Forex Yellow Pages

Dollar selling continued this week, but the pair had a hard time clearing the 1.5850 resistance level on the way to challenging the 1.5900 all time highs. Perhaps the bears are starting to run out of steam. Certainly the economic data gave them little to chew on this week. Overall the results were mixed as housing data and personal income showed some mild improvement but Durable Goods once again missed to the downside. At best one could say that the US fundamentals have not become dramatically worse and that was enough to keep dollar bears at bay.

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Source: FXStreet

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Hidetoshi Honda, a currency strategist at Mizuho Corporate Bank Ltd., talks with Bloomberg’s John Dawson and Naga Munchetty in London about the outlook for the U.S. dollar, Japan’s economy and his strategy for the rand and yen. The dollar has fallen 7.6 percent against the euro this year, heading for its sixth straight quarterly loss and the biggest since 2004 as the Fed slashed interest rates by 3 percentage points since September to 2.25 percent. (Source: Bloomberg)

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via ninemsn

SINGAPORE, March 28 (Reuters) – Gold dipped on Friday after the dollar rose on a government report showing the U.S. economy grew in line with market expectations in the fourth quarter, but surging oil could offer support. Read more…

via Canadian Economic Press

16:40 03/25 (CEP News) Montreal – Canadian government bonds underperformed Treasuries after economic data painted a divergent picture of North America’s two largest economies. Statistics Canada reported an unexpected surge in retail sales while U.S. consumer confidence tumbled and home prices plummeted.

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The dollar fell the most against the euro in two weeks on speculation industry reports will show U.S. consumer confidence dropped to a five-year low and the housing slump deepened.

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