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Forex Wrapup 03.16.09

US Dollar Joins Low-Yielding Japanese Yen, Swiss Franc in Declines as Demand for Carry Improves

– Euro Gains Despite Accelerating Job Losses as CPI Rises for First Time in 6 Months – British Pound Trades in 300 Point Range as FX Volatility Remains…

US Dollar, Japanese Yen, British Pound Could Feel Impact of Central Bank News

The US dollar, Japanese yen, and British pound are all likely to experience choppy price action this week in light of rate decisions from the Federal Reserve…

A Clear Range Sets Up A Good Opportunity For The Exotic USDNOK

One word can describe USDNOK price action over the past five months: consistency. Traders may shy away from this exotic pair with its seemingly high level…

Euro Stalls After Slightly Exceeding 100-Day SMA (Daily Classical)

Euro gains stall after slightly exceeding 100-Day SMA. Dollar/Yen direction unclear; compelling on both sides. Cable still corrective but approaching 50-Day…

COT 03/16

AUD: Australian Dollar speculators are net short and commercials net long.

COT Data Indicates Potential for Multi-Week Dollar Decline

Speculators may be too comfortable with US Dollar short positions. Commercials are positioned for a dollar decline. Positioning relative to the last 13…

Greenback Finds Some Bids in US Following Morning Event Risk (Midday Snapshot)

Overnight Interest Rate Update 03.16.09

Current Yesterday USD 0.32625 0.32750 GBP 0.65125 0.66125 EUR 0.78688 0.79000 JPY 0.18563 0.17988 CHF 0.15000 0.15833 AUD 3.38750 3.40000 CAD 0.45500 0.43000 NZD 3.17500 3.15000

US Dollar Lower as Stocks Rally in Asia, Higher CPI Not Good News for Euro Zone

The US Dollar retreated as stocks moved higher on Asian exchanges on optimism fueled by an unexpectedly civil summit of G20 finance ministers, a neutral…