Tag Archives: Dollar

Treasury Yields Pressure Dollar – Trading news

Daily Report: Dollar Sharply Lower after Solid 2-Year Notes Demand, More Bond Auctions ahead.  The U.S Dollar is trading sharply lower this week, with particular weakness in USD/JPY. The dollar weakness is primarily coming from falling treasury yields. Yesterday’s auction of $35b 2-year notes in US attracted solid demand, with bid-to-cover ratios at 3.71 times,… read more

Dollar Recovery after China Raises Reserve Requirement Ratio

Dollar is trying to recovery from intraday low after market sentiments are weighed down mildly by more tightening from China. China raised the so called bank reserve requirement ratio by 50bps to “appropriately control” credit and loans. This was the second reserve increase in two weeks as inflation is viewed as a serious threat to… read more

Japan intervenes in currency market to weaken yen (9/15/2010)

By TOMOKO A. HOSAKA Associated Press Writer TOKYO (AP) — Japan waded into the currency market Wednesday for the first time in six years, buying dollars to weaken the surging yen, which is battering famed Japanese manufacturers like Toyota and Sony after spiking to 15-year highs. Prime Minister Naoto Kan surviving a leadership challenge the… read more