us dollar is safe haven
The Us Dollar Benefits From Its Safe Haven Status As Euro Suffers
The US Dollar benefits from its safe haven status as Euro suffersWhat’s new?Wall Street: Sharp decline after disappointing Retail Sales figures.Euro zone: Larger than expected fall in industrial production.United States: Retail Sales lower in AprilToday:09h15 Switzerland: Producer & Import Prices Index M/M (APR), exp 0.40%, previous -0.50%.10h0
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Momentum Continues to Support Canadian Dollar
The Canadian dollar continues to be one of the best performers despite broad-based gains by the U.S. dollar and more negative sentiment in financial markets.The risk aversion dominating currency markets is not supporting USD/CAD, as the cross remains under pressure. The Canadian dollar is the second best performer against the U.S. dollar - second only to the British pound - among G10 currencies.The U.S. dollar saw broad gains following higher-than-expected core CPI data. However the rally in
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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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Yen Continues Slump as Safe-Haven Status is Questioned
Political and economic instability in Japan are weighing on the yen as market watchers question its status as a safe-haven currency.The yen is the worst performing G10 currency on Tuesday and has declined in five of the past six sessions. The decline came even as equity indexes in the U.S. fell to 11-year lows and the Nikkei neared a 26-year low.Most recently, the U.S. dollar was up 2.16 to 96.77 JPY -- the highest level since Nov.
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Canadian Dollar Shrugs off Negative Market Sentiment
According to some market strategists, some Canadian dollar buying in London is helping to boost the Canadian dollar against the greenback, Monday morning.The Canadian dollar is the second best performer against the U.S. dollar, but it is unlikely the loonie is benefiting from risk aversion sentiment, some strategists say. They pointed out that as soon as the short term flow is finished, the Canadian dollar could weaken significantly.USD/CAD traded higher overnight but hit its high during the
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Traders Hesitant to Short U.S. Dollar Ahead of Friday's NFP Report
U.S. dollar bears could be a little hesitant to look for further losses in the greenback ahead of Friday's nonfarm payrolls report.The U.S. dollar was under extreme pressure Thursday as U.S. equity indexes showed almost 3% gains across the board. The U.S. dollar index lost a full point on the day, closing at 84.446. The greenback gave back most of the gains it has made since March 27. Investors on Thursday morning were eager to move away from
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US Dollar Canadian Dollar (USD CAD) analysis
Forex trading. USD/CAD (US Dollar Canadian Dollar) technical analysis
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Forex - Investors moved into the safe havens of the Dollar, Yen and Swiss franc.
The Dollar climbed to its highest since February 2007 against a basket of currencies on Tuesday as investors bet that interest rates outside the United States will fall sharply to shore up global growth. Concerns over the global economy's health moved investors away from stocks into the safe havens of the Dollar, Yen and Swiss franc. The Fed
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Bank of England's Blanchflower Says UK Recession Could Worsen
Bank of England policy-maker David Blanchflower said the UK recession could worsen significantly in the coming months.A range of macroeconomic forecasters now expect that 2009 will be the sharpest contraction of the UK economy in the post-war period, he said.He said more action may have to be taken to restore confidence in the banking system, and that the UK needs a stimulus of as much as £90 billion to halt the stream of job losses. As
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