This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Currencies: Wait-and-See Game Continues for Forex Traders

It's been another uneventful morning in the currency markets as traders await the U.S. Supreme Court decision on the presidential election.

With little motion in the dollar against any of the other major global currencies, this morning's trading has "waiting for Christmas written all over it," said senior European economist Malcolm Barr of Chase Manhattan in London. Barr said that any motion today in the euro upwards on the dollar was solely momentum from yesterday, and that the trading was really only within yesterday's range.

Reuters noted this morning that the small upward rise in the euro may be a result of M&A- and options-related buying of the single currency. The euro was most recently trading at $0.8781, up slightly from yesterday's close of $0.8758.

Recent movement in the dollar/yen has also been minimal, with "nothing really in the news behind it," said Barr. The dollar has crossed over the 111 threshold already this morning, and remains up on the yen, recently at 111.61 from yesterday's close of 110.84. The euro/yen cross was also gaining this morning, being pulled up by the euro/dollar movement. The euro/yen was trading at 97.97, up from 96.99 yesterday.

Other major currencies are a mixed bag again today against the dollar. The Australian dollar is up slightly on the U.S. currency, recently trading for $0.5423, up from a close yesterday of $0.5404. The Canadian dollar is following suit this morning, gaining a bit of ground against the U.S. dollar. The U.S. currency was recently trading at C$1.5264, down just barely from yesterday's close of C$1.5267.

The British pound is slightly lower versus the dollar in current trading after news that British inflation was below government targets for the 20th consecutive month in November. The pound was recently at $1.4470, down from yesterday's close of $1.4456.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $126.37 2.53%
FB $83.20 -0.13%
GOOG $552.03 0.67%
TSLA $190.57 3.01%
YHOO $44.95 -0.33%


DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs