Dollar reverses course despite positive US data

Dollar reverses course despite positive US data Government figures also showed a narrower U.S. trade deficit and mild inflation outside of a spike in gas and drug prices

Dollar reverses course despite positive US data Government figures also showed a narrower U.S. trade deficit and mild inflation outside of a spike in gas and drug prices

After the disappointing US current account data , traders have realized which countries have strong trade balances, namely Germany and Switzerland.

EUROPEAN SESSION UPDATE: Greek 10-year bond yield sheds 64 basis points following upgrade; Sterling testing yearly high…

Sterling rises slightly towards yearly high on minutes from the last meeting; BoE sees inflation above target in the upcoming year…
IFO institute reports its business climate survey at 102.4 in December; business optimism contrasts with recent cuts to Bundesbank growth forecasts…

The investing horizon is hazy today as neither the high beta and risk-correlated currencies nor the safe havens have firmly established themselves as the clear frontrunners. However, the Japanese Yen remains one of the strongest majors while the Euro remains one of the weakest.

BBA loans for house purchases at 30,503 in August; mortgage approval numbers still considered subdued…

Consider the dollar's changing value when investing in global companies

The “Big Mac Index” suggests a new long-term trend for the Chinese yuan while the US dollar tries to bottom.

The UAE will keep its currency peg to the US dollar even after Standard & Poor’s downgraded the world’s biggest economy, and Oman sees no risk in investing in US treasuries, officials said yesterday.