FOREX: Dollar: What was the Catalyst for the Dollar Biggest Rally in Six Months and Will NFPs Keep it Going?

A long overdue correction was finally played out by the heavily battered dollar through Thursday’s session. For the short-term bullish trader, the ‘why’ is of little concern as move has been made.

What the Fed has Done to the Dollar

The headline event for this week was the FOMC statement, which was followed by the first ever press conference. Fed Chairman Ben Bernanke signaled that the Fed could maintain a near zero percent interest rate policy till the August 9th meeting or possibly later. The Fed also confirmed that it

What Does Ugly US Data Mean for the USD?

A very ugly batch of data today from the US, particularly the new spike in jobless claims, will have the market cooking up fresh imaginings of QE to infinity. But what does the data mean for risk appetite and for the USD could it be slightly USD supportive in