Friday, February 25, 2011

EUR/USD

The Dollar finished the week with more losses than gains in the market. EUR/USD fell on Friday after being unable to hold above 1.3800, to end the week hovering around 1.3730/60. Despite the retreated from 3-week highs at 1.3839, the Euro managed to finished above 1.3700, posting the highest weekly close since early November.

The Euro finished mixed across the board. Next Thursday the ECB will decide on monetary policy. According to the Danske Bank, the ECB Governing Council meeting looks set to be unusually interesting: “We will find out if the ECB plans to continue with full allotments in its market operations”.

USD/CHF fell sharply and posted the lowest weekly close on history while GBP/USD failed to hold to gains and finished the week lower, around 1.6100, on retreat after hitting at 1.6271 on Wednesday, the highest price in 20 days. The Swiss Franc and the Yen were the best performers during the week.

Among commodity currencies, the worst performer was the Kiwi that sank across the board affected by an earthquake that shook New Zealand on Tuesday. AUD/NZD rose to 1.3547, hitting the highest price in 10 years.

source: http://www.fxstreet.com

35 comments:

  1. more losses, surprise surprise

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  2. that earthquake is really taking a toll

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  3. I am happy to see SP500 bounce off that 1300 level :)

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  4. cool blog mate, wanna make money I would bet on 3 D systems or Stratasys shares. Cmon check my blog http://biebersexgf.blogspot.com/, I no leachers ;)

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  5. This is going to be an incredibly handy blog for me since I have long wanted to get into trading currency but it's always seemed so complicated. This is a really nice summary of events which is easy to understand.

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  6. Hmm interesting. It's to be expected that the Kiwi would fall after the quake. Thanks for the useful update.

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  7. iv been planing on starting currency trading but ill be following your posts to get an insight into currency

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  8. Finally, somewhere to get all this info in a single place. This is now officially my go-to source for currency updates. Thanks!

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  9. that's kind of sad that the Kiwi sank....you'd think the earthquake wouuld be enough punishment for them. Alas, the markets are a cruel thing.

    I'm just happy the CDN dollar is still above par =)

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  10. I need to start watching money/business networks when i'm not doing anything. i feel like this would make more sense.

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  11. Nice info, good to keep up on this stuff!

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  12. Wow, the fluctuations in the currency market are incredible. So many minutae affect the currency market, it's crazy how many different factors there are.

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  13. Print more US $ the less it's worth.

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  14. Hoe does the kiwi become lower and the AUD/NZD become higher? I don't get it.

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  15. It's sad to think that the earthquake is hurting the Kiwi.

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  16. Japan is always growing no matter what...

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  17. I don't think I've ever heard of the time when the Swiss Franc was ever doing badly. There is something to be said for neutral countries and their more pragmatic consumer base.

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  18. I like to learn about things Im not familiar with or do not have. Thanks for the information.

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  19. The dollar just keeps looking worse and worse.

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  20. Poor New Zealand, didn't know about the earthquake.

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  21. interesting, exp the aud/nzd rose

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  22. i think i would wait off on buying foreign currency for now. probably continue to drop

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  23. sorry for new zealand. about the earthquake

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  24. Interesting blog. I will follow for sure

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  25. thanks for the useful info i wish i had the smarts to play the market.

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  26. Oh I didn't know that. Thank you.

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  27. yah, I'm so tired of knowing every time I see a pound or euro cost I have to double it :(

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  28. I'm learning a lot about how money works from this blog. I value anything that makes my time worth more, and the more I know about how money works, the more I can have money work for me instead of working for money. Thanks anyways.

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