Dollar Gains Upper Hand Against Euro

As skepticism continues about how effective Greece’s actions will be in dealing with its debt problems, the dollar rallied to gain an upper hand over the Euro after a long gap of 2 years. Not only that, it has recorded the highest gain per quarter as compared to the Euro in this period.

Euro countries are still threshing out the final plan which will help pull Greece back on its feet but no positive conclusion is imminent yet. Given the uncertainty in the situation, the general confidence in dollar is growing by leaps and bounds. Traditionally, the dollar has always grown stronger in face of uncertain Euro performance and vice versa. [Read more…]

Geithner Says US Can’t Force China Move on Currency

Timothy Geithner, the US Treasury Secretary, has said that the government cannot force China to change its currency policies. He was responding to the recent criticism that the government was not doing enough to stop China from maintaining its currency at a depressed level. [Read more…]

How to Predict Currency Movements

Ever since the US left the gold standard behind in 1973, the dollar value has fluctuated in line with market forces, economic conditions and the performance of currencies belonging to other countries. For traders who deal in foreign exchange, the expertise in determining the right time to buy or sell dollars is critical to their success. A number of factors influence the currency value of any country and here are some of them. [Read more…]

Bernanke Supports Current Decentralized Federal Reserve System of Monitoring Financial Institutions

Federal Reserve Chairman Ben S. Bernanke has supported the current decentralized structure of the central bank with 12 regional banks. He said that a central agency monitoring the activity of the larger financial institutions in the country alone is not sufficient. A decentralized network of oversight and monitoring is important to lend support to the smaller banks spread across the country. [Read more…]