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Greenback in currency trading
US economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has fallen to 8.3%, and that the economy added 243,000 jobs in January has boosted demand for the US dollar.
The good news out of the US stands in contrast to the disappointing news out of the eurozone. Disappointing regional data is dragging on the euro so that it cannot take advantage of an environment of risk appetite.
Plus, the US dollar is showing such strength in forex trading that gold prices are pulling back. Gold has been steadily gaining strength, and the combination of profit taking, plus a stronger dollar, is enough to send gold prices lower today.
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FXstreet.com (Córdoba) – The general weakness in USD seen after the 25 Jan FOMC is now less…
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FXstreet.com (Florida) – After falling around 100 pips from intra-day high at 1.0040, the Dollar…
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FXstreet.com (San Francisco) – USD/INR has opened trade this Thursday under pressure, now…
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US dollar lower today in forex trading
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FXstreet.com (San Francisco) – The Indian rupee is under pressure against the greenback at the…
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FXstreet.com (Barcelona) – USD/CNH, offshore version of USD/CNY, is trading on a firmer tone…
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Aussie gains in currency trading
The Aussie is rising today, thanks to newfound popularity with the Russians. The Russian central bank deputy minister announced that the Australian dollar will be used as a reserve currency going …
FXstreet.com (San Francisco) – CAD/JPY remains pressured during this Asia-Pacific session, now on…
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FXstreet.com (Córdoba) – On Friday, Fitch Ratings concluded its review of the six euro zone…
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