US Dollar Bottoming?

                   
marketoracle.co.uk     08-Aug-2008            

Is the recent upward movement in the dollar a signal that it has bottomed out, and will now move back to a higher level? Or is it just a bull trap for those who are long the dollar? Despite reports of cheaper prices for international travelers to the States due to the depreciated dollar, it would be wrong to safely conclude that U.S. goods are now so cheap at the existing exchange rate that the dollar must appreciate from its current level. Overall the price of American products is still too high to ease the massive trade imbalance between the U.S. and the rest of the world. The falling dollar over the past few years has made American products more competitive and has caused the real value of U.S. exports to rise sharply. Nevertheless, the 2007 trade deficit still remains at $700 billion or 5% of GDP. The other side of the... [read full story]                    

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Pound weaker on construction data

currencynews.co.uk     04-Aug-2008          

The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a...                    

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Dollar hits 7-month high against yen

ft.com     06-Aug-2008          

The dollar hit a seven-month peak against the yen on Wednesday but eased slightly from a seven-week high against the euro and sterling as traders digested the Federal Reserve’s decision on US interest rates. On Tuesday, the US...                    

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US investors heartened by dollar's recovery

ft.com     09-Aug-2008          

By Dave Shellock in London and Anuj Gangahar in New York Mounting optimism that the US economy would outperform the rest of the developed world pushed the dollar to multi-month highs against leading currencies this week as the...                    

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Currency traders

ft.com     10-Aug-2008          

Is this the end of the carry trade as we know it? Currency traders seem to think so. The practice of borrowing in low-yielding yen and buying high-yielding “commodity currencies” has long been a central feature of foreign...                    

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Dollar at crossroads amid brighter US outlook

ft.com     10-Aug-2008          

This week will be crucial in determining whether the dollar has broken free from its six-year downward trend, as speculation mounts that the US is in the best position to emerge quickly from the economic downturn. The dollar...                    

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Asia stocks climb on lower oil and stronger dollar

reuters.co.uk     11-Aug-2008          

HONG KONG (Reuters) - Asian stocks rose on Monday and the dollar hit a six-month high against the euro as oil briefly slipped below $115 a barrel and a view that the U.S. dollar's long-term decline is nearing an end gained ground.                    

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Eurozone rate speculation limits losses for euro

currencynews.co.uk     11-Aug-2008          

The euro was only slightly lower versus the US dollar in late morning trade in New York after it was reported that an official of the European Central Bank had said the Bank is still worried about inflation. The reports raised...                    

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The Short View: US dollar and commodities

ft.com     11-Aug-2008          

By John Authers, Investment Editor There is a tide in the affairs of men, Shakespeare said, which taken at the flood leads on to fortune. A tide in world markets that had lasted since 2000 seems to have reached its flood. Now...                    

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Dollar at 6-month high on falling commodities

tiscali.co.uk     15-Aug-2008          

HONG KONG (Reuters) - The U.S. dollar rose to a six-month high against the euro on Friday as gold prices tumbled to a 2008 low and oil slipped, leading investors to increase bets on easing inflation and slower global growth.                    

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Dollar at 6-month high on falling commodities

reuters.co.uk     15-Aug-2008          

HONG KONG (Reuters) - The U.S. dollar rose to a six-month high against the euro on Friday as gold prices tumbled to a 2008 low and oil slipped, leading investors to increase bets on easing inflation and slower global growth.                    

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