The US dollar recouped recent losses against major currencies, boosted by talk that Korea Development Bank may buy stakes in Lehman Brothers Holdings Inc. Recent worries of more U.S. financial turmoil trimmed dollar gains this week. Easing oil prices and sluggish data out of Europe helped the dollar rebound today....
The dollar made back most of its losses from Thursday as oil declined more than $3 per barrel after BP restored shipments on a Caspian Sea pipeline through Turkey, easing concerns about supply. It became apparent the Russians had not damaged the Baku-Tbilisi-Ceyhan pipeline, which moves oil from Azerbaijan through...
From Chairman Bernanke's speech at Jackson Hole today, it is apparent the Fed is making a simple bet; a slowing U.S. and global economy will crimp demand, and that will help moderate inflation. There is nothing radical at all in this assumption. In fact, the chairman is using the most...
The Dollar-Yen pair rebounded strongly from yesterday's fall, wiping out all of its gains to return to Wednesday's level. The pair rallied from support near 108.30, and was bolstered further during NY trading as Bernanke gave a dovish speech. He said recent developments in commodity prices and the dollar, along...
The Usd regained momentum in today's trading session, based on weak economic data out of Europe as well as major news in the financial sector. The EurUsd fell over 120 pips to the high 1.47 level, while the UsdJpy rose sharply the low 110 price. The GbpUsd declined substantially trading...
