is the dollar expected to rise or drop

Grim Canadian Data Could Add to Canadian Dollar Weakness

Weaker Canadian data could be having a slight impact on the Canadian dollar as equity momentum dominates currency markets.A drop in equities is causing a rally in the U.S. dollar across the board. Positive market sentiment caused a modest sell-off in USD/CAD in the Asian session. However, the sentiment dissipated just before the North American open. The cross is trading around the 1.24 level.The Canadian dollar continues to be one of the worst performers against the U.S.

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Aussie Dollar Could Drop on Weaker-than-Expected Employment Report

The Antipodean currency has experienced a choppy ride during the past week. A wave of risk aversion on Tuesday caused the Aussie dollar to drop two cents and give up most of its gains during the week.Today the Aussie dollar has remained relatively range bound, hitting a session high of 0.6601 USD and a session low of 0.6483 USD. The Aussie dollar is up 0.23 cents to 0.6571.Strategists are waiting for January's employment number, which they said could add to

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Euro and Pound rise on better than expected ADP Employment report

FXstreet.com (Barcelona) ? ADP expects a private employment loss of about 491,000 in the U.S. April, a number somewhat lower than the 650,000 decline expected, which could point out to a slowdown on the unemployment growing pace we have been seen in the last months.EUR/USD has been favoured by the ADP report and the pair has jumped from levels around 1.3280 to a new intra-day high at 1.3360 right after ADP data was released.GBP/USD has jumped from levels right above

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Dollar Falls Against Yen Following Drop In Japan’s Gdp

Dollar falls against Yen following drop in Japan’s GDPWhat’s New?United Kingdom: Consumer prices and retail prices lower than expected.United States: Housing starts and permits tumble to record lows.United States: Weekly retail sales show weak consumer demand.Japan: Economy shrinks 4% in the 1st quarter.Today: 10h30 United Kingdom: Bank of England

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Forex - Dollar rallied on Wednesday supported by drop in Oil prices and improved confidence in financial sector

The Dollar rallied to a one-month peak against the Yen and a two-week high against the Euro on Wednesday, supported by a further drop in Oil prices and improved confidence in the US financial sector.The Dollar also continued to benefit from comments from Philadelphia Federal Reserve President Charles Plosser, who said on Tuesday that the US central

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Sterling Slides After Larger-than-Expected UK GDP Decline

The pound sterling is weaker on Friday following the largest contraction in economic growth since the late 1970's on Friday.UK GDP contracted 1.9% in Q1, its largest fall since the third quarter of 1979, according to a report released Friday. Expectations were for 1.5% fall after Q4's 1.6% contraction. Meanwhile, March retail sales in the UK rose 0.3% versus an expected 0.3% fall and previous 2.0% contraction. Annual retail sales were up 1.5% versus an expected 1.1%

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The Dollar Continues To Fall, Volatility Expected This Afternoon, England Could Lose Its Credit Rating "aaa"

The dollar continues to fall, volatility expected this afternoon, England could lose its credit rating "AAA"What’s new:UK: the English state could lose its credit rating "AAA".Europe: Utilities market drop 35.6% in 1st quarter 2009.US: Home sales down in March, following February rebound. US: Weekly Applications for grants incr

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