If the dollar gets too expensive, U.S. exports like heavy equipment made by Caterpillar can get priced out of the market. Seth Perlman/AP hide caption itoggle caption Seth Perlman/AP If the dollar gets too expensive, U.S. exports like heavy equipment made by Caterpillar can get priced out of the market. Seth Perlman/AP It’s flattering to Read More
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Update on gold indicators for investors: Brace for more pain (Part 4 of 20) (Continued from Part 3) The US dollar and gold Gold mainly trades in US dollars (or USD). As a result, a weaker USD makes gold cheaper for other nations to purchase. It increases their demand for gold. Also, when the dollar starts to lose value, Read More
Investing.com – Investing.com – The dollar remained near nine-year highs against the other major currencies in auiet trade on Monday, as expectations for a U.S. rate hike this year continued to lend broad support to the greenback. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up Read More
* Diminishing status as reserve currency seen hurting euro * Euro slide accelerates after breach of $ 1.20 threshold * Dollar index hits fresh 9-yr high, pound hits 17-month low By Shinichi Saoshiro TOKYO, Jan 5 (Reuters) – The euro fell to a nine-year low against the dollar on Monday as bets mounted on a Read More
— Posted Monday, 5 January 2015 | | Disqus I dont often feature technical analysis as the topic of the week. In this case, however, the Dollar Index is at a crucial threshold that deserves a drum-roll and our close attention. Notice the two tightly spaced purple lines near the top of the chart. These Read More
U.S. residents traveling abroad tend to stay within familiar brands, meaning that a company such as Marriott that has locations in both Chicago and Paris would likely benefit, JMP Securities’ Robert LaFleur said. However, he said that since international travel requires a certain income level, a 25 to 35 percent rise in Read More
The diverging global economy means the U.S. dollar will drag Mexico’s peso and Russia’s ruble along with it to the biggest gains among major currencies this year as New Zealand’s dollar and Argentina’s peso turn into the biggest losers. That’s the conclusion of economists, strategists and investors around the world surveyed by Bloomberg. They see Read More
* Chinese premiums at $ 6/oz over global benchmark * Dollar index at 9-year high as euro tumbles (Adds trader comments, Chinese demand) By A. Ananthalakshmi SINGAPORE, Jan 5 (Reuters) – Gold reversed early losses on Monday to trade higher for a second straight session, supported by strong buying from top consumer China, which offset Read More
(Corrects brokerage name in 16th paragraph to FPG from FPJ) * Diminishing status as reserve currency seen hurting euro * Euro slide accelerates after breach of $ 1.20 threshold * Dollar index hits fresh 9-yr high, pound hits 17-month low By Shinichi Saoshiro TOKYO, Jan 5 (Reuters) – The euro fell to a nine-year low Read More
Reorient Group, an investment firm based in Hong Kong, said late last month that the US dollar would be even stronger in the new year, since the dollar and Japanese currency pair had bounced up due to stronger US jobs numbers. The company believed there was a possibility that the DXY could Read More