Forex - Dollar edged up ahead of G8 comments and last week Oil record high - Forex Forum

 
 Reply to this topicStart new topic
> Forex - Dollar edged up ahead of G8 comments and last week Oil record high
Ac-markets.com
post Jul 7 2008, 1:00
Post #1


Senior Member
***

Group: Membre
Posts: 183
Joined: 28-May 08
Member No.: 6,751
Broker: ACM
Demo/Real: Demo
Leverage: 1:1
The Dollar edged up to a one-week high versus a basket of major currencies on Monday, on speculation that comments from G8 officials could push Oil prices further away from last week's record highs.

The Greenback also continued to benefit from a neutral European Central Bank tone, which reduced expectations of further rate hikes after last Thursday's move to 4.25%.

Oil hit 145.85 high on Thursday ahead of G8 meeting in Japan. Crude prices show a close negative correlation with the Dollar because the United States is a heavy energy.

Investors have started to take the view that risks to growth and concern about the financial sector will prevent the Fed from raising the fed funds rate from 2% for now.


View the full article
Go to the top of the page
 
+Quote Post
 

Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Collapse

> Similar Topics

    Topic Title Replies Topic Starter Views Last Action
No New Posts   1 Arnaud Jeulin 4,803 3rd December 2006 - 14:38
Last post by: priscoucou
No new   21 Arnaud Jeulin 14,271 9th July 2008 - 16:31
Last post by: Arnaud Jeulin
No new   508 moise 113,354 11th September 2008 - 10:23
Last post by: Dazzz
No New Posts   0 WHS-Lore 2,834 19th September 2005 - 14:43
Last post by: WHS-Lore
No New Posts   4 Helix.Marvel 3,377 14th October 2005 - 8:53
Last post by: goldfing

Lo-Fi Version Time is now: 16th October 2008 - 5:57
Powered By IP.Board © 2008  IPS, Inc.
Licensed to: Mataf.net
CommunitySEO 1.2.2 © 2008  IPB SEO Module

Welcome Guest ( Log In | Register )

Chat

Forex Forum

English
Français

Economic calendar

[Full Economic calendar]