Fara Wave

The EUR opened immediately higher against the USD, after the G8’s joint statement failed to mention the USD, but the USD soon rebounded after crude oil prices opened lower. Also some dealers expected the EUR’s G8 inspired gains to be muted because, even though the EUR declined sharply coming into…
Go to Original post

The dollar held steady near a four-month high against the yen on Monday after dipping earlier on disappointment that Group of Eight countries had failed to address the weakness of the U.S. currency at a weekend meeting.
Go to Original post

The greenback put up its best week in 3 years rallying nearly 5 big figures in five days as market expectations regarding US interest rates changed dramatically. As we noted in our special report Fed Rate Hike Ready or Not regarding Chairman Bernanke uber hawkish remarks last week, ‘This was…
Go to Original post

The Australian dollar eased in early European trading as the USD continued its winning ways, falling around 60pts before we ran into Real Money bids near yesterday’s lows around 0.9330. From there the AUD drifted back toward 0.9380-0.9400 as the USD eased across the board.
Go to Original post

The dollar rallied broadly on Friday as well ahead of the G8 meeting, but late sales in the European currencies avoided the break of significant technical levels. With the G8 meeting out of the way, the US currency should decline first and then attempt to rally again. With the G8…
Go to Original post