The US dollar is declining all other major currencies except the Great Britain pound as the consumer optimism rises better than expected and the US stock market rallies. The greenback fell for the sixth day in a row against the single European currency today and posted a fifth negative daily result against the Japanese yen, while standing strong against the pound sterling for the third day. Ironically, the main trigger for the dollar losses today was […]
Read moreThe New Zealand dollar reached a new a new 3-year high against the greenback today and appreciated against the Japanese yen, showing that the carry trade tendencies are growing stronger now. The kiwi (as the NZD is often called) rose against its major counterparts before some major macroeconomic releases will be reported tomorrow, including April business confidence and money supply data for March. The currency is demonstrating 11.8 […]
Read moreMixed fundamental reports coming out from the US today pushed the EUR/USD currency pair up to a new record maximum level since late December 2009. While there are positive news about the consumer confidence levels and the optimism from the yesterday’s new home sales report, the dollar-negative news about home prices and manufacturing activity are prevailing. EUR/USD is now trading near 1.4619. S&P/Case-Shiller home price […]
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