Currency Trading Information


Is The U.S. Dollar About To Reverse Course?


For the first time in several years the U.S. dollar has managed to gain value against the world's other major currencies. During the first three months of 2005, the U.S. dollar is up approximately five percent against both the yen and the euro. The gains for the dollar should be considered significant when considering the United States still faces a growing trade imbalance. So far this year, currency traders have shifted their focus from the United States' large trade and current account shortfalls toward the higher rates of returns being offered on U.S. debt. The recent strength shown in the dollar has somewhat shifted sentiment within the financial markets about the future direction of the currency. A Bloomberg survey released earlier this week shows that the major currency traders expect to see dollar weakness resume later in the year, but the sentiment among dollar bears is much weaker than it was at the start of the year.

The strength shown in the U.S. currency thus far in 2005 should prove to be short-lived. The strong Gross Domestic Product (GDP) growth during the past eighteen months will begin to show signs of moving closer to more normal levels over the next couple months. The signs of a slower economic growth will likely cause a shift in sentiment among currency traders toward the more fundamental problems facing the U.S. economy. The United States trade and current account deficits show no signs of retreating anytime soon. In fact, we expect the coming trade figures to show further deterioration in the balance of trade over the next few months. The major industrialized nations outside of the United States continue to experience anemic economic growth. This continues to place further pressure on the U.S. dollar as the United States consumer continues to buy goods produced in Europe, Japan, and China.

While we expect the dollar to resume its gradual fall against most major currencies, the major wildcard in our forecast is of course China. Recent information coming from China's top decision makers indicates the Chinese are in no hurry to adjust the current value of the Yuan-Dollar relationship. Should any talks of a possible revaluation emerge later in the year, the downward pressure on the U.S. dollar would quicken as currency traders would buy the Japanese yen, and other freely traded Asian currencies, that would likely benefit from a revaluation.

Mike Fitzpatrick writes for http://www.financial-watch.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Law.com

State AG Refers 3 Virtual Currency Trading Platforms to DFS for Investigation
Law.com
The findings are the result of a survey sent to more than a dozen virtual currency trading platforms by the attorney general's office seeking information on their operations, internal controls and customer safeguards. Ten chose to participate in the ...

and more »


Friendlier rules seen to spur virtual currency trading in Taiwan
Digitimes
Taiwan has formulated relatively friendlier regulations governing virtual currency exchanges, which is expected to help the country's trading of digital tokens expand significantly, according to David Pan, president of ACE Exchange, a digital asset ...



Crypto-News India (press release) (blog)

PBoC of China: Continues Preventing Risks Caused by ICO and Virtual Currency Trading
Crypto-News India (press release) (blog)
According to this notice, the national leading group of the rectification for internet financial risks deployed and took measures in time to cope with illegal financial activities such as ICO and virtual currency trading. Specifically, strengthening ...
People's Bank of China Issues Warning on CryptocurrenciesInvesting News Network
China Central Bank Warns of Cryptocurrency, ICO Risks in Public NoticeCCN

all 44 news articles »


RTE.ie

Britain extends lead in global currency trading
RTE.ie
Britain has extended its lead in the global currency trading business in the two years since it voted to leave the European Union. It is another sign that London is likely to continue to be one of the world's top two financial centres even after Brexit ...
Exclusive - Britain extends lead as king of currencies despite Brexit voteReuters

all 324 news articles »


The Straits Times

SGX partners start-up on multi-currency trading prototype
The Straits Times
At present, foreign exchange rates are determined only after trades have been made. A multi-currency trading service will help investors increase their investment yield and manage risks caused by foreign exchange movements, SGX said yesterday.
SGX taps exchange trade platform M-DAQ to launch multi-currency trading prototypeSingapore Business Review

all 3 news articles »


Apollo Currency Trading 5% Lower Over Last Week (CRYPTO:APL)
Fairfield Current
Apollo Currency (CURRENCY:APL) traded 10.3% lower against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on September 8th. One Apollo Currency coin can currently be purchased for approximately $0.0020 or 0.00000031 ...

and more »


Apollo Currency Trading 22.4% Higher This Week (APL)
Fairfield Current
Apollo Currency (CURRENCY:APL) traded 1.6% higher against the dollar during the 24-hour period ending at 21:00 PM ET on September 12th. Apollo Currency has a total market cap of $0.00 and $136,732.00 worth of Apollo Currency was traded on ...

and more »


Ryo Currency Trading 5.9% Lower This Week (CRYPTO:RYO)
Fairfield Current
Ryo Currency (CURRENCY:RYO) traded up 1.8% against the dollar during the one day period ending at 11:00 AM ET on August 29th. During the last week, Ryo Currency has traded 5.9% lower against the dollar. Ryo Currency has a market cap of ...

and more »


Crypto Market Focus for Aeternity (AE.CR): Currency Trading Near $0.8311
Coin Digital Standard
Putting the focus on Aeternity (AE.CR), we have noted that the cryptocurrency has recently moved to $0.8311 with today's volume showing 409588. Investors will be watching to see how the crypto trades in relation to the overall market over the next few ...

and more »


Ryo Currency Trading 7.2% Higher This Week (RYO)
Fairfield Current
Ryo Currency (CURRENCY:RYO) traded up 0.9% against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on August 25th. In the last week, Ryo Currency has traded up 7.2% against the U.S. dollar. One Ryo Currency coin can now be ...

and more »

Google News

home | site map
© 2007