· US Dollar remains resilient as currency traders unable to force major greenback sell-offs
· Dollar strength directly tied to the global carry trade and the Dow Jones Industrial Average
· Do you think that the carry trade will continue to gain? Vote in our forex forum.
To discuss these or any other FX topics with the DailyFX [...]
Key Points
· Dollar Falls on Signs of Stabilization in Carry Trade -
Tomorrow eyes significant event risk
· Carry trades bounces, but
has overall risk appetite returned?
· Check out our new and improved
Weekly Calendar!
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Key Points· Japanese Yen Continues to Steal headlines -
Rallies against all except dollar
· Carry trades unravel on risk aversion -
Carry Basket Drops Considerably
· Check out our new and improved
Weekly Calendar!
· US markets sent reeling with the Dow, S&P down over 2% and Treasuries rocketing higher
· How will Friday’s US GDP report impact the bond, forex, and equity markets?
· Carry trades unravel on risk aversion – how will tonight’s Japanese CPI report fare?
· Check out our new and improved Weekly Calendar!
To discuss [...]
By DailyFX Radio | July 24, 2007
Listen here: Radio Podcast for July 24, 2007
· US Dollar sees weakness on Dow Tumbles: this is not likely over.
· Strong jump in S&P 500 Volatility Index proves bearish for carry trades: Japanese Yen rallies
· New Zealand Dollar awaits critical Reserve Bank of New Zealand Decision.
Despite broad dollar weakness, dollar gets a boost from oil prices but still holds in a range. Thursdays new home sales could show more issues with subprime housing market. Durable goods is anticapated to improve.
How high can the euro and the gbp go? DailyFX analysts Terri Belkas and David Rodriguez discuss that and the fate of the dollar after Bernake’s recent testimony.
Listen to today’s forex news podcast from DailyFX analysts.
Listen to DailyFX analysts recent podcasts about where the euro is heading.
Dollar softer against the euro with fresh highs of 1.3797. Dollar also hit 26 year lows against the british pound.