The dollar rose against most key currencies in volatile trading Friday despite the eight straight monthly job losses and unemployment rate at a 5-year high increasing risks of a worsening US economic slowdown. The dollar and yen were supported by sell-offs in asset and commodity markets as investors liquidated risky assets. The euro fell for a seventh consecutive day as Germany's industrial production declined more than expected. Sterling dropped a seventh week against the greenback. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/483-dollar-and-yen-gain-as-investors-liquidate-risky-assets.html Hans Nilsson Fri, 5 September 2008 17:00:00 EDT 2008-9-5 The dollar was higher against most of its rivals as gold and crude oil prices continued to fall on further signs of slowing global economic growth. The only exception to the greenback's advance was the yen that rose as US stocks dropped and investors unwound carry trades. The European currencies declined on further signs of deteriorating economic conditions. The euro fell to the lowest level since October 2007. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/482-greenback-rises-as-asset-and-commodity-prices-fall.html Thu, 4 September 2008 17:50:00 EDT 2008-9-4 The dollar traded mixed versus its rivals Wednesday and pared its overnight gains as the Federal Reserve's Beige Book showed more signs of stagflation for the US economy. The yen was supported by carry-trade unwinding. The Canada dollar rose after the Bank of Canada left its benchmark interest rate unchanged at 3.00% saying it remains "appropriately accommodative" amid slower-than-expected economic growth. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/480-eur_usd-at-important-support-ahead-of-trichet.html Hans Nilsson Wed, 3 September 2008 17:50:00 EDT 2008-9-3 The dollar rallied Tuesday as crude oil futures extended declines on signs the impact of Hurricane Gustav will not immensely affect US energy production. Despite political turbulence in Japan, the yen held up the best against the USD, supported by carry-trade unwinding as investors sold commodity and emerging market related assets financed in yen. The Canadian dollar fell on the decline in oil and speculation the Bank of Canada may lower interest rates at its meeting Wednesday. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/478-dollar-gains-continue.html Hans Nilsson Tue, 2 September 2008 17:50:00 EDT 2008-9-2 The dollar rose against most of its rivals Friday on better-than-expected US economic data and oil prices that remained in check despite storm concerns. Data on the Chicago PMI and Reuters/University of Michigan consumer sentiment index surprised to the upside, while July US personal income disappointed to the downside. The euro fell modestly today and posted its biggest monthly decline since the euro began trading in 1999. Sterling declined as the UK economic outlook continued to deteriorate. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/476-eur_usd-has-biggest-monthly-fall.html Hans Nilsson Mon, 29 August 2008 16:30:00 EDT 2008-8-29 The dollar rose against most of its rivals Thursday on higher-than expected US Q2 GDP revisions and falling oil prices. The euro reversed overnight gains on declining oil prices. Sterling fell against the dollar and approached a record low against the euro as the UK economic outlook continued to deteriorate. The Canadian dollar fell in tandem with oil prices after the Energy Department said it is ready to release oil from the Strategic Petroleum Reserve if supplies are reduced by tropical storm Gustav. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/475-greenback-gains-as-us-q2-gdp-tops-estimates.html Hans Nilsson Thu, 28 August 2008 15:50:00 EDT 2008-8-28 The dollar traded mixed Wednesday after US durable-goods orders unexpectedly advanced in July and oil prices rose for a third day as Tropical Storm Gustav is moving toward production platforms in the Gulf of Mexico. The yen was little changed despite higher US stock prices. The euro rose on hawkish ECB comments. Sterling continued its decline following yesterday's important break of support at the 1.85-handle. The Canadian and Australian dollars were little changed. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/474-hawkish-ecb-talk-helps-euro.html Hans Nilsson Wed, 27 August 2008 18:20:00 EDT 2008-8-27 The dollar rose against its rivals Tuesday following better-than-expected US housing data as well as minutes from the latest FOMC meeting indicating Fed policy makers were done cutting interest rates but the timing of any rate increase was data dependent. The euro fell as Germany's GDP contracted in the second quarter and business expectations plunged. The yen declined on increased risk appetite following renewed financialmarket confidence. The Canadian dollar rose as crude oil prices increased on forecasts Hurricane Gustav may enter the Gulf of Mexico. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/472-eur_usd-likely-testing-long-term-uptrend.html Hans Nilsson Tue, 26 August 2008 18:00:00 EDT 2008-8-26 The dollar traded mixed Monday as US stocks plunged 2%, led by losses in AIG, as investors worried over the financial sector and credit market. US July existing home sales rose more than forecast but homes available for sales rose to a new record, indicating further price declines. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/470-dollar-mixed-on-plunging-stocks.html Hans Nilsson Mon, 25 August 2008 18:10:00 EDT 2008-8-25 The dollar gained against other key currencies Friday on lower commodity prices and a report that the Korea Development Bank considered buying Lehman Brothers. Federal Reserve Chairman Ben S. Bernanke tried to convince the financial markets that he does not need to raise interest rates as the slowing US economy will bail him out on the inflation front. The yen fell on increased risk appetite following renewed financial-market confidence. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/468-buck-bounces-back.html Hans Nilsson Mon, 22 August 2008 18:00:00 EDT 2008-8-22 The dollar fell against most key currencies Thursday on surging commodity prices as well as risks for a US recession indicated by the Conference Board US LEI dropping a more-than-expected 0.7% in July. Oil prices jumped nearly 5% as geopolitical tensions increased amid the Russian-Georgian conflict. The Australian and Canadian dollars rose as gold and oil surged. The European currencies gained as the dollar's momentum slowed and the other major currencies reduced their oversold conditions. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/467-greenback-drops-as-commodities-surge.html Hans Nilsson Thu, 21 August 2008 17:40:00 EDT 2008-8-14 The dollar was mostly higher against its rivals Wednesday despite renewed worries the US government may have to bail out the two mortgage giants Fannie Mae and Freddie Mac. The European currencies were lower on continued worries of Europe's economic growth outlook. Sterling traded lower, close to the important 1.85 support as minutes of the Bank of England's August meeting indicated "the upside risk to inflation in the short term had probably eased a little" while the outlook for the UK economy worsened. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/465-dollar-edges-higher.html Hans Nilsson Wed, 20 August 2008 17:40:00 EDT 2008-8-20 The dollar fell against other key currencies Tuesday on more signs of stagflation. US producer prices soared to a 27-year high and housing starts dropped to a 17-year low, further discrediting the Federal Reserve's attempt to stimulate the economy without causing serious inflation. The yen rose as US stocks declined for a second day on worries the US economic slowdown will be prolonged and credit-market losses may deepen. The euro gained for a second day after hitting a 6-month low last week. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/463-greenback-falls-as-inflation-and-housing-starts-worsen.html Hans Nilsson Tues, 18 August 2008 17:40:00 EDT 2008-8-19 The dollar consolidated gains against other major currencies Monday after reaching multi-month and multiyear highs last week. The greenback is currently overbought and data from the Chicago Mercantile Exchange showed that in the week to August 12, speculative investors had shifted their positions to stand long of the dollar against other leading currencies for the first time since February 2007. This could be read as bullish for the dollar, but we are more inclined to view that the greenback needs to consolidate gains before moving higher. Today there was modest profit-taking against the euro and Australian dollar. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/461-dollar-overbought.html Hans Nilsson Mon, 18 August 2008 17:45:00 EDT 2008-8-18 The dollar continued rallying versus its rivals Friday. The GBP/USD dropped for an 11th day, the longest losing streak in at least 37 years, on speculation a UK recession will force the Bank of England to lower interest rates. The Australian dollar fell as commodity prices declined and traders bet on lower interest rates. However, the Canadian dollar gained as Canada's trade surplus increased in June and manufacturing shipments exceeded expectation. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/459-usd-rally-continues.html Hans Nilsson Fri, 15 August 2008 19:00:00 EDT 2008-8-15 The dollar rose against its rivals Thursday despite the highest US inflation rate in 17 years and higher-thanexpected jobless claims. Investors shook off stagflationary readings, betting the Federal Reserve would get help from falling commodity prices in inflation fight. The greenback was supported by lower energy prices and higher US equity prices. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/457-dollar-index-penetrates-downtrend.html Hans Nilsson Thu, 14 August 2008 18:00:00 EDT 2008-8-14 The dollar traded mixed versus its rivals Wednesday, erasing earlier gains against the Australian and Canadian dollars after crude oil prices rose for the first time in four days. The euro, trading on both sides of the 1.49-area support, was little changed in late trading. Sterling plunged after the Bank of England saw serious trouble in the UK economy but downplayed the risk of prolonged inflation. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/455-commodity-currencies-find-support-as-oil-gains.html Hans Nilsson Wed, 13 August 2008 18:30:00 EDT 2008-8-13 The dollar traded mixed Tuesday consolidating multi-month highs over last week versus the yen, euro and Canadian dollar, while extending gains against the Australian dollar and sterling. The greenback was initially boosted after the US trade deficit unexpectedly narrowed in June as exports registered their biggest gain in nearly four and a half years. Sterling fell to the lowest level in over two years after more troubling UK economic data. The aussie declined for an 11th day, the longest losing streak since 1975, on slumping commodity prices and increased bets the Reserve Bank of Australia will cut interest rates. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/453-greenback-consolidates-gains.html Hans Nilsson Tue, 12 August 2008 18:00:00 EDT 2008-8-12 The greenback continued its ascent Monday on falling crude oil prices and rising US stocks. Supported by weaker growth outside the US, the dollar also got some safe-haven flow from the fighting between Russia and Georgia. Sterling fell to a 21-month low and the euro traded near a 6-month low on declining European economic growth. The Australian and Canadian dollars continued their declines as commodity prices fell again today. The USD/JPY was little changed and the yen rose against most other major currencies. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/451-dollar-index-at-crucial-resistance.html Hans Nilsson Mon, 11 August 2008 17:40:00 EDT 2008-8-11 In this feed, you will enjoy daily fundamental and technical market analysis from economist Hans Nilsson. http://cmsfx.com