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  1. #1
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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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  2. #11
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    Dollar RSI
    The dollar’s advance versus the yen may stall, Citigroup Inc. said, citing declines in the relative strength index.
    The greenback’s 14-day RSI against its Japanese counterpart is near the neckline of 50 in a so-called head-and-shoulders chart, and a drop below that level may indicate a pause in the trend, Citigroup foreign-exchange strategist Osamu Takashima wrote today in a note to clients.
    The dollar touched 96.71 yen on March 12, the strongest level since 2009.
    Singapore’s currency reached S$1.2406 per U.S. dollar, the strongest since March 4. The city state yesterday reported a higher-than-estimated inflation rate for February.

    source_http://www.bloomberg.com/news/2013-03-26/yen-holds-gain-versus-peers-as-boj-s-kuroda-speaks-in-parliament.html

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    Revised figures from the U.S. Commerce Department today may show the economy expanded at a 0.5 percent annual pace in the fourth quarter, faster than the government’s previous estimate of 0.1 percent growth, according to the median forecast in a Bloomberg News survey.
    The Dollar Index (DXY) was at 83.157 after touching 83.302 yesterday, the highest level since August. The gauge, which IntercontinentalExchange Inc. uses to track the greenback versus the currencies of six U.S. trading partners, may rise toward 86 in the coming months, according to London-based NAB currency strategist Gavin Friend.
    There’s been “no shortage of signs” that strong U.S. economic figures is leading to gains in the currency, Friend wrote in an e-mailed note to clients yesterday.
    “There is the potential for further U.S. dollar gains based on a further improvement in data,” he wrote.

    source_http://www.bloomberg.com/news/2013-03-28/yen-gains-versus-peers-as-boj-s-kuroda-gives-no-new-policy-hints.html

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    The dollar weakened past 93 yen for the first time in a month before data this week forecast to show the recovery in the U.S. job market isn’t fast enough to prompt the Federal Reserve to reduce monetary stimulus.
    The yield premium on 10-year U.S. Treasuries over similar- maturity Japanese government bonds slid to the least in a month, sapping the relative advantage of dollar-based assets.
    “The U.S. economy isn’t strong enough to make a significant dent in the unemployment rate,” said Peter Dragicevich, a Sydney-based currency economist at Commonwealth Bank of Australia (CBA), the nation’s largest lender. “Given that’s one of the key thresholds the Fed is looking for, we can’t see it pulling back from its stimulus.”
    Companies in the U.S. probably added 200,000 jobs last month after an increase of 198,000 in February, economists forecast in a Bloomberg News survey before ADP Research Institute releases the data tomorrow. Government figures on April 5 are likely to show that the jobless rate was 7.7 percent in March, unchanged from the prior month, according to another poll.

    source_http://www.bloomberg.com/news/2013-04-01/dollar-touches-one-month-low-versus-yen-before-u-s-jobs-reports.html

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    The U.S. isn’t broke, and the dollar isn’t in danger of collapse, according to Capital Economics Ltd.

    Taking into account total domestic assets and liabilities, the U.S. economy’s overall net worth is about 550 percent of gross domestic product in 2011, Paul Ashworth, the chief U.S. economist at Capital Economics, wrote in a research note. That compares with official figures showing U.S. GDP at close to $15 trillion, while national debt has ballooned to $16.8 trillion after nearly tripling since 2001.
    “At first glance it does appear that America is caught in some sort of debt super cycle,” Toronto-basedAshworth wrote yesterday. After accounting for increases in domestic asset values “the rise in credit market debt and total financial liabilities does not look particularly egregious.”

    source_http://www.bloomberg.com/news/2013-04-09/u-s-isn-t-broke-dollar-won-t-collapse-capital-economics-says.html

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    The dollar may resume its advance against the yen as potential short-term gains in the Japanese currency provide opportunities to sell it, JPMorgan Chase & Co. said, citing trading patterns.
    The focus for the greenback is the key resistance from 99.70 yen to 101.45, an area that contains the 50 percent retracement of the currency’s drop from the 2007 “cycle high” and the 2009 peak,Niall O’Connor, a technical analyst at JPMorgan, wrote in a research note to clients yesterday. Deeper targets start from the 102.35 area, the 76.4 percent retracement from the 2008 high, he wrote.
    “The overall upside bias is intact” for the dollar versus the yen, O’Connor wrote. While the pullback in dollar-yen earlier this week “highlights the importance of the next line of key targets, there remains little evidence of a sustained reversal at this point,” he wrote.

    source_http://www.bloomberg.com/news/2013-04-10/dollar-s-upward-bias-against-yen-is-intact-technical-analysis.html

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    The dollar fell against the euro, reversing an earlier gain, after a report showed manufacturing in the Philadelphia region expanded less than forecast, boosting the chances that U.S. monetary stimulus will be maintained.

    A gauge of currency volatility rose to the highest level in almost four weeks. Sterling gained amid bets the U.S. currency will weaken as the Federal Reserve keeps buying bonds to spur economic growth, while Brazil’s real tumbled after policy makers raised interest rates less than forecast. The euro slid yesterday the most since June against the dollar.

    source_http://www.bloomberg.com/news/2013-04-18/euro-erases-advance-against-dollar-as-u-s-equities-decline.html

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    “The U.S. dollar will remain heavy, particularly as U.S. bond yields stay low,” said Joseph Capurso, a Sydney-based foreign-exchange strategist at Commonwealth Bank of Australia. (CBA) “The Fed meeting this week is not going to make any changes to policy or their statement.”

    The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, slid 0.2 percent to 82.308 as of 12:48 p.m. in Singapore. The U.S. currency dropped 0.4 percent to 97.64 yen and lost 0.2 percent to $1.3051 per euro. It fell 0.3 percent to $1.5525 per pound after touching $1.5527, the weakest since Feb. 15. The euro slid 0.2 percent to 127.44 yen.

    source_http://www.bloomberg.com/news/2013-04-28/dollar-index-falls-before-u-s-spending-data-fed-policy-meeting.html

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    The dollar touched the lowest in more than a week versus the euro before the Federal Reserve begins a two-day meeting amid bets it will maintain its quantitative easing bond purchases for the foreseeable future.

    The greenback is set for its first monthly drop since January ahead of a U.S. report tomorrow forecast to show private employers added the fewest jobs in six months. The yen is set to complete a seventh monthly decline as an advance in Asian equities boosted demand for higher-yielding assets. New Zealand’s dollar slid versus its Australian counterpart after data showed home-building approvals in the smaller nation unexpectedly decreased last month.
    “The dollar is being sold with weakening U.S. economic indicators and talk of prolonged quantitative easing,” said Yasuhiro Kaizaki, the vice president of global markets at Sumitomo Mitsui Trust Bank Ltd. in New York. “The Fed may become a little bit more cautious about its assessment on the economy.”

    source_http://www.bloomberg.com/news/2013-04-29/dollar-remains-lower-versus-majors-before-fed-jobs-kiwi-slides.html

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    The dollar gained versus most of its major counterparts after a report showed U.S. retail sales unexpectedly increased in April, bolstering optimism in the world’s largest economy.

    “We had better-than-expected retail-sales numbers from the U.S., and consumer spending appears to be doing better than expected amid headwinds,” Brian Daingerfield, a currency strategist at Royal Bank of Scotland Group Plc’s RBS Securities unit in Stamford, Connecticut, said in a telephone interview. “Markets are very keen on stronger data in the U.S. potentially portending a stronger dollar if the Fed opts to taper purchases a bit early.”

    source_http://www.bloomberg.com/news/2013-05-12/yen-weakens-past-102-versus-dollar-after-g-7-tolerates-decline.html

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    The dollar traded 0.2 percent from the strongest level in five weeks against the euro as improving sentiment toward the U.S. economy spurred speculation the Federal Reserve will reduce stimulus. The yen rallied from a more than four-year low.

    The Dollar Index (DXY) touched the highest in nine months yesterday and U.S. Treasury yields climbed to a level unseen since March after Fed Bank of Philadelphia President Charles Plosser reiterated that the central bank should begin to curtail bond purchases. Fed Bank of Richmond President Jeffrey Lacker will speak today. The yen rallied as technical indicators signaled recent losses have been too rapid.
    “Yield differentials have turned a little more in favor of the U.S. and that’s helped the dollar across the board,” said Michael Turner, a Sydney-based debt strategist at Royal Bank of Canada. “The economic trend is improving over the medium term, so it’s really down to what the Fed has to say.”

    source_http://www.bloomberg.com/news/2013-05-14/dollar-near-5-week-high-versus-euro-on-bets-fed-to-cut-stimulus.html

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