| Currencies Show Volatility Ahead of FOMC (Morning Slices) (Daily FX) The overnight session of trade was far from quiet with the market chopping around quite aggressively ahead of the much anticipated FOMC release later in the day. The Australian Dollar is the weakest currency on the day while the Swissie and Yen are the strongest, reflective of a broader shift in sentiment and paring back of risk. us.rd.yahoo.com |
Euro, Pound Gain As Dollar Pressured By Risk Appetite and China Diversification Talk (Daily FX) The euro built upon Friday?s gains as it reached an intra-day high of 1.4364 as it continues to be supported by a return of risk appetite. us.rd.yahoo.com |
Oil nears $82 as dollar hits new low (AP) Oil prices hit new highs for the year Wednesday just as the dollar fell to new lows against the euro, showing how much the weak U.S. currency has come to dominate energy markets. us.rd.yahoo.com |
U.S. dollar to be reserve currency for years: IMF (Reuters) The U.S. dollar will remain the world's primary reserve currency for many years or decades, an International Monetary Fund official said on Thursday. us.rd.yahoo.com |
Euro May Find Strength in Renewed Fundamental Trends, Data (Daily FX) Euro May Find Strength in Renewed Fundamental Trends, Data Fundamental Forecast for Euro: Neutral - Long-term fundamentals are still a disappointment for the euro heading into the end of the year - German consumer-based inflation figures hit an eight-month high – the hawkish crowd garners momentum - Short-term EURUSD technicals clash with longer-term trends We are at the end of the year, and our assessment of the performance of the euro depends on the time frame at which we approach the currency on. us.rd.yahoo.com |