Daily Outlooks

The massive earthquake and tsunami that rocked Japan on Friday are still being digested by the markets and the extent of the economic ramifications are as yet unknown.

EUR/USD analysis: The Euro jumped to a fresh four-month high above 1.40 during Friday’s session after European Central Bank President Trichet said the central bank may need to raise rates as early as next month.

The U.S. Dollar turned in a mixed performance on Thursday, dropping sharply against the Euro after the ECB left rates unchanged at 1.0% and ECB President Jean Claude Trichet made hawkish comments after the rate release.

USD news reported that the U.S. Dollar traded mostly lower on Wednesday, dropping sharply against the Euro and Sterling.

The U.S. Dollar was up against all of the major currencies on Tuesday, with the exception of Sterling, which gained fractionally, according to the daily forex news.

The U.S. Dollar continued its decline against all of the other major foreign currencies on Thursday, with the exception of Sterling, according to the daily forex news.

The U.S. Dollar lost considerable ground against all of the other major foreign currencies Wednesday, according to the daily forex news.

The U.S. Dollar lost considerable ground against all of the other major currencies on Thursday according to the daily forex news.

The U.S. Dollar turned in a mixed performance against the other major currencies on Wednesday, according to the daily forex news.

The U.S. Dollar continued trading mostly higher against other major currencies Tuesday, according to the daily forex news.

The U.S. Dollar turned in a mixed performance against the other major currencies on Monday according to the daily forex news.

The U.S. Dollar gained some ground against most of the other major currencies on Thursday according to the daily forex news.

The U.S. Dollar turned in a mixed performance on Wednesday, as reported in the daily forex news. The Greenback rose against the Australian, Canadian and New Zealand Dollars, while falling against the Euro and Sterling and ending the session unchanged against the Japanese Yen.