American Dollar
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    American Dollar

    The dollar fell to the lowest versus the euro since November 2011 as a strengthening U.S. jobs market and expectations the Federal Reserve will sustain stimulus to ensure the recovery boosted investors’ risk appetite.

    The shared currency rose against most major peers as separate data showed European manufacturing at its highest level in almost a year. The yen sank to a 2 1/2-year low amid bets Japanese Prime Minister Shinzo Abe will pick a new central-bank governor who will boost stimulus.


    source_http://www.bloomberg.com/news/2013-02-01/dollar-weakens-as-increase-in-u-s-payrolls-boosts-risk-appetite.html

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    The dollar may extend gains and touch 94 yen for the first time in more than two years after crossing a key retracement level on the Fibonacci chart, according to JPMorgan Chase & Co.

    The greenback is likely to test the range of 93.95 to 94 yen, the 38.2 percent Fibonacci retracement of the currency’s slide from its “cycle peak” in 2007, Niall O’Connor, a technical analyst at JPMorgan Securities, wrote in a research note to clients yesterday. The dollar last month climbed above its 23.6 percent retracement of the June 2007 high of 124.14 to the postwar low of 75.35 set in October 2011, according to data compiled by Bloomberg.


    source_http://www.bloomberg.com/news/2013-02-05/dollar-may-approach-94-yen-with-upward-bias-technical-analysis.html

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    The dollar turned positive against the Japanese yen and briefly extended gains versus the euro on Thursday after U.S. data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week.

    The data pointed to a continued steady improvement in labor market conditions. The dollar last traded at 93.42 yen, up 0.1 percent on the day. It had been trading at about 93.28 before the release of the data, according to Reuters data.


    source_http://www.reuters.com/article/2013/02/14/markets-forex-idUSL1N0BE21Z20130214

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    The Dollar Index (DXY) rose to a three- month high before the release of U.S. leading indicators and a regional manufacturing gauge today amid expectations the recovery in the world’s largest economy is gathering pace.

    Minutes of the Federal Reserve’s last meeting showed several policy makers advocated varying the pace of bond purchases. The euro remained lower against the dollar before data that economists say will show the manufacturing and services industries shrank in the currency bloc. Australia’s dollar fell as Asian stocks declined, sapping demand for higher- yielding assets.


    source_http://www.bloomberg.com/news/2013-02-20/dollar-holds-gains-against-peers-before-u-s-leading-indicators.html

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    The dollar is on the verge of a downward correction versus the yen after it failed to surpass 95, Mizuho Corporate Bank Ltd. said, citing trading patterns.

    The greenback touched 94.77 yen on Feb. 25, the highest since May 2010, before falling below the base line of its daily ichimoku chart for the first time in three months. The U.S. currency traded at 91.88 as of 12:38 p.m. in Tokyo, compared with the base line at 91.41 and yesterday’s close at 91.98.


    source_http://www.bloomberg.com/news/2013-02-27/dollar-on-verge-of-correction-against-yen-technical-analysis.html

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    The dollar fell for a second day against most of its major counterparts before a private jobs report in the U.S. forecast to show companies added positions.
    source_http://www.bloomberg.com/news/2013-03-05/dollar-remains-lower-versus-majors-before-u-s-jobs-data-ecb.html

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    For the first time in four years, the dollar is participating in a rally that has sent stocks to record highs as traders in the $4-trillion-a-day foreign-exchange market bet the world’s largest economy will only strengthen.

    That’s unusual because the greenback has tended to move in the opposite direction to equities in recent years as investors sought a haven from the global financial crisis, sovereign bailouts in Europe and slower growth.

    source_http://www.bloomberg.com/news/2013-03-06/euro-trades-near-almost-three-month-low-before-ecb-meeting.html

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    The dollar approached the strongest since August 2009 versus the yen as signs the American economy is gaining momentum boosted demand for the U.S. currency.

    The Dollar Index (DXY) traded within 0.2 percent of the highest in seven months before reports this week that economists said will show retail sales improved in February and consumer prices increased.
    source_http://www.bloomberg.com/news/2013-03-10/dollar-approaches-3-1-2-year-high-on-u-s-growth-pickup.html

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    The Dollar Index (DXY) rose toward a seven-month high before a report tomorrow that may show U.S. retail sales improved last month, fanning speculation the Federal Reserve will scale back monetary stimulus.

    “The U.S. economy has got momentum,” said Imre Speizer, a strategist at Westpac Banking Corp. in Auckland, Australia’s second-biggest lender. “Good U.S. news will support the U.S. dollar more so these days.”

    The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback versus the currencies of six U.S. trading partners, advanced 0.2 percent to 82.710 as of 7:10 a.m. in London. It reached 82.924 on March 8, the highest since August.

    source_http://www.bloomberg.com/news/2013-03-11/yen-drops-to-3-1-2-year-low-before-boj-releases-minutes.html

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    The Dollar Index was set to end its longest streak of weekly gains in eight months before a report forecast to show price increases are in check, reducing pressure on the Federal Reserve to curb monetary easing.
    The U.S. currency was weaker after technical charts signaled recent advances may have come too fast.
    The Dollar Index (DXY), which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, slid 0.1 percent to 82.49 as of 6:52 a.m. in London and was poised to drop 0.3 percent this week. The gauge climbed for five weeks through March 8, the longest run of advances since the period ended June 1.
    The 14-day relative strength index for the Dollar Index was at 71.7 on March 13, above the 70 threshold that signals to some traders that an asset’s value has climbed too far, too fast and is poised to reverse. The Dollar Index will end 2013 at 82.2, according to the median forecast of economists surveyed by Bloomberg.

    source_http://www.bloomberg.com/news/2013-03-14/dollar-remains-lower-as-inflation-seen-no-threat-to-fed-stimulus.html

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