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November 1st, 2012
Dollar Index Futures: The dollar gained against the yen as U.S. initial jobless claims declined to the fewest in three weeks and a measure of manufacturing activity rose more than forecast, adding to evidence the economy is recovering.
The pound climbed to the highest level in two weeks versus the dollar as a report showed U.K. house prices rebounded in October and Britain’s biggest business lobby raised its economic forecasts for this year and next. The Japanese currency earlier weakened for third day against the euro as investors awaited the release tomorrow of minutes of the Bank of Japan (8301)’s Oct. 4-5 meeting amid speculation the central bank will ease monetary policy further.
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October 9th, 2012
Dollar Futures: Investors should remain bullish on the dollar because issues within the U.S. economy pale in comparison with those in Europe and Australia, according to John Taylor of FX Concepts LLC.
The dollar is in a “box” between the important technical level of $1.29 per euro and downtrend levels of $1.3050 to $1.31, said Taylor, the founder and chief executive officer of currency-hedge fund FX Concepts LLC, which manages $3 billion. A closing price below $1.29 would be a “very bad” technical signal, Taylor said. The greenback will see a “significant” move after it breaks out of this range, he said.
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September 14th, 2012
Dollar Index Futures – The dollar fell to a four-month low against the euro on Federal Reserve Chairman Ben S. Bernanke’s plan to conduct open-ended quantitative easing, a process that tends to debase the U.S. currency.
The euro was set for the longest stretch of weekly gains against the yen since 2009 after comments by Finance Minister Jun Azumi signaled he’s ready to intervene to weaken the currency. Credit Suisse Group AG and Morgan Stanley raised their forecasts for the shared currency. The Singapore dollar strengthened to the highest in more than a year against the greenback.
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May 31st, 2012
Dollar Index Futures – The dollar posted its biggest monthly gain since 2011 in May, beating bonds, stocks and commodities for the first time this year as investors sought refuge in U.S. assets while Europe’s sovereign crisis worsened.
Intercontinental Exchange Inc.’s Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, climbed 5.5 percent in May. Global fixed-income assets gained 1.1 percent, including reinvested interest, Bank of America Merrill Lynch indexes show. The MSCI All-Country World Index of stocks lost 8.9 percent with dividends, while the Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products fell 13 percent.
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