- 22 February 2012
Risk aversion leads to USD gains
The USD was able to largely recoup the losses it took on Monday throughout yesterday's trading session, as ongoing euro-zone worries led to risk aversion in the market place. The EUR/USD fell over 100 pips yesterday, to just below the 1.3200 level, before staging a mild upward correction. The AUD/USD also fell close to 100 pips yesterday. The pair has been unable to break the 1.0800 resistance level and has dropped as low as 1.0652. Meanwhile, against the Japanese yen, the dollar has managed to hang onto recent gains, but has been unable to break above the 79.90 level.
- 20 February 2012
Euro-zone news forecasted to influence USD today
The US dollar closed out last week on a mixed note, as it was able to maintain gains against the Japanese yen while taking losses against the euro. A positive US Unemployment Claims figure on Thursday helped contribute to investor optimism in the US economic recovery, and resulted in the USD/JPY closing Friday's session at 79.55. That being said, expectations that Greece will receive its long sought after bailout package when euro-zone finance ministers meet today resulted in some risk taking during Friday's session. The news helped lift the EUR/USD above its recent three-week low, and the pair was able to close out the week at 1.3143.
- 16 February 2012
USD moves up following fresh euro-zone worries
The US dollar saw gains against several of its main currency rivals yesterday, following negative euro-zone news that cast doubts on whether Greece will be able secure a much needed bailout package. The EUR/USD dropped as low 1.3065 before staging an upward correction and stabilizing around the 1.3100 level. Against the Swiss franc, the USD jumped close to 100 pips before stabilizing around the 0.9215 level.
- 21 February 2012
USD tumbles after greek debt deal reached
The US dollar started the week off on a bearish note, as investor risk appetite went up amid hopes of that Greece would receive its much needed bailout package. That trend continued throughout the day and into overnight trading, after the Greek bailout deal was approved. The EUR/USD rose to just below the 1.3300 level before staging a slight downward correction. The AUD/USD shot up to the 1.0815 level before correcting itself during overnight trading. The pair is currently trading around 1.0735.
- 17 February 2012
Dollar gains on yen following unemployment figure
A better than expected US Unemployment Claims caused the USD to extend its bullish trend against the Japanese yen during yesterday's trading session. The first-time jobless claims figure came in at 348K, its lowest level in four years. The news sent the USD/JPY toward the psychologically significant 79.00 resistance level. At the same time, ongoing fears about whether Greece will receive a much needed bailout package sent the euro considerably lower against the greenback. The EUR/USD dropped below the 1.3000 level yesterday, to hit a three-week low.
- 15 February 2012
USD capitalizes on Euro-zone, Japanese news
The US dollar was largely bullish throughout yesterday's trading session, as news out of both Europe and Japan sent investors to the safe-haven currency. Following the credit downgrade of several EU countries, the euro tumbled against the greenback, dropping as low as 1.3126 before staging a mild upward correction. Against the yen, the dollar was boosted after the Bank of Japan announced that it was increasing its asset-buying program in an attempt to strengthen Japan's economy.