Money Market - US Dollar Exchange Rate
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Forex - EUR/USD Weekly Outlook: September 19-23
Forexpros – The U.S. dollar was higher against the euro on Friday, trimming the week’s losses as the single currency came under pressure after a meeting of European Union finance ministers failed to make headway on resolving the region’s debt crisis.
EUR/USD hit 1.3936 on Thursday, the pair’s highest since September 9; the pair subsequently consolidated at 1.3792 by close of trade on Friday, rising 1.5% over the week.
The pair is likely to find support at 1.3493, Monday’s low and a seven-month low and resistance at 1.3936, Thursday’s high.
EU ministers failed to reach an agreement over a controversial demand by Finland that Greece provide collateral in exchange for further bailout funds.
The meeting was also attended by U.S. Treasury Secretary Timothy Geithner, who urged euro zone leaders to overcome damaging divisions and remove “catastrophic risk” from markets.
Also Friday, ratings agency Moody’s said it would extend its three-month review of Italy’s sovereign debt rating because of “the increasingly challenging economic and financial environment and fluid political developments” in the euro zone.
dijiada's blog: Treasury auction of concern on the 3rd U.S. dollar ...
This year, other bazaar analysts and investors to pay more r than ever before, the U.S. Moneys auction conditions, for the most part because cords auction pre-eminence to point out whether the foreign investors remain to show interest in U.S. administration bonds, while the latter for refuge buyers The throng and other lenders, the availability of low interest rates have a basic r. The simultaneous holdings of U.S. Exchequer bonds abroad investors accounting for almost half of the reckon U.S. Resources bonds.
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