EUR/USD The dollar continued to find support weaker than 1.40 against the Euro during Friday and generally consolidated just weaker than 1.39. With further G20 meetings during the weekend, there was a reluctance to take on additional positions which curbed activity and there were no major US economic data releases. At the G20 meetings, the [...]

G-20 Agrees to Refrain from Competitive Currency Devaluations – USD resumes decline The US dollar collapses broadly today as market participants interpreted a Group of 20 agreement to steer clear of competitive currency devaluations as a green light to resume dollar selling.  According to analysts, this should keep the USD under pressure as the focus [...]

Last week’s currency trading review The Dollar managed modest gains throughout the week with some ‘risk off’ trading sessions and a full pricing in of the QE2 helping to lift the struggling USD. The G20 meeting over the weekend finished with some commitments to keep FX rates stable and an expansion of Asia’s role in [...]

U.S. Dollar Trading (USD) with the G20 meeting already underway into the weekend, Friday’s trading session was subdued with slight rallies in equities keeping the USD under pressure. The G20 meeting resulted in a statement supporting a commitment to ‘refrain from competitive devaluation of currencies’. The comments should support the market on Monday with the [...]

U.S. Dollar Trading (USD) the dollar went to multi-month lows against most majors before market wide aggressive profit taking saw losses turned into gains. Weekly Jobless Claims continued to improve down to 445k vs. 453k previously. Stocks reversed sharply after the US market opened after the Dow Jones tested 11000. In US stocks, DJIA -19 [...]