Greenback Touches 2009 Low vs. Currency Basket
The Dollar fell to its lowest levels this year on Monday after the Institute for Supply Management's index on U.S. manufacturing improved more than expected in July. Along with some better earnings reports from foreign banks, the data supported equity markets and spelled trouble for the U.S. currency because investors no longer desire its safe-haven status.
| Full article | | | Forex News Archive |
Dollar Drops to Lowest Level Since the Collapse of Lehman Brothers
The USD fell to its lowest levels this year on Monday after the release of the ISM Manufacturing PMI, which showed U.S manufacturing improved more than expected in July. This report was one of a number of reports that showed manufacturing around the world is picking up. Better than expected earnings reports as well as the rise in Crude Oil prices further intensified the Dollar's drop.
| Full article | | | Forex News Archive |
GBP Spikes as UK Manufacturing Grows for First Time since June 2008
After the sharp drop in the USD last Friday, many investors were anticipating a rebound for the greenback, but none has been forthcoming so far in today's trading. Various reports from Europe and Britain have pushed risk appetite higher in those countries, pushing many investors into the higher yielding currencies such as the EUR, CHF, and GBP. Meanwhile, the Dollar has been steadily declining across the board.
| Full article | | | Forex News Archive |
| USD Daily News | EUR Daily News | |
| Dollar Tumbles on Optimistic Manufacturing Data | EUR Soars to 7 Month High versus the USD | |
| JPY Daily News | Commodity Daily News | |
| JPY Falls against All the Major Currencies | Crude Oil Climbs to Over $72 a Barrel | |
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