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News » US Dollar Consolidation keeps on going
US Dollar Consolidation keeps on going
Aug 06 2009, 09:35
The US dollar kept on merging on Wednesday, as the DXY index remained to a narrow range of 77.45-77.82, whilst the Japanese yen gained as edgy risk appetite pressured on US equities down. Data indicated that circumstances in US non-manufacturing division - which consists of about 70 % of total economic movement in the country and contains retail, services, and finance - worsened in July as the Institute for Supply Management index unpredictably dropped to 46.4 from 47.0 as the business movement, new orders, new export orders, and employment components all declined at a quicker pace. This was the 10th consecutive month that ISM kept positioning under 50, indicating a broad reduction in activity, and varies quite a bit from result from Monday.

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Interview
with Matthew Sheppard
Senior Forex
Advisor at XForex


1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?
In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

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• Invest smartly and calculate your risks
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