Tuesday, December 15, 2009

Dollar Begins Rebound as Traders See Comeback for 2010

Dollar Rises On Positive Economic Data


12/15/09 The US dollar surged this session following a rise in domestic industrial production, total net TIC flows, & PPI figures.
Dec. 15 (Bloomberg) -- Bloomberg's Sara Eisen reports on the outlook the U.S. dollar. (Source: Bloomberg)




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Friday, December 11, 2009

Another Rise For The Dollar As Week Comes To An End

12/11/09 The US dollar continued its rise this session as all economic data released out of the US has come in well above expectations.



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The Dollar Holds the Key, Todd Harrison Says

In terms of the markets, the dollar holds the key in 2010, Harrison says. Because this seems obvious to most now, Harrison says the currently tight correlation between the dollar and other asset classes is likely to break down in the coming year

"As we saw last year, the dollar and asset classes can both decline [in tandem] but I don't foresee a scenario where both the dollar and asset classes can rise," he says.

Source Yahoo Tech ticker


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Monday, December 7, 2009

Asia Currencies Fall, Led by Rupee, on Bets U.S. Rates to Rise

Dec. 7 (Bloomberg) -- Asian currencies dropped against the greenback, led by India’s rupee and the Singapore dollar, as better-than-forecast U.S. employment data spurred bets the Federal Reserve will raise interest rates next year.

The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region’s 10 most-traded currencies excluding the yen, reached a 14-month high last week after investors took advantage of near- zero U.S. rates to fund investment in higher-yielding assets. A U.S. Labor Department report last week showed the jobless rate in the world’s largest economy unexpectedly declined last month.
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