News

(Recasts, adds U.S. data, comment, updates prices, changes byline, dateline; previous LONDON) * U.S. retail sales, jobless claims weaker-than-expected * Greece gets assistance from ECB for banks * Swedish crown dives as central bank cuts repo rate By Gertrude Chavez-Dreyfuss NEW YORK, Feb 12 (Reuters) – The dollar dropped across the board on Thursday after Read More

Investing.com – Investing.com – The dollar slid lower against the other major currencies on Thursday, although demand for the safe-haven greenback remained supported by sustained concerns over Greece’s debt crisis, while markets eyed upcoming U.S. data. EUR/USD held steady at 1.1338 after talks between Greece and European Union officials ended without an agreement on Read More

(Bloomberg) — Don’t believe everything you hear about the corrosive effect a more expensive dollar has on corporate America. U.S. businesses and the world’s largest economy can handle the greenback’s strength just fine. Companies in the Standard & Poor’s 500 Index, from drugmaker Pfizer Inc. to Microsoft Corp., Procter & Gamble Co. and Royal Caribbean Read More

To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11807, 11740, 11653 Resistance:11876, 11963, 12103 The Dow Jones FXCM US Dollar Index continues to look vulnerable as a bearish Evening Star and negative RSI divergence warn of oncoming losses. Read More

If you’re steadfast in your belief about the strength of the dollar — now and into the near future — then you should consider looking at PowerShares DB 3x Long U.S. Dollar Index Futures ETN (UUPT). However, before you jump in, there are several things you need to know about this exchange-traded note (ETN). Some Read More

Investing.com – Investing.com – The dollar held steady against the other major currencies on Wednesday, as Greece was to hold crunch talks with European Union officials later in the day. EUR/USD was almost unchanged at 1.1313. Greece’s current bailout is due to expire on February 28 and the new Greek government does not want Read More