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- Saturday, 17 October 2009 00:08:56 GMT Euro Near Major Top Against US Dollar, but Timing Anything but Clear
- Friday, 16 October 2009 23:25:32 GMT US Dollar May Be Setting Stage for Advance
- Wednesday, 14 October 2009 20:50:00 GMT Euro Rally Toward 1.50 Continues as Industrial Output Rises for Fourth Month
- Monday, 12 October 2009 20:05:09 GMT Euro Ends Week Just Above 1.4700 as German Trade Surplus Narrows
- Saturday, 10 October 2009 02:24:05 GMT US Dollar: At the Mercy of Risk Appetite...or is It?
- Friday, 09 October 2009 23:07:02 GMT Euro Could Succumb to ECB's Neutral Stance, Weak Data
- Friday, 09 October 2009 21:33:45 GMT Euro Ends Week Just Above 1.4700 as German Trade Surplus Narrows
- Friday, 09 October 2009 02:23:25 GMT German Current Account Set to Narrow in August
- Thursday, 08 October 2009 23:31:21 GMT Euro Looks like it May End up a Laggard in the Rate Game Given the ECB's Stance
- Thursday, 08 October 2009 23:30:39 GMT US Dollar and Dow on the Verge of Opposing Breaks
- Wednesday, 07 October 2009 21:15:48 GMT Euro Down as Q2 GDP Gets Revised Lower - European Central Bank Decision on Thursday
- Tuesday, 06 October 2009 17:45:40 GMT Euro US Dollar Exchange Rate Forecast
- Monday, 05 October 2009 19:42:00 GMT Euro Mostly Higher as Services PMI Signals Expansion for First Time Since May 2008
- Monday, 05 October 2009 03:52:22 GMT Euro Zone Investor Confidence to Hit 14-Month High But Markets May Not Notice
- Monday, 05 October 2009 02:38:33 GMT Euro Zone Retail Sales to Shrink for Second Month in August
- Saturday, 03 October 2009 02:35:09 GMT Euro: Will Risk Appetite Hold EURUSD Up or Will the ECB Ease a Break?
- Friday, 02 October 2009 21:38:58 GMT US Dollar Forecast for Recovery Will be Put to the Test
- Wednesday, 30 September 2009 23:15:36 GMT German Retail Sales to Shrink for Fourth Month, Outlook Remains Bleak
- Wednesday, 30 September 2009 20:07:43 GMT US Dollar Down Despite Q2 GDP Revision - Testimony from Fed Chairman Bernanke on Thursday
- Wednesday, 30 September 2009 00:28:00 GMT Euro Growth Outlook Bolstered by Retail Activity, Confidence but Market Little Impressed
Falling oil prices spurred bullish sentiment for the US dollar, and led the currency to recover from losses earlier this week. As a result, the currency picked up its biggest gains against the low yielding Swiss franc and the Japanese yen. On the other side of the spectrum, the greenback continued to rack up losses against the commodity block, despite a drop in oil and on mild gains in gold, as the Canadian, Australian, and
Rising costs paired with fading demands continued to press on the manufacturing sector, and led the Philadelphia Fed Manufacturing index to fall for the seventh consecutive month to -17.1 from 15.6 in May.
Meanwhile, the leading indicators index unexpectedly increased 0.1 percent in May – helping to ease stagflation fears. Fresh unemployment data also added to the mix as initial jobless claims fell to 381K from 386K, while continuing claims dipped to 3060K from 3136k.
The stock markets picked up for the first time this week as oil retreated to $131/bbl. As a result, the DJIA rose 34.03 points to 12,063.09 points, with Boeing and AIG leading the winnings board. Among the broader indices, the S&P500 picked up 5.02 points to hold off at 1,342.83 points 452 stocks falling to a new 52 week low.
US Treasuries decline as the recovery in the stock markets curbed the appeal of risk-free bonds. As a result, the benchmark 10-Year yield rose to 4.209 percent from 4.138 percent, while the 2-Year yield surged to 2.937 percent from 2.853 percent.
Looking ahead, the
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