After posting gains for several days, the dollar has declined versus forex majors on the September 2 forex trading day. It looks like the investors have placed their trust back on other major currencies following the release of better economic forecast and figures, suggesting that global economic recovery, though slow, maybe on its way. From [...]
Risk aversion led to the US dollar posting gains against many major currencies in the forex trading market. The US stocks market suffered from a drop, with Dow Jones and NASDAQ dropping by -1.39% and -1.56% respectively. The Core Price Index came out as expected at 0.1%, while the report for Personal Spending posted a [...]
After posting losses against most of the majors for a number of consecutive days, the US dollar has gotten some help from strong economic data. On August 5th, the US dollar was supported by better than expected ADP Non-Farm Employment Change, which came out at 42k, a whopping 17k improvement over the expected 25k. As [...]
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