Thanksgiving Of The US Dollar

Even with less active market, the greenback witnessed bit of pullback with the rise in AUD and NZD.

dollar_2486524b

By Ashwin Peswani

This article was written by Ashwin Peswani, Regional Director of MTrading. 

With robust Durable Goods Orders and an upbeat statement from minutes of FOMC in November, the US Dollar managed to extend its north-run on Thanksgiving day holiday as investors were more or less remain assured for December Fed rate-hike.

Elsewhere, the EUR dipped with its regional political trauma while GBP also had to trim bit of its previous gains and the JPY plunged heavily with continuous liquidation in safe-havens. Further, the AUD remained a bit strong as increasing Iron Ore demand helped the commodity currency but the NZD and CAD had to observe south-run on weakening prices of commodities of stronger USD. Additionally, the Crude remained in tension-trade ahead of the next week’s OPEC meeting as some traders are afraid that the production-freeze deal may not be signed due to Iran and Iraq.

Read the Full Article at www.financemagnates.com >>>>

It's only fair to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on RedditShare on TumblrEmail this to someone

Related Posts:



All content herein is owned by author exclusively. Expressed opinions are not necessarily the views of VT Money, VT Money, authors, affiliates, advertisers, sponsors, partners, technicians or Veterans Today Network and its assigns. In addition, all images within this post are the full responsibility of the author and NOT Veterans Today Network.
Legal Notice - Comment Policy


Arnaldo Rodgers Posted by on 8:52 am, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments Closed

You must be logged in to post a comment Login


TOP 50 READ ARTICLES THIS MONTH
From Veterans Today Network