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  • H.S. Borji

    The US dollar advanced against a basket of currencies Tuesday, as retail sales and business inventories supported expectations the US economy rebounded in the second quarter. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.25 percent to 80.39. The index has gained more than 0.2 percent

  • H.S. Borji

    US business inventories increased steadily in May, supporting expectations of a sharp rebound in economic growth in the second quarter. Business inventories rose 0.5 percent in May, following a gain of 0.6 percent in April that was the biggest in six months, the Commerce Department reported today in Washington. The reading was slightly below forecasts

  • H.S. Borji

    US retail sales advanced less than forecast in June, but broad-based gains supported the view the economy rebounded at a steady rate in the second quarter. Retail revenues increased 0.2 percent in June, following a gain of 0.5 percent the previous month that was larger than initially reported, the Commerce Department reported today in Washington.

  • H.S. Borji
    Forex » US Dollar Holds its Ground
    H.S. Borji - July 14, 2014, 18:50 GMT

    The US dollar was little changed against a basket of currencies Monday, as a dearth of economic data kept forex traders on the sidelines ahead of an active week that features several high profile data releases. The US dollar index, a gauge of the greenback’s performance versus six commonly traded peers, advanced 0.04 percent to

  • H.S. Borji

    The Canadian dollar was consolidating at multi-week lows against its US counterpart Monday, ahead of an active week that features Canadian monetary policy and US economic data. The loonie, as Canada’s currency is called, was trading at 0.9316 US, little changed from its previous close. The USDCAD pair was trading at 1.0733. Initial support is

  • David Becker

    Stocks were hammered on the open on Thursday as European distress spilled over into US markets. The S&P500 opened 1% lower in the first few minutes and rallied throughout the day. It bounced off the support provided by the June 9 high and the June 26 low. By analyzing the behavior between the Russell 1000

  • H.S. Borji

    The Canadian dollar declined sharply against its US counterpart Friday as weak jobs data reminded investors Canada’s recovery still faces headwinds. The loonie, as Canada’s currency is known, declined 0.61 percent to 0.9329 US, after trading at an intraday high of 0.9407 US prior to the jobs report. The USDCAD pair advanced 0.65 percent to

  • H.S. Borji
    Forex » AUD/USD Hits Resistance
    H.S. Borji - July 10, 2014, 19:39 GMT

    The Australian dollar backtracked against its US counterpart Thursday amid mixed Australian employment data and weaker than forecast Chinese trade figures. The AUDUSD retreated from an intraday high of 0.9445 to settle at 0.9373, declining 0.4 percent. The pair, which traded steadily ahead of the employment report, faced stiff resistance at 0.9433. Initial support is

  • James Boston

    The US Wholesale Inventories number has fallen slightly during the month of May according to data just published by the US Census Bureau. The reading of 0.5% is down on April’s 1.0% and also comes in marginally below the consensus expectation of 0.6%. Durable Goods Inventories increased 1.0% somewhat offsetting a fall in the Non

  • H.S. Borji

    US dollar was trading lower against a basket of currencies Wednesday as yields on long-dated US Treasuries rose modestly, while the markets awaited the minutes of the June 17-8 Federal Reserve policy meetings. The US dollar index, a weighted average of the greenback’s performance against six commonly traded peers, declined 0.17 percent to 80.04. The