The Dollar rallied broadly, while the EUR fell to 10-month lows on Wednesday, as a ratings firm downgraded Portugal, adding to worries over debt sustainability and growth in some of euro zone's smaller countries. That supported some safe-haven flows into the U.S. dollar.

Summary

USD - Dollar's Rally Continues

EUR - EUR Falls to a 10-Month Low Versus the Dollar

JPY - Yen Drops on All Fronts

Crude Oil - Oil Drops as Inventories Rise

Forex | daily market trend | analysis | news | fundamental | technical | eur | USD | fall | European | fiscal | concern | Portugal | ratings firm | debt | euro zone | smaller countries

The U.S. dollar traded lower Wednesday as investors moved to higher-yielding currencies and riskier assets after U.S. data was better than expected. ISM service data showed the U.S. services sector grew in February at its fastest pace in more than 2 years, reducing the appeal of the greenback as a relatively safe investment.

Summary

USD - Dollar Pulls Back on Greek Cuts

EUR - The EUR at 2 Week High as Greece Debt Concern Ease

JPY - Yen Advances to 2 Month High vs. Dollar

OIL - Oil Trades above $80 on Economic Hopes

Forex | daily market trend | analysis | news | fundamental | technical | positive | ism | data | dollar | fall | us | service | sector | grow | safe investment

The Dollar experienced mix trading yesterday, climbing against the Yen but falling against the EUR with traders anticipating both Japanese and U.S. interest rate decisions and a bloc of economic data. The economic releases to come may be a positive for the USD.

Summary

USD - Existing Home Sales Fall Sharply

EUR - Risk Aversion is back

JPY - Market Anticipates Japanese Interest Rate Decision

Crude Oil - Spot Crude Oil Prices Rise with U.S. Stocks

Forex | daily market trend | analysis | news | fundamental | technical | dollar | positive | us | interest rate | Japanese interest rate | risk aversion | home sales | fall