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The dollar index ($DXY:$DXYNews , chart , profile , more Last. Over the longer term, 2009 could prove volatile as markets assess the contrasting approaches taken by central banks in response to the financial online forex trading brokers crisis, online forex trading reviews Gallo said. Trade balance with the rest of the world plunged by 29% to $40.4 billion in November on a record decline in oil prices and much weaker demand for imports, the Commerce Department reported. Skepticism ensnares euro Financial markets await the European Central Bank's meeting on euro-zone interest rates. Federal Reserve's "extremely proactive approach that has jam-packed the global financial system full of dollar liquidity." Earlier Federal Reserve Chairman Ben Bernanke spoke in London on ways to tackle the crisis and shore up economies. Bernanke said there will online forex trading brokers be no lasting recovery without further government action and funds to strengthen the financial system, and repeated the U.S. The British pound was under pressure against both the dollar and the euro, with foreign-exchange traders playing off the British Retail Consortium's monthly survey that sho that U.K. The yen also gained slightly against the dollar, with the U.S. Exports is another sign of slowing global growth in the face of weakening global foreign exchange currencies against the US dollar," foreign exchange said Ashraf Laidi, chief market strategist at CMC Markets, in a note to clients Cristen. "The 6% decline in U.S. The dollar index ($DXY:$DXYNews , chart , profile , more Last. Central bank could buy longer-term Treasurys to keep loan rates low. Delayed quote dataAdd to portfolio Analyst Create alert Insider Discuss Financials Sponsored by:, , ) , which measures the U.S. forex traders Federal Reserve's "extremely forex trading broker proactive approach that has jam-packed the global financial system full of dollar liquidity." Earlier Federal Reserve Chairman Ben Bernanke spoke in London on ways to tackle the crisis and shore up economies. "Euro sentiment deteriorated further on the break of $1.3240, which points to a retest of the October low of $1.2331," the Brown Brothers Harriman analysts said. See Economic Report on U.S. Talbot Gallo, head of market analysis mini forex trading at Schneider Foreign Exchange, cited the U.S. The single currency also fell to 117.49 yen, down from 119.09 yen. Over the longer term, 2009 could prove volatile as markets assess the contrasting approaches taken by central banks in response to the financial crisis, Gallo said. "Euro sentiment deteriorated further on the break of $1.3240, which points to a retest of the October low of $1.2331," the Brown Brothers Harriman analysts said. Trade balance with the rest of the world plunged by 29% to $40.4 billion in November on a record decline in oil prices and much weaker demand for imports, the Commerce Department reported. The single currency also fell to 117.49 yen, down from 119.09 yen. foreign exchange Exports is another sign of slowing global growth in the face of weakening global currencies against the US dollar," said Ashraf Laidi, chief market strategist at CMC Markets, in a note to clients Angelika. See Economic Report on U.S. Currency markets were skeptical of the euro "at the start of 2009, and the credit headlines on European governments only reinforces this euro-skeptic market attitude," wrote strategists at KBC Bank in Brussels. E-mail forex micro account Disable Live Quotes Subscribe to RSS More Currencies stories 5:05 AM today Dollar loses ground ahead of U.S. Dollar extends gains as U.S. Retail sales data 4:19 PM 1/12/09 Euro skids as traders mull ECB rate cut; S&P Spain news weighs 6:19 PM 1/9/09 Dollar up after grim U.S. Central bank could buy longer-term Treasurys to keep loan rates low. Against this backdrop, the euro slipped to $1.3187 from $1.3373 in late North American trading Monday. Jobs report not as bad as some expected More Tabitha Twaronite Top stories 7:34 AM today U.S. Bernanke said there will be no lasting recovery without further government action and funds to strengthen the financial system, and repeated the U.S. Most economists expect the central bank to order up a reduction of half a percentage point, or 50 basis points. Trade gap shrinks SAN Ransell -- The dollar extended gains against most of its major counterparts after data sho the U.S. The yen also gained slightly against the dollar, with the U.S. Unit buying 89.11 yen, compared to 89.06 yen late Monday. "The 6% decline in U.S. Currency against a basket of six major counterparts, stood at 84.212, up from 83.536 earlier and 83.105 in late North American trade on Monday. Delayed quote dataAdd to portfolio Analyst Create alert Insider Discuss Financials Sponsored by:, , ) , which measures the U.S. The ECB's key lending rate now stands at 2.5%. Emile Gallo, head of market analysis at Schneider Foreign Exchange, cited the U.S. Currency against a basket of six major counterparts, stood at 84.212, up from 83.536 earlier and 83.105 in late North American trade on Monday. Retailers endured the worst December in at least 14 years. Stock futures slip before retail sales data 10:07 PM 1/13/09 Citi takes first step in what could be major reorganization 7:00 AM today Refinance applications highest in MBA's survey More News The dollar "was stronger across the board versus the majors, with the exception of the yen, which outperformed yet again," wrote currency analysts at Brown Brothers Harriman in New York. Most economists expect the central bank to order up a reduction of half a percentage point, or 50 basis points. The dollar "was stronger across the board versus the majors, with the exception of the yen, which outperformed yet again," wrote currency analysts at Brown Brothers Harriman in New York. The British pound was under pressure against both the dollar and the euro, with foreign-exchange traders playing off the British Retail Consortium's monthly survey that sho that U.K. Retailers endured the worst December in at least 14 years. The ECB's key lending rate now stands at 2.5%. Unit buying 89.11 yen, compared to 89.06 yen late Monday. Looking out over the longer term, "we continue to have serious doubts on the chances of a protracted dollar rebound," but short-term momentum is increasingly negative for the euro against the dollar, they said. Currency markets were skeptical of the euro "at the start of 2009, and the credit headlines on European governments only reinforces this euro-skeptic market attitude," wrote strategists at KBC Bank in Brussels. Skepticism ensnares euro Financial markets await the European Central Bank's meeting on euro-zone interest rates. Trade deficit narro in November. Against this backdrop, the euro slipped to $1.3187 from $1.3373 in late North American trading Monday. Looking out over the longer term, "we continue to have serious doubts on the chances of a protracted dollar rebound," but short-term momentum is increasingly negative for the euro against the dollar, they said.
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