In forex trading this week, increased evidence of the global economic slowdown reaching the Eurozone, coupled with renewed confidence in U.S. resilience, led to more firmness for USD despite still rising commodities prices, including crude oil, which set new record highs for five consecutive days before peaking above $126 on Friday 9 May. Losses and […]

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Rising risk appetite this past forex trading week undercut the safe-haven currencies, while lowering confidence indices and milder inflation figures did the same for the Euro and easing of commodities prices weakened the currencies of export nations—leaving the U.S. dollar and the pound sterling as the last major currencies standing.
Australian inflation printed at 4.2% in […]

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