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08.09.2009
Signs of renewed long-term decline in dollar dive
The dollar's summer doldrums gave way to a severe case of post-Labor Day blues Tuesday that could mark a resumption of a longer-term decline for the greenback. A return to fuller market participation following the low-liquidity summer vacation period saw the dollar plunge to new 2009 lows against the euro and other widely traded currencies. It also resulted in a new 12-month low for the DXY Dollar Index, a measure of the dollar's value against a basket of six currencies.
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27.08.2009
Correlations Changing In Currency Markets
Currency market correlations are breaking down as the global economy comes out of the depths of recession. The world is in a different place than it was one year ago, and this is leading traders to question strategies that emerged as a result of the financial crisis, as well as trends over the last several months. It's not yet clear what the new trend is, particularly given thin summer markets.
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