Lower Energy Prices Give Much Needed Strength To U.S. Dollar

This week was much quieter as far as the volume of news as opposed to last week.  The Aussies, in fact, get to take this week off, while major news didn’t come for the USD until the Friday, and even though the numbers weren’t great it turns out to be some pretty decent news for the dollar. Several nations only had a few minor reports, but while there might have been far less reports coming out this week, that doesn’t mean the news wasn’t important or strong in affecting the world Foreign Exchange Markets.

Weekly Update:

Swiss trade surplus even bigger than expected…

The first major report to come out this week was the Swiss releasing their July trade balance report.  The land of chocolate, clocks, and quality banking continues to do well.  The predicted trade surplus for Switzerland was 1.6 billion CHF, but turned out to be much higher at 2.41 billion CHF.  This was excellent news for the Swiss currency, and while many nations are struggling, the Swiss seem to be riding through with the least turbulence to this point: but it is a long flight yet.

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