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Rally of Crude Oil Pushes Japanese Yen Back

The Japanese yen reversed its earlier rally during the currency trading session, falling below the opening level against such most-traded currencies like the US dollar and the Great Britain pound. The reason for the drop was the rally of crude oil prices.

Dollar Higher vs. Euro & Yen, Mixed vs. Other Majors

The US dollar continued to rally against the euro and the Japanese yen today due to divergent monetary policies of the nations’ central banks. The greenback demonstrated mixed performance against other most-traded currencies as the rebound of global stocks limited demand for the currency as a safe haven option.

US Dollar Rallies on Divergent Monetary Policies of Major Central Banks

The US dollar gained against a basket of major currencies on Thursday and kept its gains at the start of Friday’s trading. The reason for the rally was divergent monetary policies of major central banks.

Euro Gets Help From Expectations of Limited Stimulus

Euro is getting a little help today in Forex trading on the expectation that further stimulus is likely to be limited. With markets struggling, and safer assets likely to be supported, the need for stimulus is weakening.

Euro Heads Lower as Economic Concerns Weigh

After maintaining some degree of strength this week, the euro is heading lower today. Economic concerns are weighing on the 19-nation currency, and comparisons are again being made with the US economic recovery.

Greenback Gains on Employment Data

US dollar is heading higher today, gaining after the announcement of the latest job figures. With an unexpectedly high gain in jobs, the US economy appears to be on firm footing and many analysts are looking forward to more interest rate hikes.

Dollar Drops vs. Euro & Yen, Retains Gains vs. Other Majors

The US dollar fell against the euro and the Japanese yen today as minutes of the latest Federal Reserve policy meeting were relatively dovish. The greenback retained gains against most other major currencies thanks to the strong private employment report.

US Dollar Index Rises as Risk Aversion Continues

US dollar index is higher today, thanks in large part to continued risk aversion. The latest chain of events in China and the Middle East are making investors and traders skittish, and they are turning to safe haven currencies.

Dollar Moves Lower During Week’s Thin Trade

Trading during the past week was light as traders were preparing for Christmas. This did not prevent the US dollar to move lower, sometimes noticeably, against other most-traded currencies.

Euro Holds Onto Gains Even with Uncertainty in Spain

The euro is holding on to some of its recent gains today, even with uncertainty over what’s happening in Spain. However, the euro’s gains might be short-lived, as the fate of economic reforms in Spain are in doubt, and as the US dollar is expected to gain ground in the coming year.

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