{"id":23514,"date":"2011-04-29T12:00:27","date_gmt":"2011-04-29T16:00:27","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14123"},"modified":"2011-04-29T12:00:27","modified_gmt":"2011-04-29T16:00:27","slug":"us-dollar-stabilizes-as-britain-celebrates-royal-wedding","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/29\/us-dollar-stabilizes-as-britain-celebrates-royal-wedding\/","title":{"rendered":"US Dollar Stabilizes as Britain Celebrates Royal Wedding"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The price of the US dollar versus a number of its primary currency rivals appears to have leveled off on Friday. The recent plummet brought about by the Federal Reserve\u2019s latest policy statement may still have momentum, but today\u2019s suppressed market liquidity is helping the greenback consolidate around its current price levels.<\/p>\n<p><span id=\"more-14123\"><\/span>Affecting the market in today\u2019s trading sessions primarily is the Royal Wedding in Great Britain, which has closed all banks in Britain and captivated an international audience. The result has been limited trading among European investors leading to corrective price movements in the forex market.<\/p>\n<p>Also limiting in this morning\u2019s Asian session was a major bank holiday in Japan which kicked off a week of holidays known as Golden Week in the island economy. With Japanese banks largely absent until after May 5, yen movements will likely be driven by the effects wrought by the USD in next week\u2019s trading sessions.<\/p>\n<p>The stability of the US dollar in today\u2019s trading, however, is more likely associated with thin trading than with market fundamentals, many analysts have said. The start of next week should see the return of relatively normal liquidity which in turn will likely push back down on the greenback as the week progresses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The price of the US dollar versus a number of its primary currency rivals appears to have leveled off on Friday. The recent plummet brought about by the Federal Reserve\u2019s latest policy statement may still have momentum, but today\u2019s suppressed mark&#8230;<\/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-23514","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23514","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=23514"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23514\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}