| Dollar still near US70c Though the New Zealand dollar slipped a little from the new 12-month highs it hit against the US dollar early today, it finished the day up near US70 cents.At 5pm today the kiwi was worth US69.78.It stepped over the US70c... nzherald.co.nz |
Dollar Fear Escalates as Prospect of a Panic Decline Emerge (Daily FX) The dollar decline has accelerated and the move has all the characteristics of a panic decline. 1.4650 is potential EURUSD support. Coming much under there would expose 1.4480. us.rd.yahoo.com |
Commodity Currencies Lower Despite Relative Gold Strength (Daily FX) The European session of trade has been more balanced than what we had seen in Asia, with some market participants looking to buy risk aversion rallies in favor of what has been a very well supported risk appetite trend. us.rd.yahoo.com |
Is the Euro’s Correlation with Risk Deteriorating? (Daily FX) The EUR/USD continues to trend lower as broader dollar strength and concerns over the European financial system have taken turns generating bearish sentiment. The prospect of higher U.S. interest rates has started to impact price action with a -0.18 correlation which raises the question of how much longer will risk sentiment drive price action. us.rd.yahoo.com |
Oil below $78 on warmer weather, dollar (Reuters) Oil fell below $78 a barrel on Tuesday, extending a week-long losing streak as mild weather and a stronger dollar weighed on prices. us.rd.yahoo.com |