Ardsley NEWS - WORLD FOREX: Dollar Up On Yen, Consolidating Against Others - Wall Street Journal Ardsley NEWS - WORLD FOREX: Dollar Up On Yen, Consolidating Against Others - Wall Street Journal

Tuesday, March 17, 2009

Ardsley NEWS - WORLD FOREX: Dollar Up On Yen, Consolidating Against Others - Wall Street Journal

TORONTO (Dow Jones)--The dollar is higher versus the yen while remaining in a pattern of narrow consolidation against the euro and other currencies early Tuesday. Looming interest rate decisions and statements from the Federal Reserve and the Bank of Saranac NEWS

LONDON, March 17 (Reuters) - The euro firmed versus the dollar on Tuesday, testing $1.30 on the back of better than expected results from Germany's ZEW survey of sentiment towards the euro zone's biggest economy. A broad improvement in risk sentiment Saranac NEWS

Rate holds gains and makes new high overnight; stops seen above weekly highs around the 1.4050 area. Tests support on pullback and holds for now. Lows likely remain secure. Reversal off weekly lows a positive technical but the volume needs to come up Saranac NEWS

The USD ended the New York session lower but off early weakness as two-way technical trade dominated after US news this morning. A weaker NY Man. Index was offset by flat housing data today helping to keep a bid tone to equities lifting the major Saranac NEWS

NEW YORK, (Reuters) - The dollar fell to trade little changed against the euro and rose versus the yen on Tuesday as a government report showed U.S. housing starts rose more than expected, diminishing demand for the greenback as a safe-haven. The U.S Saranac NEWS

USD traded lower yesterday pressured by a continued rebound in global equity markets and improving risk sentiment. Trading flow among the three major currencies was thin in Asia as players stood on the sidelines ahead of a much-awaited two-day Saranac NEWS

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