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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. »»»
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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