Previous session overview On Wednesday, the dollar was lifted for a second day by falling oil prices and repeated talk about an eventual need for U.S. interest rate hikes to curtail inflation. Factory orders in the euro zone dropped at their sharpest rate in five years in May, adding to other news Wednesday of slowing demand and rising prices. The euro is steady, with oil a bit lower and gold slightly higher. Dollar strength is the primary reason why the Euro is trading close to a 2 week low;

Previous session overview On Tuesday, the dollar staged a strong rally as a top Federal Reserve official said interest rates may soon need to be lifted and oil prices dropped by about USD3 a barrel. U.S. Treasury Secretary Henry Paulson repeated that a strong dollar is important for the nation’s interests, which provided background support for the U.S. currency. The Euro has weakened against the US dollar despite hawkish comments from ECB officials. Falling oil and concerns over the Euro

Previous session overview On Monday, the dollar slipped against its rivals, along with U.S. equities. The Greenback lost some ground as Oil advanced on news of hurricane Dolly in the Gulf. Bank of America results offered the Dollar and Stocks some support but enthusiasm waned and both lost ground into the US session close. The Euro hit a record high against the Japanese Yen in the early US trading session. The euro appreciated against the U.S. dollar as the single currency tested offers around

Previous session overview The euro closed little changed against the dollar Friday as U.S. stock markets and oil prices began to calm down following a week of turbulence. The stability in stock markets Friday allowed a bit more risk appetite to filter back into currency markets, pushing down the low yielding yen slightly against the euro and the dollar. The dollar also found some support from a better than expected earnings report from Citigroup. The U.S. banking giant posted Friday a loss of

Previous session overview On Thursday, the dollar rallied across the board, rebounding from sharp losses that accumulated since the start of the week, on a surge in U.S. stocks when crude oil futures dove more than USD5 on the day. In comments in an interview, ECB President Jean-Claude Trichet said there is a risk of a wage-price spiral developing in the euro zone. The euro also capitalized against the yen on the bounce to market sentiment. EURUSD bulls and bears are locked in a tight battle

Previous session overview On Wednesday, the dollar advanced versus its major rivals after the crude oil market closed down more than USD4 on the day, sending U.S. stocks higher. A better-than-expected earnings report from Wells Fargo sustained positive moves in financial stocks Wednesday, helping the dollar stay strong. The euro fell to an intraday low of USD1.5800 during the New York session; a significant change from its lifetime high struck just a day earlier at USD1.6040. The British

Previous session overview On Tuesday, the dollar stabilized and ended little changed versus the euro and hit a record low against the Euro as risk aversion continues to seep through the global markets. Stock markets have sold off around the world on the fear that another financial market crisis could be right around the corner. The euro shrugged off bad economic data from Germany, with the ZEW survey falling to a record low, rallying to a fresh all time high against the dollar above to 1.6038.

Previous session overview On Tuesday, the dollar traded near its all-time low against the euro Monday as investors weighed the ramifications of a government plan to rescue battered mortgage giants Fannie Mae and Freddie Mac. The Euro hit another record high against the Japanese Yen as growing concerns in the US economy continue to push the US dollar lower against the Euro. May Industrial Production came out weak at -1.9% confirming the slowdown in the Euro zone. EURUSD traded with a low of

Previous session overview On Friday, the euro almost hit a record high against the dollar on worries about mortgage giants Fannie Mae and Freddie Mac. A sharp fall in U.S. stocks, along with a fresh record high for crude oil futures on the New York Mercantile Exchange, sent the euro to an 11-week high of USD1.5949 - less than a cent from its record peak of USD1.6020. The Euro made solid gains against the dollar as banking concerns weighed breaking above 1.5900 as Oil and Gold surged higher.

Previous session overview On Thursday, the dollar posted a decline against the euro after Federal Reserve Chairman Ben Bernanke warned of “ongoing” financial market turmoil. The euro was hit yesterday after data showing French industrial production dropped much more sharply than expected in May, sunk by downturns in the automobile and energy sectors. Later Euro gained against the USD as surging oil and comments from US officials supported. EURUSD traded with a low of 1.5691 and a high of