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Some questions will be discussed here, is the EUR headed Back to 1.60? and can the GBP remain in the levels of 1.97-1.98 and higher? The Vulnerabilities of the US Dollars The US Dollars weakened significantly this past week as rising oil prices revealed the vulnerabilities of the United States economy.
Oil prices are rising and the US dollar is falling, but is this the natural relationship between these two assets? Taking a look back at the two prominent oil shocks of the past four decades (1973 and 1979), we see that this is not necessarily the case. 1973 Oil Crisis: Initially Dollar Bullish, Eventually Dollar Bearish In 1973, oil prices jumped 134% when the members of the OAPEC, which is OPEC plus Egypt and Syria, announced that they were no longer shipping oil to nations that supported Israel in its conflict with Syria and Egypt.
A quick overview of the services by AVAFX Trading Platform AVA FX (AVA Financial LTD) is a forex broker based in Nicosia, Cyprus and was founded in 2006.
US dollar (USD) Exchange Rates
Currency
Last Rate
Daily Change
Open
Prev Close
1 EUR
$1.2176
-0.31%
$1.2214
$1.2213
1 GBP
$1.4728
-0.03%
$1.4733
$1.4734
1 CHF
$0.8723
-0.33%
$0.8752
$0.875
1 NOK
$0.1544
-0.63%
$0.1554
$0.1553
100 JPY
$1.0972
0.6%
$1.0906
$1.0906
1 AUD
$0.8516
-0.83%
$0.8587
$0.8587
1 CAD
$0.9671
-0.03%
$0.9674
$0.9677
EURUSD | GBPUSD | USDJPY
EUR/USD
1 EUR = 1.2176 USD
-0.31%
Jun 14 2010 03:34 ET
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Taking into consideration that the unusual rally the dollar could gather this recent week, and the momentum it has included to the currency’s striking bull tendency; it looks unsuitable to begin estimating on when this drive is going to pause.
Whilst there seems to be little momentum under fundamental risk appetite; the bearing on sentiment is sufficient to put pressure on the market’s top funding currencies.
Many are wondering how an 85,000-count drop in net payrolls can be bearish, when the US dollar fell after the introduction of the December NFPs number this last Friday.
Japanese Yen influencing major currencies
Jan 05 2010, 13:13 - 1 Comment
The Yen grew rapidly in opposition to the green buck late into Asian trading in the middle of conjunctures of big-sized repatriation by Japanese exporters, starting a wave of selling that pressured on the US dollar in opposition to almost all of its key counterparts.
