Eurozone Makes An Appearance

US dollar is lower today as risk appetite makes an appearance in the markets. As commodity prices rise, and equities see a bit of a reprieve from recent troubles, the greenback is pulling back. Concerns about Europe remain, but they are being trumped by other news — especially the imminent Facebook IPO. In less than hour, the Facebook IPO will be launched, and that is the focus today. Equities are expected to be in favor today, and commodities are doing reasonably well. Also weighing on the US dollar is some speculation that the Federal Reserve will introduce more economic stimulus. With disappointing factory data, and with a jobs market (unemployment claims remained flat this week) that continues to show little improvement, concerns about the US economy remain. Quantitative easing is ...

Aussie is turning in a mixed performance today as choppy markets look for direction, and try to process all of the difficulties happening in the eurozone. On one hand, Aussie is lower against the US dollar as risk aversion makes an appearance. But, on the other, the Australia dollar is gaining against European currencies weighed down by difficulties. Against the US dollar, the Australian dollar is losing ground. US dollar is considered a safe haven in times of economic turmoil, so it’s not much of a surprise that the greenback is in demand versus the Aussie. With concerns about bond yields in Spain and Italy, and worries that Greece will end up leaving the eurozone after its political difficulties are sorted, it’s not much of a surprise that many Forex traders seek safe haven in the US ...

US dollar index is recovering somewhat today, thanks to vulnerability shown by some of the other majors today. Once again, the euro is showing a degree of weakness in forex trading, as is the pound. The yen, however, is higher against the US dollar today as a measure of risk aversion makes an appearance. A lot of what is helping the US dollar today is based around the idea that perhaps the Federal Reserve‘s recent announcement about quantitative easing isn’t so bad. Many point out that it makes sense to keep QE3 on the table as long as the US economic recover is sluggish. However, it doesn’t mean that it will be used. As a result, some are rethinking their dollar selling toward the end of last week. Additionally, with the eurozone back in the spotlight, the euro is faltering again. The ...

US dollar is falling across the board today as some optimism makes an appearance in the markets, and as traders continue to digest the latest statement from the Federal Reserve. The dollar index is down today, and greenback is struggling against its major counterparts. Greenback is heading lower today, dropping even though news out of the eurozone continues to worsen. S&P just cut Spain’s credit rating, but that hasn’t had a huge impact on the euro yet. Euro is down from the session high, but losses haven’t been too heavy, and the 17-nation currency is still higher than the open against the US dollar. US dollar is under pressure as a result of the recent policy statement from the Federal Reserve. Ben Bernanke pointed out that the economy is still sluggish, and that further asset ...

US dollar is weakening today as risk appetite makes a cautious appearance in the markets. Yesterday, greenback was higher, and gold prices reached a low not seen for 10 weeks. Today equities are still struggling, but higher gold is helping the euro against the US dollar, and some Forex traders are looking for risk. Some of the fears surrounding economic growth in the eurozone and in China have eased somewhat, and that has provided some of the high beta currencies a little boost today. Euro is benefitting as fears about the eurozone ease somewhat, and as gold prices rise. However, some think that the US dollar will return to strength again soon. The troubles in the eurozone still have not been completely resolved, and the outlook in the United States continues to strengthen. Expectations ...

US dollar is weakening today as risk appetite makes a cautious appearance in the markets. Yesterday, greenback was higher, and gold prices reached a low not seen for 10 weeks. Today equities are still struggling, but higher gold is helping the euro against the US dollar, and some Forex traders are looking for risk. Some of the fears surrounding economic growth in the eurozone and in China have eased somewhat, and that has provided some of the high beta currencies a little boost today. Euro is benefitting as fears about the eurozone ease somewhat, and as gold prices rise. However, some think that the US dollar will return to strength again soon. The troubles in the eurozone still have not been completely resolved, and the outlook in the United States continues to strengthen. Expectations ...

US dollar is getting a boost today as risk appetite fades. After ending last week lower, the US dollar is gaining today as risk aversion makes an appearance, thanks to the results of the G-20 meeting over the weekend. With delegates telling the eurozone to get its act together before approval for more IMF funds will be made, US dollar is higher as Forex traders look for stability. Over the weekend, G-20 delegates complained about the slow process of getting anything done in Europe. From the response to the Greek debt crisis, to the building of a ”firewall” designed to keep the contagion from spreading, European leaders have wrangled over everything. The whole process has been slow, and the G-20 essentially told the eurozone to get its house in order if it wants more contributions to the ...

US dollar is lower today, dropping as Forex traders look forward to a Greek bailout. The expectation is that eurozone leaders will come up with a way to get Greece the money it needs to avoid a messy default. Equities around the world rallied on the news, and the need for safe haven fell, bringing the US dollar down as well. US markets are closed today for the Presidents Day holiday, but the Forex market is open. US dollar is trading lower against high beta currencies as risk appetite makes an appearance. Jean-Claude Juncker expressed optimism that a deal would be reached, and reiterated that European leaders want Greece to remain in the eurozone. The news is creating a feeling of optimism that a deal will get done, and reducing demand for the US dollar. European currencies euro and ...

UK pound is gaining against a weaker euro today, heading higher as worries about Greek debt resume. Greek talks have been suspended for a short time, even though Greek PM Lucas Papademos said that some progress had been made recently. The pound, though, is down against the US dollar as risk aversion sets in. Sterling is pulling back today against the US dollar, following a general rally in January. Equities saw some gains recently, thanks to improved economic data, and that helped the pound. Now, though, risk aversion is creeping back in and equities are falling as uncertainty about Greece and the eurozone makes an appearance. There are other challenges facing the UK pound as well. While sterling could remain supported against the euro as long as the Greek debt issue is a concern, it is ...