Forex Investment and Currency Trading

USD
The dollar continued its climb against most currencies. The trade-weighted dollar hit its highest level since October 2007. The fundamental view has been bullish towards the dollar or some time, expecting the broader global slowdown to bring dollar strength from mid-year. Nonetheless, the extent of deleveraging and the extent of the dollar rally over the [...]

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The key theme overnight was a continuation of yesterday’s USD strength and commodity weakness. USD was well bid throughout the overnight session outperforming all the majors as commodity markets moved lower. Crude oil initially broke back up through USD110/bl, but these levels were unsustainable and oil traded heavily throughout the remainder of the session driving [...]

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USD
Despite further negative developments in the US financial system, the dollar has remained resilient. Highlighting the ongoing credit crisis, Merrill Lynch announced further writedowns and plans to sell more stock. European equities have pushed lower, driven mainly by financial stocks. US equity futures are in positive territory after positive data releases this morning. Ahead of [...]

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