U.S. stocks ended a quiet session lower Tuesday as investors found little reason to push the market up given the strength of the recent rally.
Dean Popplewell is OANDA's chief currency strategist. This commentary first appeared in OANDA's MarketPulse FX blog.
U.S. stocks were poised for a flat open Tuesday as investors continued to look for positive economic news.
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The U.S. dollar lost ground against all of its main trading partners Tuesday, amid growing fears that America's credit rating could be downgraded for the first time ever.
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U.S. stocks were headed for a lower start Tuesday, following declines in global markets on lingering economic worries. Investors were also anticipating a weak report on the housing market.
Following last week's run up, the dollar eased back as worries about a global economic slowdown faded.
Stocks were headed lower Friday as nervous investors digested a worse-than-expected government jobs report.
Oil prices are on an upswing this week, hovering at 3-month highs after surging past the $80-a-barrel mark on Monday.
Oil rebounded Wednesday from the one-month low hit during the previous session, soaring nearly 3% and breaking a six-session losing streak, as the dollar turned weaker and stocks gained.
Investors sought the safety of the dollar Wednesday as worries about European banks and the U.S. economy dragged global markets lower.
The dollar slumped against major currencies Tuesday as a rally in global markets lifted the euro, limiting demand for the safety of the U.S. currency.
The dollar turned lower against major rivals Friday as investors digested the government's June employment report that showed a loss in jobs.
The dollar slipped versus the euro Wednesday after the European Central Bank said demand for loans was weaker than expected, signaling a brighter outlook for the European banking system.
Investors flocked to the dollar Tuesday as global markets tumbled and fears about the health of European banks compounded lingering economic woes.
The dollar rose against the euro and yen but fell against the pound after world leaders pledged to significantly reduce deficits over the next two years.
The dollar rose against the euro Friday ahead of the G-20 policy meeting and after a disappointing report on growth reinforced worries about the economic recovery.
The dollar was mixed against other currencies Thursday amid concerns about the outlook for the U.S. economy.
The dollar was little changed against the euro early Friday, but the shared currency was still on track to post its second consecutive weekly gain and is at a three-week high.
The euro pared gains against the dollar Thursday, as debt concerns sparked in the previous session abated after Spain held a strong bond auction.
The dollar was little changed against foreign currencies Wednesday as investors take a breather after mixed economic reports and the stock market's rally the day before.
Oil prices jumped Monday, riding on the back of stronger stocks and foreign exchange.
The dollar turned higher Friday after data showed U.S. retail sales were surprisingly weak in May, sparking risk aversion.
The euro soared almost 1% against the dollar Thursday after the European Central Bank said it would maintain its liquidity measures, easing some fears of debt crisis in the zone.
U.S. stocks were set to bounce higher at Thursday's open, rebounding from a downturn triggered by the energy sector.
The euro regained ground against the dollar for the second straight day, after touching new four-year lows earlier in the week.
The dollar was mixed against other currencies in thin and volatile trade Friday ahead of the U.S. holiday weekend.
The euro leaped 1.5% against the dollar Thursday as global stocks rallied, following a recent trend in which the shared currency tends to recoup some losses toward the end of the week.
Oil prices inched up slightly in choppy trading Monday, as traders looked to the volatile stock market for cues.
The dollar continued to gain ground against its European counterpart Monday, as the Continent's debt problems remain a concern in markets worldwide.
The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so.
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The dollar regained ground against the euro Wednesday in a thin trading day as investors remained skittish about European debt concerns.
The dollar weakened Thursday as investors regained some appetite for risk amid easing concerns about Greece and strong corporate results.
The dollar fell against the euro Friday after Greece's prime minister requested aid from the European Union and the International Monetary Fund, easing investors' fears of a default.
The dollar was mixed Wednesday as investors soaked up strong financial results from key U.S. corporations.
The dollar was mixed Tuesday as investors welcomed strong quarterly results from Goldman Sachs but remained wary about fiscal challenges facing Greece.
The dollar rose against the euro and the pound Friday after the Securities and Exchange Commission charged Goldman Sachs for defrauding investors and amid ongoing concerns about Greek debt.
The dollar extended losses Wednesday as investors responded to reports on retail sales and inflation, and comments from the Federal Reserve.
The dollar fell versus the euro Monday after the European Union announced additional steps to aid Greece, but the decline was tempered ahead of corporate financial results.
The dollar softened Friday as investors regained some tolerance for risk despite ongoing concerns that Greece's debt problems could spread.
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U.S. stocks were poised to fall at Wednesday's start, as investors remained cautious amid the recent stock run and awaited financial results from General Motors.
The dollar was mostly down against major currencies on Thursday as investors absorbed jobs and manufacturing data.
The dollar dipped against major currencies on Wednesday after a disappointing report on private-sector payrolls.
The dollar was mixed in a narrow range Tuesday as investors remained cautious ahead of the government's monthly jobs report later this week.
The dollar slipped versus the yen and the pound but rose against the euro Wednesday after the Bank of Japan and the Federal Reserve each left interest rates unchanged near zero.
The dollar declined against major currencies Tuesday after the Federal Reserve said it will leave interest rates unchanged.
The dollar gained against the euro and the pound, but fell versus the yen on Monday as equities ended mixed and investors continued to worry about finding a concrete solution for Greece's mounting debt.
The dollar slipped against the euro and the pound Thursday but rose against the yen as investors digested mixed U.S. economic news.
The dollar recovered losses versus the euro and rose against the pound, but fell versus the yen in quiet trading Tuesday.
The dollar advanced against major rivals Thursday as investors looked to the buck for its safe haven appeal ahead of the February jobs data due Friday.
The dollar slipped against other major currencies Wednesday after Greece announced measures to reduce its deficit by four percentage points this year.
The dollar surged against other major currencies Monday as European leaders continued to urge Greece to lower its deficit.
The dollar gained against the euro and pound but sank against the yen, on renewed worries after a report showed U.S. consumer confidence fell sharply in February after three straight months of improvement.
Oil fell below $79 a barrel Tuesday, retreating from a five-day rally on a stronger dollar.
The dollar recovered from earlier losses Thursday after the Federal Reserve hiked its discount rate, raising bets the central bank could move to tighten monetary policy soon.
Crude oil advanced Wednesday, extending the previous session's 4% gain, as investors continued their bid for riskier assets.
U.S. stocks were set to rise Tuesday, as investors returned from a holiday weekend to see two Dow components post earnings results.
U.S. stocks were set to open higher Tuesday, as investors eyed buying opportunities after the previous session's selloff, although worries about debt problems in Greece remained in focus.
The dollar rose against its main trading partners Friday amid ongoing concerns about sovereign debt problems in Europe and a mixed report on the U.S. job market.
The dollar firmed against major rivals Wednesday on stronger U.S. economic data and renewed credit concerns in the euro zone.
The dollar rose against most currencies Monday after upbeat reports, including data on U.S. manufacturing, added to recovery hopes.
The dollar rose against its main trading partners Friday as investors welcomed a stronger-than-expected reading on U.S. economic growth.
The dollar was mixed Thursday as traders mulled President Obama's pledge to create jobs and ongoing concerns about global economic growth.
Oil prices settled 2% lower Friday amid ongoing concerns about weak energy demand and a third day of selloff in U.S. stock markets.
U.S. stocks were set for a flat open Thursday, as investors continued to worry about China and reacted to results from Wall Street giant Goldman Sachs.
The dollar rose against the euro Tuesday amid ongoing concerns about Greece and other troubled European economies.
The dollar fell against the U.K. pound Monday but held steady against other currencies in a quiet trading session.
The dollar rose against high-yielding currencies Friday as investors digested weaker-than-expected economic reports and looked for safer investments.
Oil slipped to $78 a barrel on Friday on warmer weather and as stocks retreated.
The dollar was mixed against major currencies late Wednesday on speculation that the Bank of England will raise interest rates and after the Federal Reserve said economic activity is weak but improving.
Oil prices gave back earlier gains Monday after a forecast for warmer temperatures undermined demand for heating fuels.
Oil continued to rally to its highest level in 14 months Wednesday as colder temperatures and a weaker dollar boosted demand despite a weekly inventory report that showed a surprise rise in crude supplies.
The dollar was mixed against rivals Wednesday after a report showed job losses easing and the service sector growing in December.
The dollar fell against the euro and the yen on Monday after a report showed that manufacturing jumped in December, increasing the appeal of higher risk investments.
Oil prices rallied for a seventh straight session and neared $80 a barrel, as the market eyed the biggest annual gain in a decade.
Stocks are slated to slide at Wednesday's open, after the momentum of a six-session streak of gains came to an end.
The dollar edged up against major currencies after a report Tuesday showed consumer confidence rose in December.
Stocks could extend a six-session, year-end winning streak Tuesday if early indications of a higher open carry through to the close.
The dollar rose against major currencies on Tuesday after an unexpected surge in existing home sales.
Oil prices rose above $74 a barrel on Tuesday after the government released its final revision of third-quarter GDP and OPEC left oil output targets unchanged.
The dollar ended Friday flat against the euro after rallying to a three-month high on Thursday.
Stocks were poised to fall at the opening bell, led by weakness in overseas markets and worries about the economy, with declines worsening after a worse-than-expected jobless claims report.
Stocks were poised to extend the previous session rally Friday, as investors were encouraged by a healthy reading from the retail sector and strong performances in overseas markets.
Gold prices fell for the third day in a row on Tuesday as the U.S. dollar continued to strengthen.
Investors are bracing for a strong open when U.S. stocks open for trading Friday following the government's much better-than-expected monthly jobs report.
U.S. stocks were set to open modestly higher Monday as fears eased over the Dubai debt shakeup and despite early reports of tepid holiday sales figures for the Thanksgiving weekend.
Treasurys jumped Friday as investors flocked to the perceived safety of U.S. debt amid concerns about Dubai World's credit problems.
U.S. stocks were poised to open narrowly mixed Tuesday, losing what little gains they had after a downward revision of the gross domestic product report.
U.S. stocks look ready to take a breather on Tuesday, after surging in the prior session, as investors showed little reaction to an lower-than-expected inflation report.
The dollar rose Thursday as ongoing concerns about the global economy boosted demand for the U.S. currency as a safe haven.