News about <![CDATA[greenback]]> News about en-us <![CDATA[Euro Maintains Strength Ahead of ECB Meeting]]> The euro remained bullish in overnight trading as investors eagerly await the results of the ECB meeting scheduled to take place tomorrow. It is widely anticipated that the ECB will raise euro-zone interest rates, a move which is likely to cause the value of . . . → Read More: Euro Maintains Strength Ahead of ECB Meeting]]> <![CDATA[Japanese Nuclear Plant Crisis Creating Risk Flight; Boosting USD]]> The US dollar corrected losses against most of the major currencies over the past few days, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market and turned investors to look for safer assets, such . . . → Read More: Japanese Nuclear Plant Crisis Creating Risk Flight; Boosting USD]]> <![CDATA[EUR Sees Bearishness in Overnight Trading]]> Euro zone debt concerns are once again back in the news and have led to a steep drop for the 17-nation single currency in overnight trading. The EUR/USD has dropped over 100 pips in the last 24 hours, and is currently trading below the 1.3900 . . . → Read More: EUR Sees Bearishness in Overnight Trading]]> <![CDATA[NZD Sees Slight Correction in Overnight Session]]> Following yesterday's devastating earthquake in New Zealand, the NZD/USD dropped close to 200 pips, reaching as low as 0.7430 before staging a slight correction in the Asian session. The pair is currently trading just above the 0.7500 level. Meanwhile the price of crude oil . . . → Read More: NZD Sees Slight Correction in Overnight Session]]> <![CDATA[FX Traders Anticipate US Non-Farm Payrolls]]> The euro came off its recent highs following dovish ECB comments and strong employment data from the US. If yesterday's . . . → Full Story: FX Traders Anticipate US Non-Farm Payrolls]]> <![CDATA[Further Bearish Movement Expected for USD Today]]> The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day . . . → Full Story: Further Bearish Movement Expected for USD Today]]> <![CDATA[Market Updates: Citigroup (NYSE:C), Hasbro (NYSE:HAS), AIG (NYSE:AIG)]]> Citigroup (NYSE:C) said on Monday that its third quarter operating profit hit $2.2 billion, or 7 cents a share, versus a $101 million operating profit, and a per share loss of 27 cents a year ago. Citi’s third quarter revenue was $20.7 billion, compared to $23.1 billion a year ago. American International Group Analysts polled by FactSet Research had expected the company to earn 6 cents a share on revenue of $21.8 billion. –Marketwatch

AIG (NYSE:AIG) plan to exit U.S. ownership includes a new $2 billion backstop from the Treasury Department after credit raters said the company may need emergency capital as it regains independence. The funds will be available when…

. . . → Full Story: Market Updates: Citigroup (NYSE:C), Hasbro (NYSE:HAS), AIG (NYSE:AIG)]]>
<![CDATA[Barry Allan: Intermediate and Development Plays Are the Golden Ticket]]> ]]> <![CDATA[Confidence in Euro Continues to Drop]]> ]]> <![CDATA[The Big Mac Index Shows the Chinese Yuan is Still Undervalued]]> <![CDATA[Jim Rogers Advises Investors to Shift Their Money from Dollar to Commodities]]> <![CDATA[India's Prime Minister is bullish on the greenback and the U.S. economy]]> DailyFinance: Indian Prime Minister Manmohan Singh threw his support behind the U.S. dollar as the world's reserve currency and took an upbeat view of the U.S. economy in an interview on CNN's Sunday talk show GPS. The statements come as Singh prepares for a ... Read more]]> <![CDATA[With the dollar falling, why not bet against it? Here's why]]> DailyFinance: Retail investors would do well to avoid this trade: Betting against the U.S. dollar using one of the currency funds or ETFs that have sprung up to take advantage of our flaccid greenback. No, it's not because the dollar is strong or even appears to ... Read more]]> <![CDATA[The buck is burning. That's great for stocks -- for now]]> DailyFinance: Run for your lives! The buck is burning, the greenback is crashing, the almighty dollar is in danger of going the way of the British Pound as the world's No. 1 reserve currency. Or so say the dollar doubters. Are they right? Only time will tell, ... Read more]]> <![CDATA[Last Week’s Global Investments Performance Chart]]> <![CDATA[A Crashing Dow and Rampant Fear]]> Is The Worst Over … Or Is There More to Come?

You’ve no doubt noticed the bloody red ticker symbols streaming across the TV screen and your web pages recently. The bad news is relentless, even good stocks and other securities…

<![CDATA[Strong Dollar Rally Causes Gold Prices to Tumble]]> Gold prices tumbled below $800 per ounce for the first time since late 2007 Friday, as the continuing U.S. dollar rally sparked an across-the-board retreat in commodity prices.

Gold closed Friday at $792 an ounce, a decline of $22.40, or 2.75%.…

<![CDATA[Turbulence in the European Economy Sparks a Dollar Rally]]> The U.S. greenback surged Friday, capping off the biggest weekly dollar rally in three and a half years, as the euro slumped on speculation the European economy would continue to weaken.

The euro fell as low as $1.5008 Friday afternoon, dropping…

<![CDATA[U.S. Energy Prices and the Declining Dollar]]> On the energy front, we’ve seen several days of declining prices. Oil has led the way, falling from about $146 to $126. Coal and natural gas sold down, as well, as did many energy companies and service firms.

So we’ve seen…

<![CDATA[Fed Chair Comments Boost Greenback]]> U.S. Federal Reserve Chairman Ben S. Bernanke came out in support of a stronger U.S. dollar yesterday (Tuesday), indicating the Fed would remain on pause at its next meeting.

Speaking via satellite at the International Monetary Conference in Barcelona, Spain, Bernanke said the Fed is working with the Treasury to “carefully monitor developments in foreign exchange markets.” The Fed Chair said he was aware the effect of the dollar’s decline on inflation and price expectations, Bloomberg News reported.

Also, interest rates are currently “well positioned” to promote both growth and stable prices, he added.

“I can’t recall such a strong defense of the dollar from a…

<![CDATA[A Currency Conundrum: Beware of the U.S. Dollar’s “Head Fake” Rally]]> Don’t mistake the U.S. dollar’s recent rally for strength. If anything, it’s a head fake of legendary proportions.

In fact, the dollar’s recent run-up is actually a warning that risks are escalating.

To better understand what I mean here, let’s look at the greenback’s recent performance against the euro. After bottoming at an all-time low of $1.6019 versus the euro on April 22, the dollar has soared nearly 4% and was trading at $1.5428 per euro early yesterday (Wednesday).

Now many of the Wall Street types expect that rally to continue. Just yesterday, UBS AG (UBS) predicted the greenback would rise to $1.47…