Tag: United States

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U.S., Israel, and Iran: Yesterday’s 3pm EUR/USD expiry at 1.14794 took me for a loop.

Leave it to President Trump to cause a market mover in the EUR/USD yesterday when he shared that he was not in the mood to negotiate with Iran. According to FXStreet, a financial media publication, the President’s sentiments helped drive the EUR/USD below 1.1500 indicating a move to safe-haven assets including, ironically, the US dollar. … Continue reading U.S., Israel, and Iran: Yesterday’s 3pm EUR/USD expiry at 1.14794 took me for a loop.

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What is the US dollar?

There has been a lot of chatter over the last year about the dollar losing its dominance as a world reserve currency. I believe that the dollar will not lose that dominance overnight. The bulk of its trading partners are in the Euro Zone and North America. I have no doubt that nations like France and Germany will try to maintain close ties with the United States and any China-Russia currency bloc that may ensue from the attempts of emerging markets to develop their own currency. Continue reading What is the US dollar?