The week opened with a rate of 0.6182 against the British pound. There was little improvement during the day by the dollar still managed to eke things up a bit to 0.6187 by the close of play. The opening rate against the troubled Euro was 0.7614 and by the time the day was done the dollar had well and truly capitalised on the European single currency, rising to 0.7672 in the process. The dollar also went up against another European currency last week, the Swiss franc, opening the week on 0.9148 and rising to 0.9216 by the time Monday was over.
After yesterday’s subtle performance against the pound, the dollar went in much the same direction today, adding on another tiny amount to reach 0.6191. Another small improvement was seen against the Euro today as the dollar climbed to 0.7677. Yet another improvement was available for the dollar too as far as the Swiss franc was concerned, but it was a modest one, closing the day on 0.9223.
This was clearly the week of small improvements as far as the US dollar was concerned. Even though today produced another one it took the currency over a symbolic rate, hitting 0.6215 in the process. The good news continued against the Euro as the dollar inched over the next barrier, rising to 0.7722 as it did so. But could the dollar keep on doing well against the Swiss franc? Indeed it could, and by the day’s end it was up to 0.9274.
It felt as if the dollar had worked for its gains against the pound so far. But today it lost almost all of them as it slid back to 0.6186. If we thought we’d get a better result against the Euro we were sadly mistaken as the dollar lost a little ground here too, falling to 0.7715 as it did so. This was clearly the story of the day because the dollar also fell against the Swiss franc, albeit not by too much. It limited its losses here to 0.9268, just a tiny amount lower than yesterday.
The dollar didn’t quite save the best for last against the pound sterling, but it did recoup some of yesterday’s losses to bounce back to 0.6205. There was another renewed attempt to conquer the Euro too, as the dollar closed out the week on 0.7725. Obviously the idea was to make sure the US dollar could grab back some of the ground it had lost yesterday. It managed to make this happen against the Swiss franc too, and the final rate for the week in that territory turned out to be 0.9279. So not a bad week all in all as far as the US dollar was concerned.
]]>How would the US dollar perform against the British pound this week? It started on a rate of 0.6162 but by the end of day one there was little change. The small difference there was saw the dollar slip to 0.6152. There was better news against the Euro as the dollar went up from 0.7559 to 0.7567, although again this was a small change. But how would the US dollar do when put up against another dollar – this time the Hong Kong dollar? The answer was that from a starting rate of 7.7596 it fell to 7.7588 on day two.
No change for the dollar today, as was typical across all the currencies. Perhaps the first day of May gave us all pause for thought after yesterday’s mix of results. But where would the rest of the week head to?
Back to business today as the US dollar perked up a little and went from 0.6152 to 0.6184. It may only have been a marginal difference but it was enough to give us a little more confidence in what the US dollar could achieve against the British pound. Another small result was in store for the dollar versus the Euro, but it was a good result as we went from 0.7567 up to 0.7615. There was a tiny loss against the Hong Kong dollar today, as the currency fell from 7.7588 to 7.7582.
The ups and downs of the currency markets are always a feature of this report, of course. And today we saw a tiny bit of movement in the downward direction against the pound, as the dollar dropped slightly to 0.6181. But the dollar didn’t dip against the Euro – in fact it went up to 0.7620, adding on 0.0005 as a result. The same occurred against the Hong Kong dollar, where the US currency added on 0.0009 over the course of 24 hours.
If tiny movements up and down were significant this week, it shouldn’t come as a surprise that this is how the last day panned out against the British pound. The dollar closed the week on 0.6182 here, so again only a tiny movement. If we were hoping that the dollar might add on a little more against the Euro we were disappointed though – here it fell back to 0.7614 again. Although this was still better than it had started with, so the news was good overall. But the US dollar did manage to get a better result against the Hong Kong dollar on the last day of the week, as it improved to 7.7615. So while we didn’t see a huge range of impressive results throughout the week, we certainly saw some small steps in the right direction. And that is usually still far better than taking big steps in the wrong direction.
]]>The US dollar began the week on 0.6206 against the British pound. By the end of day one it had managed to creep up slightly to 0.6218. The opening rate against the Euro was 0.7580 but by the end of the day the dollar had improved its standing here too, rising to 0.7615 in the process. The week would turn out to be fairly interesting against the Swiss franc too, as the dollar went from 0.9109 to 0.9152 on day one.
After the gradual improvement made by the dollar against the British pound yesterday, would it be able to build on that or would it slide backwards again? The answer was that the dollar slid back beyond the point it had started at, to 0.6195. After the early promise shown by the dollar against the Euro yesterday, things went in the opposite direction today. The dollar slid back to 0.7598 which represented a small loss overall, but it was still a notable one. After yesterday’s good start against the Swiss franc the dollar dropped some of its gains today, falling from 0.9152 to 0.9133 in the process.
The dollar pushed back against the pound today and this resulted in a better outcome – finishing on 0.6204 as a result. After yesterday’s loss against the Euro we were hoping for better today but unfortunately we didn’t get it. Instead we ended up lower still on 0.7572. And there was another bit of bad news for the US dollar today against the Swiss franc too. It seemed that Monday’s spike would be the only one for the week, as it lost more ground today as well.
This was clearly an up and down week as the dollar fell back again today to 0.6177 against the British pound. Would it go up again tomorrow to close out the week on a good note, or would this be as good as it got? The dollar couldn’t seem to stop the slide against the Euro either, as today it went down to 0.7567. The dollar also fell against the Swiss franc, going below the 0.91 mark to 0.9092 as it did so.
The final figure for the week against the pound was 0.6162, so the dollar had slipped back a little overall. It hadn’t been a good week against the Euro but there seemed little that the US dollar could do to change things. Indeed there was another fall in store today which led the currency to fall further to 0.7559. If we were looking for just one more bad result to close out the week with for the dollar, we didn’t have to look far. This time we lost out on more ground against the Swiss franc, falling to 0.9081 in the process. This clearly hadn’t been the best week for the US dollar, so we can only hope for better next time.
]]>The US dollar had opened the week on 0.6273 against the British pound, a currency it had performed well against in recent times. Indeed it did well on day one of this new week, reaching 0.6316 in the process. It also had a good result against the Euro, rising 0.0073 on the day. The dollar also started the week a little under parity with its Canadian counterpart, resting on 0.9939 as a result. But it soon kicked into action and closed out Monday on 1.0003 – just about as close to parity as you could get. It also did well against the Swiss franc, rising from 0.9139 to 0.9232 in the process.
If we thought the US dollar was on a roll against the British pound, we thought wrong. The pound fought back today and pushed the dollar down to 0.6270 in the process. It also fell against the Euro, erasing the previous day’s good fortune and dropping almost back to where it had started on 0.7614. The same pattern was repeated against the Canadian dollar too where it dropped to 0.9961. It also suffered against the Swiss franc and fell back to 0.9151.
Another loss was on the cards for the dollar today – the pound capitalized on its show of strength yesterday by pushing the dollar down further to 0.6256. But it did marginally better against the Euro as it clawed back a little ground to close out the day on 0.7637. Another drop came against the Canadian dollar, but this time it was a bigger one, leaving the US dollar on 0.9903 as a result. But elsewhere it rose slightly against the Swiss franc, putting on 0.0038 in the process.
Even though the losses so far have been relatively small, they’ve still been stacking up for the US dollar. Today saw it fall a little further to 0.6244. But it also rose a little higher against the Euro, albeit only by 0.0004. Another marginal improvement came against the Canadian dollar too, but by a similarly small amount – 0.0009. Elsewhere there was a tiny loss of 0.0003 against the Swiss franc.
The dollar ended the week with a total 0.0029 loss against the British pound, so it could have been worse considering the power was largely with the pound. The total difference against the Euro was 0.0036, but this was an addition rather than a loss, so this was good news. The US dollar lost out on 0.0027 overall against the Canadian dollar too, so at least the loss was a small one. Indeed small changes here and there seemed to be the story of the week, as the US dollar put on nearly half a cent over the week as a whole against the Swiss franc. Perhaps next week will see some bigger – and more positive – changes overall.
]]>Today was the non-day, triggered by the Easter Monday vacation. So what could the dollar do once it was back in action on the following day? Last week saw a mixed bag of results so could we reasonably expect more of the same this week as well? Shorter weeks are always a little more interesting, so while Monday produced nothing but treading water instead of trading currencies, what would the rest of the week bring?
The US dollar dropped by just a marginal amount today against the British pound, falling from 0.6307 to 0.6305 in the process. There was another drop to come against the Euro too, as the dollar fell from 0.7652 to 0.7625. At least the rot wasn’t too bad against the Hong Kong dollar, because the currency only dropped 0.0001 there. There was a little upward movement against the Canadian dollar anyway, pushing the US dollar up from 0.9980 to 0.9983.
The dollar was clearly not on a good run with the British pound. After yesterday’s minor drop we had a bigger one to contend with today, as the dollar fell further to 0.6290. Was this going to be a bad week against this currency at least? It didn’t look good overall in all honesty, as the dollar fell back to 0.7615 against the Euro too – the second fall in two days here. We also saw a bigger drop against its Hong Kong counterpart though, as it dropped to 7.7646. The US dollar also did well to go over parity against the Canadian dollar, pushing up to 1.0026 as a result today.
Another drop of 0.002 was on record for the dollar versus the pound today, so once again there was little to celebrate. And yet another drop saw the dollar steadily lose ground against the Euro, this time sending it down to 0.7602. There was little difference noticeable against the Hong Kong dollar today, so at least here any marginal loss was hardly recognized. Parity was long since forgotten against the Canadian dollar though, as the currency dropped back to 0.9984 today.
Would Friday April 13 turn out to be unlucky for the US dollar on the currency markets? Not as far as the situation against the British pound was concerned at least, because it actually picked up a little to close out the week on 0.6273. The same story could be said of the dollar against the Euro, which saw it pick up to 0.7605 on the final day of the week. Friday 13th may have turned out reasonably okay against some of the currencies, but this wasn’t the case when it came to the Hong Kong dollar. Here it dropped once again, finishing the week on 7.7613 as a result. And finally the US dollar closed on 0.9939 against the Canadian dollar, making it a little lower than it had originally started on.
]]>The US dollar started this shorter week slightly down against the British pound. It fell from 0.6243 to 0.6239, so only a marginal loss but one to keep an eye on nonetheless. It did better against the Euro though; the European currency seemed to be struggling against a few currencies to begin the week, so perhaps we shouldn’t be surprised that the dollar went from 0.7487 to 0.7508 against the Euro today. It would be the beginning of a seesaw week against the Hong Kong dollar though, as it went from 7.7646 to 7.7655 today.
If we were concerned that the US dollar had dropped a little ground against the British pound to start the week, we needn’t have worried. The dollar picked up a little on Tuesday, climbing to 0.6252 to close out the day. The US dollar also got another good result against the Euro, albeit not to the same degree it had experienced yesterday. Here it went from 0.7508 to 0.7510, but it still counted as a good result. If you remember the reference to the seesaw week above, you won’t be surprised to learn that the US dollar dropped back to 7.7646.
Wednesday looked even better for the US dollar as it broke through another barrier and climbed to 0.6304 against the pound. It also managed to add on just short of a cent against the Euro, heading up from 0.7510 to 0.7609 in the process. The next stage in the up and down affair against the Hong Kong dollar saw the US dollar climb back to a better 7.7657; but would there be another dip tomorrow?
Today was the last day of trading for the currencies owing to the Easter vacation. So the final day of the week as it stood saw the dollar improve a little further against the British pound, ending on 0.6307 as a result. The last day against the Euro before the break also saw another good result as it headed up to 0.7652. The dip we were half expecting against the Hong Kong dollar did indeed happen, but it was marginal as it fell back to 7.7653. This was still better than how the week had started, so it wasn’t too bad at all.
Friday was Good Friday, meaning there was no trading taking place on the currency markets. But by all accounts there was still plenty going on during the rest of the week to make us wonder whether the US dollar was in a good or bad position as the first of two public holidays took place. We have another four day week to contend with next week, so we’ll be back with those results very soon too.
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