Table of Contents
Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

U.S. Dollar Holds Steady versus Major Currencies

By: Barbara
In early trading in Tokyo today, the U.S. Dollar defended its position, remaining near its recent 4-month low versus major currencies, following a boost in the U.S. stock markets. The U.S. Dollar Index lost .1% versus a group of six currencies, trading at 82.361 .DXY, close to the Index’s 4-month low of 81.871 set this past Wednesday. According to one analyst, investors are optimistic that global economies will be seeing better days ahead, but not so confident that they can push other currencies higher versus the U.S. Dollar.

The U.S. Dollar gained .1% on the Japanese Yen, trading at 95.84 Yen. The Australian Dollar remained steady at $0.7595 versus the Greenback, and at 72.75 Yen versus the Japanese Yen; both showed little movement from yesterday’s late trading in the United States. As reported at 2:59 p.m. (JST) in Tokyo, the Euro was trading at $1.3630, a .1% loss on the day; earlier this week it had touched briefly at $1.3722, a 7-week high. Later this morning in London, data for the Euro Zone’s GDP is to be released; forecasts are expected to show that Euro Zone economies contracted 2% in the first quarter of this year, a decline of 1.6% from the last quarter of 2008.

Most Visited Forex Broker Reviews