Reserve Currency « AutomaticForex

U.S. Dollar Comes Up Against Support,Euro Rally Could Be Short-Live

By zagros,on July 21st,2011%

Companies:Dow Jones FXCM Dollar Index Topics:Currencies David Song,On Thursday July 21,2020,12:08 pm EDT

The Dow Jones-FXCM U.S. Dollar index tumbled to a fresh monthly low of 9457.89,and the reserve currency may struggle to hold its ground throughout the North American trade as investors raise their appetite for yields.

Geithner Speech Frightens USD Bears

By zagros,on October 19th,2010%

Playing,the role of the USD good guy,Treasury Secretary Geithner said yesterday that the US will not devalue the USD. Continuing as reported on Market Watch:

No country,including the U.S.,can devalue its way to progress and prosperity,he added.

The U.S. dollar plays a “particularly special” role as the main reserve currency . . . →Read More:Geithner Speech Frightens USD Bears