ADV: Trade Currency-Free Practice Account
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Learn currency trading with real-time rates, news, charts, and a free demo trading account from FXCM - the market maker for Forex trading.
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One often wonders what makes the US dollar a dominant currency in the world economy. The general perception is that the strength of a currency in the market place is a reflection of the inherent strength of the economy it represents.
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The U.S. dollar fell against other major currencies in European trading Tuesday morning. Gold fell.
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Cross dollaro/yen tocca massimo di 123,56
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Sign of gloom among US consumers have helped force the dollar to fresh record depths against the euro. At 1450 GMT on Tuesday, the euro-dollar exchange rate topped out at $1.3335.
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The euro rose to a new all-time high of $1.3467 in early trading in London this morning. The single currency later fell back slightly to $1.3452.
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The rand remained range bound in late afternoon trade on Thursday with little to move the currency as the US dollar continued its gradual rise major currencies in the wake of the US Federal Reserve&#39;s decision to put up US interest rates.
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The dollar fell to a record against the euro as traders bet the European Central Bank won&#39;t step in to weaken the 12-nation currency.
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Investor's Business Daily - The greenback fell to a record low vs. a basket of currencies as well as the euro after Bank of America missed profit views on big and ongoing credit losses. It's the latest in a series of corporate, monetary and economic news raising concerns about U.S. growth, bettering the odds of further Fed rate cuts. The euro rose 0.88 cent to $1.4291. The yen rallied as risk-averse investors unwound carry trades.
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Here's how to offset your gains with your losses.
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The dollar slipped to another record low Thursday against the euro in thin, volatile holiday trading. The euro hit $1.3667 in afternoon trading in New York, above Wednesday&#39;s late rate of $1.3598 and the previous record set Wednesday of $1.3646.
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The U.S. dollar slid to a new low Wednesday against the euro, which rose to an all-time high of $1.3179 in late New York trading, breaking a day-old record as jittery markets kept up pressure on the U.S. ...
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The US dollar sank to a new all-time low against the euro Tuesday as a mini-rally in the US currency sputtered out. The euro rose to a new high of $1.3469 in European trading amid concerns over the US trade
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THE dollar opened stronger today as some commodity-based trading helped pushed the domestic unit higher. At 7am AEST the local unit was trading at $US0.
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Investor's Business Daily - Europe might be a good place to focus if you want to go global with exchange traded funds.