Charlotte's Feed
Oct 25, 2010

Dollar resumes drop after G20, eyes on Fed

TOKYO (Reuters) – The dollar fell broadly on Monday as investors interpreted a Group of 20 agreement to shun competitive currency devaluations as a green light to resume dollar selling.

At the meeting in South Korea, G20 finance ministers also struck a surprise deal to give emerging nations a bigger voice in the International Monetary Fund, recognizing the quickening shift in economic power away from Western industrial nations.

Oct 22, 2010

Dollar supported as G20 meets,charts offer signposts

TOKYO, Oct 22 (Reuters) – The dollar sat tight on Friday as
G20 finance ministers began a meeting which players doubt will
yield much progress on the vexed question of currency
depreciations, with charts instead dictating play.

The euro, which corrected sharply lower this week after a
month-long rally, paused after a rebound failed to clear
resistance at $1.4050 on Thursday, and was showing signs of
deterioration on its euro/yen chart.

Oct 21, 2010

Dollar gets a fillip but ranges rule before G20

TOKYO (Reuters) – The dollar rose on Thursday on short-covering after comments by Treasury Secretary Tim Geithner that major currencies were roughly in alignment, but tempered its gains ahead of a G20 meeting likely to debate currency policies.

The greenback has been under heavy selling pressure for weeks, pushed down by expectations of further quantitative easing by the Federal Reserve to boost a sluggish U.S. recovery, and the market has generally become short dollars in anticipation.

Oct 19, 2010

Dollar tries out firmer ground, choppy times ahead

TOKYO, Oct 19 (Reuters) – The dollar gingerly tested firmer
ground on Tuesday after a bout of choppiness, and players didn’t
rule out an eventual 1.5 cent retreat by the euro if some long
positions grew stale and unwound ahead of expected U.S. easing.

With quantitative easing from the Federal Reserve now
well-priced in ahead of its Nov. 2-3 meeting, currencies have
broken higher ground against the dollar, with the euro topping
$1.4160 last week and the Australian dollar testing parity.

Oct 19, 2010

Dollar caught in ranges, bounces seen shortlived

TOKYO (Reuters) – The dollar lost ground in early Asian trade on Tuesday, giving up some of the gains scored after Treasury Secretary Tim Geithner said the United States would not engage in dollar devaluation, with players seeing limited scope for now for significant advances.

The greenback was soft against the yen, holding within half a yen of its recent 15-year low, and flat against a basket of currencies as it tried to consolidate following a small rebound from a 10-month low set last week.

Oct 13, 2010

Dollar languishes, euro climbs towards $1.40

TOKYO, Oct 13 (Reuters) – The dollar came under broad selling
pressure on Wednesday, with investors emboldened to test key lows
against the euro, the Swiss franc and a basket of currencies as
more signs emerged pointing to U.S. policy easing.

The euro looked set for a challenge of $1.40 and its
eight-month high at $1.4030 after Federal Reserve minutes the day
before reinforced expectations of more quantitative easing, with
a sustained break above the $1.4025-45 area seen as heralding
further gains.

Oct 13, 2010

Dollar languishes, euro heads up towards $1.40

TOKYO, Oct 13 (Reuters) – The dollar came under broad selling
pressure on Wednesday as investors sold it down in a bid to test
key lows against the euro, the Swiss franc and a basket of
currencies.

The euro looked set for a challenge of $1.40, with eyes on
its eight-month high at $1.4030, after Federal Reserve minutes
the day before reinforced expectations of more quantitative
easing.

Oct 13, 2010

Euro firm but lacks drive as consolidation seen due

TOKYO (Reuters) – The euro on Wednesday held on to gains made after minutes of a Federal Reserve meeting showed easier policy might be needed “before long,” forcing a pause in a dollar rebound and leaving the greenback near key lows.

But the euro did not follow through strongly on the previous session’s gains and was unable to clear $1.4000 decisively, and dealers said more consolidation might well be in order if the euro balked again at that level.

Oct 12, 2010

Dollar edges up on euro as short covering boosts

TOKYO, Oct 12 (Reuters) – The dollar held its ground on the
euro and a basket of currencies on Tuesday, showing signs it may
retain gains near-term from a short-covering bounce as players
take some short positions off the table.

The euro has struggled to clear $1.40 EUR= in the past
three sessions, after hitting an eight-month high of $1.4030 last
week, and traders said automatic sell orders were starting to
build just below the current price, down at $1.3830-35.

Oct 12, 2010

Dollar steady on euro but loses ground vs yen

TOKYO, Oct 12 (Reuters) – The dollar held its ground on the
euro on Tuesday after a short-covering bounce, as the scope for
building more short positions on QE expectations became limited,
but lost some of its recent gains on the yen.

The euro has struggled to clear $1.40 EUR= in the past
three sessions, after hitting an eight-month high of $1.4030 last
week, and traders said automatic sell orders were starting to
build down at $1.3830-35. The euro eased to $1.3870 EUR=.