The dollar was set to complete a monthly gain against all of its 16 major counterparts amid speculation the Federal Reserve will reduce monetary stimulus.
The greenback rose versus the yen ahead of U.S. data on first-quarter growth today. The Japanese currency climbed earlier against the euro after weekly government data showed Japanese investors cut their holdings of foreign debt by the most in more than a month. A gauge of implied volatility for Group-of-Seven currencies climbed to a three-month high.
“The dollar will be resilient,” said Daisaku Ueno, a senior foreign-exchange and fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities Co. in Tokyo. “The U.S. appears to be the closest to an exit strategy among major economies,” he said, referring to monetary stimulus.
Get OANDA’s exclusive weekly Market Pulse FX
HTMLText
| Email Address: | Preferred Format: |
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
View the original article: http://forexblog.oanda.com/20130530/fed-speculation-leads-to-solid-month-for-u-s-dollar/
A quick look on #UCO website will produce a ton of fresh #MLM ideas to help you get more money. Go to http://www.uconnective.com
To Signup you must have a #UCO coin, you can #BUY it with only $3 from ClickAlert or Send e-mail at clickalert@ymail.com or Call/SMS to +1 (202) 599-1808 and start earning $51 per day!
No comments:
Post a Comment