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Dollar Weakens on Strong Demand for Higher Risk Assets

Discussion in 'Forex Discussions' started by futuretrends24, Sep 17, 2009.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
    Likes Received:
    Today’s sample of Futures Analysis from FuturesHound.com

    The U.S. Dollar closed lower against most major currencies this afternoon as investor demand for higher yields drove up risky assets. The strong rally continued in the equity markets boosted by yesterday’s favorable comments from Fed Chairman Bernanke and today’s positive words from investor Warren Buffett. Gold also surged to the upside on the prospect of a long-term weaker Dollar.

    Despite economic reports showing that the U.S. economy is recovering at a faster pace than the Euro Zone, investors continued to drive the December Euro higher for the year.

    Today’s weakness in the December British Pound reflected the floundering economy. Earlier in the week it was concerns over a squeeze in the U.K. mortgage rates having a negative effect on the real estate market. Today it was a poor unemployment report encouraging the sellers.

    Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

    Disclaimer: Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.
  2. alessio

    alessio New Member

    Aug 10, 2009
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    The USD delined to 1-year low against other Forex currencies yesterday as optimism about the global economy recovery make traders opt riskier assets. The USD fell against the EUR at yesterday`s trade close, pushing the oft-traded currency pair to 1.4730. Against the GBP the USD closed at 1.6492.

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