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
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34 comments:

  1. d0tFebruary 25, 2011 at 4:44 PM

    more losses, surprise surprise

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  2. edFebruary 25, 2011 at 5:09 PM

    that earthquake is really taking a toll

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  3. HaliChapFebruary 25, 2011 at 5:09 PM

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

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  4. biebersexgfFebruary 25, 2011 at 5:10 PM

    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. RoyFebruary 25, 2011 at 5:11 PM

    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. AnonymousFebruary 25, 2011 at 5:22 PM

    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. zabuzarFebruary 25, 2011 at 5:23 PM

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

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  8. MetamorphictionFebruary 25, 2011 at 5:23 PM

    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. H.R. WalkerFebruary 25, 2011 at 5:27 PM

    Haha poor kiwi

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  10. AdamFebruary 25, 2011 at 5:31 PM

    hurray for the swiss franc

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  11. Shelby FoxFebruary 25, 2011 at 5:46 PM

    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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  12. KUSHtunesFebruary 25, 2011 at 6:01 PM

    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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  13. PiepantsFebruary 25, 2011 at 6:36 PM

    Nice info, good to keep up on this stuff!

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  14. Eric PFebruary 25, 2011 at 6:36 PM

    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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  15. Electric AddictFebruary 25, 2011 at 6:37 PM

    Print more US $ the less it's worth.

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  16. HillDogFebruary 25, 2011 at 6:54 PM

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

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  17. MattFebruary 25, 2011 at 6:55 PM

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

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  18. nooneFebruary 25, 2011 at 7:32 PM

    Japan is always growing no matter what...

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  19. Aaron M. GipsonFebruary 25, 2011 at 7:56 PM

    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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  20. ScottDFebruary 25, 2011 at 8:39 PM

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

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  21. Chris C.February 25, 2011 at 8:44 PM

    The dollar just keeps looking worse and worse.

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  22. Hom DiddlyFebruary 25, 2011 at 9:38 PM

    Great info, thanks!

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  23. Lendo KharFebruary 26, 2011 at 1:20 AM

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

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  24. UnknownFebruary 26, 2011 at 2:28 AM

    interesting, exp the aud/nzd rose

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  25. ThuganomicsFebruary 26, 2011 at 3:10 AM

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

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  26. DrQmn1February 26, 2011 at 4:35 AM

    sorry for new zealand. about the earthquake

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  27. CharmanderFebruary 26, 2011 at 4:46 AM

    Interesting blog. I will follow for sure

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  28. obiFebruary 26, 2011 at 5:16 AM

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

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  29. T3CHFebruary 26, 2011 at 6:42 AM

    Even higher gas prizes -_-

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  30. Anonymous.February 26, 2011 at 7:07 AM

    !

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  31. l33 v4n cl33fFebruary 26, 2011 at 7:47 AM

    wow, will the dollar ever get up

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  32. ebm93February 26, 2011 at 8:32 AM

    Oh I didn't know that. Thank you.

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  33. Melodic MayhemFebruary 26, 2011 at 12:50 PM

    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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  34. Emijane BoscageFebruary 27, 2011 at 2:54 PM

    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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