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(Reuters) - Traded volumes on Australian wheat futures spiked on Monday after slowing to a trickle last week in the wake of the collapse of U.S. futures broker MF Global Holdings Ltd (MFGLQ.PK), the key market maker in Australian grain futures. More than 8,000 eastern milling wheat contracts were traded by late afternoon Sydney time, including trades during the Friday night session. Also more than 3,000 Western Australia Wheat futures had traded on bourse operator ASX Ltd's (ASX.AX) 24 hour agricultural commodities futures trading platform. Average volumes before MF Global's collapse were around 1,800 combined contracts per day, according to ASX. For the most active January milling wheat contract the volume jumped to 6,179 lots by 0414 GMT (11:14 p.m. ET), the highest ever. Traders ...

A tightening of monetary policy in Singapore was the main factor in the dollar dropping to record lows against several of its main currency rivals in trading yesterday. The EUR/USD pair went as high as 1.4123 before staging a downward correction. At the moment the pair is trading around 1.4025, still well above the psychologically significant 1.4000 level. Whether or not the dollar can extend its gains today will likely depend on a batch of US news events. Economic News USD - USD Values Likely to Be Influenced by Bernanke Speech After plummeting to record lows against its main currency rivals in early morning trading yesterday, the greenback was able to stage a recovery and recoup some of its losses. The USD/JPY pair hit its lowest point since April 1995 yesterday, when it dropped to ...

This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today's report on US personal spending at 12:30 GMT may provide a glimpse into other growth prospects before this week's more important data releases get published. Economic News USD - USD's Rise Slowing Prior to NFP Week The rising value of the US dollar over the past week has begun to meet resistance against a number of currency pairs. The EUR/USD fell as low as 1.2600 on Friday, before returning to trade near 1.2745 in today's early morning hours. The GBP/USD also hit as low as 1.5390 before popping back up to 1.5545 today. The sudden rise in risk aversion was one explanation being offered for this most ...

The U.S. dollar corrected looses against most of the major currencies during last week's session, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market, and turned investors to look for safer assets, such as the dollar and the Japanese yen. Crude Oil prices also fell as a result. With a heavy news week ahead, this trend might extend if the economic publications will continue to provide signals for a slowdown in the global recovery. Economic News USD - Negative Economic Data Boosts the Dollar The U.S. dollar rallied vs. most of the major currencies during last week's trading session. The dollar gained about 500 pips against the euro and about 400 pips against the British Pound. The dollar fell last week as a result of several ...

Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets. At first U.S. Durable Goods came negative at -1%, at 12:30GMT later at 18:00GMT Beige book revealed a gloomy outlook for U.S. economy. Although company earnings are still high, yesterday fears about recovery came back to dominate the markets. Economic News USD - Traders Shift from EU Debts Concern to U.S. Economic Outlook U.S. macro data came far less than expected. Investors responded by moving away from riskier assets back to buying the Yen and U.S. Dollar. The EUR/USD was slightly down after U.S Durable Goods was published, The USD/JPY traded lower, currently trading at $87.22 as investors feel safer holding the ...

The U.S currency dropped to its weakest level in 2010 against the Japanese Yen as signs the U.S. economic recovery is losing momentum supported speculation that the Federal Reserve will keep borrowing costs low for the rest of the year. The USD also declined versus the EUR for the first time since May as a gauge of U.S. consumer confidence dropped more than economists expected and corporate revenue missed analyst forecasts. Economic News USD - Dollar Weakens on Signs of Economic Slowdown The U.S Dollar fell the most against the EUR in 14 months and dropped to the lowest level this year versus the Yen as economic reports added to evidence that the U.S. recovery is losing momentum. The greenback touched a level weaker than $1.30 versus the European currency as minutes of the Federal ...

Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 14:00 GMT. Economic News USD - USD Rises against EUR on Sign of Strengthening Economic Recovery The dollar rose broadly against the EUR but remained steady against its other rivals Monday morning, as news out of the Group of 20 gave investors little incentive to stake bold positions. By yesterday's close, the USD rose against the EUR, pushing the oft- traded currency pair to 1.2280. The dollar experienced similar behavior against the AUD, with the pair closing at 0.8715. The USD did see bearishness as well, as it ...

The U.S. dollar traded well against riskier currencies like the AUD and loonie in overnight trading, but at the same time, took some losses on currencies like the yen and euro. Investors are trying to digest the most recent Fed statement and how it reflects the current state of the global economic recovery. Traders can expect this trend to continue, as we are expecting little in the way of significant news events today. Economic News USD - Greenback Makes Gains as Risk Aversion Resumes Risk aversion appeared to rule the day on Thursday, and carried over into overnight trading today. The latest Fed statement gave a fairly pessimistic view about the current state of the U.S. economic recovery. This appears to be the case despite the fact that the most recent American unemployment number ...

The EUR/USD pair almost touched $1.2500 during yesterday's trading session, but declined sharply thereafter, following a rating downgrade. Fitch Ratings' downgraded French banking giant BNP Paribas from AA to AA-. The move increased analysts' concerns about the economy after the day passed with almost no major news events. Economic News USD - Dollar Rallies on Renewed Euro-Zone Concerns The USD traded higher against most counterparts yesterday, except the Yen, as excitement about China's decision to relax the Yuan's pegged exchange rate subsided and as concerns regarding the stability of the Euro-Zone banking system resurfaced. The EUR/USD pair declined by more than 150 pips after it reached $1.2466 at the start of the New York trading session. Traders moved away from riskier ...