http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-11-06.htmlThe US dollar traded lower vs. most major currencies as an increase in equities and positive economic data increased investor risk-appetite for higher-yielding currencies. Yesterday, the Federal Reserve kept interest rates at a record low range of zero to 0.25%. The Fed also repeated its intention to keep interest rates “exceptionally low” for “an extended period” as long as inflation expectations are stable and unemployment fails to decline. Nonfarm productivity increased 9.5% in the thirdFri, 06 Nov 2009 05:42:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-11-06.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-11-05.htmlThe US dollar remained under pressure this morning after the release of the ISM Non-manufacturing index which came in at 50.6 just below expectations and ahead of this morning’s policy decision from the Federal Reserve which is due out at 11:15am PST. Analysts are looking for a potential change to the Fed’s language which previously indicated that rates would remain low for "an extended period." Look for the dollar to remain under pressure and potentially sell off if there is no change to theThu, 05 Nov 2009 05:41:54 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-11-05.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-11-02.htmlThe US dollar strengthened vs. most major currencies as a fall in commodities and global equities increased risk aversion. Business activity unexpectedly expanded in October as the Chicago Purchasing Manager index climbed to a 13-month high of 54.2. The University of Michigan Confidence index was in line with expectations with a reading of 70.6 in October. The price index for personal consumption expenditures fell 0.5% in September. Investors will look ahead to November 4th to get an interestMon, 02 Nov 2009 05:32:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-11-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-30.htmlThe US dollar fell vs. most major currencies as a government report showed that the US economy grew 3.5% in the third quarter, beating forecasts of 3.2%, which increased investor risk appetite. Initial jobless claim was slightly higher than expectations with 530,000 claims, though continuing claims declined by 148,000 to 5,797,000 which was lower than forecast. The euro rose against the dollar after a number of positive reports helped spur demand for the currency. The Eurozone Business ClimateFri, 30 Oct 2009 05:33:36 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-29.htmlThe US dollar strengthened against a basket of currencies as investors trimmed risk positions in higher-yielding currencies as stocks fell on weaker than expected US data. A report showed US new home sales for September fell, showing sales of newly-built homes declined unexpectedly last month, falling 3.6 percent to 402,000 annual pace. Data also showed core US durables goods orders -- excluding transport equipment -- were better than expected in September. The report showed orders for USThu, 29 Oct 2009 05:34:39 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-29.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-28.htmlThe US dollar strengthened to two-week highs against the euro and most major currencies after data showed US consumer confidence worsened in October. The Conference Board's US consumer confidence index fell to 47.7. Economists were expecting a reading of 53.1. Investors once again sought shelter in the greenback as a safe-haven and should continue to stay wary ahead of third-quarter US gross domestic product (GDP) data due on Thursday. Analysts expect the US economy to expand 3.3 percent inWed, 28 Oct 2009 05:56:25 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-28.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-26.htmlThe US dollar rose against sterling and yen after a survey showed sales of existing US homes last month at a two-year high, providing evidence the housing market is on the mend. Purchases jumped 9.4 percent to a 5.57 million annual rate, more than forecast and following a 5.09 rate in August. The greenback rallied against sterling mostly on disappointing UK data showing the UK economy is still mired in recession. The US dollar had been sliding across the board all week on expectations that USMon, 26 Oct 2009 05:47:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-26.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-23.htmlThe US dollar rose against a basket of currencies, rebounding somewhat from 14-month low against the euro, as disappointing corporate earnings from eBay Inc on Wednesday and today’s below-forecast results from Ericsson dented demand for higher yielding currencies and assets. Disappointing corporate earnings, along with an increase in US initial jobless claims to 531,000, cooled some of the recent optimism about a global recovery. The index of US leading economic indicators also rose inFri, 23 Oct 2009 05:41:04 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-23.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-22.htmlThe US dollar hit a one-month low against sterling and euro and steadied against a basket of currencies as expectations that US interest rates will remain very low weighed on the greenback. Central banks beyond the United States seem to be considering winding down programs that have flooded their economies with money now that global growth has improved, putting pressure on the Federal Reserve to follow suit. Sentiment towards the greenback is still downbeat on the prospect of US interest ratesThu, 22 Oct 2009 05:32:43 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-22.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-21.htmlThe US dollar hit a 14-month low against a basket of currencies as policymakers in Europe and Asia remarked on the dollar slide, but options-related buying kept it from pushing through $1.50 per euro and 90 yen. Strength in global stocks, sparked by Apple Inc's forecast-beating third quarter earnings, also fueled investors’ appetite to sell the greenback for higher-yielding currencies and assets more closely correlated with economic recovery. In other news, data showing an unexpected 0.6Wed, 21 Oct 2009 05:31:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-21.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-19.htmlThe US dollar strengthened against a basket of currencies after disappointing Bank of America earnings changed risk tolerance and sparked safe-haven buying against currencies that had touched multi-month highs against the greenback. The dollar's broad recovery, though modest, was enough to take it further away from the psychologically key $1.50 level against the euro and further above the 90.00 yen mark. Bank of America Corp posted a quarterly loss of $1 billion on consumer credit woes,Mon, 19 Oct 2009 05:30:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-19.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-16.v02.htmlThe US dollar rose against the euro and Japanese yen after US data boosted expectations the economy is recovering, raising optimism that US interest rates will rise sooner rather than later. The US Labor Department reported that initial claims for jobless benefits fell to 514,000 in the latest week. Markets were expecting claims of 525,000. The euro fell against the US dollar on comments from European Central Bank President Jean-Claude Trichet, repeating that the euro was not created to be aFri, 16 Oct 2009 07:37:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-16.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-09.htmlThe US dollar fell broadly as rising equity markets sparked demand for riskier assets at the expense of the safe-haven US currency. The dollar index approached its weakest level in 14 months after data showed US first-time claims for jobless benefits fell to the lowest level since January, fueling gains for stocks. The number of Americans filing first-time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as theFri, 09 Oct 2009 06:16:37 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-09.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-08.htmlThe US dollar rebounded vs. most major currencies as the optimism stoked by Australia’s interest rate-hike yesterday dissipated. Overnight the dollar came under heavy pressure as Australia’s rate hike bolstered expectations the global economy was recovering, fueling a rally in stocks worldwide. The euro lost steam as the Eurozone’s economy shrank more than expected in the second quarter. The European Union Statistics office reported gross domestic product fell by 0.2% in Q2, and 4.8% in annualThu, 08 Oct 2009 06:03:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-08.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-07.htmlThe US dollar fell across the board after a surprise 25 basis point interest rate hike in Australia and rising equity prices reinforced expectations the global economy is recovering, diminishing demand for the greenback as a safe-haven. In other news, also adding pressure to the US dollar, was a British newspaper report that Gulf Arab states were in secret talks to abandon the US currency in oil trade. However, big oil-producing countries denied the report. The greenback has also recently beenWed, 07 Oct 2009 06:02:53 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-07.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-05.htmlThe US dollar gained against the euro after bigger-than-expected US job losses in September revived demand for the greenback as a safe haven. The Labor Department reported the unemployment rate rose to 9.8 percent, the highest rate since June 1983, as US job losses last month totaled 263,000. Markets were expecting payroll declines of 180,000. The news pushed the dollar to a three-month high versus the euro before erasing its gain as the weak jobs data raised concerns that the US economy wasMon, 05 Oct 2009 06:06:08 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-05.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-02.htmlThe US dollar rose against the euro, boosted by comments from EU officials regarding the single currency’s strength which will be discussed at the Group of Seven meeting. Fading risk appetite amid a mixed batch of US economic data has also prompted investors to seek the perceived safety of the greenback. In other news, data released today showed US initial jobless claims rose in the latest week, a reminder that the labor sector is far from stable. The greenback also gained after a key USFri, 02 Oct 2009 06:05:56 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-01.htmlThe US dollar fell vs. most major currencies with the release of mixed domestic data. An IMF report showed that the dollar’s share of global currency reserves fell in the second quarter to 62.8%, from 65% the first quarter. The IMF cut its projection for global writedowns on loans and investments by 15% to $3.4 trillion. ADP employment showed that companies cut payrolls by 254,000 jobs in September, worse than forecasts of 200,000. The Chicago purchasing manager’s index came in at 46.1 inThu, 01 Oct 2009 06:31:58 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-10-01.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-30.htmlThe US dollar clawed its way back from an 8-month low against the yen, but remains mixed against most major currencies. Data from the S&P/Case-Shiller showed composite index of house prices in 20 metropolitan areas rose 1.6% in July from June. This data brought relief to concerned investors about the impact of a weak housing market on the economy. Data from the Conference Board reported consumer confidence fell to 53.1 in September fueled by worries over personal finances as the US facesWed, 30 Sep 2009 05:37:32 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-28.htmlThe US dollar remains mixed against most major currencies except the Japanese yen. Data from the University of Michigan Surveys of Consumers said sentiment rose to 73.5 in September from 65.7 in August. Data from the Commerce Department reported durable goods orders tumbled 2.4% in August, the largest decline since January. Durable goods orders provide a measure of overall business health and manufacturing activity. The Commerce Department also reported sales of newly built single-family homesMon, 28 Sep 2009 06:27:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-28.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-25.htmlThe US dollar lingered near a one-year low against a basket of currencies as many investors awaited the Federal Reserve announcement on whether to keep interest rates at a record low. The Fed may take note of an improving economy and start curtailing some of the programs, such as the pledge to buy up to $1.45 trillion of mortgage-related securities that pumped trillions of dollars into the troubled banking system. Watch the dollar to remain under pressure ahead of tomorrow’s Group of 20Fri, 25 Sep 2009 05:55:57 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-25.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-23.htmlThe US dollar sagged against most major currencies ahead of the 2-day Federal Reserve meeting and Group of 20 summit this week. Many investors are expecting the Fed to keep its ultra-loose monetary policy well into 2010, and at the G20 summit many are expecting leaders to discuss rebalancing the global economy, a process which will almost certainly require a weaker dollar. At the G20 summit, Washington may urge G20 leaders to launch a new push where debtor nations like the US will find newWed, 23 Sep 2009 09:51:52 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-23.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-21.htmlWaning risk appetite helped boost the US dollar against most major currencies. Without much economic news due out today, many investors will likely take their cue from flows in equity and commodity markets. Global equity came under pressure today as investors took stock of recent hefty gains and oil prices slipped below $72 a barrel, helping to reprieve the downtrodden dollar. Unemployment rose in 27 states in August, with California and Nevada reaching record levels of joblessness at 12.2%Mon, 21 Sep 2009 06:01:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-21.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-18.v02.htmlThe US dollar fell broadly overnight against most major currencies but was able to recoup some of those losses as the New York session began. Data from the Labor Department reported jobless claims declined 12,000 to 545,000 last week, while those still on the benefit rose to 6.23. The Commerce Department reported better than expected data as housing starts and permits rose 1.5% in August to their highest level since November, mainly due to a rebound in multifamily homes. The Philadelphia FedFri, 18 Sep 2009 05:58:36 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-18.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-17.htmlThe US dollar fell against a basket of currencies as world stocks hit an 11-month high and disappointing data releases. Data from the US Treasury showed net overall capital outflows increased to $97.5 billion in July from a revised $56.8 billion the previous month. The Consumer Price Index rose 0.4% in August mainly due to higher gasoline costs, while industrial output increased for a second consecutive month. Data from the Mortgage Bankers Association indicated demand for home loans fell lastThu, 17 Sep 2009 05:39:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-17.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-16.htmlThe dollar climbed as better-than-expected retail data pointed to a US led economic recovery. Sales at US Retailers rose 2.7% in August, bolstered by the government-sponsored “Cash for Clunkers” program. The increase was the largest jump in retail sales in over three-and-half years and easily surpassed analysts’ estimates. US PPI also topped analysts’ forecasts for August, coming in up 1.7%. The positive economic data helped to raise speculation that the US economy was on the path to recovery,Wed, 16 Sep 2009 05:48:39 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-16.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-11.htmlThe US dollar remains under pressure against most major currencies, although it has erased some losses after hitting session lows overnight. Data from the Commerce Department showed the US trade gap expanded 16.3% in July to $32.0 billion, the biggest month-to-month increase since February 1999. Imports leapt a record 4.7% on renewed appetite for foreign items. The Labor Department also released data showing US workers filing new claims for jobless benefits fell last week to 550,000.Fri, 11 Sep 2009 06:44:22 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-11.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-07.htmlAfter US unemployment figures and rate were released, the US dollar see-sawed vs. most major currencies. The Labor Department indicated employers cut 216,000 jobs in August, the smallest since August 2008, but the unemployment rate rose to a 26-year high of 9.7%. Many analysts had expected non-farm payrolls to drop by 225,000 in August and unemployment rate to rise to 9.5%. In other news, the Group of 20 has promised to keep economic support packages in places until recovery is certain andMon, 07 Sep 2009 06:11:42 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-07.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-03.htmlThe US dollar strengthened against a basket of currencies, but weakened against the Japanese yen after modest US private job-losses. Data from ADP Employer Services showed employers cut 298,000 private sector jobs in August, shy of the 250,000 job losses analysts had forecasted, but better than the 360,000 jobs lost in July. Data from outplacement consultancy Challenger, Gray & Christmas, Inc indicated layoffs at US firms fell 21% in August, which stoked hopes for improved consumerThu, 03 Sep 2009 05:48:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-03.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-02.htmlThe US dollar edged higher against most major currencies overnight, but erased some of those gains this morning. Overnight, stocks pulled back even after stronger than expected Eurozone data and stabilization in China’s stock market. As sentiment for risk aversion is brought back to the forefront, many will keep an eye on the US Institute for Supply Management’s manufacturing gauge which rose to 52.9 in August, up from 48.9 in July. Analysts had forecasted the gauge to show a reading of 50.5Wed, 02 Sep 2009 05:27:41 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-09-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-31.htmlThe US dollar weakened after the U.S. consumer confidence fell in August to its lowest level in four months. The dollar is on the defensive this morning, falling lower against currencies viewed as high risk such as sterling and the Australian dollar, partly boosted by robust gains in world stocks and rosy economic fundamentals for these pro-risk units said to be sensitive to higher growth. The Japanese yen gained as falling U.S. confidence increased demand for currency safety. Gains will beMon, 31 Aug 2009 06:42:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-31.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-28.htmlThe US dollar rose after the U.S. economy contracted by one percent in the second quarter showing signs of stabilization, easing the market’s overall risk aversion. Meanwhile, jobless claims totaled 570,000, more than expected. The market is relying on the labor market to bring the economy back and job creation remains slow. US stocks fell, hurt by energy producers as crude oil tumbled for a third day. The Japanese yen gained as falling U.S. stocks increased demand for currency safety. TheFri, 28 Aug 2009 06:27:57 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-28.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-27.v02.htmlThe US dollar rose vs. most major currencies as news from Asia cast doubt on the global economic recovery. In Asia, Japanese exports fell and the Chinese news agency Xinhua News reported that China is studying curbs on industrial overcapacity. Separately, positive economic news and a rise in US equities also helped the dollar as the correlation between risk and the dollar has weakened. Durable goods orders jumped in July rising more than 4.9%, which beat forecasts of 3.0%. New home sales roseThu, 27 Aug 2009 06:04:55 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-27.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-26.htmlThe US dollar was mixed vs. most major currencies despite positive US data. Consumer confidence for August came in better than expected with a reading of 54.1, beating forecasts of 47.9. The S&P/Case-Shiller home price index in June also showed positive signs of recovery climbing 1.4%. The Richmond Fed Manufacturing index was 14 in August, less than forecasts of 16. The euro is modestly higher against the dollar as a rise in European equities increased risk appetite. Germany, Europe’sWed, 26 Aug 2009 05:36:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-26.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-24.htmlThe US dollar tumbled on optimism the global economy will recover soon, reducing the greenback as a safe haven. The Dow, Nasdaq and S&P 500 all reached new 2009 highs after existing home sales rose 7.2 percent in July, the fourth straight month indicating that homes are selling fast. Meanwhile, Federal Reserve Chairman Ben Bernanke said there is a good chance the overall economy could grow soon, but warned that unemployment in the United States would remain at high levels. Thus, recoveryMon, 24 Aug 2009 06:39:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-24.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-21.htmlThe US dollar is trading mixed. A gain in Philadelphia manufacturing reduced demand for safety while U.S. jobless claims continue to disappoint, igniting concern about the pace of a U.S. economic recovery. The number of people filing for first time unemployment benefits rose 15,000 last week to 576,000. The markets fear that rising unemployment would dent consumer spending and America needs consumers to spend to help prop up the ailing economy. No other major data released today. Thus, tradersFri, 21 Aug 2009 05:23:42 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-21.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-20.htmlThe US dollar gained against most currencies except for the Japanese yen as investors fled to safe-haven assets after a sharp 4.3 percent fall in Chinese stocks and other overseas markets rattled investors. Any recovery is expected to be moderate in the United States as recent reports showed manufacturing and housing were starting to stabilize, but consumer spending remains weak and unemployment continues to rise. The euro softened on concerns that a big slowdown in China would weigh on aThu, 20 Aug 2009 06:01:11 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-20.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-19.htmlThe US dollar tumbled against a basket of currencies after weak U.S. housing and inflation data spurred concerns about the pace of a U.S. recovery. U.S. housing starts slid 1 percent in July, the first drop in three months after a 6.5 percent rise the previous month. Meanwhile, producer prices fell 0.9 percent last month after surging 1.8 percent in June. This follows last week’s flat consumer prices, which suggested that the threat of inflation remains far away. Thus, interest rates willWed, 19 Aug 2009 05:32:45 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-19.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-17.htmlThe US dollar softened after U.S. consumer prices came out flat in July after gaining 0.7 percent in June, suggesting that the threat of inflation remains far away. Thus, interest rates will remain on hold. Meanwhile, U.S. industrial production rose more than expected in July, supporting hopes the recession is finally drawing to a close. However, U.S. consumer confidence fell in early August as more Americans worried about their finances. Yesterday, sluggish retail sales data reminded theMon, 17 Aug 2009 05:38:36 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-17.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-14.htmlThe US dollar tumbled against a basket of currencies after U.S. retail sales unexpectedly fell in July, spurring concerns that Americans remain reluctant to spend. The U.S. job market is still struggling, with the latest jobless claims rising slightly last week. The data came a day after the Federal Reserve indicated that the U.S. economy was showing signs of leveling out, which boosted risk sentiment. However, today’s disappointing economic data brought back risk aversion. Yesterday, theFri, 14 Aug 2009 05:37:55 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2009-08-14.html