The U.S. dollar weakened versus the Japanese yen to the lowest level since the beginning of this year on the signs of the slower economic growth; the bad news from the U.S. fueled concerns for the global economic recovery, causing the euro and the Great Britain pound to drop against the U.S. currency. The Standard & Poorâs 500 Index dropped 2 percent. The University of Michigan preliminary index of the consumer sentiment fell much more than anticipated, to 66.5 in July … “U.S. Dollar Weakens vs. Yen; Advances vs. Euro & Pound”
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Pound Falls on Global Economic Outlook
The Great Britain pound slipped today amid speculations that the slowing global economic recovery would decrease the attractiveness of the currencies tied to the growth. The consumer sentiment and the consumer prices in the U.S. expected to fall, fueling concern that the economic recovery would falter. The analysts predict that the house prices in the U.K. would also decline because of the spending cuts. GBP/USD traded at about 1.5384 as of 10:39 GMT today, falling from its opening … “Pound Falls on Global Economic Outlook”
Pessimistic Outlook for U.S. Economy Bolsters Yen
The Japanese yen rose today on the speculation that the Federal Reserve would keep the interest rates at current record low level as the U.S. economic growth shows signs of the slowdown. The analysts estimated that the confidence of the U.S. consumers dropped from 76.0 to 74.2, according to the University of Michigan preliminary index, which will be released today. The investors cut bets to 14 percent that the Fed would raise the benchmark rate on its meeting … “Pessimistic Outlook for U.S. Economy Bolsters Yen”
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The bid and ask rates that you’ll eventually pay will be the forex rates that your broker will charge you. In lots of cases, especially when there’s a big news event, the exchange rates will significantly differ. Different forex brokers will use different forex exchange rates. So, it’s always wise to compare with independent providers. … “Top 5 Sites For Forex Rates”
Canadian Dollar Goes Down on Concerns for U.S. Economy
The Canadian dollar weakened today after the economic growth in the U.S., the biggest Canada’s trading partner, showed the signs of the slowdown, possibly reducing demand for the Canadian exports. The Standard & Poorâs 500 Index went down 0.5 percent. The U.S. equities declined after the Federal Reserve Bank of Philadelphiaâs index of the manufacturing activity slumped to 5.1 this month from the month before. The index still suggests growth, but has fallen for two … “Canadian Dollar Goes Down on Concerns for U.S. Economy”
Dollar Falls as U.S. Economic Expansion Slows
The U.S. dollar fell today against the euro and the yen as the macroeconomic indicators suggested that the economic expansion in the U.S., while continues, is slowing its pace, curbing the appeal of the U.S. currency. The Philadelphia Fed index fell from 8.0 in June to 5.1 in July, instead of the expected growth to 10.2, showing the slowdown of the manufacturing growth. The NY Empire State Manufacturing Index showed the same picture, dropping sharply to 5.1 in July from 19.6 … “Dollar Falls as U.S. Economic Expansion Slows”
Hungarian Forint May Go Down if IMF Reject Loan
The Hungarian forint fluctuated today against the U.S. dollar and may drop lower on the speculation that the discussion between the nation’s government and the International Monetary Fund about the terms of the bailout loan might fail. The investors look for the approval of the nation’s economic program by the IMF after the government compared Hungary’s situation with Greece’s one. The speculation says that the IMF urges Hungary to lower the inflation below the 3 percent level. USD/HUF traded at about … “Hungarian Forint May Go Down if IMF Reject Loan”
Brazilian Real Drops vs. Euro on Concern for Global Recovery
The Brazilian real declined today versus the euro after the U.S. retail sales fell more than forecast, spurring the concerns for the sustainability of the global economic recovery. The retail sales in the U.S. declined 0.5 percent in June, compared to the median forecast of 0.2 percent decrease. The Standard & Poorâs 500 Index went down 0.2 percent. The fears that the global recovery may slow caused the investors to shun the higher-yielding currencies. EUR/BRL traded … “Brazilian Real Drops vs. Euro on Concern for Global Recovery”
Is Your Forex Trading Strategy Going to Win You Riches
Guest post from tradeforexfundamentally.com The need for certainty You want to know how to win and you want to know for certain that your strategy is going to work. But the market is an inherently uncertain phenomenon. You’ve probably already heard of the return that your strategy produces, or you’ve seen multiple examples of it … “Is Your Forex Trading Strategy Going to Win You Riches”
Dollar Falls vs. Pound & Yen, Fluctuates vs. Euro
The U.S. dollar rose against the euro on the concern for the Eurozone economy, then dropped on the unfavorable fundamentals, and yet rebounded after the Federal Reserve officials decreased the forecast for the growth and noted the threat to the economic recovery; the greenback slipped versus the Great Britain pound and the Japanese yen. The U.S. retail sales declined by 0.5% in June, compared to the forecast 0.2% decrease. The imports prices dropped by 1.3%, mainly because of the lower fuel prices. The imports prices went … “Dollar Falls vs. Pound & Yen, Fluctuates vs. Euro”