Technical Momentum Wanes

by

The euro halted three days of gains versus the dollar as Moody’s Investors Service downgraded Portugal’s credit rating, reviving concern about Europe’s ability to solve its debt crisis.

The 17-nation common currency depreciated versus all but two its major counterparts after Portugal was cut two steps by Moody’s yesterday to A3, four steps from so-called junk status. The rating company said its outlook remained negative given Portugal’s “subdued growth prospects” and risks that the government won’t be able to implement deficit-reduction plans.

Read more →