Monday, February 28, 2011

Dollar recovers ground

Wall Street lost momentum after a strong opening. Main indexes are off session highs; the DOW is rising 0.35% and the NASDAQ is falling 0.41%, despite a decline in crude oil and positive economic data from the US. In London, the FTSE 100 lost 0.12% and in Germany the DAX gained 1.21%. Crude oil is retreating on Monday, trading at the moment around $98.00 a barrel while gold continues to move in ranges between $1,407 and $1,415.

In the currency market, Dollar managed to hold during the American session and trimmed losses in many crosses. EUR/USD retreated further and reached a session low at 1.3778; the Euro is still up for the day but off highs. GBP/USD is hovering around 1.6250, near daily highs and more than 150 pips above the price it had at the beginning of the day. USD/JPY failed to rise above 82.00 and is now pulling back, approaching 81.80.

The Loonie is outperforming the Kiwi and the Aussie and is rising in the market. USD/CAD reached fresh 3-year lows while AUD/USD and NZD/USD remained steady.

source: http://www.fxstreet.com
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18 comments:

  1. ChuckFebruary 28, 2011 at 2:58 PM

    Dammit FTSE

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  2. ChefJRHFebruary 28, 2011 at 3:10 PM

    Thanks for the great information.

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  3. HaliChapFebruary 28, 2011 at 3:16 PM

    As a Canadian I am def happy to see our dollar stay strong vs the USD.

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  4. d0tFebruary 28, 2011 at 4:24 PM

    I wonder how the lack of US budget is affecting global trading patterns?

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  5. RoloFebruary 28, 2011 at 4:38 PM

    would love some analysis along with the news, so those of us who aren't financially inclined are able to absorb this into our brains.

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  6. Aaron M. GipsonFebruary 28, 2011 at 5:57 PM

    LOL Look at the loonie go! I guess Canada's economy has always been very strong though especially this time of year.

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  7. MetamorphictionFebruary 28, 2011 at 6:14 PM

    Yay! Slightly good news for us Americans!

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  8. UnknownMarch 1, 2011 at 12:29 AM

    i suggest to buy massive euros now :3

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  9. AWLBlogsMarch 1, 2011 at 1:02 AM

    Its annoying that other currencies change value now when you need to exchange your money :/

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  10. AtlasMarch 1, 2011 at 1:26 AM

    It's all because of that damn Yeti inflation ;)

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  11. SpikeMarch 1, 2011 at 2:00 AM

    thanks for keeping me up to date

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  12. l33 v4n cl33fMarch 1, 2011 at 4:12 AM

    i love seeing the changes in currencies

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  13. Obi-wan MikenobiMarch 1, 2011 at 6:23 AM

    1.6250 isn't bad.

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  14. edMarch 1, 2011 at 7:30 AM

    im sure the dollar will make a comeback

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  15. AnonymousMarch 1, 2011 at 12:47 PM

    always something to write about currency

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  16. 2nd_lawlMarch 1, 2011 at 12:48 PM

    gogo yens

    ReplyDelete
  17. SvipisMarch 5, 2011 at 11:08 AM

    It's realy not good

    ReplyDelete
  18. SvipisMarch 5, 2011 at 11:09 AM

    It's realy not good

    ReplyDelete

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