Dollar Weakens As Equities Rise On Geithner’s Comments

The dollar reversed direction on Tuesday, halting at least three days of upward momentum as U.S. equities rallied after Treasury Secretary Timothy Geithner said the “vast majority” of U.S.

Geithner Comments Calm Concerns Regarding Financials And Stabilize Dollar Strength

Risk aversion swept the G10 driving the dollar higher across the board.

Yen Crosses Rally As Equities In US Recover, BOC Surprises Markets With Rate Cut

We start with a look at the Aussie-Yen pair, which found a low yesterday at 68.15, following a 370 pip slide in yesterday’s session. Yesterday’s fall was led by a sell-off in equities which increased risk aversion. Today, yen crosses saw a reversal in their fortunes, paring some of the…

Dollar Falls On Improved Sentiment

The dollar fell versus most other key currencies on Tuesday as risk appetite increased after Treasury Secretary Timothy Geithner said the ‘vast majority’ of US banks are well capitalized. The yen fell as the Dow rose 128 points to 7,970

Australia CPI

The Australian consumer price index came in at 0.1 percent for the March quarter 2009, which is below what economists had forecasted, but higher than the 0.3% drop in the December quarter 2008. The CPI rose 2.5% through the year to March quarter 2009, compared to an annual rise of…

Geithner Helps Banks Stocks Rally

U.S. Dollar Trading (USD) gave up some of the strength gained on Monday when the Treasury Secretary Geithner testified that the vast majority of US banks have more capital than required and that the credit markets are improving.

Dollar Strengthens On Very Light Volumes

Overall, the Asian session saw the majors losing a few pips compared to the greenback. However, the moves came on very light volume and are likely to be retested somewhere later