Dollar Extends Gains vs. EUR and CHF
Monday, 23 Jul 2012
Investors sought out safe-haven assets on Friday following renewed Spanish debt fears. The news sent the US dollar significantly higher against several of its main currency rivals, including the Swiss franc and euro. The USD/CHF gained close to 100 pips during European trading, eventually peaking at 0.9885 before staging a minor correction to close out the week at 0.9875. Against the euro, the USD was able to reach a fresh two-year high after investors became concerned that Spain would soon need to request an international bailout. The EUR/USD sank as low as 1.2143 before finishing the week at 1.2158.This week, dollar traders will want to pay attention to several potentially significant news events. On Tuesday, a speech from Fed Chairman Bernanke could lead to volatility if he hints at a new round of quantitative easing to boost the US economy. In addition, home sale data on Wednesday, followed by Thursday's Core Durable Goods Orders and Friday's Advance GDP figure mean that the greenback is likely to see plenty of movement in the coming days.
News Archives
| 20.07.2012 | Dollar Remains Bearish Following US News |
| 19.07.2012 | US Unemployment Claims Set to Generate Market Volatility |
| 18.07.2012 | Dollar Recoups Losses in Afternoon Trading |
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 07/23 | ||||||||
| 00:00 | USD |  FOMC Member Raskin Speaks | * | * | * |  | ||
| 07/24 | ||||||||
| 13:45 | USD | Fed Chairman Bernanke Speaks | * | * | * | | ||
| 14:00 | USD | Flash Manufacturing PMI | 52.5 | 52.4 | - | | ||
| 15:00 | USD | HPI | 0.8% | 0.6% | - |  | ||
| 15:00 | USD | Richmond Manufacturing Index | -3 | 0 | ||||
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