Peter G asked:
Would a stock market rally make the dollar appreciate in value.
If so, why?
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Would a stock market rally make the dollar appreciate in value.
If so, why?
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Popularity: unranked [?]
3 Responses
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There are 4 factors that move currency – Economic Data, Poltitcal Data, natural Disaters and Acts for war.
With regards to the Economic data, there are 2 sides to look at. The techincal data and fundamental data. There are many factors here that influence the rise and fall of the dollar, such as interest rates, oil prices, commodity prices, stock market performance, jobless data, manufacturing output etc etc etc.
Posted on January 4th, 2010 at 22:32
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The US Bank Citigroup, recently at the center of a government bailout that saw the US government take a 40% stake in the company, announced on Tuesday that it had actually posted a profit in the first two months of 2009. This news lifted the stock more than 35% and caused a US Dollar sell off in the Forex. The dollar is still considered a safe-haven and analysts took Tuesdays fall of the dollar as a sign of profit taking after the dollar has been on a charge the past three weeks. It is expected that the dollars fall will be short lived and as economic reporting around the globe continues to show a slowing, the Dollar will regain its appeal.
At 6:15GMT, the US Dollar was off 1/4 to the Euro at 1.2638, down .1% to the Yen to 98.81, down .3% to the Pound to 1.382, and down over 1% to the Canadian Dollar to 1.2881 and over 1 1/2% to the Australian Dollar to .6405. The dollar also fell to the New Zealand Dollar over 1 1/4% to .4988 and rose against the Swiss Franc to 1.164 in daily FX charts.
Posted on January 6th, 2010 at 09:37
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economic, poltitcs,disaters and war!
these 4 things “rules forex”!
and i think you can understand why…!
Posted on January 6th, 2010 at 19:25
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