Alex Beuzelin
Alex Beuzelin
continues dollar exchange foreign pessimism
U.S. dollar pessimism continues to pervade the foreign exchange market.
against appear content current dollar fresh major news terms traders within
With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.
again direction dollar economic key lack linked volatility wall
With a lack of any key economic news, once again the direction of the dollar is linked to the volatility on Wall Street.
dollar economy fueled latest market paul policy secretary sentiment strong treasury
Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,
bank central dollar economic european extend likelihood mixed officials paved regard signals strong
A combination of strong U.S. economic fundamentals and mixed signals from European Central Bank officials with regard to the likelihood of intervention, paved the way for the dollar to extend this week's rally.
aggressive conviction dollar market today trade
There isn't too much conviction in the market today to trade the dollar in an aggressive fashion.
attempts dollar key narrow push remained technical traders
The Dollar/Yen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.
across adhere against although bit board continues dollar lower major recent
Although a bit lower across the board this morning, the U.S. dollar continues to adhere to its recent ranges against the world's major currencies.
change economy fed good impact insight provide view
At the end of the day, this is not going to change the view that the U.S. economy is in good shape. Not going to provide any much insight as to how much the Fed has to go. So it hasn't had much of an impact on the dollar.
creation job labor pace shows slack
Undoubtedly it's a dollar-negative report. This pace of job creation shows there is still slack in the labor markets.
bank combined credit fears japan ongoing possible rating renewed rumors weighed
Ongoing fears of possible Bank of Japan intervention combined with renewed rumors of a possible downgrade of Japan's credit rating also weighed on the yen.
concern expression green light resume since traders
Since there was no expression of concern at the yen's strength, traders interpreted this as a green light to resume their yen buying,
assumption due holiday single trading
Lighter-than-usual trading volumes, due to the Assumption Day holiday in Europe, facilitated the single currency's gains,
appeal enhances interest pound rate relative
It enhances the dollar's interest rate appeal relative to the euro, pound and yen,