Australian Dollar Under Pressure
July 14, 2009 6:55 pm by Natalie R.The Australian Dollar (AUD) rose from a six week low against the USD late Monday after a rally in the U.S. stock market encouraging demand for higher yielding assets, and hitting a high of $0.7887. The AUD tumbled last week ...
AUD Struggling to Stay Above $0.80
June 22, 2009 12:21 pm by Natalie R.After a strong performance last week, the Australian Dollar started this week on a downtrend as expectations of interest rate hikes unwind over speculations the economic recovery in Australia will be shallow. The move to safer currencies is also supported ...
AUD Under Downward Pressure
June 9, 2009 2:35 pm by Natalie R.The Australian Dollar (AUD) experienced a slight gain today against the USD after dropping to the lowest level since May 28 the previous week due to an advance in U.S and European equity markets. The AUD is highly linked with ...
European Markets Forecast – Week of 2 February 2009
February 2, 2009 12:37 am by Russell GlaserEUR: This past week, the EUR experienced continued weakness against the Dollar as the pair finished down 1.2% to close at 1.2811. For the 5th consecutive week the EUR/USD fell, this time on positive economic developments from the U.S. The passage ...
European Markets Forecast – Week of 26 January 2009
January 26, 2009 7:40 pm by Dan EduardThis week we saw big moves in Europe's 3 main currencies: the Pound, the EUR, and the Swiss Franc. As a whole, when speaking about the Dollar's strength against these 3 European currencies, it recorded big gains during the first ...
American Markets Forecast – Week of 19 January 2009
January 19, 2009 2:59 am by Russell GlaserDespite weaker-than-forecasted U.S. retail sales and unemployment data, the U.S. Dollar gained this week on most major pairs as a loss of risk appetite amidst the economic downturn boosted the greenback. European sovereign credit worthiness and a further drop in ...
