Forex | Forex | Dollar steady near day highs; up for the day (30/06/2009 21:43:00)

Dollar steady near day highs; up for the day

FXstreet.com (Córdoba) – Dollar rose today on weak economic news. Greenback rallied during the European session and extended gains in the American. But in the last hours has remained steady near intra-day highs. EUR/USD reached an intra-day low at 1.3999 and rebounded to 1.4050. The pair is inside a range between 1.0445 and 1.4020. EUR/USD ends June below the price it had at the beginning.

USD/JPY rose today after the Dollar recover from early losses. The pair couldn’t break above resistance at 96.50. After the rally of the Dollar, the pair started to make small moves in a range between 96.25 and 96.50. Greenback finished June up but far away from intra-month highs.

According to Michael J. Malpede, analyst at Easy Forex: “USD rebounded in reaction to disappointing US consumer confidence and weak New York NAPM. These reports discouraged risk appetite and fueled safe haven demand for the USD. This week's main focus will be the release of US unemployment for June and ECB policy meeting Thursday. US unemployment is expected to rise but at a slower pace. ECB officials have indicated that current monetary policy is appropriate and no change is expected from the ECB at Thursday's meeting.”

For more information, read our latest forex news.


Comments (0 posted):

Post your comment Forex-comment

Please enter the code you see in the image:


  • Forex-send Email to a friend
  •   Add To facebook

Rate this article
0
New Forex News

US: Mixed August labour market report

On balance the August labour market report disappointed slightly, but incorporated both positive and negative news.  The unemployment rate resumed its rapid upward trend hitting

Canada: First private payroll increase in 11 months

Latest (monthly change): +27.1k (Actual); -15.0k (expected) Previous: -44.5k FACTS : Canadian employment experienced a gain of 27.1K in August with part-time jobs increasing by

U.S: Top-line growth to resume in Q3

Market Watch With Q2 earnings essentially all in, investors are already turning their attention to the third quarter. The much-better-than-expected Q2 earnings came on the

U.S: Geithner at G20 Meeting

Today US Secretary Timothy Geithner released a statement of principles to guide forthcoming Group of 20 nations' meetings regarding financial regulation. These eight principles followed

U.S: Initial Jobless Claims

The four week moving average for Initial Jobless Claims has risen 14,750 over the month of August from 556,500 for the July 31st week to
U.S: ISM Non-Manufacturing (Aug)

U.S: ISM Non-Manufacturing (Aug)

The August ISM non-manufacturing index rose to 48.4 from 46.4, marking the 11th consecutive month that the sector contracted. Nevertheless, the pace of decline is

Gold Weekly Technical Outlook

Comex Gold (GC) Gold rose sharply to as high as 999.5 last week, just shy of 1000 psychological level, before turning sideway. Initial bias remains
Canadian Dollar Extend Gains on U.S. Optimism

Canadian Dollar Extend Gains on U.S. Optimism

The Canadian currency climbed even further before the end of this week’s session after optimism was renewed among traders with stocks and commodities climbing, After both Canada and the U.S. posted

GBPUSD's downtrend from 1.7042 extended further to as low as 1.6113 level

GBPUSD's downtrend from 1.7042 extended further to as low as 1.6113 level. Deeper decline is still possible next week and target is to test 1.5801

Forex Weekly Trading Forecast - 09.07.09

US Dollar: Will a Recovery in Liquidity Usher in a Breakout? Euro Forecast to Range Trade Against US Dollar on S&P Choppiness Japanese Yen Range