{"id":12897,"date":"2010-09-10T09:24:59","date_gmt":"2010-09-10T13:24:59","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12897"},"modified":"2010-09-10T09:24:59","modified_gmt":"2010-09-10T13:24:59","slug":"dollar-tumbles-against-the-majors","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/10\/dollar-tumbles-against-the-majors\/","title":{"rendered":"Dollar Tumbles against the Majors"},"content":{"rendered":"<p>The U.S. dollar fell against most of the major currencies during  today&#8217;s morning session. The dollar erased most of yesterday&#8217;s profits  vs. the euro, and the EUR\/USD pair is now trading around the 1.2730  level. The dollar dropped about 100 pips against the British pound as  well.<\/p>\n<p>The dollar slipped today as recent economic data releases have  managed to, at least temporarily ease concerns from a slowing global  growth. In addition, analysts have recently released their forecast  regarding the German investor confidence, claiming that it rose to its  highest since January 2008 in August.<\/p>\n<p>The positive data and expectations are boosting demand for riskier  assets, such as the euro and the pound. The rise in stocks and equity  markets also contributes to the dollar&#8217;s weakness, and it seems that as  long as global economic data will indicate a global recovery, the dollar  might drop further.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                              may not be         suitable     for     all            investors.       There    is   a                           possibility           that             you      could            sustain a    loss       of  all     of       your                         investment and                  therefore  you                should     not          invest          money    that     you                  cannot        afford to             lose.  You               should     be         aware     of        all       the       risks                 associated      with          Foreign           Exchange               trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar fell against most of the major currencies during today&#8217;s morning session. The dollar erased most of yesterday&#8217;s profits vs. the euro, and the EUR\/USD pair is now trading around the 1.2730 level. The dollar dropped about 100 pips against the British pound as well. The dollar slipped today as recent economic data &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/10\/dollar-tumbles-against-the-majors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dollar Tumbles against the Majors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12897","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12897"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}