Dollar climbs after Fitch cuts Ireland’s ratings

NEW YORK (AP) —The dollar climbed against the euro after the credit ratings agency Fitch slashed Ireland’s debt rating,saying its big bailout showed its debt crisis was worse than had been known. The move highlighted the euro region’s problems and prompted traders to resume selling euros.

The European Union bailed out Ireland because . . . →Read More:Dollar climbs after Fitch cuts Ireland’s ratings

Dollar higher after Obama,GOP make a tax deal

Dollar gains vs euro,yen after Obama,GOP make a tax deal that could boost US economy

The dollar kept gaining against yen and edged higher versus the euro Wednesday in the aftermath of a tax package that,if passed,could boost the U.S. economy.

Republican leaders and the White House made a deal extending . . . →Read More:Dollar higher after Obama,GOP make a tax deal

Speculators Increase US dollar Long Positions

Week (Data for Tuesdays)

13 Week Index (Current)

13 Week Index (Previous)

US Dollar

83

75

Euro

25

42

British Pound

67

92

Australian Dollar

0

0

NZ Dollar

83

100

Japanese Yen

8

0

Canadian Dollar

33

83

Swiss Franc

8

0

The COT Index is the . . . →Read More:Speculators Increase US dollar Long Positions

Dollar Steady in its Bullish Bearing Despite a notable Rally from the S&P 500

• Euro Selling Subsists through Correction in Risk Trends,Fundamental Gravity Increasing

• British Pound Steady in the Face of GDP Figures that Hint at Trouble Ahead

• Japanese Yen Pairs Nicely with Risk Trends as the Carry Influence Leverages Correlation

• Australian Dollar’s Risk-based Rally Unencumbered by Disappointing Growth Data

• Canadian Dollar:Is . . . →Read More:Dollar Steady in its Bullish Bearing Despite a notable Rally from the S&P 500

British Pound Forecast to Strengthen Against Japanese Yen

GBPJPY –The ratio of long to short positions in the GBPJPY stands at -5.26 as nearly 84% of traders are short. Yesterday,the ratio was at -2.73 as 73% of open positions were short. In detail,long positions are 16.7% lower than yesterday and 2.4% weaker since last week. Short positions are 60.5% higher . . . →Read More:British Pound Forecast to Strengthen Against Japanese Yen

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