US Dollar Risks Further Declines on Debt Ceiling, Fed Policy
It was a tough week for the world’s foremost currency (Ticker: USDOLLAR) as it finished sharply lower against key counterparts on sovereign credit rating fears and lackluster interest rate prospects. Traders began pricing in the previously unthinkable—a US Treasury default—on risks that US legislators may not agree to a budget deal as the government will soon run short of cash. Fed Chairman Ben Bernanke likewise sounded sunk the Greenback as he struck a dovish note on the future of monetary policy, and indeed risks remain weighed to the downside in the week ahead.
Light Week Ahead as Atlantic Debt Crises to Guide Markets
The Euro-zone and U.S. debt crises will dictate price action in a week ahead denoted by little event risk on the docket.
Guest Commentary: Gold & Silver - Daily Outlook 07.15.2011
Gold and silver kept on rising yesterday despite the bounce back of the US dollar from Wednesday’s sharp falls. Let’s examine the news of the day related to the precious metals market for today July 15th.
U.S. Dollar To Consolidate, Further AUD Weakness Ahead
The short-term rebound in the greenback gathered pace on Friday, with the Dow Jones-FXCM U.S. Dollar index advancing to a high of 9617.82, and the reserve currency may continue to gain ground over the near-term as the Fed looks poised to toughen its stance against inflation.
U.S. Dollar Advances Ahead of European Stress Tests, Debt Ceiling
The U.S. Dollar faced increasing headwinds in the Asian and European sessions after yesterday’s news in the intermarket hours that Moody’s would be placing the U.S. government’s Aaa rating on review for a possible downgrade.
