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  • USD tumbles as Euro breaks key level of 1.30. Markets jittery about fx reserve diversification. CURRENCY TRADING SUMMARY  U.S. Dollar Trading (USD ) fell considerably against the majors in the Friday night forex session as the Euro finally broke through 1.30 for the first time since April 2005 triggering heavy USD selling. There are concerns creeping into the markets that central banks worldwide are thinking of diversifying out of their US dollar denominated assets and buying into other

    U.S. Dollar Trading was slightly stronger against the majors

  • The Greenback rallies against the majors.  Forex traders eye key technical levels in Euro and Yen. Oil trades up. CURRENCY TRADING SUMMARY U.S. Dollar Trading (USD ) was slightly stronger against the majors in the Friday night foreign exchange trading session as retail sales came in less than expected but the Michigan preliminary surprised on the upside. US retail sales fell 0.5% in September, however, taking out gasoline and autos, retails sales actually rose by 0.8%. The University of

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  • Foreign Exchange Market, FOREX, is an international exchange market where currencies from all around the world are traded. FOREX trades are always done in pairs, for example, USD/Euro, USD/JPY, Euro/JPY, GBP/CHF, and CAD/USD. United States dollars, Australian Dollars, Japanese Yens, British Pounds, Swiss Francs, Canadian Dollars, and the Euro Dollars are the seven major currencies traded nowadays.

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