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Dollar Bounces in Volatile Asian Session
In spite of excessive volatility following comments from one of the U.S. Federal Reserve governors who hinted at an end to the Fed’s easing measures later this year, the U.S. Dollar was able to recover and move higher versus the common currency Euro and Japanese Yen once again
Euro Lower as Eurozone Growth Stalls
While the evidence continues to mount of a recovery in the U.S. economy the reverse is true in the Eurozone where new data has given rise to speculation that the European Central Bank may now move to a more aggressive easing policy to halt the slowdown
Greenback Gets More Supportive Data
The U.S. Dollar retreated against the Japanese Yen during the Asian session but kept within striking distance of the recent 4½ year peak; the U.S.
Dollar Poised to Resume Rally
During the Asian trading session the U.S. Dollar Index slipped off a 5-week peak as investors’ profit taking sent the greenback broadly lower ahead of inflation and other key economic data which are likely to be the impetus for a change in the Fed’s monetary policy.
Yen’s Fall Gets G7 Backing
The Japanese Yen slipped back from a recently struck 4½ year low versus the U.S. Dollar though additional deterioration is likely say currency analysts now that the G7 appears to have condoned the Bank of Japan’s monetary policy of aggressive easing as a statement issued by Britain’s George Osborne said only that the Group’s commitment to avoid targeting forex rates has been complied with
After 100.0 Break It’s Full Steam Ahead for USD/JPY
At long last, investors have finally seen the USD/JPY pair break through the elusive 100 level and edge even higher towards 101. Currency analysts believe that the recent signs of improvement for U.S. labor, coupled with the Federal Reserve Bank’s promise to begin curtailing its asset purchase program, has helped to restore investors’ confidence in the U.S. economic recovery.
Improved Risk Sentiment Gives Boost to Euro
The release of unexpectedly improved March factory activity figures from Germany gave a lift to the common currency which stayed close to a 1-week peak against the greenback
Aussie Steadies as Kiwi Falls on RBNZ Action
A day following the Reserve Bank of Australia’s rate cutting announcement which sent the Australian Dollar markedly lower, the Aussie gets a reprieve on unexpectedly improved trade data from China which is its primary export destination.
AUD Falls on Rate Cute, EUR Struggles
As reported at 10:36 a.m. (JST) in Tokyo, the EUR/USD pair had been trading at a session low of $1.3053, well below Monday’s peak of $1.3141; it has since recovered and is holding at $1.3081. The full story is here.
Dollar Continues Boost from NFP
The U.S. Dollar edged up against the Japanese Yen during Monday’s Asian trading session, the USD/JPY pair was able to gain additional traction after the U.S. labor report for April came in last Friday with unexpected improvements in the numbers.
Euro Hit Hard by ECB Decision
The Euro fell hard after the European Central Bank announced yesterday that it would lower its benchmark rate by 0.25% to 0.5%. While some analysts had expected the ECB would hold off on a rate cut this time around, the consensus opinion was that the rate cut was long overdue.
Fed Maintains Status Quo Ahead of ECB
The Federal Reserve’s Federal Open Market Committee announced on Wednesday that it would leave monetary policy unchanged in order to give the U.S. economy time to improve; the statement also cited a too high unemployment rate.
Dollar Bearish as Bets on Easing Rise
The U.S. Dollar Index continued to hold close to a 2-month low as investors gauge that the Federal Reserve’s response to lackluster economic data will either be a recommitment of its existing ultra-loose monetary policy or the promise of even more stimulus.
Dollar Lower on Easing Expectations
The U.S. Dollar Index held close to a 2-week trough earlier as investors anticipate that a decline in U.S. Treasury bond yields and a slowdown in consumer inflation rates could pressure the Federal Open Market Committee to act more aggressively.
Dollar Sell Off Follows Growth Data
Unexpectedly disappointing growth data from the U.S. on Friday led to the greenback’s broad fall during the Asian trading session. According to the report issued by the U.S. Bureau of Economic Analysis, growth during the first quarter of 2013 rose only to 2.5% against expectations of a rise to 3.0% annually.
US Dollar Firms on Jobless Claims Data
The U.S. Dollar was trading near to a 4-year peak versus the Japanese yen following unexpectedly strong jobless claims data eased investors’ concerns over the global economic slowdown.
Gold Prices Rising Slowly
The price of gold is rising again slightly as demand for the metal spiked following the shocking selloffs in recent days. Though gold recently hit its lowest price in over two years, buys are slowly showing signs of life, capitalizing on the low costs and helping gold prices stabilize once again.
Euro Slips as German Data Disappoints
The Euro held steady and close to a 2-week trough against the U.S. Dollar during the Asian trading session after unexpectedly dismal economic news from Germany, the Eurozone’s key economic driver, fueled speculation that the European Central Bank will follow through on their promise to cut interest rates.
China PMI Data Lifts Yen
The Japanese Yen gained broadly during the Asian trading session after a disappointment from China’s manufacturing sector gave investors yet another reason to consider a downturn in global economic health.
After G20, Yen Poised to Hit 100.00
At the beginning of a new trading week, the Japanese Yen once again finds itself under pressure against the U.S. Dollar to hit the 100.00 level which has been eluding the USD/JPY pair for many weeks.
Choppy Trade Eases for Euro and Yen
On the final trading day of the week in Asia both the Euro and the Japanese Yen steadied earlier after experiencing major movements earlier in the week which have played havoc on commodity linked currencies; the Australian Dollar is poised to suffer a large weekly drop as a result having already fallen nearly 2% against the greenback this week.
Yen Seesaws in Choppy Asian Trade
The Japanese Yen edged off session highs during choppy trade in the Asian trading session as risk on sentiment improved. The Japanese currency had initially been given a broad boost when gold prices took another dive but later gave back some of its gain after commodity prices steadied.
Yen Demand Fades as Gold Prices Steady
The Japanese Yen edged lower against the greenback during the Asian trading session following the halt to the steep fall in gold prices which occurred during the early part of the trading week.
Safe Havens Sought as Risk Aversion Rules
The Japanese Yen struck a 2-week peak against the U.S. Dollar as investors sought the safe haven currency in the wake of disappointing economic news from China which resulted in a fall in commodity prices; a pair of deadly explosions at the Boston marathon also put a dent in risk sentiment.
As G20 Looms, Dollar Slips
The U.S. Dollar slipped versus the Japanese Yen during Monday’s Asian trading session after the release of a report which said that the U.S. would ensure that the Japanese government through its central bank did not intentionally allow its currency to depreciate.
Yen Continues to Flirt with 100 Barrier
Despite the unrelenting sell-off of the Japanese Yen, market players are still finding that the 100.00 Yen price level for the USD/JPY pair is elusive.
Fed Minutes Give Greenback a Boost
The U.S. Dollar held close to a multi-year peak versus the Japanese Yen following the release of the most recent minutes of the U.S. Federal Reserve’s Federal Open Market Committee wherein the Fed indicated that there was the likelihood that the current open-ended asset purchases would be scaled back by year’s end.
100.00 Yen Level Still Eluding Traders
The Japanese Yen held close to a multi-year low versus the greenback during Wednesday’s trading session though currency analysts expect that the Yen is likely to breach the 100.00 Yen barrier level in the near term given the new and aggressive direction that the Bank of Japan has promised to take.
Yen’s Broad Fall Seemingly Relentless
The Japanese Yen edged broadly lower as investors found little reasons to hold onto the currency with the knowledge that the Bank of Japan intends to aggressively tackle the country’s deflationary status.
Yen Falls as BOJ Prepares for Easing
With a new and seemingly determined composition of its policy setting board, analysts believe that the Bank of Japan is likely to begin purchasing longer-dated sovereign bonds immediately, which resulted in the currency’s swift and broad fall during the Asian trading session.
BOJ’s Aggressive Stance Surprises
The Japanese Yen fell hard and broadly on Thursday following the Bank of Japan’s announcement of new and aggressive easing measures which took market players by surprise by their extent.
Investors Wary of Policy Decisions
Two of the world’s major central banks are poised to announce their monetary policy decisions later today and investors are wary of the respective currencies’ movement in the moments which will follow the news.
Policy Meeting Outcomes Pressure Yen
The Japanese Yen edged lower against its main rival, the U.S. Dollar as investors await a monetary policy decision from the Bank of Japan which could result in the further weakening of the Japanese currency.
US Stocks Fall on Manufacturing Data
US stocks fell on Monday on fears that decreased manufacturing activity will show an overall slowdown of the nation’s economy in the coming quarter, if not longer.
Cyprus Bailout Terms Worry Euro Traders
As the second quarter of the year began, the pressure on the common currency Euro continues with the EUR/USD pair holding close to a recently struck 4-month low on growing worries that the bailout terms for Cyprus have set a dangerous precedent for the other troubled Eurozone nations which might decide to consider similar terms for future bailouts.
Despite Pressures EUR/USD Holds Steady
In light trading due to the Good Friday holiday, the Euro once again held close to a multi-month low against the greenback as investors consider the potential risks to the Eurozone banking system as a result of the controversial bailout terms for Cyprus and the growing uncertainty stemming from Italy’s political deadlock.
Italian Uncertainty Weights Euro
A new election may be called in Italy, which may impact the markets in more ways than one.
Euro Wallows in Wake of Cypriot Deal
The Euro held close to a 4-month trough against the greenback after investors fears were ratcheted up a notch in the wake of the Cypriot bailout deal. The concern is that future bailout terms for other highly indebted Eurozone nations might include such onerous conditions as those currently seen in Cyprus which includes taxes on bank deposits.
Euro Slides as Cypriot Deal Scrutinized
Investors became worried that the Cypriot bailout plan would set a dangerous precedent for other fiscally troubled Euro-zone nations and sold off their holdings in the Euro which sent the common currency to a 4-month low against its main rival, the U.S. Dollar.
Euro Boosted as Details of Deal Emerge
The Euro surged higher against the U.S. Dollar and Japanese Yen during Monday’s Asian trading session following the news that Cyprus had met the E.U.-imposed deadline and was able to hammer out details for a desperately needed bailout loan which could prevent a financial breakdown.
New BOJ Governor Surprises Markets
Surprising market players, the new governor of the Bank of Japan did not move to hold an emergency meeting of the policy setting committee as had been widely expected, which resulted in the steadying of the Japanese currency during the Asian trading session.
Yen Inches Up Ahead of BOJ Leadership
The Japanese Yen edged higher against its rivals during the Asian trading session but analysts say that gains are sure to be limited until there are clear signs from the new Bank of Japan governor as to how aggressive and loose their monetary policy is likely to be.
Cypriot Worries Continue to Lower Euro
The Euro held close to a 4-month low versus the greenback as investors assess the likelihood that Cyprus may be compelled to leave the Eurozone now that its parliament rejected recently proposed terms of a new bailout package.
Euro Struggles as Concerns Weigh
The Euro continues to hold close to a 3-month low against its main rival, the U.S. Dollar, as investors fail to derive any comfort from further details of the Cyprus bailout plan.
Euro Plunges as Bailout Spooks Traders
The Euro took a nosedive during Monday’s Asian trading session on the news that the bailout plan for Cyprus is to include a tax on bank deposits which was seen by investors as a high-risk precedent which might eventually trigger a run on other Eurozone area banks.
Dollar Rally Pauses, Resumption Expected
The greenback’s recent rally paused during Friday’s trading session in Asia, though analysts expect that the U.S. Dollar’s upward track is likely to resume given the stronger fundamentals and improved outlook in the U.S. economy.
U.S. Dollar Lifts from Strong Sales
The U.S. Dollar Index held close to a 7-month peak versus a weighted basket of its major rivals following the release of unexpectedly improved retail sales data which gave a lift to expectations that U.S. consumers might be able to weather the newly imposed spending cuts and tax increases.
Yen Gets Respite from Profit Takers
The Japanese Yen’s recent sell off slowed during the Asian trading session though analysts don’t believe that the respite will be long lived as expectations for the Yen’s continued depreciation are rampant given an exceptionally dovish Bank of Japan.
Yen Lowers on Easing Expectations
The Japanese Yen struck a new multi-year low against its main rival, the U.S. Dollar, during Tuesday’s Asian trading session on investors’ expectations that the Bank of Japan’s monetary policy is about to become even dovish than initially anticipated.
U.S. Dollar Supported by Labor Data
The U.S. Dollar held close to a 3-year peak against the Japanese Yen as well as most major currencies during Monday’s Asian trading session, propelled their by much better than expected jobs data last Friday which fueled investors optimism that the largest economy in the world is well on the road to recovery.
Euro Bears Disappointed in Draghi
During the Asian trading session, the Euro managed to hold on to earlier gains in the wake of a Euro rally which followed the European Central Bank’s surprising policy decision.
Dollar Gets Lift from Jobs Data
The U.S. Dollar rose broadly, and the U.S. Dollar Index held close to a multi-months peak during the Asian trading session following the release of better than expected private sector jobs data which suggested that the world’s largest economy is finally showing signs of improvement.
Wall Street Rally Lifts Currencies
The Euro and other commodity-linked currencies firmed during Wednesday’s Asian trading session, supported by an improvement in investors’ risk appetite which lifted Wall Street to a record close of 14,253.77 points, a gain of 125.95 points.
Italian Concerns Weigh on Euro
Following concerns that Italy’s economy has shrunk, the euro fell against the yen in Tuesday’s Asian session, falling 0.4 percent to 121.24 yen.
Safe Haven Demand Drives Yen Higher
The Japanese Yen moved broadly higher following a steep drop in China’s key equity markets which prompted forex traders to seek out the safe haven currency.
US Stocks and Consumer Debt Rise
According to a report published by the Federal Reserve on Thursday, US consumer debt rose at the end of 2013 for the first time in four years.
Euro Firms after Italian Bond Auction
The Euro held steady against both the Japanese Yen and the U.S. Dollar during the Asian trading session after smooth sailing and solid demand for the Italian government’s sale of 5-year and 10-year sovereign bonds.
Yen Firms Against Rivals on Concerns
The Japanese Yen held on to earlier gains made against both the U.S. Dollar and the common currency Euro as market players focus on the likely outcome of an Italian sovereign bond sale which should help to pinpoint the Euro’s direction.
Italian Election Outcome Dents Euro
The common currency Euro dipped near to a 7-week low during Tuesday’s Asian trading session following the unexpected outcome of Italy’s Parliamentary elections.
Yen Falls, Names Floated for BOJ Roles
During the Asian trading session, the Japanese Yen fell hard against the U.S. Dollar, hitting a fresh 33-month trough as investors react to rumors that the Japanese government is poised to name two well-known doves to replace the policy makers at the Bank of Japan.
Euro Inches Higher Despite Sour Data
The Euro edged higher to 1.3219 during the Asian trading session recovering from a sharp and broad decline on Thursday as market players view less than sterling economic data as evidence that the Eurozone’s recession continue to press onward, the result that the ECB might consider a rate cut in the months ahead.
Fed Minutes Prop Up Dollar
The U.S. Dollar gained during the Asian trading session after the release of the most recent minutes from the Federal Reserve’s latest policy meeting in January.
Yen Firms on Policy Uncertainty
The Japanese Yen firmed against its major rivals, with the rise attributed to investor uncertainty as to how the Japanese government will move forward with what had been clearly viewed as an aggressively loose monetary policy now that there are signs of dissension among officials, including a delay in the naming of the next Bank of Japan governor.
Euro Loses Steam on Draghi Comments
The Euro continues to edge lower against the U.S. Dollar following comments made yesterday by Mario Draghi, the head of the European Central Bank, who noted that the Euro’s recent rise was a risk to the Euro area’s economic outlook as well as to inflation.
Yen Resumes Fall on G20 Silence
The Japanese Yen weakened broadly during Monday’s trading session in Asia after the expected chastisement by the G20 members of the Japanese government’s outright manipulation of the currency failed to materialize.
G20 Comments Lift Yen
The Japanese Yen gained versus both the U.S. Dollar and the Euro during the Asian session earlier as investors await some clarification from conflicting commentary out of the G20 meeting which is being held in Moscow.
Expectations High for More BOJ Easing
The Japanese Yen edged lower against its two main rivals, the U.S. Dollar and the common currency Euro, as market players await a policy decision from the Bank of Japan which is due in a short while.
G7 Momentary Bump in Yen Trend
The Japanese Yen firmed during the Asian session earlier following a sharp rise inspired by investors who cut their bearish holdings after one G7 official expressed the members’ concerns about the Yen’s recent movements.
Currency Manipulation Supported by US
The Japanese Yen held close to its recently struck low versus the greenback during the Asian session earlier following comments made by an official of the U.S. Treasury Department in support of the Japanese government’s efforts to end its prolonged period of economic stagnation.
Euro, Yen Feeling Political Pressure
During the Asian trading session, the common currency Euro had slipped to a 2-week trough against its main rival the U.S. Dollar, and continues to edge off the 15-month peak struck on February 1st as markets take time to digest the ramifications of last week’s political dissension in Spain and Italy and comments made by the ECB chief, Mario Draghi.
Euro Dips on ECB’s Concerns
One day after the European Central Bank expressed its concerns with the recent rise of the Euro, the common currency held steady close to a 2-week trough against its main rival, the U.S. Dollar.
Central Banks’ Policy Decisions Loom
The Euro slipped against both the greenback and the Japanese Yen during Asian trading hours as investors take a wait and see approach ahead of the European Central Bank’s policy meeting decision which will be announced later today.
BOJ Head Announces Early Retirement
The Japanese Yen fell broadly during the Asian trading session while investors consider the next probable Bank of Japan governor who will be called to act as the government’s puppet in their quest to bring the Japanese economy back to health.
Euro Gives Back Gains, Concern Grows
During the Asian trading session, the Euro gave back some of its previous gains as investors consider the political fallout in two of the Eurozone’s largest economies, specifically Italy and Spain.
Yen Slump Resumes in New Week
A new week began much as the old week did, with the Japanese Yen under unrelenting sell pressure as investors wonder how far the Japanese central bank will have to ease in order to bring under control several years of dogged deflation.
Yen’s Downtrend Continues Relentlessly
The Japanese Yen was broadly lower during Friday’s Asian trading session, posting the largest monthly drop against the Euro in more than a decade as investors ready themselves for the Bank of Japan’s aggressive easing measures.
Asian Countries Move Ahead of US
As the US economy slipped to an annualized rate of 0.1% in the fourth quarter of 2012, the rate of growth in Asia surpassed all expectations.
More Easing Ahead Markets Turn to Euro
Market players moved into higher risk currencies such as the Euro and shunned both the U.S. Dollar and the Japanese Yen following the U.S. Federal Reserve’s announcement yesterday to maintain its $85 billion monthly bond-purchasing scheme.
EUR/USD Still Faces Key Resistance
The Euro steadied close to a 14-month peak against the greenback during the Asian trading session, but resistance which is set at $1.35 has still not been breached and currency experts say that without breaking that key psychological level that gains will be limited.
USD/JPY Rally Set to Resume
During the Asian trading session, the U.S. Dollar slipped from a recently struck multi-year peak after investors booked profits in the wake of the recent Dollar rally, however analysts confirm that in light of the Bank of Japan’s aggressively loose monetary policy that the Dollar’s decline is certain to be short-lived.
Euro Lifted as Confidence Returns
The Euro was lifted close to an 11-month peak versus the U.S. Dollar during the Asian trading session, propped up by growing optimism that a true economic recovery in the Eurozone might finally be under way.
BOJ Sends Yen Broadly Lower
During the Asian trading session the Japanese Yen struck a 2½ year trough against the greenback and a multi-months low against the common currency Euro as investors focus on the government’s policies and plans to restore economic health to Japan.
Yen Trend Reverses Again
Following the release of PMI data from China which was unexpectedly improved the Japanese Yen edged lower while the Australian Dollar moved higher. According to the preliminary HSBC PMI, factory sector growth surged to a level not seen in 2-years last month, providing some encouragement to investors that the global economic outlook may finally be improving.
Markets Disappointed with BOJ Proposal
As they have done so many times in the past, the Bank of Japan’s policy makers disappointed some bearish investors which resulted in the currency’s firming rather falling.
Investors Await BOJ Decision
On the eve of the Bank of Japan’s policy setting decision, the Japanese Yen’s recent selloff came to a screeching halt during the Asian trading session, as investors decide to wait and see if the central bank would follow through on what many analysts believe will be an aggressively loose monetary policy or if they will disappoint yet again.
Yen Pressure Relentless Ahead of BOJ
The Japanese Yen continues to be under heavy and widespread sell pressure as market players await the outcome of this week’s policy setting meeting by the Bank of Japan.
Yen Falls Ahead of Policy Meeting
In the wake of a huge selloff during the Asian trading session, the Japanese Yen held close to a 2 ½ year low versus the U.S. Dollar as market players too their positions ahead of whatever bold steps the Bank of Japan might be coerced into taking at their upcoming monetary policy meeting.
Yen’s Long Term Trend Intact
The U.S. Dollar edged lower for the third consecutive day against the Japanese Yen as one member of the Japanese government reiterated its warning that the Japanese economy could be unduly harmed by the Yen’s continued weakness.
Minister’s Comments Push Yen Higher
The Japanese Yen firmed against its major rivals as traders unwound their sell positions following comments made by Akira Amari, the Japanese Economics Minister, who said that the Yen’s excessive and prolonged weakness was likely to raise the price of imported goods and could hurt some people’s livelihoods.
Euro Broadly Higher on ECB Comments
During the Asian trading session, the U.S. Dollar held close to an 11-month trough versus the common currency Euro following comments made by Ben Bernanke who suggested that the ultra loose monetary policy was likely to be in place for many months to come.
Japanese Yen Continues Downtrend
The Japanese Yen struck a fresh multi-year low against the U.S. Dollar during the Asian trading session following the government’s call on the central bank to establish a new medium term inflationary target.
Dual Mandate Policy Proposal Sinks Yen
The Japanese Yen fell to a multi-year low against the U.S. Dollar during the Asian trading session following new comments made by the Prime Minister who indicated that the Japanese central bank should include the maximization of employment as one of its policy goals along with its mandate to ensure price stability.
Japan Inflation Fear Ups Stocks
Japanese stock prices have risen approximately 20 percent in the past two months as the country’s currency has weakened consistently. The Nikkei 225 gained for a second day, rising 0.7 percent to a 10,652.64 close.
USDJPY Buys Resume after Profit Taking
The U.S. Dollar firmed against the Japanese Yen during the Asian trading session after a fall from a 2½-year peak encouraged traders to buy the greenback on the dip.
Euro Broadly Firmer Ahead of ECB
The Euro steadied versus the Japanese Yen during the Asian trading session regrouping from the earlier struck low following comments made by Japan’s Finance Minister who said that the country would purchase the Eurozone’s bailout fund bonds which were issued by the European Stability Mechanism.
Yen Rallies from a 2 1/2-Year Low
The yen rallied from a 2 1/2 year low against the dollar on Monday. The yen’s relative strength index versus the dollar slid to 15.5 on Jan. 4, the least since December 2001 and below the 30 level that traders view as a signal that an asset’s price has fallen too fast.
Dollar Edges Up as Jobs Data Looms
The U.S. Dollar continued to edge higher against the Japanese Yen during the Asian trading session, striking a 2½-year high at one point, while the Euro also steadied against the Yen as investors await further stimulus measures from Japan’s central bank.
Growth Currencies Reverse Course
During the Asian trading session the Euro moved lower against the U.S. Dollar, coming down off a 2-week peak set yesterday after an improvement in risk on sentiment after markets learned of the U.S. avoidance of the fiscal cliff.
Fiscal Cliff Concerns Fade
The U.S. Dollar edged lower during the Asian trading session as it appears that a last minute agreement between President Obama and the U.S. House of Representatives might at last be on the horizon.
Fiscal Cliff Delay Imminent?
In a deal approved just before 2am EST on New Year’s day, members of Congress have reached a deal with United States President Barack Obama to delay the imminent spending cuts and avoid much of the $600 billion in tax hikes for the next two months.
Yen Ready to Tumble Hard and Fast
According to currency analysts, the Japanese Yen is poised to fall to a level not seen in more than seven years as investors await the Bank of Japan’s move to an extremely aggressive monetary posture in accordance with the demands of the new Japanese government headed by Shinzo Abe.
Yen Weaker on Aggressive Easing Threat
The Japanese Yen’s broad downward fall continued during Friday’s trading session in Asia as the U.S. Dollar edged lower on market players’ speculation that the fiscal cliff problem won’t be resolved in time to avoid billions of dollars worth of spending cuts and tax increases.
Yen’s Fall Continues in Abe’s Wake
The Japanese Yen struck a 2-year trough against the U.S. Dollar during the Asian trading session on expectations that Abe Shinzo’s new government will implement a new and more aggressive stimulus policy, an action which is certain to further depreciate the safe haven Japanese currency.
Obama Shortens Trip for Fiscal Cliff
Although it may seem like nearly everyone in the world is vacationing or enjoying a bit of winter relaxation, such luxury has eluded President Barack Obama, who was forced to shorten his Hawaiian vacation to deal with issues relating to the “fiscal cliff”
US Sales, Consumer Confidence Slump
US consumer confidence fell to a five-month low in December. Meanwhile, in Japan, a new prime minister is set to shake things up. Get the story here.
Safe Haven Appeal Boosts Yen, Dollar
The Japanese Yen continues to fall in the wake of this month’s election of a new government which is intent on ensuring that the Japanese economy recovers more quickly than it has done in the past.
Fiscal Cliff Concerns Quash Risk Trade
Risk aversion was the name of the game as the U.S. Congressional Republicans failed to support their Speaker of the House John Boehner’s plan to resolve the impending fiscal cliff.
BOJ Follows Through on Expectations
The Japanese Yen held onto earlier gains in the moments after the Bank of Japan made good on the widely expected move to increase stimulus, this time by hiking asset purchases an additional ¥10 trillion.
Yen Pressured as Markets Await BOJ
The Japanese Yen was broadly lower during the Asian trading session, striking a 16-month trough versus the common currency Euro and a 7½-month low against the greenback, as investors consider what tomorrow’s conclusion of the Bank of Japan’s policy meeting might hold.
Yen Firms, Euro Dips From Recent High
After taking a swift hard drop on the first business day after the new Japanese government was elected, the Japanese Yen steadied finally on Tuesday.
Japanese Yen Hit Hard after Election
The Japanese Yen plummeted to its lowest level against the greenback in more than 20-months earlier in the Asian session following the expected win of Shinzo Abe’s Liberal Democratic Party (LDP).
Yen Falls as Investors Prepare for BOJ
The Japanese Yen fell to a 9-month low against the U.S. Dollar during the Asian trading session today as investors await the installation of a new Japanese government that is certain to aggressively weaken the Yen in order to growth the Japanese economy, the third largest in the world after the U.S. and China.
USD Down Across the Board on QE4
The U.S. Dollar was clearly on the back foot during the Asian trading session after Ben Bernanke, the chief of the U.S. central bank, confirmed expectations of another round of stimulus that was quickly dubbed QE4, an announcement which broadly weakened the greenback.
EURUSD Rise Expected from Fed Decision
The U.S. Dollar came under broad pressure earlier in the Asian trading session with investors speculating that the greenback will once again be devalued as the U.S. central bank announces another round of stimulus later today.
Euro Up, Italy’s Monti Assuages Worry
The Euro edged higher versus the U.S. Dollar during the Asian trading session as Mario Monti, the Italian Prime Minister, sought to assuage investors’ concerns about Italy’s fiscal outlook.
Euro on Receiving End of Pressure
The common currency Euro was close to striking a 2-week trough versus the U.S. Dollar early during the Asian trading session on the heels of a political crisis which appears to be brewing in Italy.
Euro Pressured as Markets Digest Cuts
Markets were disappointed with the outcome of Thursday’s European Central Bank policy meeting and Mario Draghi’s comments afterward and as a result sent the Euro hurtling toward its sharpest drop in a month against the U.S. Dollar.
Euro Edges Lower Ahead of ECB Meeting
The Euro edged off a 7-week peak against the U.S. Dollar and a multi-month peak against the Japanese Yen during the Asian trading session as investors take a breather to wait and see what the European Central Bank might next do as the conclusion of today’s policy setting meeting.
Canadian Dollar Up on Rate Hike Hint
The Canadian Dollar edged higher against its neighbor the U.S. Dollar during the Asian trading session after the Canadian central bank announced that it would leave interest rates unchanged but reaffirmed its outlook for tighter monetary policy in the coming months.
Dollar Falls on Dismal Data
The U.S. Dollar edged lower against the Japanese yen during the Asian trading session following economic news from the U.S. which showed that manufacturing activity struck a 3-month low last month, a level unseen in several years.
Improved Risk Appetite Helps Euro
The Euro earlier gave back gains that had been eked out last week, following the downgrade of the Eurozone’s bailout fund mechanism by Moody’s credit rating agency.
U.S. Fiscal Cliff Woes Sends Euro Down
The Euro edged off a 1-month peak against the U.S. Dollar during the Asian trading session after comments from one key Republican policymaker in the U.S. put a dent in the fragile optimism that the U.S. fiscal cliff challenge was to be put to rest.
Yen, Euro Higher in Asian Trade
The Japanese Yen edged lower off the 1-week peak struck overnight in Asia while the Euro steadied on U.S. policymakers’ comments which renewed investors hopes that the fiscal cliff might be avoided.
Greek Outlook Worries Euro Trade
The Euro gave up recent gains against the U.S. Dollar during the Asian trading session as investors now take the opportunity to reconsider the effects of Greece’s new target debt plan.
Euro Higher as Greek Deal Pushes Ahead
The Euro touched briefly on a 1-month peak against the U.S. Dollar during the Asian trading session earlier today on news that international lenders have agreed that Greece will be permitted a new debt target.
Confidence in Greece Lifts Euro
Investors are confident that the European Union’s policymakers won’t allow Greece to go default and as a result had pushed the common currency Euro to a 1-month peak against the U.S. Dollar as well as a 7-month high versus the Japanese Yen.
Yen Slump Breaks Ahead of BoJ Easing
The Japanese Yen edged up against the greenback during the Asian trading session today, finally getting some respite after its sharp 2-week drop on expectations of a new Japanese government’s potentially aggressive monetary easing.
Euro Gets a Broad Boost and Yen Fades
In Asia, the Euro struck a multi-months peak against the Japanese Yen on support that the Greek loan deal might soon be unconditionally approved.
Yen Broadly Softer on Easing Concerns
The Japanese Yen slipped to a 7½ month low versus the U.S. Dollar during the Asian trading session today, with a similar fall against the common currency Euro, as investors speculate that an incoming Japanese government will aggressively push for a softer Japanese currency to lift the economy.
Euro Up on Greek Loan Approval
The Euro edged close to a 2-week peak against the greenback during the Asian trading session on Tuesday, as risk appetite got a boost from optimistic investors expecting that the Greek government will receive its next bailout tranche soon.
Fragile Outlook for Japanese Yen
Earlier in the Asian trading session, the Japanese Yen struck a 7-month trough against the U.S. Dollar on investors’ expectations that the central government will cede to wishes by the new Japanese government to even more aggressively loosen their monetary policy in order to provide a lift to the Japanese economy.
Yen Recovers on BoJ Change Speculation
The Japanese Yen recovered during the Asian trading session following a plunge to a 6-month plus low versus the U.S. Dollar on Thursday.
Euro Gets Reprieve from Fed Minutes
The Euro continues to hover close to a 2-month trough against the U.S. Dollar, but at least was able to stop a 5-day long losing streak.
Greek Woes Holds Euro at 2-month Low
The Euro again held just off a 2-month low against the greenback in Asian trading, kept there by growing uncertainty over the situation in Greece and whether or not the Troika will agree to disburse their next bailout loan payment.
Euro Dips as Greece’s Future Debated
Earlier during the Asian trading session, the Euro fell to a 2-month trough against the U.S. Dollar as doubts about the disbursement of Greece’s next bailout loan escalated following the failure of the E.U.
Tranche Payment at Risk Despite Greeks
During the Asian trading session the common currency held just above a 2-month low against the U.S. Dollar following the news that the Greek Parliament had gotten approval for the 2013 budget.
Euro Falls on Souring Outlook
During the Asian trading session, the Euro slumped very close to a 2-month low against the greenback as the outlook for the Eurozone continues to deteriorate.
Yen Bounces on Fiscal Cliff Worries
As reported at 12:05 p.m. (JST) in Tokyo, the EUR/JPY pair was trading at 101.78 Yen, a decline of 0.4% from late trading in New York; earlier it had struck 101.75 Yen, the common currency’s lowest level versus the Yen in nearly a month.
U.S. Dollar Broadly Weaker on Obama Win
With the U.S. election now called in favor of incumbent president Barack Obama, the U.S. Dollar slipped against the safe haven Japanese Yen during the Asian trading session, as speculators anticipate that the Federal Reserve’s current loose monetary policy is likely to hold sway over at least a part of the next four years.
Euro Pressured by Greek’s Decision
The Euro held close to a 2-month trough against the U.S. Dollar during the Asian trading session with investors worried about the outcome of Greece’s Parliamentary vote on new austerity measures which must be approved before the next tranche of their bailout loan is released by the Troika.
U.S. Dollar Index Rises on Labor Data
The U.S. Dollar Index struck a 2-month peak during the Asian session following Friday’s unexpectedly good U.S. labor report which suggested that the economic fundamentals of the United States might be built on sturdier stuff than originally presumed.
NFP Data Sends Dollar Up Against Yen
Positive expectations for Friday’s nonfarm payroll report sent the Dollar higher against the Yen, as investors continued the week’s pullback from safe-haven currencies.
USD Rises Against Yen on Importer Selloff
During the Asian session, the Japanese Yen edged closer to a 4-month low, attributed primarily to an importer-driven selloff and a reconsideration of the recent Bank of Japan’s easing efforts. Get the full story here.
Yen Pushed Higher after BoJ Decision
Following the Bank of Japan’s stimulus announcement yesterday, the Yen slipped off a 1-week high versus the U.S. Dollar, largely attributed to an increase in investors’ risk appetite.
Yen Softer as BoJ Decision Looms Today
The Japanese Yen strayed close to a 4-month trough against the U.S. Dollar as a Bank of Japan monetary decision looms, and there is near certainty among traders that the Bank of Japan will provide more stimulus.
Yen Feeling Pressure from BoJ Decision
The Japanese Yen began the trading week lower, with investors holding the Yen in check until after the Bank of Japan announces its monetary policy decision tomorrow which is widely believed to include additional easing measures to ensure that the 1% inflation target is met.
Yen Trend Intact Despite Small Break
The Japanese Yen got some respite during the Asian trading session though investors remain convinced that the safe haven currency is due for a significant fall with the Bank of Japan’s policy meeting ahead next week.
Dollar Lifted on BoJ’s Expectations
The U.S. Dollar moved higher against the Japanese Yen during the Asian trading session, with speculation still high that the Bank of Japan will intervene in the currency’s appreciation.
Euro Skids as Sentiment Deteriorates
The Euro slipped broadly in the Asian trading session, striking a 1-week trough against the U.S. Dollar as risk appetite waned on worries over the global growth slowdown coupled with a rise in Spanish borrowing costs following the ratings downgrade of Spain’s five regions.
Yen Softer, BoJ Easing Prospects Rise
During the Asian trading session, the Japanese Yen struck multi-month lows against the U.S. Dollar and single currency Euro on investor speculation that the Bank of Japan is prepared to intercede in the Japanese currency’s strong appreciation.
CAD Sinks as BoC Considers Rate Cut
Last Friday, inflation data from Canada showed a mild 1.2% prompting investors to speculate that the Canadian central bank will likely consider an interest rate cut later this week.
Euro Looking to Find Fresh Impetus
There was little change in the Euro which again held close and just below the recently struck 1-month high; analysts say that fresh impetus will be needed to retest the September peak, though it is unlikely to find it today even with the conclusion of the E.U.
Risk Sentiment Supports Euro
The Euro held close to the 1-month peak struck on Wednesday and risk sentiment got a boost from a drop in Spain’s bond yields, better than expected housing data from the U.S. and a possible year-end rebound in the Chinese economy.
Euro Up on Spain Reprieve from Moody’s
The Euro earlier struck a 1-month peak against the U.S. Dollar following Moody’s affirmation of Spain’s credit rating, instead of the downgrade into junk status that had been expected.
Dollar Boosted by Strong US Sales
The U.S. Dollar held near to a 1-week high versus the Yen during the Asian trading session today; see why here.
Euro Feels Pressure from Spain Again
As the week begins the Euro remains under pressure and dipped lower against the USD as market players insist on getting some clarity in the Spain bailout situation.
Euro Edges Higher with IMF Boost
The Euro snapped a 3-day losing streak on Thursday and continues to edge higher during the Asian trading session after the International Monetary Fund supported the efforts of fiscally troubled Eurozone nations which has requested additional time to meet Troika-imposed targets.
Euro Under Multi-Directional Pressure
The Euro continues to downtrend as Spain’s fiscal problems continue to plague investors who are concerned about the country’s bailout prospects. Follow the story on DailyForex.com.
Safe Haven Appeal High after IMF
The Euro slipped to its lowest level in more than 1-week against the U.S. Dollar and Japanese Yen as investors returned to the safe haven assets following the release of the IMF’s global growth forecasts which was unexpectedly lowered again.
Spanish Bailout Pushed to Back Burner
A new statement from E.U. policymakers says that Spain doesn't need a bailout quite yet - see how this news will affect the currency markets.
U.S. Dollar Edges Off 2-week High
The U.S. Dollar slipped against the Japanese Yen during the Asian trading session coming off a 2-week high struck last Friday after the U.S. Labor Department reported an unexpected improvement to 7.8% in the unemployment rate.
Euro Holds after ECB Stands Pat
The Euro slipped lower against the U.S. Dollar but held firm not far from the 2-week high struck after the ECB said that they stood ready to purchase sovereign debt.
Markets Eye Central Banks’ Decision
The Japanese Yen is edging close to a 2-week low against the U.S. Dollar as investors take positions against the possibility that the Bank of Japan’s monetary policy becomes looser at the conclusion of this week’s policy setting meeting.
Euro Holds while Aussie Falls
The Euro held steady in Asian trading as investors attempt to gauge whether or not Spain is prepared to ask for financial assistance.
U.S. Data Gives Euro a Lift
Currencies were boosted slightly after somewhat positive manufacturing data from the U.S. Get the full story here.
Spain’s Bank Tests Results Weigh on Euro
During the Asian trading session the Euro slipped lower against the U.S. Dollar as investors digest the results of the latest Spanish banks’ stress test which did little to minimize concerns of a much-needed financial bailout.
Euro Regroups as Spain Offers Budget
The Euro firmed above the recently struck 2-week low after Spain’s government revealed a 2013 budget that many believe is a move towards stabilizing its finances.
Euro Near 2-Week Low as Spain Delays
See how economic turmoil in Spain and anti-austerity protests are affecting the global markets.
Spain Woes Capping Euro Gains
In Tokyo, the EUR/USD was trading at $1.2899, close to Tuesday’s low and down nearly 2% from the 4-month peak struck last week. Analyst say that support for the EUR/USD pair is seen at around $1.28
Euro Feels Pressure from Spain
The Euro edged higher against the U.S. Dollar in the Asian trading session following Monday’s fall to a 1-week low triggered by growing worries over Spanish debt and the government’s laissez faire attitude toward help.
Euro Pressured by Spain Concerns
In Asian trading, the EUR/USD remains close to the low struck last week with investors concerns over what’s ahead for Spain putting pressure on the Euro, which fell to $1.2931, a decline of 0.3% and close to the $1.29195 low struck on Thursday.
Dollar Bounces on Soft Data
The U.S. Dollar gained a reprieve against the Euro as disappointing PMI data released yesterday showed that business activity in the Eurozone remained weak in spite of efforts by the central bank.
Japanese Yen Resumes Uptrend
The response to the Bank of Japan’s intervention yesterday was short-lived, and following profit-taking traders are already pushing the safe haven currency higher against the U.S. Dollar during the Asian trading session.
Bank of Japan Intervenes in FX Market
As many had expected, the Bank of Japan (BOJ) earlier today intervened in the Yen’s rise following the U.S. central bank’s easing moves last week which pushed the Japanese currency into unwelcome territory.
BoJ Meeting, Is a Yen Intervention Ahead?
As reported at 1:18 p.m. (JST) in Tokyo, the U.S. Dollar was trading at 78.57 Japanese Yen, falling from a high of 78.93 Japanese Yen struck on Monday and well above the 7-month trough of 77.13 Japanese Yen struck last Thursday.
Fed’s Decision Pressures USD Further
The U.S. Dollar Index continues to hold close to a multi-month low and analysts believe the pressure on it will continue to remain, following the Fed’s announcement last week that they would embark on an open-ended round of economic stimulus.
Fed’s Aggressive Moves Send USD Down
After Ben Bernanke and the U.S. Federal Reserve Bank announced a new and much more aggressive effort to stimulate the U.S. economy and job creation, the U.S. Dollar Index once again touched on a 4-month low versus a basket of currencies, striking 79.134 .DXY.
Euro Focus Zeroes in on Fed Decision
The Euro continues to hold near to a recently struck 4-month peak, and after rallying on the news that the German Constitutional Court upheld Germany’s participation in the E.U. bailout fund.
Moody’s Warning Sends Greenback Lower
Following a warning of a possible downgrade from Moody’s credit ratings service, the U.S. Dollar Index fell close to the 4-month low of 79.87 .DXY, trading at 1:15 p.m. (JST) at 79.784 .DXY during the Asian trading session.
Euro Awaits German Court Decision
During the Asian trading session, the Euro held close to a 4-month high versus the U.S. Dollar, the rally subsiding somewhat as traders exercise caution ahead of Germany’s court ruling regarding the bailout fund and the U.S. Fed’s decision on easing.
Euro Bulls Look to Fed for Help
The Euro slipped versus the U.S. Dollar during the Asian trading session earlier, but holds close to a 4-month peak as traders speculate that Friday’s dismal labor report out of the U.S. will finally prompt the Federal Reserve to launch additional stimulus measures.
Dollar, Yen Slip, Euro Rally Persists
The Euro continues to hold close to a 2-month peak versus the greenback on investor euphoria driven by the ECB’s plan to face the Eurozone debt crisis head on.
Euro Rallies on ECB Expectations
The common currency Euro held near to a 2-month high against the U.S. Dollar during the Asian trading session as Wednesday’s rally continues to broadcast investor hopes that the ECB might have a new weapon against the Eurozone debt crisis.
Euro Steady Ahead of ECB Announcement
As the European Central Bank prepares to meet later today, the common currency Euro slipped versus the greenback during the Asian trading session though underlying support should keep the EUR/USD pair within a relatively tight trading band.
Euro Rises Overnight, Remains Stable
Two days before a critical ECB meeting that is expected to reveal how the European Central Bank plans to help its struggling members, the Euro started climbing. The gains remained stable during Tuesday’s Asian session.
Buying Bonds to Save U.S. Economy
The U.S. Markets are closed today for the Labor Day holiday. The Japanese yen rose against the Australian Dollar to 80.12, New Zealand Dollar to 62.60, and the Euro dropped to 1.2575.
US Data and Today’s Fed Announcement
Reports from the US on Thursday indicated that US consumer spending rose significantly in the past two months, hitting the highest point in the last five months.
Asian Stocks Lower as Fed Summit Nears
Asian shares hit a one-month low during Thursday’s Asian session as investors brace themselves for the highly-anticipated remarks of Federal Reserve Chairman Ben Bernanke who will be addressing the Fed Summit in Jackson Hole, Wyoming on Friday.
G-7: More Oil Production Needed
The G-7 countries, long recognized for being the world’s leading industrialized economies, pleaded on Tuesday for a greater oil output from the largest oil-producing countries.
Asian Stocks Fall on Weak Japan Data
The last week of August started off with volatility on Monday as German reports confirmed the country’s weakest business confidence index since 2010.
Euro Remains Low Before German Report
Following its decline at the end of last week, the Euro remained low during Monday’s Asian session, as investors waited anxiously for reports about German business confidence which are due out later today.
Euro Awaits Leaders Meet to Discuss Greece
The euro snapped a four-day advance against the dollar as Greek Prime Minister Antonis Samaras prepared to meet with his German and French counterparts to ask for more time to meet economic targets.
Weak USD After FOMC Meeting
The US Dollar weakened versus all major currencies after minutes of the FOMC Meeting showed that officials are getting ready to add more stimulus if the economy doesn’t show signs of expansion . Today, the Initial Jobless Claims are expected with 365K versus 366K previously and New Home Sales are expected with 363K versus 350K previously.
Top Attention in Europe and US Fed's Meeting
Wall Street exchanges closed the trade last night with a red candle, in light of the investors' expectations of finding hints regarding the FED's protocol about to be published today, signing a decision to stream a third quantitative easing program (QE3).
Asian Stocks Up While US Shares Decline
Asian stocks headed for a 3 month high on Tuesday as investors await this week’s US housing and durable goods reports, both of which are expected to show that the country’s economic status is gradually improving.
Continued Euro Gains Expected
The Euro gained 0.4 percent last week, hitting $1.2334, and there are strong positive signs that the common currency will continue gaining over the next few months.
Markets Surge on Merkel’s Words
Speaking from Canada on Thursday after a brief summer vacation, German Chancellor Angela Merkel reconfirmed her intention to work towards the preservation of the euro no matter what the cost.
USD Up vs. Yen; Housing Data Coming
The US dollar hit a one-month high against the Japanese yen during Thursday’s Asian session, rising to 79.15, as investors anticipate the slowing of the Fed’s economic stimulus plans, a forecast which comes in advance of Thursday’s US building and housing report.
Dismal Data with Continued Hope
According to statistics published on Tuesday, economic activity in the European Union declined at an annualized rate of 0.7 percent in the second quarter of this year, following a similarly brutal first quarter.
Gold Gains as Stocks Fall
The close of Wall Street on Monday saw stocks edging slightly lower, ending a six-day run that had been most welcome in this volatile summer.
Global Growth Questioned, Rally Ends
Reports out of Asia this morning indicated that Japan’s economy grew 0.3 percent in the second quarter of 2012, a number which, although positive, fell quite short of the 0.6 percent that analysts had expected.
China's Economy Continues to Decline
The Euro continues to drop as the Dollar and Yen keep rising against it. Many traders are recommending that the Euro should not be bought any time soon.
Markets Rally in Asian Session
Markets on Wednesday barely managed to hold onto their rally for the fourth day, but the euro fell 0.3 percent to $1.2359, following its one-month high on Monday of $1.2443.
Asian Market Rally Continues
Concerns about the European debt crisis have instigated contagion fears in the minds of investors worldwide, but recent market movements have shown that investors are now hopeful that the tides are changing and that the European Central Bank may soon take action to contain the debt crisis.
Tech Troubles Plague World Markets
Last week Wall Street saw sudden and unexpected volatility as the result of a glitch in the computer of market-maker Knight Capital.
Markets Rebound on Investor Hopes
In Asian trading on Monday the euro gained against the US dollar, rising 0.4 percent to $1.2438, the highest in a month, with investors showing renewed optimism after a non-farm payroll report that was surprisingly positive.
US Stocks Continue Downward Spiral
On the heels of a disappointing announcement from ECB President Mario Draghi on Thursday, US stocks continued their downward spiral as investors faced dashed hopes that the European Central Bank would take swift action to resolve the region’s debt crisis.
Market Dips After Fed Announcement
US consumer spending is down, manufacturing has slowed and a disappointing NFP report is expected this week, but the Federal Reserve and its Chairman, Ben S. Bernanke showed restraint in its announcement on Wednesday, fueling consumer concerns and sending Wall Street steeply downward.
Euro Prepares for Upcoming ECB Meeting
As the world awaits the ECB's announcement on Thursday, many are preparing for the worst and expecting the European Central Bank to disappoint.
US Stock Decline Erodes 2 Day Rally
Last week the US stock market saw its biggest two-day gain of 2012, but Monday’s trading saw a significant decline as investors wait anxiously for announcements expected from central banks later this week.
Asian Stocks Rise as Euro Woes Drag On
Despite predictions from some major financial analysts and news sources that the Euro is headed for a certain demise, Asian stocks have continued to rise, indicating strong consumer hopes to the contrary.
Euro Lifted by Draghi’s Promise
The common currency steadied during the Asian trading session, holding onto gains made on Thursday after Mario Draghi, the head of the ECB, vowed that he would do all within his power to preserve the Euro and prevent a Eurozone breakup.
Euro Gains Seen as Fleeting
The Euro’s mini rally ended during the Asian trading session, with some of Wednesday’s gains given back, as persistent Spanish doubts continue to pressure the common currency.
As the Yen Rises, the Euro Falls
European stocks continue to fall while Spanish bond yields continue to rise on the concern of the European debt crisis that will affect global growth.
Risk Appetite Boosted by China Data
The Euro eked out some gains against the safe haven currencies as risk appetite was whetted in Asia following news that China’s preliminary PMI manufacturing data for July was better than expected.
Spain Worries Trigger Euro Sell-Off
In Asian trading, the Euro slipped close to a multi-year and historic lows versus the Japanese Yen and the Australian Dollar as investors’ fears over a Spanish default escalate.
Euro Broadly Lower as Spain Woes Build
The Euro continues to trend lower as worries over Spain’s finances send investors to the safe haven currencies; as reported at 1:12 p.m. (JST) in Tokyo, the EUR/USD was trading at $1.2269, a drop of 0.1% but holding above the 2-year low struck last week on the EBS trading platform.
Euro Edges Lower on Merkel Pessimism
The Euro held steady against the U.S. Dollar during the Asian trading session but continues to be under pressure following relatively pessimistic comments made by Angela Merkel, the German Chancellor, which rekindled concerns of the debt crisis there.
EUR/USD Seesaws on Bernanke Comments
On Tuesday, Ben Bernanke, the Federal Reserve Chairman, in an address to the U.S. Senate’s Banking Committee, left markets disappointed with his vague comments that gave no clear indication that additional easing for the struggling U.S. economy would be forthcoming.
Currency Traders to Focus on Bernanke
The Euro edged higher against the U.S. Dollar in Asian trading today as a spate of hedge fund buying triggered stop-losses.
Bernanke to Give U.S. Dollar Direction
The Euro steadied against the greenback in Asian trade as short-term focus is directed to Washington, D.C. where Federal Reserve head Ben Bernanke will be testifying before the U.S. Congress tomorrow.
Euro Pressured by Italian Rate Cut
The Euro continued to hold close to a 2-year low against the U.S. Dollar following Italy’s credit rating cut by Moody’s late yesterday.
U.S. Dollar Rises on Fed Minutes
The U.S. Dollar briefly rose against the Japanese Yen in the Asian trading session, following the Bank of Japan’s announcement that it would make no changes to its current monetary policy except for some minor tweaking to its asset purchase program.
Support Erodes for Euro as Doubts Grow
The Euro continued to hold close to a 2-year low versus the U.S. Dollar as investors consider that the German court which is to decide on the legal usage of the Eurozone Stability Mechanism won’t rule in favor of broader implementation.
Euro Lower as E.U. Meeting Disappoints
As analyst had expected and as markets had feared, the E.U. finance ministers meeting yielded no definitive outcome and highlighted only the shortcomings of the most recent summit.
Euro Pressured on E.U. Meeting Doubts
In the Asian session, the Euro had earlier dropped to 2-year trough against the U.S. Dollar, but has since steadied and halted the downtrend.
Euro Down on ECB as US Jobs Data Eyed
Yesterday, the European Central Bank did as analysts expected it would and announced a 25 basis points rate cut of their benchmark lending rate; markets had been hopeful that the central bank would offer more though, and were disappointed as a result.
Euro and Pound Under Easing Pressure
The Euro and the Pound Sterling are both under pressure as investors speculate that the European Central Bank and the Bank of England will take up a more accommodative stance later today.
Euro Softer as ECB, US Labor Looms
The common currency edged lower against the greenback in Asian trading on Wednesday as investors speculate that the European Central Bank will take a more dovish stance at their rate setting meeting tomorrow.
Easing Hopes Grow as Euro Struggles
Both the U.S. Dollar and the Euro slipped in Asian trade as dismal economic data raised investors’ expectations of a more accommodative stance from both the Federal Reserve and the European Central Bank.
Euro Poised to Give Back Gains
The Euro slipped in Asian trading today, giving up some of the gains made on Friday, which wound up being the largest single day rally in nearly eight months and attributed primarily to the euphoria following positive news from the E.U. Summit.
Euro Surge on News of Banking Overseer
The Euro is poised to have its largest 1-day rise in nearly eight months as E.U. leaders are expected to announce later today that they have agreed to create a common supervisory body which will oversee the Eurozone’s banks and permit them to recapitalize directly via the EFSF and not through governmental channels.
Euro Investors Wary as Summit Looms
The common currency remains on hold close to a 3-week trough against the U.S. Dollar but a sell off is capped as investors are cautiously optimistic of a surprise to the upside from the E.U. Summit which starts later today.
Investors Lose Hope with E.U. Summit
The common currency edged higher in Asian trading today after striking a 2-week trough yesterday, but analysts say that gains were capped as hopes that the upcoming E.U. summit could offer any positive outcome were dashed.
Euro Softens as Investors’ Hopes Fade
The Euro was holding close to a 2-week trough against the U.S. Dollar during the Asian trading session as investors’ expectations of a fruitful outcome to the E.U. summit fade.
USD Strengthens on Safe Haven Status
In Asian trading, the U.S. Dollar extended earlier gains as its appeal as a safe haven status increased as investors’ concerns over the Eurozone crisis and a global slowdown weighed heavily on risk appetite.
Risk Assets Off Pace on Data Downgrade
The U.S. Dollar steadied close to a 1-week peak against a weighted basket of major currencies finding support ahead of a downgrade by Moody’s of sixteen major global banking firms, including Citibank, JP Morgan and Deutsche Bank.
USD Resilient Despite Fed Announcement
In Asian trading, the U.S. Dollar stayed above a 1-month trough against a weighted basket of major currencies despite the announcement from the Federal Reserve yesterday that they would extend the Operation Twist program and would consider additional easing if economic conditions warranted.
US Dollar Soft as Focus Shifts to Fed
In Asian trading, the Euro slipped against the U.S. Dollar but managed to hold onto the majority of gains made on Tuesday. Investors’ focus is squarely on Washington, D.C. and the U.S. Federal Reserve where the FOMC will be making an interest rate decision later today.
Spain’s Spiking Yields Send Euro Lower
The Euro’s typical volatility was clearly in evidence as investors put any lingering relief over Sunday’s Greek pro-bailout vote to rest and focused instead on Spain, where a debt auction of 10-year benchmark bonds saw yields rise to 7.3%.
Relief Rally Gives Euro a Lift
Relieved investors helped to give the common currency a boost which briefly struck a 1-month peak against the greenback following the election outcome in Greece which supports the Euro.
Central Banks to Offer EZ Support
The Euro edged higher in Asian trading as investors have pinned their hopes on central banks to contain potential repercussions that could arise from the outcome of Sunday’s Greek election.
Euro Subdued as Italian Auction Looms
Following a short-lived rally, the Euro’s gains have been capped as investors await an Italian sovereign debt auction which will be held later today; there is a growing concern among investors that the third largest economy in the Eurozone may need some external support.
Spanish Debt Sale Sends Euro Lower
The Euro moved lower but remained range-bound during the Asian trading session, as investors hold their positions ahead of the upcoming Italian sovereign debt sale and this weekend’s critical Greek vote, the latter of which will likely shape the Eurozone’s future.
Spain Bailout Continues to Wreak Havoc
The EU may have voted to inject up to 100 billion euros into Spanish banks, but the increase in Spanish and Italian bond yields on Monday indicates that investors still doubt the success of the Spanish bailout plan.
Euro Gets a Lift on Spain Relief
Analysts say that the Euro could see its single largest daily rally today as investors’ relief over Spain’s request for assistance to aid its banking sector grows as markets in Europe and then North America open later today.
Euro Falls on Fed Disappointment
Thursday ended up being a disappointment for investors who were awaiting word from Fed Chairman Ben Bernanke that they intended to provide additional stimulus to shore up an economic recovery that was in danger of losing its momentum.
Euro Lifts as Risk Sentiment Improves
The Euro continued to firm against the U.S. Dollar in Asian trading on Thursday, boosted by growing hopes of a more accommodative bias from some members of the European Central Bank and the U.S. Federal Reserve suggesting that the central banks might provide additional stimulus in the months to come.
Risk-On Pushes Euro Higher
The Euro continued to mark small gains as investors’ risk appetite increased following the earlier report of unexpectedly good Australian growth Nonetheless, Euro-Dollar traders remain wary ahead of tomorrow’s meeting of the European Central Bank’s policy setting committee.
Bears Pause as Euro Recoups Losses
The Euro continued to extend yesterday’s gains and marched to a 1-week high in Asian trading as sellers pared their huge bets ahead of a G7 conference call.
Despite US Jobs Data, Euro Flounders
The problems in the Eurozone are significantly overshadowing even the dismal jobs report out of the U.S. and the Euro is under considerable pressure as a result.
Dismal Chinese Data Sends Aussie Down
The Australian Dollar moved lower against its U.S. counterpart following the release of PMI data from China which provided more evidence that their economy is slowing beyond the government’s intentions.
Euro Derailed by Spanish Concerns
As Spain’s woes grow, the common currency Euro is set to post its largest drop against the U.S. Dollar in eight months. Bond yields on Spanish sovereign debt once again surged upward, striking a 6-month high and widening the differential between Spanish debt and German bunds.
Spanish Woes Keep Pressure on Euro
The Euro struck a new 2-year low in Asian trading as investors’ concerns over rising borrowing costs for Spanish debt, and indeed, the Spanish banking system, are weighing significantly.
Euro Feeling the Heat from Spain
Even as Greek worries take a backstage, investor concerns over Spain’s banking system are keeping the Euro close to a 2-year low versus the U.S. Dollar, as yields at the most recent Spanish debt auction rose to near 6.5% for 10-year benchmark debt, edging closer to the 7.0% threshold which analysts consider unsustainable over the long term.
Mini Euro Rally Likely to Fizzle
A recently conducted poll in Greece is giving rise to new found hope that the country may as yet pull off a miracle and agree on the austerity measures which will allow them to stay in the Eurozone.
Euro Wallows as Investors Despair
The Euro continues to be stuck close to a 2-year low against the U.S. Dollar as investors consider yesterday's German manufacturing data which suggests that not even the Eurozone's economic powerhouse can escape the debt crisis' tendrils.
Pressure High, Euro Retreat Continues
With E.U. leadership offering no more of a solid outcome than a little positive affirmation that Greece should work towards staying in the Eurozone, the pressure on the common currency continues to mount.
Papademos’ Comments Send Euro Lower
During the Asian trading session, the common currency Euro continued its slide edging near to a 21-month trough as worries over a disorderly Greek exit escalate.
Markets Focus on EU Response to Crisis
The Euro refuses to budge too far from the recently struck 4-month low, and is finding it difficult to break through technical resistance.
Uncertainty Prevails to Pressure Euro
The Euro managed to hold onto another day of gains despite the G8’s somewhat tepid assurances to continue to work towards a resolution for the Eurozone sovereign debt crisis.
Euro Declines as Contagion Fears Rise
The Euro continues to decline on rising contagion fears and growing worries that Greece will be compelled to exit the Eurozone.
Euro and Aussie Feel the Pressure
Though the Euro clawed higher, it remains vulnerable as fears of a Greek exit grow on the backs of news that some Greek banks are experiencing a funding crisis.
Greek Mess Sends Euro to 4 Month Low
In Asian trading, the Euro wallowed near to a 4-month low versus the U.S. Dollar, but traders expect a continued downtrend following the stalemate in Greek politics which will usher in a new election, certainly, but moreover, the increasing risk of a Greek exit from the Eurozone.
Muddled Greek Politics Pressures Euro
Traders are growing increasingly worried that the political impasse staged by the ruling parties in Greece will ultimately lead to the country’s pull out from the Eurozone which is pushing the common currency lower in Asian trading.
Risky Currencies Fall on Greek Worries
Greece’s political leaders failed again to find some common ground and form a coalition government to move the country forward, with the likely outcome first another election within the next few weeks and later a possible withdrawal from the Eurozone.
Traders Risk Off Sentiment Picks Up
The Euro struck a 3½ month low against the U.S. Dollar in Asian trade as news of $2 billion over the past six weeks in trading losses by JP Morgan caused some market jitters and risk aversion.
Euro Broadly Weaker on Greek Worries
The Euro continues to hold close to a multi-months low versus the U.S. Dollar held there by Greece’s political deadlock.
High Risk Currencies Feel the Pressure
The Euro strayed near to a recently struck 3-month low during the Asian trading session as investors worry that political uncertainty in the Eurozone may jeopardize plans to tackle the debt crisis there.
EUR Pressured by Political Uncertainty
The Euro remains under pressure in the wake of Eurozone elections but analysts say that short covering could provide some support.
Euro Uncertainty Follows E.U. Elections
The Euro tanked hard against the U.S. Dollar in Asian trading as the results of the Greek and French elections suggest uncertainty for the Euro’s future. In France, Nicolas Sarkozy has lost his bid to become a 2-term president and in Greece, the current ruling party has lost its majority.
USD Trading Subdued, Labor Data Looms
The U.S. Dollar steadied in Asian trade versus both the Japanese Yen and the Euro but could be under significant pressure if today’s U.S. Non-farms data disappoints as it did in March.
Euro under Pressure as ECB Looms
The Euro slipped and held near to a 2-week low versus the U.S. Dollar, falling overnight as still more dismal economic news puts pressure and the spotlight on the European Central Bank which will announce the outcome of its monthly policy meeting later today.
U.S. Dollar Recovers on Strong Data
The U.S. Dollar recovered in Asian trading, bouncing back from a 2½ month trough against the Japanese Yen following the data release yesterday which showed that U.S. manufacturing grew at its strongest rate in nearly 10 months.
AUD Slips in Aggressive Easing
The Reserve Bank of Australian was widely expected to cut interest rates at their policy meeting today but surprised markets with a 50 basis points reduction rather than the expected 25 points.
US Dollar Pressured by Growth Concerns
Following Friday’s unexpectedly dismal growth report from the United States,, the U.S. Dollar continues to be under pressure as the new trading week unfolds in Asia.
Japanese Yen Retreats on BoJ Easing
The Japanese Yen slipped broadly lower earlier as the Bank of Japan increased their asset purchase program by 10 trillion Yen, slightly more than experts had expected.
Dovish Fed Sends Dollar Down
The U.S. Dollar Index stayed close to a 3-week low as the Federal Reserve took a more dovish stance than markets were expecting.
Euro Edges Higher as FOMC Looms
The Euro edged higher against the U.S. Dollar in Asian trading, boosted by a return to risk appetite following a series of successful sovereign debt auctions from Spain, Italy and the Netherlands.
New Data Cements Aussie Rate Cut
The Aussie Dollar struck a 2-week low versus the U.S. Dollar as expectations of a rate cut were bolstered on weaker than expected inflation data.
Euro Retreats Ahead of Debt Auctions
The Euro slipped off a 2-week peak versus the U.S. Dollar, pushed there on news that the IMF has decided to increase its safety net intended for the Eurozone by 100%.
Yen Holds near Lows ahead of BOJ Meeting
The Japanese Yen continues to hold close to recent lows against the U.S. Dollar, as investors are hesitant to move too aggressively ahead of next week’s policy.
Euro Up but Spain Auction Weighs
In the Eurozone, the focus will turn to Spain and the next auction of Spanish 2-year and 10-year. Analysts says that the Euro is likely to be under renewed pressure as the auction looms, and could test support at $1.30.
Risk On Trade Lifts Aussie, Loonie
The safe haven currencies fell in Asian trading as commodity-linked currencies staged a comeback. The Japanese Yen fell broadly and extended its fall from the 7-week peak versus the U.S. Dollar struck earlier in the week.
China Stocks Fall While Japanese Rise
Chinese stock prices plummeted for the second day following reports that the country’s FDI (foreign direct investment) was down 2.8% in Q1 2012 as compared with the same period last year.
Euro Falls Broadly on Spain Worries
The Euro hit a 1-month trough against the U.S. Dollar and 1½-year low versus the British Pound Sterling as rising Spanish bond yields brought new worries of Eurozone debt contagion.
Euro, Aussie Slip on China Growth News
For the second consecutive day, the Euro had edged higher against the U.S. Dollar and touched on a 1-week peak but analysts agree that the Eurozone’s debt crisis is likely to minimize potential gains.
ECB Comments Offer Hope to Markets
Commodity linked currencies jumped as risk appetite was whetted following yesterday’s comments by on ECB official who hinted that there was a possibility that the central bank could embark on additional bond purchases.
Yen Continues to Hold Near Peaks
The safe haven Japanese Yen remained near a multi-week peak versus a broad mix of currencies on heightened risk aversion.
Yen Strengthens as BOJ Leaves Status Quo
The Japanese Yen edged back up off of the day’s lows versus the U.S. Dollar though analysts expect it will continue to stay under pressure.
Markets Struggle During Asian Session
The greenback hit a one-month low against the yen, hitting a low of 81.19 at one point, while the euro continued to flounder during the Asian session.
Euro Softness Persists Ahead of NFP
As it holds close to a 3-week low established against the U.S. Dollar in the Asian session, the Euro is on track to post the worst week in several months.
Euro Struggles Up from Depths
Both the Euro and the Australian Dollar took hard hits in trading yesterday and are today still within striking distance of the recently established lows. Several events combined to work against the commodity-linked currencies, including Tuesday’s Fed minutes and yesterday’s ECB meeting and dismal outcome of the Spanish bond auction.
Aussie Dollar Slips Hard on Trade Data
The Australian Dollar struck an 11-week trough against the U.S. Dollar following an unexpected outcome in balance of trade figures.
Euro Stung by Labor and PMI Data
The Euro fell broadly in Asian trading as the repercussions of yesterday’s less than impressive jobs and manufacturing data continue to take its toll.
Yen Lower as Repatriation Worries Ease
The Japanese Yen, considered among the best of the safe haven currencies, eased back in Asian trading today following the several days uptrend as a result of the Japanese fiscal year end.
Yen’s Rise Finally Loses Momentum
The Yen’s rising momentum seems finally to have faded, but before it did the Japanese currency briefly struck a 3-week peak against the U.S. Dollar, pushed higher by speculators who had hoped that exporters’ repatriations flows would give a bigger boost to the Yen.
Yen Broadly Higher but Under Pressure
The Japanese Yen firmed broadly earlier today but analysts believe it could still be under some buying pressure as Japan’s fiscal year end approaches.
Yen Higher as Fiscal Year End Looms
As the fiscal year end approaches in Japan, the Yen inched higher versus the U.S. Dollar and broadly against other currencies, supported by Japanese exporters opening long positions in the currency.
U.S. Dollar Softens on Bernanke Comments
The U.S. Dollar came under pressure again as Ben Bernanke, the head of the U.S. Federal Reserve Bank, signaled that monetary policy would continue to remain accommodative, giving rise to renewed hopes of more easing.
U.S. Dollar Recovers Ground on Yen
During the early Asian trading session, the U.S. Dollar recovered from a 10-day trough versus the Japanese Yen as Japanese importers used the pair’s dip to buy into the greenback.
Global Growth Concerns Weigh Broadly
As Tokyo-based importers took advantage of the earlier rally, the Japanese Yen saw some slight weakening during the Asian trading session but the newly raised concerns over global growth are likely to send investors back to safe haven currencies.
Aussie Dollar Falls Hard on China Data
China’s Flash PMI data for February showed a surprising contraction, an event which pushed the Australian Dollar lower against the U.S. Dollar. Get today's news here!
Euro Continues Upswing
Earlier in the Asian session, the Euro struck a 2-week peak against the U.S. Dollar as recent clearer signs of stabilization in the Eurozone helped to support the common currency.
Euro Firms on Stabilization Signs
The EUR/USD pair steadied at $1.3235, just off a 1-week high of $1.3266 struck yesterday, helped there by short selling of the U.S. Dollar following news that the ECB bought no sovereign debt last week.
Japanese Yen Struggles to Suppress Rise
The Japanese Yen was on the defensive during the Asian trading session as the common currency Euro reached a 5-month peak against it; as reported at 1:08 p.m. Get today's news here.
Profit Taking Sends U.S. Dollar Lower
The U.S. Dollar slipped finally as profit taking slowed the recent rally, however analysts concur that the uptrend remains intact as the latest positive economic data more than supports the outlook.
U.S. Dollar Strengthens Broadly
The U.S. Dollar continues to strengthen broadly, this time touching on a 1-month peak versus the Euro and an 11-month peak versus the Japanese Yen.
U.S. Dollar Rallies Broadly on Data
The U.S. Dollar appreciated broadly in Asian trading today, with the greenback striking a multi-month peak against the Japanese Yen. Get the full news article here.
Dollar Continues Upward Climb
In today's news, after a two day Bank of Japan meeting, the US dollar hit an 11 month high against the Yen, with the Dollar Index hitting 79.981, which is also a 7 week high for the currency pair.
Euro Soft as Positive Jobs Data Weighs
The U.S. Dollar touched on a 3-week high against the common currency during the Asian trading session, following Friday’s U.S. jobs report which was not only better than expected but revised upward the two previous months data.
Euro Edges Higher on Greek Swap
The Euro and other commodity-linked currencies earlier overnight gains as the Greek government edged further from a messy default. Earlier in the session, the Euro was trading against the U.S. Dollar at $1.3274, a gain of 1% which came on the back of news that Greece was close to securing its debt swap deal.
Yen Falls Further as Euro Recovers
The Japanese Yen fell against the U.S. Dollar in Asian trading today following a report that showed that the Japanese current account posted a record deficit in January, the first time in three years.
Greek Worries Send Euro, Aussie Lower
Greek worries return to the fore as investors assess whether or not the debt-saddled country can satisfactorily pull together a deal to swap out maturing debt with new issuances.
Aussie Dollar Dips despite RBA Decision
The Reserve Bank of Australia announced earlier that it would make no changes to its current interest rate, set at 4.25%, though it held on to the easing bias discovered with the most recent reading of the minutes.
Profit Takers Send USD/JPY Higher
The U.S. Dollar fell against the Japanese Yen as investors decided to take profits following the recent rise to a 9-month peak; analysts say that U.S. Dollar buying is limiting losses in the short term.
Euro Steadies but Remains on Defensive
The common currency Euro held steady against the U.S. Dollar and edged higher versus the Australian Dollar in Asian trading.
LTRO Outcome Sends Euro, Aussie Lower
In Asian trading, the U.S. Dollar came up off of a 3-month low versus a weighted basket of currencies following Ben Bernanke’s speech yesterday which this time around did not allude to the possibility of additional easing.
Euro, Aussie Gain ahead of ECB’s LTRO
The Euro edged higher in Asian trading, accompanied by other commodity-linked currencies as investors have pinned their collective hopes on today’s LTRO offering from the European Central Bank.
Yen Slips on Month-End Buying Spree
The Japanese Yen slipped further from the 9-month trough struck yesterday as end of the month buying by Tokyo-based exporters helped propel it through a correction.
Yen Softness Continues as Euro Rallies
In Asian trading, the Japanese Yen continues to be under pressure, sliding on Monday to a 9-month trough against the U.S. Dollar.
Euro Set to Resume Rally
In Asian trading, the Euro held close to a 2½ month peak against the U.S. Dollar, given a lift from unexpectedly improved German IFO business sentiment which promoted traders’ short covering.
Yen Edges Higher, Holds Asian Trade
In Asian trading, the Japanese Yen edged higher versus the U.S. Dollar but remains within striking distance of a 7-month through as Japanese importers support the greenback.
Euro Struggles for Footing in Asia
As reality settles in, the Euro is finding itself under renewed pressure, as investors consider worries of growth woes and implementation risks for the Mediterranean nation.
Euro Rises on Greek Bailout Deal
Following the news that the Eurozone’s policymakers have finally agreed on the deal which would give Greece the €130 billion needed to avoid a messy default, the Euro rose against the U.S. Dollar and traded at a high of $1.3293.
Euro Gets Fresh Help on Greek Hopes
Investors hoped remain firmly pinned on a resolution today to the Greek bailout issue, which has helped to buoy the Euro and other commodity-linked currencies.
Japanese Yen Continues to Weaken
In Asian trading, the U.S. Dollar struck a 3½ month peak against the Japanese Yen as better than expected U.S. data points provided a lift to the greenback, already rallying since the Bank of Japan’s movement earlier this week.
Euro Tumbles on Renewed Greek Worries
Following a surprise announcement that the E.U. would not make a do-or-die decision on the Greek bailout loan, the Euro tumbled to a 3-week low against the U.S. Dollar on renewed worries that Greece will be unable to meet its March 20th debt obligations.
Greek Bailout Delayed Yet Again
A planned meeting in Brussels for today which was aimed at approving the Greek bailout plan was delayed again after Eurozone finance ministers claimed that Greek party chiefs failed to commit to the necessary reforms.
Euro Pressured by Moody’s Downgrade
The Euro had initially made some gains against the U.S. Dollar during the Monday trading session on news that the Greek parliament had approved additional austerity measures, but recent news that Moody’s credit rating agency had downgraded several Eurozone members put renewed albeit slight pressure on the common currency.
Euro Recovers as Greeks Pass Austerity
With approval of a new austerity law passed by the Greek Parliament, the Euro edged up against the U.S. Dollar in Asian trading, pushed higher by investor hope that the Greek government will be able to secure the much-needed funding for the second bailout loan.
Euro Holds Gains as Greek Doubts Linger
Following Thursday’s announcement that Greece has finally agreed to the necessary reforms which will allow it to proceed with a second bailout loan, the Euro continues to tenuously cling to recent gains.
Greek Bailout Remains Unsigned
After seven difficult hours of negotiations on Thursday, Greek leaders were unable to find a compromise through which they could sign a new bailout and austerity program to save the struggling nation.
Greek Deal Optimism Buoys Euro
The Euro continues to hold close to a 2-month peak with investors hopeful that the Greek government will finally agree to the conditional measures necessary to obtain the second bailout loan which would prevent a disorderly default.
Euro Softens, Aussie Firms
The Euro continues to be pressured by events in Greece as politicians there postpone what is a critical decision on the second bailout offering that will affect the country’s economic future.
Greek Decision Weighs on Euro
The Euro continues to be under pressure in Asian trade as the Greek government considers new terms and conditions to the second bailout loan, even as the deadline for their agreement looms.
High-Risk Currencies Slip on China News
In Asian trade, commodity-linked currencies fell on news that China’s non-manufacturing PMI slipped to 52.9 last month from December’s reading of 56.0 .
Euro Bounces from Global PMIs
The Euro moved higher against the U.S. Dollar as risk appetite improved following a run of better than expected global PMI data.
USD Dips on Yen as Euro Slips Hard
The U.S. Dollar continues to be under significant pressure following last week’s commitment by the Federal Reserve Bank to hold interest rates at their current ultra low level through 2014.
Euro Gains Pinned to Greek Hopes
The Euro appears to be approaching a key test level as news that the Greek government is close to clinching a deal with its private bondholders helped to boost the common currency.
Euro Retreats as Ecofin Summit Looms
After the strongest 1-week rally for the Euro in more than three months, the EUR eased back from a 6-week peak against the USD.
Exporters' Buying Pushes Yen Higher
The Japanese Yen edged higher after a buying spree from exporters, but the rough patch may not be over.
US Dollar and the Fed Announcement
Yesterday's Fed announcement showed a more dovish sentiment than expected. See what this means for USD.
Yen Hits 1 Month Low on Trade News
The Japanese Yen just hit a one month low after Japan recorded a trade deficit. How will this affect your trading?
Euro Retreats from 3-Week High
The Euro retreated yesterday from a 3 week peak. See how this will affect your Forex trading this week.
Euro Cools But Could Gain More Momentum
The Euro had earlier continued to grind higher against the U.S. Dollar, but is now taking a breather in Asian trading while hovering close to a 2-week high.
Euro Rally Continues on IMF Hopes
The Euro continues to rally in Asia trading on the news that the IMF intends to bolster its funds in order to help the Eurozone’s leaders tackle the ongoing crisis there.
World Bank Cuts GDP Predictions
In a report published today, the World Bank dramatically reduced its global economic growth expectations for the coming years, a sign signaling to both investors and global leaders that the Bank expects another global economic crisis.
Euro Gets a Lift from China Data
Short covering helped to push the Euro pushed higher during the Asian trading session as higher risk assets gained support following news that China’s economy slowed less than previously expected in the last quarter of 2011.
Euro Falls on S&P Downgrades
Following the downgrades of France and Austria on Friday, and the threat of several more before the week is out, the Euro is under fresh pressure, and touched on an 11-year low against the safe haven Japanese Yen.
Euro Gets a Bounce on Aussie, US Dollar
In Asian trading, the Euro steadied following a strong response to the Spanish and Italian debt auctions held yesterday and analysts suggest further that the Euro may now be stabilizing against the Australian Dollar.
Euro Traders Eye Spanish Auction
The common currency Euro clawed for gains in Asian trading today, coming off a newly struck 16-month low, but analysts say that gains will be capped as Spain’s sovereign debt auction looms.
Euro Broadly Lower in Cautious Trade
In Asian trading, the Euro slipped further against the U.S. Dollar, indeed falling against most currencies, as investors trade cautiously in the day ahead of an ECB policy meeting and a Spanish bond auction.
Pressure Builds for the Euro
The Euro managed to hold steady in Asian trade, but analysts say it remains vulnerable as the week progresses and two key debt auctions loom. As reported at 12:31 pm, the Euro was trading at $1.2767, rebounding from $1.2666, the recently struck 16-month low.
Euro Slips Again as Fears Consume
The Euro struck a 16-month trough against the U.S. Dollar in Asian trading as negative headlines out of the Eurozone weigh. As reported at 11:19 a.m. (JST) in Toyo, the Euro was trading 0.2% lower at $1.2694, recovering from an earlier struck low of $1.2666 struck on the EBS trading platform.
Ahead of US Jobs Data, Euro Vulnerable
The Euro continues to come under pressure in Asian trading, hovering near to a 16-month trough against the U.S. Dollar, and analysts expect more declines ahead. As the first full trading week of the new year draws to a close, market players worry that there is little relief in sight, with two key bond sales ahead next week.
Euro Down as Markets Eye French Auction
In Asian trading, the Euro continues to hold close to multi-year lows versus the Australian Dollar and Japanese Yen as Eurozone troubles come back into focus ahead of an auction of French sovereign debt later in the trading day.
Euro Gains on Whetted Appetite for Risk
In Asian trading, the Euro held overnight gains following the largest single day rally for the common currency in almost two months, driven by whetted risk appetite and short covering.
Euro Gets a Reprieve on Short Covering
In Asian trading, the Euro traded higher against the safe haven U.S. Dollar and Japanese Yen, but briefly struck a new low against the Australian Dollar precipitated by some short covering and an underpinning of investors’ risk appetite.
Euro Off To Rocky Start for 2012
The 10-year anniversary of the Euro came and went on Sunday with very little fanfare, as reasons to celebrate the common currency appear far and few between.
Aussie, NZ Dollar Gain at Year’s End
In the year’s final day of trading the Australian and New Zealand Dollars rose against most of their major trading partners, recovering from one-week lows as Asian stocks rallied to increase demand for higher-yielding assets.
Euro Hits 10-Year Low Against Yen
In Asian trading today the Euro hit a 10-year low against the Japanese Yen, resulting from stop-loss selling in the EUR/JPY pair. And, although analysts expect the single currency to stay weak in the coming days, there was some happy news coming from the region, specifically from Italy, where the Italian Treasury was able to pay significantly less for borrowing money on a six-month term than it did last month.
Euro Treads Water Above 11-Month Low
The common currency Euro managed to remain above the recently struck 11-month low against the U.S. Dollar, even as traders keep a close watch on the outcome of the upcoming Italian sovereign debt auction.
Asian Stocks Fall, Yuan Hits High
Asian stocks were lower during Tuesday’s trading as investors expressed concern about the status of the Eurozone debt crisis in the coming quarter and weak holiday sales in the US.
Dollar Holds Onto Last Week’s Losses
The slow return to trading did little to erase last week’s losses for the US Dollar, as investors anticipate a rise in US consumer confidence to be published in tomorrow’s report. A somewhat strong fourth quarter in the US has eroded the pessimism that had been plaguing consumers, and the subsequent rise in confidence has halted the purchase of the greenback.
Euro Holding Its Own in Thin Trading
In thin trading in the run up to the Christmas holiday, the Euro edged higher against the U.S. Dollar but still on track to close out the year lower as investors worry that the Eurozone’s debt crisis will linger long into the new year.
Euro Lags as ECB Offering Disappoints
Following an initial rally on the news that the ECB’s latest offering had been so well received, the euphoria quickly waned as market players understood that the offer was essentially only a liquidity operation, and could not in any way solve the underlying problem of the Eurozone debt crisis.
Euro Gets a Lift on ECB Loan Promise
The common currency extended Tuesday’s gains during Asian trading as investors’ hope builds that the European Central Bank’s most recent offer of longer-term loans could help the Eurozone’s banks with their liquidity problems.
Comments by ECB Head Weigh on Euro
In Asian trading, the Euro remained close to an 11-month trough following comments made by the head of the European Central Bank which dashed any hopes that they would take on a greater role in the resolution of the Eurozone debt crisis.
Safe Havens Get a Lift in Asian Trade
The U.S. Dollar saw gains in Tokyo trading following the news that the long-serving leader of North Korea, Kim Jong-il, has died, which lent support to the safe-haven currency.
Euro’s Slide Stops, But for How Long?
The Euro’s slide to an 11-month low appears to have skidded to a halt, but the common currency remains vulnerable to further losses so long as the Eurozone crisis is unresolved.
Euro Holds Steady near 11-Month Low
The Euro managed to creep higher during the Asian trading session but still remains stubbornly close to an 11-month low which was struck on Wednesday. Market players cite ongoing worries over a Eurozone resolution as the primary reason for the sell-off.
Fed’s Decision Sends Euro Lower
Following the announcement by the U.S. Federal Reserve Bank that they would leave their monetary policy unchanged, the Euro sank against the greenback, and stayed close to an 11-month low.
Fear of EU Rating Cut Hurts Markets
A continually strong US Dollar has pushed gold prices to the lowest they’ve been in the past 7 weeks. Although leaders at last week’s EU summit agreed to a plan to build a rescue fund, the Fitch Ratings has commented that this plan did not sufficiently ease the pressure on the region’s sovereign bond ratings.
Euro Dips as Summit Outcome Disappoints
As was generally expected, the outcome of the last European Union summit left investors unsatisfied and the Euro, as a result, fell in Asian trading against the U.S. Dollar.
Euro Turns Sour after ECB Announcement
After an expected ECB decision which was followed by a disappointing press conference, the Euro took a turn for the worse and struggled to find footing in Asian trade.
ECB Summit: ECB 2 for 2 on Rate Cuts
As markets and analysts had been expecting, earlier today the European Central Bank announced another 25 basis point reduction to its benchmark interest rates, bringing the new rate to a record low 1%. Mario Draghi, the newly installed head of the ECB who assumed the role less than two months ago, appears to have set a fairly aggressive goal to reverse the previous administration’s tight monetary policy.
Euro Warily Traded as ECB Meeting Looms
The common currency Euro remains steady as the European Central Bank is set to make what many believe will be its second consecutive interest rate cut later in the trading day.
Markets Eye ECB Meeting for Direction
Market players remain cautiously optimistic that a resolution to the debt crisis will be provided by the Eurozone’s leadership, as they prepare to meet later this week for what is being deemed as a make-or-break E.U.
Euro Under Pressure as S&P Warns
Standard & Poor’s rating agency has said that they might embark on the credit downgrade of the Eurozone members en masse, unless the Eurozone leaderships find a definitive solution to solving the debt crisis which has plagued the region for the better part of two years.
Euro Firms as Markets Focus on Eurozone
The Euro is seeing some positive momentum in the Asian trading session on investor hopes of a definitive resolution to the European debt crisis as a crucial summit begins later this week.
Markets Bide Time Ahead of Labor Data
With market players biding their time as they await the U.S. non-farms payroll data which will be released later in the trading day, the Euro struggled to gain any footing in Asian trading. Economists expect that the U.S. Labor Department will report that 122,000 new jobs were created in November, and that the unemployment rate will be unchanged at 9.0%; the earlier released ADP data portended a positive outcome, but its never a certainty that the U.S. report will trend exactly the same.
Euro Takes a Break after Rally
The Euro received a major lift yesterday following the announcement that the major central banks would coordinate efforts to ensure that there would be no dearth of global liquidity as a result of the ongoing Eurozone crisis.
Euro Hopes Pinned on EcoFin and EFSF
The markets’ continuing skepticism as to whether a possible solution to the Eurozone debt crisis will be found by the region’s finance ministers meant that the Euro remained under pressure in Asian trading
Markets to Focus on Italy Debt Auction
With investor hopes still pinned on the Eurozone’s leadership to craft a solution to the ongoing debt crisis saga, the common currency moved higher against the U.S. Dollar in Asian trading, consolidating Monday’s gains.
Unconfirmed Italian Report Helps Euro
Investor’ short covering helped to push the Euro higher earlier in the in Asian trading following an initial and uncredited report in an Italian newspaper which said that the International Monetary Fund was arranging an assistance package for Italy.
Heat is on Euro as Portugal Downgraded
The Euro continues to decline as the Eurozone crisis lingers on; thus far in a light trading week.
German Auction Scare Weighs on Euro
The Euro continues to suffer the aftershocks created when Germany’s sovereign bond auction failed to sell out.
Dexia Worries Push Euro Lower
The U.S. Dollar saw broad gains against major currencies in the Asian trading session, as investors again sought refuge in the safe haven assets.
Risk Aversion Sends U.S. Dollar Higher
In spite of the U.S. Super Committee’s failure to come to some consensus regarding the U.S. deficit, investors view the ongoing crisis in the Eurozone as a situation more worrying, thus have sought the safe-haven refuge of the greenback, pushing it higher against the Euro.
Spanish Election Victory Props up Euro
Following news of a victory for Spain’s center-right opposition party, cautious optimism helped to buoy the Euro in Asian trading. The People’s Party is expected to bring in more austerity measures, necessary for the country to restore market confidence.
Resilient Euro Regains Traction
As risk averse investors shun all things related to the Eurozone, the U.S. Dollar has been reaping the benefit.
Safe Haven Currencies Trounce Euro
The Euro struck a fresh 5-week low against safe haven currencies in Asian trading today as investors shunned the common currency.
Euro Weighed by Disappointing Auctions
The Euro fell to a new 1-month low versus the safe haven U.S. Dollar and Japanese Yen in Asian trading day as contagion worries escalate following the disappointing outcomes of Italian and French bond auctions.
Euro Lower After Poor Bond Auction
The Euro continues to be under pressure in Asian trading, following yesterday’s rise in bond yields at the Italian and Spanish debt auctions, evidence which highlights the challenges that the Eurozone faces even as it tries to reassure investors that the debt crisis is containable.
Euro Gains as Governments Take Shape
With investors hopeful that the new Italian government, under Mario Monti, can push through the necessary reforms that will take the economy forward, the common currency Euro as well as commodity-linked currencies, gained some ground in Asian trading today.
Euro Gets a Reprieve, Likely Temporary
the common currency managed to inch higher and hold there above the 1-month low, but traders remain skeptical that any bounce is sustainable as uncertainty over the Italian government’s ability to enact necessary reforms prevails.
Euro Steadies as Trader Panic Pauses
Following a huge sell off in the world’s equity markets, precipitated by the widening yield spread in Italian sovereign debt, the common currency Euro slipped near to 1-month low against the U.S. Dollar.
Euro's Respite on Berlusconi News Brief
Following news out of Italy late yesterday that Silvio Berlusconi would resign his position at the conclusion of the next parliamentary vote on budgetary reforms, the Euro was given some short lived respite from the relentless pressure.
Swiss Franc Slips as SNB Warns Markets
The Swiss Franc remains under some pressure following interventionist comments made by the Swiss National Bank.
Euro Lower As Markets Focus on Italy
As the trading week begins, the Euro continues to move lower against the U.S. Dollar following the markets’ response to Greek Prime Minister George Papandreous’ pledge to resign and allow the formation of a new coalition government.
Euro Pressure Holds as G-20, NFP Looms
The Euro is under heavy pressure in Asian trading today, meeting resistance following a rebound triggered by Greece’s latest move.
Euro Slips Further on Greek Ultimatum
The Euro has slipped further back and near to a 3-week slow in Asian trading today, as worries over the planned Greek referendum escalate.
More Losses Seen Ahead for Euro
Yesterday’s shocking announcement in Greece pushed the Euro to a 3-week low versus the U.S. Dollar, and most analysts believe that the single currency could slide further ahead of the Eurozone’s G-20 meeting.
Choppy, Wary Defines Yen Trading
With investors worried that the Bank of Japan will again intervene to curtail the meteoric rise of the safe haven currency, the Japanese Yen has steadied against the U.S. Dollar in Asian trading.
Bank of Japan Intervenes in Yen’s Rise
Earlier today, it was reported that the Bank of Japan had intervened in the currency, sending the safe haven 5.1% lower against the U.S. Dollar to 79.49 Japanese Yen. As reported at 5:40 a.m. (GMT), the USD/JPY pair was trading lower at 75.8250.
Euro Off of 7-Week Peak as Rally Ebbs
A relief rally in Asia drove the Euro to a 7-week peak in early trading, though the single currency has since beat a slight retreat.
E.U. Leadership Gives Euro a Boost
Now that the Eurozone’s leadership have finally reached an accord which calls for, among other things, a 50% write-down of private Greek bondholder debt the common currency struck a 7-week high against the U.S. Dollar in Asian trading.
Letdown by Euro Leaders Hurts Euro
Traders had, up until recently, been hopeful that the leadership was finally in the process of taking serious measures to address the growing fiscal problems. But that hope was dashed yesterday afternoon.
Euro Finds Support from Hopeful Investors
In Asian trading, the Euro slipped against the U.S. Dollar but remains close to a 6-week peak struck on Monday.
Euro Steadies on Resolution Hopes
Hopes that the Eurozone’s leadership has moved closer to finding resolution to the debt crisis plaguing the region has given the Euro some support, though the single currency did slip lower versus the U.S. Dollar on some light profit taking.
Wary Investors Keep Euro Trading Subdued
A deep divide among the Eurozone’s policymakers has put pressure on the common currency during the Asian trading session, though the Euro has held hard to earlier gains the outlook appears rocky.
Euro Slips as Eurozone Worries Resume
Ongoing doubts over the Eurozone’s policymakers’ ability to create a plan which will help to stop the Eurozone crisis are putting significant pressure on the common currency
Euro Retreats from 1-month High as Optimism Wanes
The Euro gained some ground in the Asian trading session after taking a fall on Monday when Germany's policymakers threw cold water on a quick resolution to the Eurozone crisis.
Euro Edges Lower But Hopes Still Strong for Eurozone
The common currency continues to hold onto most of last week's gains and is poised for more as investors pinned their hopes on the European Union's policymakers, that a decisive response to the Eurozone's debt worries will be addressed later this week.
Euro Lower, But on Track for Strong Weekly Gains
S&P, the ratings agency, downgraded Spain’s sovereign debt, a move which effectively put fear back into the markets that the Eurozone’s contagion was, indeed, spreading.
Euro Higher on Expectations of Progress in Eurozone Crisis
The single currency moved higher against the U.S. Dollar in late Asian trading and remains steady near a 1-month high struck yesterday.
Euro Falls as Slovakia Rejects EFSF Amendment
After the Slovakian parliament rejected the amendment which would bolster the firepower of the Eurozone’s emergency fund, the EFSF, the common currency fell broadly in Asian trading, reversing much of the gains made in the recent corrective rally.
Euro Holds Onto Gains as Optimism Lingers
In Asian trading, the Euro held onto Monday’s gains as hope for a comprehensive Eurozone debt plan continues to gain momentum.
German-French Meeting Offers Hope, Gives Euro a Boost
The common currency edged higher in Asian trading today following news from Germany and France that policymakers there will provide a new and comprehensive plan which will shore up under-capitalized Eurozone banks.
Euro Holds on After ECB Meeting Sparks Optimism
the Eurozone’s policy makers are at last working toward resolution of the Eurozone debt crisis, the common currency has held onto its recent gains during trading in the Asian session.
Euro Steadies Ahead of Key ECB Decision
While the head of the ECB, Jean-Claude Trichet, has maintained his hawkish tone, renewed calls for additional stimulus to spur the sluggish Eurozone economy may be enough to sway the policymakers.
Greeks Strike Against (Already Shaky) Bailout Plans
Government agencies, public transportation services and tax offices were closed on Wednesday in a large-scale effort to protest against the austerity measures set to be imposed by the EU/IMF bailout, which was, in its ideal form, set to remedy Greek’s debt problems.
Euro’s Brief Rally Already at an End
After a brief rally triggered by a late rise on Wall Street, the Euro which had struck $1.3355, is now back under pressure in Asian trading, and edging toward a 10-month low against the U.S. Dollar.
Euro under Pressure as Finance Ministers Delay Greek Payment
The Euro slipped close to a 9-month low against the U.S. Dollar as new-found fear grips investors worried that Greece is imminently about to default on its sovereign debt.
International Bailout Questioned After Greek Announcement
Despite strict austerity measures, it has now been confirmed that Greece will miss its deficit target this year. This announcement caused stock markets to plummet further, on the heels of last week’s deplorable end to Q3, which saw the biggest quarterly losses since 2008.
October Holds No Promise for Euro as Eurozone Woes Continue
The Euro fell past an 8-month low against the U.S. Dollar in Asian trading today, again, as in the past due primarily to the absence of a credible response to the European debt crisis.
End of Month Clearing Pushes Yen Higher
The Japanese Yen gained broadly in Asian trading today as exporters from Japan sold off their holdings in the U.S. Dollar and the common currency Euro to settle their accounts for the month’s end.
Euro Closing In on Year’s Worst Quarter
Unsurprisingly, given the Eurozone’s various crises over the past several months, the common currency is on track to record its worst quarter in better than a year.
Euro Steadies Ahead of EFSF Voting Series
The Euro continues to cling to recent gains against the U.S. Dollar, holding steady above the 8-month trough struck earlier in the week.
Euro Rebounds on EFSF Hopes
The common currency crawled back from an 8-month low against the U.S. Dollar on short-covering by investors following the news that the Eurozone’s key policymakers are considering efforts to shore up the European Financial Stability Facility.
Doubt over Policymaker’s Inadequate Response Pushes Euro Near 8 Month Low
Disappointment in what they already perceive as an insufficient response to the Eurozone crisis, in the Asian trading session, investors have pushed the Euro close to an 8-month low against the U.S. Dollar.
Profit Taking Helps Push Euro Higher, But Gains Seen as Limited
Profit takers are helping to push the common currency higher against the U.S. Dollar following the Euro’s 8-month low struck in the previous trading session.
US Stock Futures Slide, EUR Slump Continues
It’s the move everyone’s been talking about – yesterday’s Federal Reserve announcement that it will reduce borrowing costs in order to hasten economic growth. Equally newsworthy is the downgrade by Moody’s of 3 top US banks – Bank of America, Citigroup and Wells Fargo & Co.
U.S. Dollar Index Approaches 7 Month High on Fed Announcement
The U.S. Dollar rose toward a 7-month peak against other major currencies following the Federal Reserve’s unveiling of the latest weapon in their arsenal.
In Advance of Fed Decision, Dollar Index Rises
Hours before the Federal Reserve is expected to announce a new stimulus plan, the Dollar Index advanced for the third time in four days. The Euro also stabilized with renewed hopes that the US will lower its interest rates.
Traders Wary of Bank of Japan Intervention, Push Yen Higher Nonetheless
Under pressure from Japanese exporters, the U.S. Dollar slipped near to a record low versus the Japanese Yen earlier in a very choppy Asian trading session, but was able to pare losses more recently.
With Italian Debt Downgraded, Euro Tumbles Further
Once again, troubles in the Eurozone have precipitated the Euro’s tumble. Greece, of course, is at the forefront as investors worry that the country will be unable to meet its September debt obligations thus pave the way toward the approval of the next tranche payment of the emergency bailout fund.
Euro Weakens Dollar Gains and Greece Remains in Limbo
As Greece continues fighting against its possible debt default, the Euro weakened for a second straight day against the US Dollar.
Euro under Pressure Again as Ecofin Meeting Disappoints
In Asian trading, the Euro slipped against the U.S. Dollar following a weekend of political setbacks in the Eurozone left the single currency on shaky ground. As reported at 2:22 p.m. (JST) in Tokyo, the Euro was trading down nearly 1% against the greenback to $1.3664; it also fell 0.8% against the safe haven Japanese Yen to 105.06 Yen.
Euro Holds Momentum from Central Bank's Action For Now
The Euro is holding onto gains made yesterday following the extraordinary move by the worlds’ major central banks to enhance U.S. Dollar liquidity.
Greek Default Worries Still Persist, Weighing Down Euro
In spite of reassurances from Germany’s Angela Merkel and France’s Nicolas Sarkozy that the troubled Greek nation would remain a Eurozone member, the common currency is under pressure in Asia.
Euro Holds onto Early Gains, but Bank Downgrades Could Weigh
The Euro is holding onto modest gains during the late Asian trading with hedge fund operators trimming their short positions ahead of an E.U. policymaker conference call which could yield some surprises for the market.
Euro Firms, Though Market Eyes Italian Bond Auction for Direction
The Euro firmed in Asia after a volatile trading session got a boost from rumors that the Chinese government would be buying Italian sovereign debt.
Euro Strikes 10-Year Low against Yen as Crisis Worsens
The worsening situation in the Eurozone sent the common currency on a nosedive against the safe haven Japanese Yen, striking a 10-year low, to fall below key technical levels as well as option barrier.
Euro Gains Little Traction from ECB Announcement
The Euro came off a 2-month low versus the U.S. Dollar in Asian trading on Friday, though the risk of any break below the July low is believed to be on the rise
Ahead of ECB Interest Rate Decision, Euro under Pressure in Asia
The Euro has slipped against the U.S. Dollar in Asian trading today and is facing some headwinds on growing unease that the Eurozone’s efforts to fix the debt crisis are too slow for the markets’ liking.The Euro has slipped against the U.S. Dollar in Asian trading today and is facing some headwinds on growing unease that the Eurozone’s efforts to fix the debt crisis are too slow for the markets’ liking.
USD Retreats from Earlier Peaks as Risk Appetite Grows
The U.S. Dollar slipped back from a 2-month high versus major currencies in the Asian session, following a rebound in higher yielding currencies which tracked gains in the equity markets.
Euro Feels Pressure as Investors Consider Italy’s Austerity Package
The common currency Euro struck a 7-week low in Asian trading today as the Eurozone crisis appears to have deepened overnight. The EUR/USD pair is hovering just above a key support level, and if breached, may result in a sharp sell-off.
Euro under Pressure as Risk Aversion Reigns
In Asian trading today, the common currency slipped to a 3-week low against the U.S. Dollar, taking along with it other commodity-linked currencies as renewed worries over the Eurozone’s debt problems and a much weaker than expected U.S. labor data take its toll on risk appetite.
Japanese Yen Takes a Broad Tumble, Eases Worries of Intervention
The Japanese Yen tumbled broadly against the U.S. Dollar, assuaging investors’ fears that the Bank of Japan might have to consider yet another intervention into the currency’s rise.
Resurrected Worries over Italian Debt Send Euro Lower
Lackluster demand at the Italian bond auction – the largest in the Eurozone – brought investor worries to the fore, with concerns that debt problems in the Eurozone’s 3rd largest economy may be escalating.
Swiss Franc Declines as Risk Appetite Increases
The safe haven Swiss Franc has been under broad sell pressure as risk appetite resumes following the Ben Bernanke speech of last week, as well as an improving outlook for the U.S. economy.
Italy to Sell Bonds This Week
Although the ECM has restrained Italy’s borrowing costs by purchasing its debt, the country will still try to raise money in the bond market this week. This move will be a strong test as to whether the ECB has the buying power to keep yields stable.
U.S. Dollar Investors Seen as Wary Ahead of Bernanke Speech
The U.S. Dollar slipped from a 2-week peak versus the Japanese Yen in Asian trading today, but is expected to more than recoup those losses on speculation that the U.S. Federal Reserve Bank will reaffirm that no further easing is likely in the near term.
Gold Prices Tumble
The price of gold fell for the third straight day today in Asian trading, as the CME Group raised futures margins for the second time this month. COMEX futures fell over $100 on Wednesday, August 24th, signaling the biggest one-day drop since 1980.
U.S. Dollar Steadies as Markets Eye Wyoming
The U.S. Dollar firmed against the majors in Asian trading today and traders expect that it could see some additional gains ahead of the Federal Reserve’s Jackson Hole symposium.
Japanese Government Offers Corporate Financing to Offset Rising Yen
The U.S. Dollar slipped against the Japanese Yen after the government of Japan announced a $100 billion line of credit facility intended to help Japanese business cope with the detrimental effects of a too strong Japanese Yen.
Euro Higher For Now, but Eurozone PMI Could Weigh
The Euro edged up against the U.S. Dollar in Asian trading today, but analysts believe that it could come under renewed pressure if the soon to be released Eurozone PMI data falls short of analysts expectations.
Markets Await a Japanese Intervention
Market attention focuses on the Asian market today with investors speculating that the Bank of Japan could today intervene in the Japanese Yen’s rise. Given that, trading in the Yen was somewhat subdued with investors treading cautiously, nervous about holding the currency for too long.
Investors Shun Higher-Risk Currencies in Favor of Safe Havens
With equity markets falling globally, investors have sought U.S. Treasuries and the safe haven assets; gold, the Swiss Franc and the Japanese Yen, and to some extent the U.S. Dollar, have all been pushed higher.
CHF Down vs US Dollar and Euro on Speculation of Forwards Intervention
A day after the Swiss National Bank intervened in their currency’s rise and the Swiss Franc is continuing to fall lower against the U.S. Dollar and the common currency Euro in Asian trading largely, however, a factor of investors’ speculation that the SNB will dump more liquidity into the forex forwards market.
Euro Struggles to Gain Footing After Merkel/Sarkozy Summit
Following yesterday’s Sarkozy/Merkel summit which failed to yield any promise of the creation of a Eurozone bond scheme, the Euro sank against the U.S. Dollar. Also hurting the common currency was unexpectedly weak German GDP data.
Eurozone Expansion in Q2 Lower than Expected
Although the GDP in the Eurozone rose 0.8% in the first quarter, new reports reveal that it rose just 0.2% in Q2 2011, the worst performance in the region since late 2009.
Germany’s Slowing Growth Pressures Euro
The Euro attempted to hold onto the 1.3% gain made during yesterday’s trading session but news of slowing growth in Germany, the economic driver of the Eurozone, is sending the Euro lower.
Swiss Francs’ Pegging Possibility Suppresses Rise
In early Asian trading, the common currency Euro and the U.S. Dollar rose against the Swiss Franc as investors proceed cautiously, in the even the Swiss National Bank follows through on its intervention threat.
Swiss Franc Continues to Experience Extraordinary Volatility
The Swiss Franc suffered heavy losses against the U.S. Dollar and the common currency Euro earlier during the Asian trading session, a repercussion of the Swiss National Bank's efforts to suppress the Swiss currency's rise.
Euro Edges Higher Against Majors, But Still Seen as Vulnerable
As the European equity markets open higher for trading, the common currency is also higher against the U.S. Dollar, trading most recently at 1.4236, but is still viewed as vulnerable to selling pressure as investors worry that the Eurozone’s fiscal crisis may be spreading to France.
Fed Reaffirms USD Appropriate Carry Trade Choice for Next 2 Years
Ahead of the Federal Reserve’s unprecedented pledge to hold interest rates at the current record for a minimum of 2 years, the U.S. Dollar had edged up against the commodity-linked Australian Dollar.
Swiss Franc Pushed Higher on Safe Haven Bid
The fallout from the U.S. downgrade continues at a rapid clip; a full 24-hour cycle has passed, with Asian, then European and finally, U.S. markets all suffering from sell-off fever.
US Credit Downgrade Sends Dollar Broadly Lower
Following Friday’s announcement by Standard & Poor’s rating agency that the U.S. credit rating was to be downgraded to AA+ from their top-of-the-line AAA rating, the U.S. Dollar is under heavy pressure.
Sell-Off in Equity Markets has Investors Rushing to Safe Haven Currencies
As analysts had previously suggested, the effects of the intervention efforts by the Swiss National Bank were short-lived.
Bank of Japan Intervenes, Promises Continuous Measures to Curb Yen Rise
Earlier in the Asian trading session, the Bank of Japan followed through on earlier hints that an intervention in the Yen’s rise would be forthcoming.
Investors Flock to Safe Havens as Market Jitters Resume
Continued market jitteriness and risk version is sending investors to the safe haven currencies at the expense of the Euro and AUD.
Euro Falls on Possible Spanish Debt Downgrades
With Moody’s credit agency now reviewing the country’s situation, Spain may be the next country to have its debt status downgraded, once again fueling fears of contagion and instability in the region.
Euro Again on Defensive as Contagion Fears Continue
Investor fears of further debt contagion in the Eurozone sent the Euro broadly lower in Asian trading today, while the U.S. Dollar was also under pressure as the debt ceiling debate rages on in Washington.
U.S. Dollar Falls Broadly in Asian Trading as Fear Reigns
The greenback was lower against its safe-haven counterparts the Japanese Yen and Swiss Franc, but also against commodity-linked currencies such as the Australian and New Zealand Dollars, which rallied on key economic data.
Debt Debate Inspires U.S. Dollar to New Record Low against Swiss Franc
With politics still the name of the game in the United States, the U.S. Dollar earlier hit a record low against the safe haven Swiss Franc, as well as a 4-month low against the Japanese Yen in Asian trading.
Dollar Drops against Safe Havens as Focus Shifts to U.S. Debt Ceiling
With the focus temporarily off of the Eurozone, investors shift their attention to the United States and the impending deadline for establishment of a new debt ceiling. As a result, the U.S. Dollar is under significant pressure on growing concerns that the policymakers there will fail to reach a deal and a debt default will ensue.
Euro Rally Continues on Greek Debt Deal
Following yesterday’s announcement by E.U. policymakers that a deal to bailout Greek debt has been worked out, the Euro continues to hold on to its gains against the U.S. Dollar.
Euro Hits Week High After Merkel-Sarkozy Meeting
In Asian trading yesterday the Euro strengthened 0.5%, up to $1.4288, a one-week high against the greenback. The currency’s position was solidified after a meeting of French President Nicholas Sarkozy and German Chancellor Angela Merkel.
Euro Rally Comes to a Halt as E.U. Summit Looms
In earlier Asian trading, the Euro continued its rally against the U.S. Dollar, given respite by yesterday’s successful Italian and Spanish bond auctions.
Euro Holds Steady During Eurozone Lull
In late Asian trading, the Euro is holding steady against the U.S. Dollar; investors are apparently taking advantage of the lull between last Friday’s stress test results and this week’s Eurozone policymakers meeting.
Euro and Dollar Strike New Lows vs Swiss Franc on Debt Worries
Both the common currency and the U.S. Dollar have struck new record troughs against the Swiss Franc in Asian trading today, as investor concerns over sovereign debt fears on both sides of the Atlantic are weighing.
Euro Likely to See Pressure as Markets Await Stress Test Results
With investor focus returning to the Eurozone and the results of bank stress tests which will be released later today, the U.S. Dollar steadied in Asian trading today.
U.S. Dollar Sell-Off Follows Bernanke’s QE3 Comments
The U.S. Dollar was party to a major sell-off yesterday following the Federal Reserve Bank Chairman’s testimony to the U.S. Congress. Bernanke made it clear that the continued sluggishness of the U.S. economy could warrant further stimulus and that the Federal Reserve is ready to provide it as and when they deem it necessary.
Euro Bounces on China Data and FOMC Minutes
The Euro finally got a reprieve from the beating it’s taken this week as investors flocked to the safe haven currencies in the wake of growing Eurozone concerns.
Italian Debt Problems Take Markets by Surprise, Push Euro Lower
In Asian trading today, the common currency fell to a new historic low against the safe haven Swiss Franc, and a 4-month low versus the U.S. Dollar as investors worry over contagion of peripheral debt.
Euro under Renewed Pressure As Italian Debt Problems Surface
The common currency Euro struck a 2-week trough against the safe haven currencies in Asian trading today as an emergency meeting looms for Eurozone policy makers, with the focus on peripheral contagion worries in Italy.
Nonfarm Payroll Report Shows Negative Employment Trend in June
In response to the latest nonfarm payroll report, US stock futures fell sharply, expunging most of this week’s gains, and dashing hopes of a forthcoming economic recovery.
Euro’s Momentum Lost after ECB Rate Hike Announcement
The Euro appears to be giving back the gains it made yesterday against the U.S. Dollar following the news of a Eurozone interest rate hike. As widely expected by markets and analysts alike, the ECB announced a .25% increase in their benchmark interest rates.
Euro Flirts with Positive Territory as Investors Await ECB Decision
As the markets anticipate that the ECB will move to widen the rate differential between it and the Federal Reserve, the Euro continues to struggle to regain some of last week’s momentum.
Euro Struggles to Regain Losses Following Portuguese Downgrade
Moody’s, the credit ratings agency, has followed through on earlier threats and downgraded Portuguese debt to junk status. The reverberations were immediately felt in the financial markets as fear of contagion spread.
Euro Retreats on S&P Warning, May Find Support Ahead of ECB Meeting
In Asian trading today, the common currency Euro retreated after a 6-day win streak as investors bought back the U.S. Dollar to cover short positions.
Euro Extends Gains, but Obstacles Remain
The Euro continues to extend last week’s gains; in Sydney, the common currency earlier struck a 1-month peak against the U.S. Dollar on easing concerns over Greek debt.
Euro Seen Losing Momentum as Euphoria Wanes
With the euphoria of the Greek vote for austerity ebbing, the common currency’s rally appears to be losing some momentum. As reported at 2:34 p.m. (JST) in Tokyo, the Euro was trading against the U.S. Dollar at $1.4514, a gain of 0.1% from late trade in New York but retreating from the $1.4539 peak at the height of investor jubilation yesterday. Where the Euro was earlier finding support was from Asian central bankers who bought heavily after profit taking pushed the common currency down to $1.4467.
Greek Vote Passage Pushes Euro Higher, But Uncertainty Still a Factor
Yesterday’s passage of new austerity measures through the Greek Parliament helped to push the Euro to a 3-week high against the U.S. dollar. That leaves one last hurdle for the Greek government to jump, namely today’s implementation vote.
As Crucial Vote Looms, Euro Reflects Investor Optimism
In spite of the public protests and violence which erupted yesterday on the streets of Athens, investors appear confident that the Greek Parliamentary vote needed to push through additional austerity measures will pass. That sentiment is helping to boost the Euro against the U.S. Dollar, and also giving a lift to Asian equities during the Asian trading session.
Investors Encouraged Even As Greek Austerity Protests Begin
A single day ahead of a legislative vote in the Greek parliament, which if approved will pave the way for the 5th bailout payment from the E.U./IMF special purpose mission, protestors by the thousands are amassing on the streets of Athens, according to a recent Reuters report. Thus begins a 2-day strike, organized by Greek labor unions, of individuals, including the unemployed, who plan to protest the additional austerity measures which were a precondition to the 5th tranche payment.
Euro Lower Ahead on Greek Default Worries
In Asian trading, the Euro earlier edged higher yet stalled just short of chart resistance as market players take a wait-and-see stance on Greece’s upcoming Parliamentary vote for additional austerity measures.
Euro under Pressure as Greek Parliament Votes for More Austerity Measures
As investors seek out the safe haven of the Swiss Franc and the U.S. Dollar, the common currency Euro fell in Asian trading today, holding close to a record low versus the Swiss currency.
Euro Poised to Mark Third Week of Declines
As has seemingly been the norm, the Euro is poised to move lower against the U.S. Dollar as Greek debt concerns continue to weigh. If analysts’ forecasts are correct and the Euro closes lower today, that will make the third such weekly decline in the common currency.
U.S. Dollar Higher Despite Fed’s Dovish Tone
Following the widely expected announcement yesterday that Federal Reserve Bank does not intend to provide any further stimulus to the U.S. economy the U.S. Dollar gained broadly in Asian trading.
Greek Vote of Confidence Gives Euro a Lift
The Greek government managed to survive a confidence vote in Parliament, helping send the Euro briefly higher. A round of profit taking afterward brought the common currency back down but it has since rebounded slightly, trading at 1.4415, up 0.1% at 2:41 p.m. (JST) in Tokyo. Earlier in the trading session, the, Euro struck a high of $1.4435 before slipping back to an intraday low of $1.4345.
Euro Holding onto Small Gains as Investors Rely on E.U. Policymakers
Investors are betting that policymakers in the Eurozone will view the Greek economy as too important to their own survival to allow it to fail, which allowed the Euro cling to hold onto recent small gains in the early Asian trading hours.
Euro Retreats on Postponed Greek Debt Resolution
With the Eurozone’s finance ministers again postponing any firm decision about a resolution to the Greek fiscal problems the Euro edged lower in Asian trading today. As before, the Greek government was reminded that the E.U./IMF tranche payment is in jeopardy unless the government is successful in passing fiscal reforms through the Parliament.
Euro Volatility Subsides, but Analysts See that as Temporary
The 24-hour rollercoaster ride that the common currency Euro has been on has finally ended as investors cover their short positions. In Asian trading, the Euro slipped 0.5% against the U.S. Dollar to trade at $1.4134, rebounding from the $1.4073 3-week low struck earlier.
Violence in Athens and Greek Woes Send Euro Tumbling
With growing concerns that Greece’s problems are escalating, the Euro earlier dropped to a 3-week low against the U.S. Dollar in Asian trade.
Euro under Pressure Again Following Moody’s Threat
Following a threat issued by Moody’s yesterday that French banks could be subjected to a possible credit downgrade, a repercussion of their Greek holdings, the common currency came under further pressure, slipping lower against the U.S. Dollar and Swiss Franc.
Improved Chinese Inflation Data Supports Euro, Aussie in Asian Trade
Better than expected inflation data from China has helped pull the common currency Euro up out of its recent decline.
Euro Downside Risk Seen as Greek Worries Weigh
Following a slide earlier in the Asian session, the Euro managed to edge up against the U.S. Dollar as market players expect some short covering to offer a temporary respite to the common currency. Traders said that the Euro fell to a low of $1.4285 during the session; as at 2:03 p.m. (JST), the Euro was trading at 1.4336.
Euro Weighed Down by ECB Stance, Continuing Greek Concerns
After yesterday’s relatively unsurprising announcement from the ECB that the Eurozone might soon see a rate increase, the common currency Euro fell hard, and today struggles to regain its balance.
Euro Gains as ECB Meeting Looms
Ahead of today’s policy setting meeting of the European Central Bank, the common currency managed to recoup earlier losses against the U.S. Dollar.
Japanese Yen Gains Broadly on Risk Aversion Following Bernanke Speech
Following yesterday’s speech to the IMF Conference in Atlanta whereat Ben Bernanke, Chairman of the U.S. Federal Reserve Bank told the crowd that no further stimulus would be forthcoming after the cessation of the current bond purchase program, the U.S. Dollar slipped against the Japanese Yen. In Tokyo trading, as reported at 1:49 p.m. (JST), the greenback slipped against the Japanese Yen, falling 0.2% to 79.95 Yen. A general decline in Asian equity prices also helped to bolsters’ trader risk aversion.
Euro Holds Steady Near 1 Month Peak Despite Juncker’s Comments
The common currency Euro remains steady following yesterday’s fall from a 1-month peak after Jean-Claude Juncker, the president of the Euro Group, commented that in his opinion the Euro was overvalued.
Greek Bailout Hopes Underpin Euro’s Rise against Greenback
As the Greek nation prepares to receive further bailout assistance from the special purpose E.U./IMF mission, the common currency held close to a 1-month peak against the U.S. Dollar.
Euro Strikes 1-month Peak Ahead of U.S. Labor Data
Finding support from Greek bailout hopes and the likelihood of more weak labor data from the U.S., the Euro earlier struck a 1-month peak against the U.S. Dollar. Wednesday’s ADP jobs report, which was far worse than analysts had anticipated, is being used to gauge today’s release of U.S. Labor Department private sector payrolls.
Euro Recovers from Greek Debt Downgrade
In Asian trading, the U.S. Dollar Index, a measure of the greenback’s value against a weighted basket of major currencies, has fallen to a 1-month low, while in pairs trading, the greenback has steadily held near a record low against the Swiss Franc.
Euro Higher, Supported by Greek Bailout Hopes
With market hopes pinned on the Greek government, the Euro rose against the U.S. Dollar, striking a 3-week high as it approaches chart resistance that could cap near-term gains.
Euro Strikes 3 Week High on Greek Hopes
Following the release of a report stating that Germany might agree to make some concessions on terms for a a Greek bailout, the common currency Euro surged to a 3-week high against the U.S. Dollar.
With US and UK Markets Closed, Euro Gives Back Some Gains in Quiet Trading Day
As market players moved to cover short positions in the U.S. Dollar following last week’s slide, the common currency Euro slipped in Asian trading though managing to hold onto most of Friday’s gains.
U.S. Dollar Broadly Lower on Disappointing Data
Yesterday’s worse than expected data which detailed a still weak U.S. labor market and tepid first quarter growth pushed the U.S. Dollar broadly lower in Asian trading.
Euro Gains Support from Commodities and China Interest
The common currency gained against the U.S. Dollar in Asian trading aided by a rise in commodity prices and a the recent release of a report that the Chinese central bank is considering buying Portuguese bailout bonds.
Euro under Still More Pressure as Hedge Funds Reposition
In Asian trading today the common currency fell further, approaching crucial support levels, following unrelenting pressure from hedge fund operators on escalating Eurozone concerns. Unsubstantiated rumors that the Greek government may call for a snap election added to investor worries and triggered speculative selling of the common currency.
US Dollar Gets Support as Eurozone Problems Continue
The U.S. Dollar Index is holding steady, close to a 7-week peak as the common currency Euro remains on the defensive amid growing concerns that Spain’s fiscal troubles will exacerbate following election losses by the ruling party.
Euro Strikes Historic Low against Swiss Franc, 2 Month Low on Greenback
The common currency Euro slipped to a 2-month low versus the U.S. Dollar in Asian trading today; it struck a new historic low, as well, against the Swiss Franc.
U.S. Dollar Continues to Struggle as Fed’s Dovish Tone Holds Sway
The U.S. Dollar continues to struggle against the common currency Euro as investor expectations that an interest rate hike from the U.S. Federal Reserve were dashed.
Euro Extends Gains as Commodities Stabilize
The common currency Euro continued to extend its recovery from this week’s earlier struck 7-week low against the U.S. Dollar, which is coming under heavy sell pressure as commodity prices appear to be stabilizing.
Euro Gets Support as Portugal Gets Help but Ireland and Greece Problems Still Weigh
Even as investors concerns over the continuing sovereign debt problems of the Eurozone weigh, the common currency Euro rose against the U.S. Dollar in Asian trading, coming off of last week’s 7-week low.
Euro Surges Higher Pending Portuguese Bailout
The Euro surged higher for the second day yesterday as the Portuguese bailout package was confirmed in Brussels.
Ahead of Eurozone Finance Ministers’ Meeting Euro Falls Broadly
Ahead of this week’s meetings of European finance ministers, the common currency fell to a 7-week low against the U.S. Dollar as well as a host of other major currencies.
Greek Rioting of Austerity Measures Pushes Euro Lower
Investor concerns over Greece’s fiscal problems, with the government’s austerity measures resulting in rioting on the streets of Athens, is putting heavy pressure on the common currency, which fell against the U.S. Dollar.
Euro Gains Broadly Ahead of Eurozone GDP Report
In Asian trading today, the Euro rose against the U.S. Dollar, up off a 3-week low as growth projections eclipse investor concern of a worsening debt crisis.
Euro Holds Onto Gains as Commodities Steady
With commodity prices beginning to stabilize, the Euro has been holding tight to recent gains during Asian trade.
Euro Edges Higher, However Pressure Still Seen from Greece
In early trading in Tokyo, the common currency edged higher against the U.S. Dollar, off a 3-week low, supported by early indications of some restabilization in the commodities markets.
Euro Rebounds after 3-Week Low
Following last week’s steep fall, the common currency Euro bounced in early Asian trading, rising against the U.S. Dollar and Japanese Yen.
Reserve Bank of Australia Takes Hawkish Tone, Sends Aussie Higher
With investors speculating that the Reserve Bank of Australia is likely to raise interest rates sooner than later given a higher inflation forecast, the Australian Dollar rose against the U.S. Dollar.
Euro Moves Higher Ahead of ECB Policy Meeting
Ahead of today’s meeting of the European Central Bank’s rate setting committee, the common currency Euro has been rising toward a 17-month peak against the U.S. Dollar in Asian trade.
Pound Sterling Drops as Interest Rate Hike Expectations Fade
Unexpectedly weak data from the U.K.’s manufacturing sector pushes back the likelihood of an interest rate hike sending the Pound Sterling broadly lower in Asian trading.
U.S. Dollar Index Slightly Higher even as bin Laden Euphoria Wanes
With the euphoria over the news of the al-Qaeda leader’s death now beginning to wane, the U.S. Dollar is hovering close to the 3-year low struck last week.
Death of bin Laden Sends U.S. Dollar High in Asian Trading
A quick look at how the currency fluctuated when Saddam Hussein was captured in 2003 should be indicative of what we can expect to see from the floundering U.S. Dollar in light of bin Laden’s death.
US Dollar Continues Downward Spiral
The greenback continues to lose ground against major currencies, with the U.S. dollar Index holding close to a 3-year low in Asian trading, and likely to see the biggest weekly drop since mid-January.
Fallout from Fed Press Conference, U.S. Dollar Slips Broadly Lower
Following yesterday’s press conference held by Ben Bernanke, the chairman of the U.S. Federal Reserve Bank, who fielded questions on the likely direction of the U.S. economy, the U.S. Dollar slipped to new multi-year lows against major currencies.
U.S. Dollar Falls Spectacularly Ahead of FOMC Meeting
In Asian trading today, the U.S. Dollar slipped broadly lower as markets ponder the likely outcome of today’s Federal Open Market Committee Meeting.
Euro Slips in Asian Trading as Trichet’s Patience with U.S. Policy Wanes
The common currency Euro slipped slightly against the U.S. Dollar in Asian trading today as Jean-Claude Trichet, the head of the European Central Bank, noted that he shares the same view as other central bankers that the a U.S. Dollar is in the best interest of the United States economy.
Global Markets Closed, New Reports Expected
Despite the continued chance of debt restructuring in Greece which threatens to wreak havoc on the regional economy, the Euro rallied to a 16-month high against the US dollar as speculation increased that the ECB will continue to raise interest rates this year.
U.S. Dollar Index Approaches All Time Record Low
The U.S. Dollar Index remains hovered close to a 3-year low in light Asian trade, underpinned by the likelihood of prolonged low interest rates and a growing U.S. budget deficit.
Investors Shun Safe Havens, Sending Dollar Index to 3-Year Low
Whetted investor risk appetite has pushed the U.S. Dollar Index to its lowest point in 3 years, and analysts expect that further decline in the index is likely.
AUD Reaches Record High
After the Australian government proved that producer prices surpassed estimated prices, the Australian dollar climbed to a new high.
Euro Rebounds in Asia on Interest Rate Hike Speculation
Commodity linked currencies, including the common currency Euro and the Australian Dollar, rebounded in Asian trading today with the Euro rising against the U.S. Dollar to $1.4387, a gain of 0.4%.
U.S. Dollar Lower Against Yen as Investors Reposition for Yen Slide
The U.S. Dollar edged slightly lower against the Japanese Yen in Tokyo trading as investors pared away their carry trade positions, but most analysts expect that move will be short-lived with hedge fund operators and Japan-based life insurers positioning themselves ahead of what is likely to be another Yen slide.
Eurozone Debt Worries Resurface to Hold Euro Lower vs Dollar/Yen
In Asian trading today, as investor focus returns to Eurozone fiscal problems the common currency Euro extended earlier losses against the greenback after failing to break above key resistance.
Ireland Downgrade Only Marginally Affects Euro
According to some analysts, the divergence of the Federal Reserve’s monetary policy from that of the European Central Bank’s is what is driving the disparity between the U.S. Dollar and the common currency Euro.
U.S. Dollar Index Strikes 16-Month Trough in Asia
The U.S. Dollar Index slipped to a new 16-month low in Asian trading today as investor speculation that the U.S. Federal Reserve Bank might alter its currently loose monetary policy grows more remote.
Absence of Bad News Sends Yen Lower
The U.S. Dollar rose against the Japanese Yen in Tokyo trading today as pension fund operators in Japan, as well as Japanese importers, bought the greenback heavily.
Dollar and Yen Strengthen After New Earthquakes Hit
It’s been a month since the major earthquake that shook Japan, but a recent, smaller earthquake is causing the Yen to strengthen further.
Japanese Yen Continues Downtrend with G7 Intervention
The Japanese Yen slipped lower against the common currency and the Australian Dollar in Asian trading today, and analysts expect further weakening as risk appetite increases, generally.
Yen Slips Further while Euro Buoyed by Rate Hike
A day after a second earthquake struck the beleaguered island nation, the Japanese Yen fell broadly, striking multi-month lows against the U.S. Dollar and the common currency Euro.
As ECB Meeting Looms, Euro Falls
Ahead of the European Central Bank’s policy and rate setting meeting which is set to begin later in the global day, the common currency fell from multi-month peaks against the Japanese Yen and the U.S. Dollar.
Yen Continues to Slip Broadly Lower Under G7 Manipulation
The Japanese Yen continues to broadly decline following last month’s devastating earthquake and tsunami in Japan, and with the concerted efforts of the G7 to keep the Japanese currency from appreciating during this reconstruction period.
Aussie Dollar Slips Following RBA Rate Decision
Following the Reserve Bank of Australia’s announcement that their policy and rate setting committee decided to hold key interest rates at 4.75%, the Australian Dollar slipped against the U.S. Dollar.
Euro Striking New Multi-Month Highs as ECB Meeting Looms
With a meeting of the European Central Bank’s policy setting committee looming later in the week, the common currency struck new multi-month peaks in Asian trading today.
Japanese Yen Slips Again versus Euro-USD
The Japanese Yen continues to weaken versus the majors in midday Asian trading, slipping to a 10-month trough versus the common currency Euro.
Euro Momentarily Strikes 10 Month High Against Yen
The Euro briefly struck a 10-month peak against the Japanese Yen in Asian trading today on raised expectations that the Bank of Japan will not consider an interest rate hike any time soon.
Whetted Risk Appetite Pushes U.S. Dollar Higher Against Japanese Yen
The U.S. Dollar hovered close to a 3-week peak versus the Japanese Yen in Asian trading today on investor speculation that the United States’ Quantitative Easing program will not be extended past the planned end in June.
Trichet’s Reassurance Boosts Euro Higher
With Jean-Claude Trichet’s reassurance to the worlds’ markets that an interest rate hike was imminent to suppress rising inflation, the Euro is finding broad support in Asian trading today.
US Dollar Trades Higher Against Euro as German Election Weighs
The common currency Euro slipped against the U.S. Dollar in Asian trading today following the defeat in Germany of Angela Merkel's Christian Democrat party in regional elections.
Portugal Downgrade Expected, Has Little Effect on Euro
Portugal’s problems grew as another credit ratings agency downgraded sovereign debt from A- to BBB, though most analysts acknowledge that the markets were expecting the downgrade.
Euro Slips as Portuguese Parliament Rejects Austerity Terms
The common currency Euro slipped in Asian trading against the U.S. Dollar, with the realization that Portugal will have no other option but to seek the offered bail-out package from the joint E.U./IMF special purpose mission.
Euro Investors Jittery as Portuguese Parliament Votes on Austerity Measures
Risk averse investors pushed the Euro lower in Asian trading today, and the short term outlook for the common currency appears dependent on the Portuguese government's approval (or not) of austerity measures legislation.
Japanese Yen May Push Higher, Intervention Likely
The Japanese Yen continues to push higher against the. U.S. Dollar in Asian trading, and some market players are speculating that the G7’s resolve to prevent further Yen appreciation may be put to the test later today.
Japanese Yen Remains under Pressure Even After G7 Intervention
The Japanese Yen remains under pressure against the U.S. Dollar, and although losses were generally limited in somewhat subdued trading, most market players believe that the G7 will likely again intervene to curb the Yen’s rise.
Yen Surges Broadly, Intervention Possible
The Japanese Yen surged to a new record high versus the U.S. Dollar in Asian trading today, leaving investors to speculate about possible intervention by the Japanese central bank.
Portuguese Debt Downgrade Gives Euro Momentary Pause
The common currency Euro weakened slightly against the U.S. Dollar in Asian trading following the downgrade of Portuguese sovereign debt.
Japanese Yen Continues to Approach Record High
The Japanese Yen is surging as investors off-load high risk currencies in the face of yet another crisis in Japan.
USD Rallies against JPY Following Bank of Japan Intervention
The U.S. Dollar rallied against the Japanese Yen, rebounding off earlier lows in Tokyo trading, following Bank of Japan intervention.
Japanese Yen Lower Against Majors as Earthquake Aftershocks Strike Japan
Following the 8.9 magnitude earthquake and resultant tsunami which hit the northern coast of Japan a short while ago, the Japanese Yen broadly fell against the majors.
Euro under Heavy Sell Pressure as a Result of Dismal Asian Data
Unexpectedly dismal trade data from China has sent the Euro lower against the U.S. Dollar, and market players expect that the common currency will continue to sink throughout the day.
US Dollar Higher Against Japanese Yen, Treasury Auction in Focus
The U.S. Dollar was higher versus the Japanese Yen in Tokyo trading today following yesterday's small rise in 3-year Treasury yields.
Euro Moves Higher Against the Greenback as EU Summit Eyed
In early Asian trading, the Euro edged up against the U.S. Dollar, but investors, who have increased their long-term holdings in the common currency, appear to believe that a decline in the short-term will prevent it from breaching the November peak.
Euro Continues to Rally - For Now
The Euro’s rally against the US dollar is being questioned as EU leaders continue to battle the region’s sovereign debt crisis and optimism about the U.S. economy increases.
Euro Still Benefitting from Trichet Comments
In Asian trading today, the common currency Euro remained steady, holding onto yesterday’s gains following the hawkish comments issued by European Central Bank president, Jean-Claude Trichet.
Euro Steadies Near 4 Month Hike against US Dollar
The common currency steadied close to a 4-month peak versus the U.S. Dollar in Asian trading on growing speculation that the ECB is moving closer to an interest rate hike.
US Dollar Buoyed Slightly by Bernanke Testimony
In Asian trading today, the U.S. Dollar is seeing slight gains against the common currency Euro, which could not breach a key resistance level.
Ahead of Bernanke Congressional Testimony, USD Under Pressure
Ahead of Ben Bernanke’s testimony later today in the U.S. Congress, the U.S. Dollar is under heavy pressure in Asian trading.
Euro Briefly Strikes 3 Week Low Versus Japanese Yen
In mid-afternoon trading in Asia, the Euro briefly fell to a 3-week low versus the Japanese Yen, which was precipitated by a decline in regional stock prices.
Swiss Franc Strikes Record High, Again
For the second consecutive day, the Swiss Franc struck a new record high against the U.S. Dollar as investors flock to the safe haven currency in the face of escalating violence in Libya.
U.S. Dollar under Pressure, Hits Record Low against Swiss Franc
The U.S. Dollar struck a record low against the safe haven Swiss Franc and investors expect that the greenback will remain under heavy pressure as the violence in the Middle East and Northern Africa escalates.
Euro Rebounds on Possibility of Rate Hike
In mid-afternoon trading in Asia, the common currency Euro rose against the U.S. Dollar as two ECB officials confirmed that the central bank stands at the ready to increase interest rates if inflationary pressures warrant.
US Dollar Broadly Higher on Risk Aversion
The US Dollar saw broad gains in Asian trading today as geopolitical tensions in the Middle East ratcheted up a notch, and investors shun high risk currencies in favor of the safe haven greenback.
Euro Steady against US Dollar in Tokyo Trading
In what is expected to be a lackluster trading day across the forex markets, the common currency Euro held steady, close to a 10-day hike, on renewed speculation of an ECB rate hike.
Investors Turn to Swiss Franc as Middle East Tensions Escalate
As geopolitical tensions rise in the Middle East and now Northern Africa, in Asian trading the safe haven Swiss Franc is holding steady against the U.S. Dollar near to a 2-week peak.
Middle East Tensions Mount, Push US Dollar Index Lower
The U.S. Dollar Index slid to a 1-week low in Asian trading today as investor concerns over escalating Middle East tensions, as well as lackluster economic data from the U.S., held back the recent rise in U.S. Treasury bond yields.
Inflation Concerns Put Pressure on Pound Sterling
Yesterday’s report that U.K. inflation continues to exceed the Bank of England’s 2% target rate gave some credence to investor speculation that a rate hike might soon be forthcoming.
Euro Recoups Some Losses but Remains Under Pressure
In spite of recently recouping some earlier losses, the common currency Euro is expected to continue to be put under pressure; investors believe it is likely to remain within striking distance of the 3-week low struck yesterday.
US Dollar Slips on Profit Taking
In Asian trading today, the U.S. Dollar slipped versus the Japanese Yen as exporters from Japan sold off their holdings and reaped the profits from the 83.50 Yen price.
US Dollar Strikes 1 Month Peak against Yen on Labor Data
The U.S. Dollar rose to a 1-month peak versus the Japanese Yen in Asian trading following the release of encouraging labor data from the U.S. yesterday suggesting that the all important labor market there is finally recovering.
Euro Momentum Subsides as Markets Refocus on MPC Rate Outcome
As market players finally acknowledge that the ECB, in all probability, will not be considering an interest rate increase anytime in the near future, the common currency Euro has fallen against the U.S. Dollar in Asian trading.
Safe Haven Swiss Franc Slips Broadly in Asia on China Rate Hike
The safe haven Swiss Franc remains under pressure in Asian trading today, even as market players took yesterday's benchmark interest rate hike from China in stride.
Euro Higher Against Greenback, But Momentum Lacking
Investor hopes were all but dashed for a rate hike from the ECB later this week following the release of lackluster data from the German industrial sector.
Euro Recoups Some Losses against the Dollar But Remains Under Pressure
In Asian trading today, the common currency Euro recouped earlier losses against the U.S. Dollar, yet investors remain jittery following a rise in the yields on U.S. Treasury instruments.
Euro Remains Under Pressure but Focus Now Turns to US
The common currency Euro is under pressure in Asia today following yesterday’s ECB policy meeting.
Euro Falls as Violence Erupts in Egypt, May Be Poised for Further Drop
As violence erupts on the streets of Cairo, the Euro is falling against the perceived safety of the U.S. Dollar and Japanese Yen as investors beat a hasty retreat from higher risk, commodity-based currencies.
Risk Taking Drives U.S. Dollar to a 3 Month Low Versus Euro
In Asian trading today, the common currency Euro rose to its highest price in almost three months against the safe haven U.S. Dollar on renewed investor risk appetite.
Euro Rebounds Near 2 Month Peak on Eurozone Inflation Worries
The common currency rebounded close to a 2-month peak against the U.S. Dollar in Asian trading following news that Eurozone inflation levels surged, with speculation that the European Central Bank might move to raise interest rates sooner than later.
Egyptian Stock, Egyptian Pound and the Impact on Forex
DailyForex has your coverage of how Egyptian rioting and unrest will impact the Forex markets. Don’t trade Forex without reading these updates.
Middle East Unrest Sends High Risk Currencies Lower
High risk currencies fell broadly in Asian trading today on investors concern that growing unrest in Tunisia and Egypt could trigger further violence in the Middle East.
Japanese Yen Rebounds following Downgrade
In Asian trading, the Japanese Yen managed to recoup some of its earlier losses against the U.S. Dollar following the credit rating downgrade of Japanese sovereign debt by Standard & Poor’s. As reported at 12:54 p.m. (JST) in Japan, the U.S. Dollar traded lower against the Yen at 82.70 Yen, down from 82.90 Yen during late New York trading yesterday, well off the 83.22 Yen immediately after the announcement.
Dovish Fed Tone Keeps U.S. Dollar Near 2 Month Low
The U.S. Dollar remains close to a 2 month low against the common currency Euro following the conclusion of yesterday’s U.S. Federal Open Market Committee meeting.
U.S. Dollar Index Holds Close to 10-Week Low
The U.S. Dollar Index held close to a 10-week trough in Asian trading today, as market players await confirmation that economic growth will remain the focus for the U.S. Federal Reserve.
Euro Rally Continues, Supported by Rising Optimism
In Asian trading today, the Australian Dollar tumbled against major rivals following the release of consumer inflation data which came in below economists’ expectations, and which sent a signal to investors that the Reserve Bank of Australia is unlikely to raise interest rates any time soon.
Euro Eases Off 9 Week Peak in Australian Trading
The common currency back off of a 9-week peak against the U.S. Dollar in Asian trading today, as profit takers sold off their short term holdings in the currency.
Improved Market Sentiment Drives Euro Near to 2-month Peak
The Euro moved closer to the recently struck 2-month peak versus the U.S. Dollar in Asian trading today, and market players expect to see further gains as sentiment for the common currency turned favorable.
In Asian trading, Euro Slips versus Greenback and Yen
In early afternoon trading in Tokyo, the common currency Euro slipped against the U.S. Dollar and the Japanese Yen, but is expected by some dealers to rebound later when data from China confirms a strongly growing economy.
Dollar Declines to Eight-Week Low Versus Euro
The dollar fell to an eight-week low against the euro on speculation a sluggish recovery in U.S. housing and labor markets will deter the Federal Reserve from raising interest rates.
Euro under Pressure as Investors Push for Expanded Rescue Fund
Investors had hoped that this week’s meeting of finance ministers from the Eurozone would result in a strengthening of the rescue fund, yet no definitive outcome came from yesterday’s meeting, and investors get the sense that the market is placing more significance of the fund then are the finance ministers.
Ahead of Eurozone Ministers Meeting, Euro Slips from 1-month High
The common currency Euro held close to a 1-month peak against the U.S. Dollar in Asian trading today, as market players speculate that the current gains are likely limited, and can be attributed to last week’s short covering. In the long term, investors insist that the European policymakers must come up with some clear-cut answer to providing a safety net for the highly indebted Eurozone nations that are seeking assistance.
Institutional Investors and Exports in Japan Drive Euro Lower in Asia
Sales by Japanese exporters and institutional investors helped to drive down the Euro against the Japanese Yen in Asian trading today. Market players foresee, however, that the Euro might rebound during the European session and even into next week, following this week’s successful bond sales by several of the Eurozone’s highly indebted nations.
Euro Retreats as Investors Prepare for Spanish Auction
In Asian trading today, the Euro retreated from the 1-week high struck following the successful bond auction conducted by the Portuguese government yesterday, even as investors await today’s auctions of Spanish and Italian debt.
Euro Holds Ground Ahead of Portuguese Debt Auction
Bond sales to be held later today by the highly-indebted Portuguese government have likely kept many market players on the sideline; nonetheless, in thin Asian trading, the Euro has managed to extend the gains from its earlier rebound.
Ahead of Eurozone Bond Auctions, Euro Holds Near 4-month Low
In Asian trading today, the common currency held close to the 4-month low struck yesterday, even after the Japanese government reported that it would buy approximately 20% of the European rescue fund bonds that will be sold later in the month which are intended to help Ireland out of its financial predicament.
Euro Strikes 4-month Low On Renewed Eurozone Worries
Just as last week, the common currency Euro struck a 4-month low versus the U.S. Dollar in Asian trading on renewed worries over Eurozone peripheral debt. As reported at 2:41 p.m. (EST) in Sydney, the Euro at one point in the session slipped against the greenback to $1.2860 on the EBS trading platform, before trimming losses and rebounding to $1.2908.
U.S. Dollar Strikes 4-month Peak on Encouraging Employment Prospects
With investors expecting further evidence that the American economy is recovering steadily, the common currency slipped against the U.S. Dollar, striking a new 4-month low in Asian trading today.
U.S. Dollar Broadly Supported by Positive Employment Data
The U.S. Dollar steadied against major currencies in Asian trading following yesterday’s release of an exceptional ADP employment report which showed that 297,000 non-farms related jobs were added to the payrolls in December
U.S. Dollar Gains Broadly on Economic Positive Data
With evidence suggesting that the United States is finally on the path to sustainable economic recovery, the U.S. Dollar held firm against major currencies in Asian trading today.
Euro up against the US Dollar
Strong German labor figures for 2010 drove the euro back up above the dollar in Tuesday morning trading.
Daily Report: Euro Recovers in Quiet New Year's Eve Trading
The forex markets are pretty steady in the last day of 2010. Euro got a lift on short covering in crosses as well as by comments from German Chancellor Merkel. Merkel said in an advance text of new year speech to the nation that Euro is far more than just a "currency", but the "foundation" of German economy. She urged that "we must strengthen the euro" as "Europe is in the midst of a great test." The common currency is seen noticeably higher against Swiss Franc and Australian dollar. Short covering in these two deeply oversold crosses helped lift Euro higher against dollar and yen and extended EUR/GBP's rebound.
New Years Taking its Toll on the Forex Market
The USD declined on Thursday, hitting a seven-week low point versus the Japanese currency and a 28-year low against the AUD currency after traders took falls in U.S. bond yields as a cue to get rid of it.
The Greenback Stabilizing
The USD became stable on Wednesday after a sharp increase in U.S. Treasury yields assisted its recovery from a sharp decline vs the euro in a yo yo session the previous day marked by thin year-end flows.
EUR Bears Abandoning their Bets
The EUR experienced a sharp increase as bears were forced to abandon their positions on Tuesday while the USD came under agressive pressure to sell, hitting a three-week low point versus the Japanese currency and a seven-week low against the Australian dollar.
China Tightening up After the Holidays
The AUD declined on Monday after China's central bank increased rates over the weekend, and some analysts say chances of more tightening by China could cause investors to sell the Aussie following the year-end holidays.
The Forex Market and Christmas Do Not Get Along
The EUR stood its ground on Friday after making a comeback from an all time low versus the Swiss franc and a three-week low vs the dollar.
The Forex Market Closing up Shop for the Holidays
The European currency enjoyed a comeback in Asia on Thursday, having reached an all time low againt the Swiss franc overnight, with traders finding increasing buying interest emerging from players in the area specifically central banks.
Euro Holds Steady on Eurozone Downgrade Threats
The Euro is holding steady in Asian trading today following yesterday’s plunge precipitated by dual announcements from Moody’s and Fitch’s, the rating agencies, that they may, respectively, downgrade Portuguese and Greek debt.
Chinese Government Supports E.U. Efforts, Drives Euro Higher
The common currency reversed positions against the U.S. Dollar and the Japanese Yen in the Asian trading session when one official from the Chinese government endorsed the efforts being undertaken by the European Union to stabilize Eurozone financial markets. As reported at 1:49 p.m. (JST) in Tokyo, the Euro traded against the greenback at $1.3194, a session high; on Monday, the Euro struck a 2-week low. Against the Japanese Yen, the Euro was trading at 110.18 Yen, up from 109.90 Yen earlier.
U.S. Dollar Strengthens Against Pressured Euro
The U.S. Dollar continues to strengthen against the common currency Euro as investors remain fearful that more Eurozone nations will finally acknowledge the difficulties they’re having working within their fiscal budgets.
Common Currency Strikes 2-week Low vs Greenback in Asia
The fallout from the Irish downgrade continues to push the common currency lower; today in Tokyo, the Euro slipped to a 2-week trough versus the U.S. Dollar, and appears vulnerable to further losses.
Moody’s Downgrades Irish Debt, Euro Pressured
The common currency Euro slipped against the U.S. Dollar in London trading today as Moody’s, the credit rating agency, downgraded Irish debt from AA2 to BAA1.
U.S. Dollar Slips Lower with Treasury Yields
The U.S. Dollar lost ground against the common currency Euro in early morning trading in New York; as reported at 9:11 a.m. (EST) in New York, the U.S. Dollar was trading at $1.3241 against the Euro.
Euro Steadies against Greenback ahead of E.U. Summit
Even as the Euro steadies in choppy Asian trading, it remains vulnerable to further declines as the E.U. summit begins later today. As reported at 12:27 p.m. (JST) in Tokyo, the Euro was trading relatively flat against the U.S. Dollar, holding at $1.3215.
U.S. Dollar Rises in New York on Improved Economic Data
The U.S. Dollar continued its gains against the common currency Euro and the Japanese Yen following the release of better than expected consumer price data earlier today
Euro Lower as Spain Draws Focus Back to Eurozone
The Euro slipped lower in Asian trading today as Moody’s credit rating agency put Spanish debt under review with the possibility of a downgrade from their current AA1 rating.
U.S. Dollar Briefly Falls Below Parity with Aussie
In London trading, the weakened U.S. Dollar slipped to a 1-month low against the Australian Dollar which achieved parity as commodity prices, especially gold, continue to rise.
In Thin Asian Trading, Euro Surges Near to December High
The common currency Euro held close to the December high versus the broadly weakened greenback in Asian trading today. Yesterday, the Euro surged as hedge fund operators drove sales higher, though some traders complained that thin year-end trading is exaggerating the Euro’s rise.
U.S. Dollar Slips versus Euro in Quiet Trading
In somewhat subdued trading in New York, the U.S. Dollar slipped against the common currency Euro as demand from Latin America and the Eastern European bloc helped to boost the Euro.
Euro Slips against Greenback on Higher Treasury Yields/Eurozone Worries
The common currency Euro slipped against the U.S. Dollar in Asian trading today as higher yields on 10-year U.S. Treasury bonds continue to boost the greenback.
U.S. Dollar under Pressure as a result of China Bank Reserve Hike
The U.S. Dollar opened lower against the common currency Euro in New York trading.
Euro and Yen Rise Against the U.S. Dollar in Tokyo
In Asian trading today, the common currency Euro traded higher against the U.S. Dollar in spite of continuing investor concerns over escalating Eurozone debt problems.
U.S. Dollar Higher against Euro on Ireland Debt Downgrade
The common currency Euro fell versus the U.S. Dollar in New York trading following the announcement earlier today by Fitch credit rating agency that Irish sovereign debt would be downgraded to BBB+, a reflection of the additional costs necessary to bail out the Irish economy and their troubled banking sector.
U.S. Dollar Retreats as Investors Await U.S. 30-year Bond Auction
The U.S. Dollar retreated in Asian trading today, falling against the Japanese Yen and the common currency Euro as the recent gains in U.S. treasury bond yields dipped slightly lower.
U.S. Dollar Continues to Be Boosted Higher Treasury Yields
The U.S. Dollar rose in early New York trading as U.S. Treasury bond yields continue to rise; 10-year instruments are currently yielding 3.25%, a 5-month high. Analysts are predicting that the greenback will continue to gain support through the conclusion of the 10-year auctions later today and tomorrow’s 30-year auctions.
U.S. Dollar Broadly Higher on 2011 Outlook
A rise in yields on U.S. treasury instruments helped to boost the U.S. Dollar in Asian trading today. Yesterday, against the Japanese Yen, the greenback gained nearly 1%, the largest single day’s advance against the Japanese currency in almost 3 months, and today gained .4% to trade at 83.84 Yen.
U.S. Dollar Slips Broadly Lower in New York
In early morning trading in New York, the Canadian Dollar rose versus the U.S. Dollar in advance of the Canadian central bank’s interest rate announcement scheduled for later today.
Yen and Euro Gain on U.S. Dollar in Jittery Market
The Japanese Yen struck a 3-week peak against the U.S. Dollar in Asian trading today
Dollar Pushes Back and Euro Debt Plays a Central Role
The USD on Monday regained some ground which was lost from a renewed focus on U.S. quantitative easing, and was helped by short covering, while the EUR fell back towards channel support ahead of a meeting of European finance ministers.
U.S. Dollar Broadly Higher as Fed Chair Warns of Likelihood for More QE
In early morning trading in New York, the U.S. Dollar is broadly higher and recouping some of last week’s late losses, supported by recent comments from the Federal Reserve Chairman who suggested the strong possibility that additional quantitative easing would be forthcoming.
Greenback Recovers Some of Friday’s Losses in Asia
In Asian trading today, the U.S. Dollar managed to recoup some of last Friday’s losses against the common currency Euro as investors once again turn their focus to the Eurozone’s fiscal worries.
Euro Steadies after Rebound, Markets Eye U.S. Labor Data
In Tokyo trading today, the common currency Euro held steady against the U.S. Dollar, retaining most of the gains derived from yesterday’s rebound.
U.S. Dollar Higher vs Euro, Lower vs Yen/Loonie
The Euro slipped lower against the U.S. Dollar following the European Central Bank’s announcement that interest rates would remain unchanged and that the current monetary policy was appropriate.
Euro on Hold as ECB Announcement Draws Near
The common currency Euro is in a holding pattern in Asian trading today, as investors await the outcome of today’s ECB meeting.
Higher Risk Currencies Edge up over Safe Haven USD
The Canadian Dollar rose against the greenback in early trading in New York, as recent comments by the president of the European Central Bank encouraged investment into higher risk currencies.
Euro Broadly Pressured Ahead of ECB Meeting Thursday
The common currency continues to be put under significant pressure, today in Tokyo hovering near an 11-week trough versus the U.S. Dollar and the Japanese Yen, even as investors await word from the Eurozone policymakers on their next step to contain the Eurozone crisis.
U.S. Dollar Rises to 2½ Month Peak on Rise in Consumer Confidence
The U.S. Dollar rose to a 2½ month peak against the Euro in New York trading today, as persistent worries about sovereign debt in the Eurozone put pressure on the common currency.
Euro Shows Gains, but Still Plagued by Debt Issues
The EUR saw some decreases in Asia on Tuesday but most traders think the worst is ahead of us or the single currency. This comes as a result of a rescue package for Ireland failing to restore investor confidence In euro zone debt.
Markets Wonder if Euro May Be In Freefall
The Euro slipped near a 10-week trough in Asian trading today as investor worries mount over the Eurozone fiscal crisis.
Euro slips lower as focus turns to Iberian Peninsula
The common currency Euro continues its descent in the wake of investor concerns about Eurozone debt; in focus this time is whether or not the Portuguese and Spanish governments will seek financial help to resolve their respective fiscal crises.
Investor Concerns Shove Euro Lower Against U.S. Dollar
Investor worries about Eurozone debt problems continues to wreak havoc on the common currency Euro, which remains hovering close to a 2-month trough versus the U.S. Dollar.
Euro Continues to Struggle on Eurozone Worries
The Euro continues to struggle against the U.S. Dollar and Japanese Yen, in Asian trading today approaching a 2-month low, as investors continue to be nervous about Eurozone’s debt crisis which is in danger of escalating.
Euro Strikes 2-Month Low against Greenback on Irish Downgrade
The common currency Euro struck a new 2-month trough versus the U.S. Dollar in Asian trading today following the Standard & Poor’s decision to lower the long term sovereign debt rating on Ireland from AA to A; the country’s short term debt rating was also lowered.
Euro Faces Pressure as Irish Junior Party Balks at Rescue
The common currency Euro was under pressure in lackluster Asian trading as investor concerns grew that peripheral debt in the Eurozone will worsen, in spite of Ireland’s recent request for aid.
Irish Government Asks for Assistance, Boosts Euro
Markets were encouraged after the government of Ireland’s official request to the joint mission, which was specifically created to help rescue their fiscally challenged economy, and helped to boost the common currency Euro in London trading. T
Euro Steadies in Asia but Faces Resistance as Ireland Worries Continue
The Euro continued its upward trend in Asian trading today, boosted by encouraging signs that the growing Ireland debt and deficit problem is nearing a resolution
As Ireland Considers Options, Euro Gains Support
The common currency Euro backed off of recent losses, gaining on the U.S. Dollar in Asian trading as Eurozone officials report that Dublin appears ready to work out a plan to rescue their ailing economy.
Euro Remains Under Pressure from Eurozone Uncertainty
The common currency Euro remains close to a 7-week trough against the U.S.
U.S. Dollar Rises Against Vulnerable Euro in Tokyo
The U.S. Dollar rose in Asian trading today, briefly striking a 6-week peak versus the common currency in Euro before it slipped back.
U.S. Dollar Up on Ireland Worries
The U.S. Dollar rose to a 6-wee peak versus the common currency Euro in London trading as continuing concerns over Eurozone debt are shaking market confidence.
USD Index Hits Six Week High
The USD index hit a six-week peak on Monday, getting a push by higher U.S. Treasury yields. The EUR was stung as Ireland's growing debt problems shook confidence in the euro zone.
As Eurozone Worries Remount, Euro Slips Broadly
Resurfacing investor fears as to whether Ireland’s government will be able to repay sovereign debt and lower its deficit are having a detrimental effect on the Euro, which today struck a 6-week trough against the U.S. Dollar.
U.S. Dollar Makes Headway in Asian Trading
The U.S. Dollar slipped versus the Japanese Yen in Asian trading today, coming off a near 1-month peak attributed to investor’s sell-off of the greenback, but market players expect that the dollar will rebound later in the trading day as hedge fund operators enter the picture during the European session.
Hedge Fund Operators Drive Euro Slide
In Asian trading today, the common currency Euro continued its slide versus the U.S. Dollar on resurfacing investor worries about the Eurozone’s debt problems, giving investors a reason for profit taking.
Euro Lower as Investor concern over Eurozone Debt Resurfaces
Continuing worries about the Eurozone’s peripheral debt has kept the common currency under pressure in Asian trading today.
U.S. Dollar Gains on Euro/Aussie on Investor Profit Taking
In early London trading, the U.S. Dollar rose against the common currency Euro, benefiting from investors unwinding their short dollar positions as worries over Eurozone debt resurfaces and strong U.S. payrolls data in the U.S. ease some lingering worries.
U.S. Dollar Mixed in Asia, but the Pressure is Still On
The U.S. Dollar held near newly established lows in Asian trading today, with the U.S. Dollar Index setting an 11-month low at 75.89 .DXY.
U.S. Dollar Weakens Still More on Fed Announcement
Following the Federal Reserve’s announcement yesterday confirming the speculation that additional quantitative easing measures would be forthcoming, the U.S. Dollar slipped broadly.
USD Maintaining its Stability
The USD maintained its level on Wednesday as the Fed looked ready to add more monetary easing to spur a flagging recovery, a move analysts predict would weigh on U.S. yields and ultimately put more pressure on the American currency.
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U.S. Dollar Defensive Ahead of FOMC Decision
The U.S. Dollar remains broadly defensive ahead of today’s expected quantitative easing announcement by the Federal Reserve’s FOMC, and until that decision is announced at 6:15 p.m. (GMT), market players remain cautious.
Aussie Gets a Boost from RBA Surprise Decision
A surprise rate hike by the Australian central Bank helped push the Aussie higher against the greenback in Asian trading today.
Kiwi Dollar Strikes 27-month Peak Versus Greenback ahead of Central Bank Meeting
In New Zealand, the Kiwi Dollar traded higher versus the U.S. Dollar, striking a 27-month peak as investors move to position themselves in advance of this week’s Federal Open Market Committee meeting which concludes on Wednesday.
USD on its Way Down
The USD declined towards a 15-year low as the Japanese currency rose broadly
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U.S. Dollar Slips Closer to 15-year Low as Fed Meeting Looms
The U.S. Dollar slipped against the Japanese Yen, approaching a 1995 historic low in choppy trading in Asia today.
Seems like Everyone is in the Monetary Easing Game
A short term comeback in the dollar stopped on Thursday but traders said an increase in U.S. Treasury yields could cause more buybacks in the greenback before the Fed’s policy meeting next week.
U.S. Dollar Slips by Prospect of Higher Bond Yields
Speculation exists that a possible rise in the yield of U.S. Treasury instruments may encourage more buybacks of the U.S. Dollar.
In Asian Trading, U.S. Dollar Rises on Euro/Yen as Investors Consider Gradual QE
In Tokyo trading today, the U.S. Dollar moved higher versus the Japanese Yen and the common currency Euro as investors speculate that the Federal Reserve will likely initiate quantitative easing in tranches.
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US Federal Reserve To Implement Monetary Easing according to the WSJ
The USD inched higher versus the Japanese currency and EUR on Wednesday after the Wall Street Journal exposed the U.S. Federal Reserve was more than likely to reveal plans for gradual Treasury acquisitions at its policy meeting next week.
Japan Considers Intervention as U.S. Dollar Hovers Near ’95 Low
The U.S. Dollar held slightly above the 1995 historic low of 79.75 Yen versus the Japanese Yen in Asia today, causing the Japan Ministry of Finance to caution investors that they would not hesitate to intervene should the Yen appreciate further.
In Asian Trading, U.S. Dollar Weakness Returns Following G20
Now that the Group of 20 has concluded its 3-day meeting in South Korea, investors turn their focus towards Washington, DC where they await the Fed decision on quantitative easing.
As G20 Meets, U.S. Dollar Gains Some Support
The U.S. Dollar held stead in Asian trading today, even as the meeting of the Group of 20 finance ministers sits for their first policy session in South Korea.
Ahead of G20, Dollar Gets Help from Geithner Comments
Ahead of this weekends’ Group of 20 meeting in South Korea, the U.S. Secretary of the Treasury, Timothy Geithner, commented that he plans to use the meeting as a forum to focus attention on the need to rebalance global economies, and move closer to a coordinated exchange rate policy.
China Rate Hike Brings the Greenback Lower
The U.S. Dollar Index slipped in Asian trading today, falling after yesterday’s surprise rate hike by the People’s Bank of China.
Euro and Yen Slip Against a Firming Greenback in Asia
At 3:11 p.m. (JST) in Tokyo, the Euro traded at $1.3900, a decline of .2% and well off last Friday’s 8-month peak
In Asian Trading Greenback Gains on Euro, Aussie as Short Positions are Trimmed
The U.S. Dollar continues to extend last Friday’s late rebound in Asian trading today, with the Dollar Index rising and pulling farther from the 10-month trough struck last week. As reported at 12:40 p.m. (JST) in Tokyo, the Dollar Index traded at 77.402 .DXY, a gain of .5%.
U.S. Dollar Gets Temporary Respite in Asian Trading
Investors cutting their short U.S. Dollar positions helped to give the greenback some respite from the weeks’ lows.
Singapore Policy Tightening Precipitates Greenback’s Broad Tumble
The U.S. Dollar Index struck a new 10-month low in Tokyo trading, continuing to be put under selling pressure, this time pushed lower by the policy tightening actions of the Monetary Authority of Singapore.
QE Speculation Rises as U.S. Dollar Dips against Euro in Asia
Yesterday’s release of the minutes from last month’s Federal Open Market Committee policy meeting spurred on investor speculation that the Fed will soon increase their QE measures.
U.S. Dollar Index Rises in Tokyo on QE Prospects
In Asian trading today, the U.S. Dollar Index held steady, and may be an indication that market players are factoring in the possibility of the Fed’s putting QE measures into play soon.
In Hong Kong, U.S. Dollar Recovers from 15-year Low
In spite of speculation that the Federal Reserve will implement more quantitative easing policies in an effort to spur the sluggish American economy, the U.S. Dollar steadied in Asian trading.
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Ahead of Jobs Data, IMF/G7 Meetings, U.S. Dollar Holds Steady
Ahead of the Labor Department’s release of weekly employment data, the U.S. Dollar steadied in Asian trading, recovering slightly from the sell-off that occurred earlier in the week. The markets are also keenly awaiting news out of the IMF and the G7 meetings later today.
Ahead of G7, U.S. Dollar falls to 15-year Low versus Yen
The U.S. Dollar held fast to multi-year lows against the Japanese Yen in Asian trading today.
U.S. Dollar Holds Steady but Further Weakening Expected
In Asian trading today, the U.S. Dollar held steady versus the Japanese Yen, but the market is merely waiting for the greenback to further soften once the Federal Reserve Bank takes additional quantitative easing measures, as most investors anticipate they will.
Bank of Japan Catches Market Flat Footed with Surprise Moves
In a move that caught the global forex markets unaware, the Bank of Japan today, in a unanimous vote, announced a reduction in its lending rate to a mere sliver above zero percent.
Short Covering helps Push Yen Lower versus the Greenback
With investors unwinding long Yen positions in advance of this week’s policy meeting in Japan, the U.S. Dollar gained versus the Japanese currency in Asian trading; most investors don’t see any real surprises coming out of the meeting, however.
Risk Taking Pushes up Common Currency in Asia
With investor risk appetite whetted by positive economic data from China, the common currency Euro moved up against the U.S. Dollar in Asian trading today, holding steady near a 5-month peak
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U.S. Dollar Struggles on Easing Worries as Investors Ponder Japanese Intervention
With investors watching closely for any last minute sales of the greenback by exporters from Japan on this, the final day of the first half of the Japanese fiscal year, the U.S. Dollar appears to be firmly rooted near this week’s low trade versus the Japanese Yen.
U.S. Dollar Continues to Slip in Asia on Concerns of Additional Monetary Easing
The U.S. Dollar, which has continued to struggle against major currencies over the past months, once again appears vulnerable to a further decline.
Greenback Holds Steady in Asia as Dollar Index Pulls away from 7-month Low
The U.S. Dollar managed to hold steady against the Japanese Yen, trading at 84.20 Yen, very near to the New York close, while the U.S. Dollar Index traded at 79.42 .DXY, distancing itself from Monday’s 7-month low.
In Tokyo Trading, U.S. Dollar Edges higher, up off 5-month trough
In Asian trading today, profit-taking investors helped the U.S. Dollar rise against the Japanese Yen; as reported at 1:51 p.m. (JST) in Tokyo, the U.S. Dollar was trading against the Yen at 84.25 Yen.
Japanese Yen Slips in Asian Trading, Intervention by Ministry of Finance Unconfirmed
The Japanese Yen dropped sharply versus the greenback and other major currencies in Asian trading today, leaving traders to wonder whether or not the Japan Ministry of Finance has once again intervened their currency’s upward movement.
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Ahead of U.S./Japan Summit Today, U.S. Dollar Gains on Japanese Yen
In advance of the meeting between Naoto Kan, the Japanese Prime Minister and the President of the United States, Barack Obama, the U.S. Dollar moved up versus the Japanese Yen, as well as the common currency Euro, in Asian trading today, rebounding from recent losses.
FOMC Comments Push Greenback Broadly Lower in Asian Trading
Comments issued by the U.S. Federal Reserve following their FOMC meeting yesterday pushed the U.S. Dollar down broadly in Asian trading today.
Ahead of FOMC today, U.S. Dollar Index slips in London
The greenback slipped in early London trading as cautious investors speculate that the U.S. Federal Reserve’s Open Market Committee may see the need for additional easing of monetary flows in the United States.
Euro Higher in Asian Trading ahead of FOMC Meeting Tomorrow
The common currency Euro gained slightly versus the greenback and Japanese Yen in Monday’s Asian trading, rebounding slightly from Friday’s fall which came as a result of renewed worries over the fiscal situation in Ireland.
Strong Asian Equity Market helps Euro Gain against the Greenback
A strong equity market in Asia helped to push up the common currency Euro versus the U.S. Dollar.
Japanese Exporters Push Yen Higher on Profit Taking
The Japanese Yen moved higher in Asian trading today, though investors remain skittish and worried that another intervention by the Ministry of Japan might be forthcoming should the U.S. Dollar slip below 85 Yen.
Japan’s Ministry of Finance Intervenes, Sends Yen Plummeting
For the first time in more than six years, the Ministry of Finance in Japan has intervened in their currency’s appreciation by buying the U.S. Dollar repeatedly in Asian trading, forcing the Japanese Yen to plummet versus all major currencies.
USDJPY Off to the Races
The dollar dipped to an additional15-year low versus the JPY on Tuesday ahead of a Japanese ruling party leadership vote in which the prime minister will be presented with a challenge from a proponent of more aggressive fiscal stimulus.
Improved Market Sentiment Boosts Euro versus U.S. Dollar
In Asian trading today, the single currency Euro surged 1% higher against the U.S. Dollar as well as other major currencies, as automatic buy orders tripped following the release of encouraging economic data from China, among other things.|
Dollar bounce loses steam, Swissie slides
The dollar gave up most early gains against the yen on Friday, heading towards 15-year lows and keeping prospects for yen intervention alive, while the Swiss franc stumbled as investors sold safe-haven currencies.
U.S. Dollar Nears 15-year Low versus Yen on Non-intervention by Bank of Japan
The U.S. Dollar approached a 15-year trough versus the Japanese Yen in Asian trading today on investor speculation that the Japan central bank would not yet intervene.
USD Hits 15 Year Low Versus the Japanese Currency
The USD declined to its most recent 15-year low against the JPY on Wednesday and the EUR struggled close to record lows against the Swiss franc as the market contemplated whether to sell it further on euro zone banking concerns.
JPY: More Easing Steps not Expected
The EURO nosedived on Tuesday from a three-week record versus the USD hit yesterday as rekindled worries about the European banking sector prompted investors to reduce risks.
USD on the Defensive
The USD was playing defense on Monday after firm U.S. payrolls data last week eased market fears over chances of a double-dip recession and boosted demand for the EUR and growth-leveraged currencies.
The Forex Market Testing Japanese Authorities
The EUR and high-yielding currencies held strong on Friday after an improvement in U.S. housing and jobless claims data increased investor appetite for risk ahead of key U.S. jobs data later in the day.
European Central Bank Meeting Has Everyone is Suspense
The USD and JPY were on defense on Thursday, maintaining most losses made the previous day when upbeat data helped pull investors away from safe-haven currencies and assets.
Possible Japanese Intervention Has Investors Speculating
The yen declined on Wednesday as the AUD surged on faster-than-anticipated growth in Australia's economy and a moderate rebound in China's manufacturing sector
Japanese Intervention Does Not Have Investors Concerned
The yen revolved around a 15-year peak versus the USD on Tuesday after the Bank of Japan's easing steps the previous day failed to intimidate investors from betting on it rising even more.
Japan's Easing Policy Not Aggressive Enough for Investors
The JPY displayed wide losses on Monday as the Bank of Japan’s policy change to expand a fixed rate fund supply scheme disappointed investors who were anticipating more aggressive measures to counter deflation.
Bernanke and Japan Have Everyone In Suspense
The USD inched higher versus the JPY on Friday, approaching losses due to wariness on possible steps from Japanese authorities to ease the yen's rise.
Japan Has Everyone Talking about Possible Easing Intervention
The JPY made a comeback from a 15-year peak on the USD and a nine-year high on the EUR on Wednesday due to chances that Japanese authorities may indeed take steps such as yen-selling intervention to encourage the yen's rise.
Japanese Easing Policy Still Making Headlines
Japanese Finance Minister Yoshihiko Noda told reporters he would respond appropriately as needed, an expression he has not previously used in his campaign to talk the currency down.
Japanese Easing Measures Causing Speculation
The EUR hit a nine-year low point versus the Japanese currency on Tuesday as the loss of key technical support led speculators to sell the currency in the hope of forcing stop-loss sales against both the JPY and the USD.
EUR vs. USD Nearing Ten Week High
The EUR hovered near a 10-week peak vs the USD on Wednesday, supported by strong U.S. corporate earnings that also boosted global shares.
Japanese Exports Selling the Greenback
The EUR hovered close to a 10-week record versus the dollar on Wednesday, supported by significant U.S. corporate earnings that also boosted global shares.
Japanese Easing Measures Still up For Debate
The USD held steady versus the JPY on Thursday above a 15-year low hit last week, drawing some support from a media report that the Bank of Japan has begun to consider additional monetary easing steps.
The Japanese Currency Increased in Value on Wednesday
The Japanese currency increased in value on Wednesday with investors citing yen purchaing by Japanese investors and exporters, while the Canadian dollar maintained its gains scored on news of a huge takeover bid by global miner BHP Billiton for Canada's Potash Corp.
Japanese Response to Yen's Increase Affecting Everything
The big question remains whether the Japanese authorities will further actions to curb the JPY’s rise. This lack of clarity brought the US currency to hover around a 15 year low against the Yen, weighed dow by a decrease in IS treasury yields.
Euro Bounces from Near One-month Lows Against the Dollar
The Euro, which initially headed lower for a sixth straight day, bounced back from a near one-month low against the dollar, aided by a bounce in equity markets.
Yen's Strength Causing Concerns
A report stating that the Japanese prime minister and the head of the central bank are going to meeting to discuss ways to better cope with the JPY’s export sapping strength lead to a serious increase of the US Dollar vs the JPY on Friday.
USD Ends Rally and Declines while the JPY on BOJ Check
A wave of short Dollar positions triggered by concerns over the US and global economies on Wednesday led to the USD’s biggest daily gain in nearly two years. That gain reversed itself on Thursday with the greenback declining.
USD VS JPY Nearing 15 Year Low
The USD hovered within clear sight of a a decade and a half low against the Japanese currency on Wednesday after the Federal Reserve announced their intentions to boost a flagging economy by reinvesting money from maturing mortgage bonds into government debt.
USD Experiencing Serious Rebounds Except against the JPY
The uncertainty over the future federal reserve decision that many are speculating will lead to further quantitative easing as a result of a slowing economy, has led to a serious USD rebound.
USD Nearing a 15 Month Low against the JPY
The USD nosedived VS the JPY on Monday, approaching a 15-year low, after a pessimistic U.S. July payrolls report generated rumors that the Federal Reserve might consider a further easing monetary policy as early as this week.
US Jobless Claims Raising Concerns
The USD was on the defensive close to a a 3-½ month low versus a variety of currencies after poor U.S. jobless claims figures raised worries that Friday's payroll data could paint a sad picture of the U.S. economic recovery.
U.S. Dollar Falls to new 13-month Trough Versus Canadian Dollar
The Canadian Dollar struck a new 13-week peak versus the U.S. Dollar in early New York trading in advance of critical North American jobs reports to be released tomorrow by the U.S. and Canadian Labor Departments.
USD Making A Comeback?
The USD steadied on Thursday after it enjoyed a rare rally the previous day when U.S. data exceeded expectations and sparked a bout of short-covering, although the overall mood remains bearish ahead of a key payrolls report.
The Dollar Showing Signs of Distress
The USD hit an 8 month low VS the JPY and hovered near a three-month trough against the EUR on Wednesday.
U.S. Dollar Slips Broadly on Economic Recovery Concerns
The U.S. Dollar slipped in early morning trading in New York, striking new multi-month lows versus the Japanese Yen, Pound Sterling and the common currency Euro on growing concerns that the pace of the economic recovery in the United States is slowing. As reported at 9:21 a.m.
USD Nearing Three Month Low
The USD hovered close to a three-month low versus a variety of currencies on Tuesday as a result of the perception that the U.S. growth outlook is declining, forcing the Federal Reserve to keep interest rates at a minimal level.
U.S. Dollar Slips Versus Japanese Yen to New 2010 Low
With the release of new economic data showing that the American economy’s pace of recovery is slowing, the U.S. Dollar yesterday slipped to its lowest level this year against the Japanese yen.
Euro Approaches 11-week Peak in New York Trading
The common currency Euro rose versus the U.S. Dollar in early morning trading in New York, striking the highest level in more than 2 months.
USD Showing Mixed Signals
The USD rallied vs the EUR but declined against the JPY on Wednesday as U.S. durable goods orders were weaker than was expected and added to fears about financial recovery in the world's greatest economy.
Disappointing U.S. Data helps Yen in New York Trading
The U.S. Dollar slipped versus the Japanese Yen in early New York trading following the release of U.S economic data.
The EUR vs USD Disappoints
The EUR hovered directly under a key level vs the USD on Wednesday, affected by profit-taking after it hit an 11-week record, while the AUD decliens as inflation data pared the chances of an interest rate rise next week.
Improved Housing Data Helps Topple Euro from 11-week High
The common currency Euro slipped from an 11-week peak versus the U.S. Dollar after the release of stronger U.S. housing prices helped the U.S. currency recoup earlier losses.
European Banks Stress Tests Reveal No Shocks
The EUR hovered close to a two-month record vs the USD on Tuesday, retaining support after last week's European bank stress tests revealed no issues while demand for riskier assets weighed on the dollar increased significantly.
Skepticism Over the Credibility of the Euro Zone's Bank Stress Tests
The EUR hit a seven-week record vs the JPY on Monday as an increase in shares prompted dealers to unwind long yen positions
Euro and Greenback Slip in Asia Ahead of Stress Test Outcome
In Asian trading today, the common currency Euro and the U.S. Dollar both fell versus the safe-haven Japanese Yen on investor profit taking.
Following Bernanke Testimony, U.S. Dollar Slips Against Yen in Asian Trading
Following the testimonial remarks of Ben Bernanke, to the U.S. Congress’s Banking Committee, the U.S. Dollar fell in Asian trading on renewed investor concern over the pace of the American economic recovery.
Euro off 10-week High against Greenback as Investors Await Stress Test Results
The common currency Euro slipped from a 10-week peak yesterday, but still managed to edge up versus the U.S. Dollar in Asian trading today.
More Disappointing U.S. Data pushes Greenback Nearer 2-Month Low against Euro
With currency investors trimming their long term holdings in the U.S. Dollar, the greenback slipped in Asian trading, closing in on the 2-month trough struck last week against the common currency Euro.
Euro Retreats off 2-Month Highs on Profit-Taking
Investor profit taking brought the Euro lower against both the Japanese Yen and U.S. Dollar in Asian trading today.
Pace of the U.S. Economic Recovery Pressures U.S. Dollar in Asian Trading
The U.S. Dollar remained under pressure in Asian trading today following the release of tepid economic data from the United States which is seen by many as evidence that the pace of the economic recovery is slowing.
Weak China Data helps Yen versus U.S. Dollar and Euro
A decline in regional equity markets coupled with softer than forecast economic data from China raised investor uncertainty over recovering health of the global economies and helped to broadly push up the safe-haven Yen in Asia today.
Whetted Investor Risk Appetite Supports Euro versus U.S. Dollar
The common currency Euro held close to a 2-month peak versus the U.S. Dollar as investor risk appetite was whetted following earlier better than expected quarterly earnings results from Intel.
Weakened Asian Equities Push Yen Higher against Euro/Dollar
A weakened equity market in Tokyo helped to push the common currency Euro and the U.S. Dollar down versus the safe-haven Japanese Yen.
In the Wake of Japanese Election, Yen Falls Against Greenback/Euro
As a result of the election outcome, the Japanese Yen slipped in Asian trading today, down against both the U.S. Dollar and the common currency Euro.
Ahead of Japanese Elections, Yen Slips versus U.S. Dollar
Japanese importers, awaiting the outcome of the Upper House elections which will be held on Sunday, helped push the Japanese Yen lower against the U.S. Dollar in Asian trading today.
Aussie Higher Versus Safe-haven Currencies on Improved Jobs Data
Much stronger than predicted jobs data from Australia helped to push the Aussie and other high-yielders up against the safe-haven greenback and Japanese Yen.
Common Currency Euro Eases Off of 7-week Peak against U.S. Dollar
In Asian trading today, the common currency Euro fell from an earlier 7-week peak against the greenback.
Aussie and Euro Rise Against Safe-Haven Currencies
High-risk currencies such as the common currency Euro and the Australian Dollar rose against the Japanese Yen and the U.S. Dollar in Asian trading today.
U.S. Dollar Gains against Japanese Yen in Light Asian Trading
In Asian trading today, Japanese importers helped to push the U.S. Dollar up versus the Japanese Yen.
USD Showing Signs of Distress
The USD was on the defensive versus the EUR today, approaching what were 5 week lows, following a big short squeeze in the single currency prior to U.S. jobs data, while the JPY lost ground as the squeeze spilled into the Asian market.
U.S. Dollar Continues to Struggle against Yen, Striking 2-month Low in Asia
Institutional investors in Japan are selling off their holdings in the U.S. Dollar following the recent release of weak economic data from the United States bring the greenback to a new 2-month low versus the Japanese Yen.
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U.S. Dollar Rises against Japanese Yen as Markets Await Key U.S. Data
The U.S. Dollar edged up versus the Japanese Yen as investors attempted to buttress their long term U.S. Dollar holdings with the low priced currency.
U.S. Dollar Falls to 8-week Low against Yen on Poor U.S. Treasury Yields
Falling prices in Asian equity markets coupled with lower than 3% yields on U.S. Treasury products helped push the U.S. Dollar lower versus the Japanese Yen.
USD Up against JPY as Long-Term Investors Foresee Possible Rate Hike
In Asian trading today, the U.S. Dollar gained versus the Japanese Yen with long-term investors buying the U.S. currency based on speculation that interest rates in the United States will rise within the next year while Japanese rates remain unchanged.
Weak Asian Equity Market gives support to Yen
The Japanese Yen saw slight gains against the common currency Euro and the U.S. Dollar in Asian trading today.
Australian Dollars Higher on Election of New P.M., while U.S. Dollar Dips in Asia
The U.S. currency was kept on the backfoot in Asian trading today following the U.S. Federal Reserve’s pledge to hold interest rates at their near historic lows.
With Yuan Focus Waning, U.S. Dollar and Japanese Yen Steady in Asia
The U.S. Dollar and Japanese Yen both steadied in Asian trading as the focus on the new Chinese Yuan policy appears to be ebbing.
Euro Trims Earlier Gains as Yuan Weakens
The common currency Euro rose briefly versus the U.S. Dollar following the Chinese central bank’s signal that it would tolerate the Yuan’s appreciation.
High Risk Currencies Gain on Newly Appreciating Yuan
The common currency Euro gained versus the U.S. Dollar and Japanese Yen following China’s announcement this past weekend that they intend to soften their stance on their exchange rate policy.
Auction Demand Helps Boost Euro to 3-week Peak
Solid demand at Spain’s bond auction yesterday helped to boost the common currency Euro up to a 3-week peak versus the U.S. Dollar;
Possible Outcome of Spain Debt Auction has Investors Paring Euro Holdings
Renewed worries over Euro-zone debt has pushed the common currency Euro lower versus both the U.S. Dollar and the Japanese Yen in Asian trading today.
In Asia, Euro Eases off U.S. Dollar after Striking 2-week Peak
The common currency Euro held its own today, close to a 2-week peak versus the U.S. Dollar in subdued Asian trading.
Euro Rally Seen Waning on Greek Downgrade
Profit taking by investors and the downgrading of Greece’s sovereign debt to junk grade status is slowing the momentum of the recent Euro rally.
Higher Share Prices in Asia help Euro to 1-week Peak
The common currency Euro struck a 1-week peak versus the Japanese Yen on rising share prices in the Asian stock market.
The Chinese Markets Having Some Trouble
On Sunday, the Chinese cabinet ordered local governments to improve the management of their investment agencies as a result of concerns that their loans -- estimated at hundreds of billions of US Dollars -- could become a problem for Chinese banks.
EUR on a Rise
The EUR rose on Friday on the back of higher stocks, but the single currency struggled to extend its short-covering rally Vs. the USD ahead of technical resistance, while options barriers also capped gains.
Aussie and Euro up on Positive Data and Chinese Commentary
In Asian trading today, the Aussie rose following the release of positive jobs data from Australia and a report on surging Chinese exports,
Disappointing Remarks from Japanese P.M. Sends U.S. Dollar Lower vs Yen
The U.S. Dollar slipped versus the Japanese Yen on unrealized investor expectations that Naoto Kan, the new Japanese P.M., would further address the issue of a weaker Japanese currency.
Euro, Other High Yielders Rise against Japanese Yen
The common currency Euro and other high yielding currencies, including the New Zealand and Australian Dollars, rose against the Japanese Yen on investor short covering.
Euro Strikes New Low against Swiss Franc and U.S. Dollar among Others
In Asian trading today, the common currency Euro slipped to new multi-year lows versus the U.S. Dollar and the Japanese Yen, as well as the Swiss Franc.
Increased Risk Appetite supports Euro/Aussie in Asian Trading
For the second consecutive trading day, the Japanese Yen slipped broadly following the strong rebound in the global equity markets which sent investors in search of high yielding currencies.
Japanese Yen Slips Broadly on P.M. Resignation News
The recent news from Japan that Yukio Hatoyama, the Prime Minister, would soon resign sent the Yen falling broadly in Asian trading today
Euro and Aussie Both Lower against Safe-Haven Currencies
The European Central Bank released its semi-annual stability report late yesterday, which noted significantly that Euro-zone banks will likely face an additional multi-billion Euro write-down in the second half of 2010 and throughout the 2011 calendar year, potentially reaching a net-loss as high as €195 billion.
Following Spain Debt Downgrade, Euro Steadies in Subdued Trading
In a subdued trading session as a result of holidays in both U.S. and U.K. markets, the single currency Euro moved higher versus the U.S. Dollar; as reported at 3:13 p.m.
Ahead of Month-End Euro Slips, Trimming Yesterday’s Gains
As investors square their holdings in advance of the month’s end, the common currency Euro slipped against the greenback, trimming gains made in yesterday’s trading session.
Euro Sees Slight Gains but Long Term Forecast Remains Bleak
Following last week’s narrow miss of a 4-year low versus the U.S. Dollar, the common currency Euro saw slight gains in Asian trading today.
Health of Euro-zone Banking Sector Pressures the Common Currency
The common currency Euro continues to hold close to a 4-year trough versus the U.S. Dollar; it also approaches an 8½-year low against the Japanese Yen on renewed investor worries about the stability and health of the banking sector in the Euro-zone nations.
Vulnerable Australian Dollar Slips versus Safe Haven Currencies
The high yielding, high risk Aussie extended yesterday’s losses in Asian trading today.
Aussie Slips in Asia on Risk Aversion and Mining Tax
Carry trade unwinding by investors pushed the Aussie lower in Asian trading today, a continuing consequence of last week’s risk averse tendencies.
Euro Holds onto Earlier Gains as Investors Ponder Possible ECB Intervention
Earlier this week, the Euro slipped to a 4-year trough versus the U.S. Dollar on continuing worries that economies in the Euro-zone will have difficulty recovering from fiscal woes.
Euro Rebound Short Lived as Investors Seek Safe Haven
Profit taking investors sold off their holdings in the common currency Euro, taking advantage of the previous session’s bounce when the Euro traded up off a multi-year low.
German ban on Naked Short Selling drives Euro to 4-month trough
Yesterday, German officials announced a plan to prohibit naked short selling of shares in Euro-denominated government bonds and swaps, and some 10 German financial institutions, considered by many to be high-risk transactions. Subsequently, the common currency Euro slipped versus the safe-haven greenback to its lowest price in 4 years. As reported at 2:29 p.m. (JST) in Tokyo, the Euro was trading against the U.S. Dollar at $1.2193, a loss of .1%; earlier, on the EBS trading platform, it had traded at $1.2143, the lowest level in more than 4 years. This year alone, the Euro has lost nearly 15% of its value versus the U.S. Dollar.
GTL TRADING DMCC and AM Financials Announces Participation at 6th ME Forex Expo in Beirut
GTL Trading DMCC has announced its participation in the 6th Middle East Forex Exhibition & Conference, which will be held on the 20th & 21st of May at the Habtoor Grand Hotel – Beirut Lebanon
Euro Downtrend Continues as Euro-zone Bailout Package Debated in the U.S. Senate
Despite rebounding off a 4-year low, the single currency Euro continues to spiral downwards on investor fears
Euro Risk Aversion Brings the Common Currency to a 4-year Low
Euro-zone fiscal concerns are prompting market players to sell their holdings in the common currency Euro, which dropped to a 4-year trough in Asian trading today.
Euro Approaches 14-Month Low despite Minimal Gains on Dollar/Yen
The Euro’s downtrend continues, and the beleaguered single currency is approaching a 14-month trough against the U.S. Dollar on investor concerns over the pace of the Euro-zone’s economic recovery.
Euro Gains on U.S. Dollar and Yen despite Negative Trend
The common currency Euro gained versus the U.S. Dollar in Asian trading today, trading at $1.2667 up slightly from yesterday’s late trade in New York of $1.2627
Pound Sterling Slips despite New Government, While Euro Dips Again
The Pound Sterling trimmed earlier gains versus the U.S. Dollar, following the installment of a new coalition government in the United Kingdom.
MAP S.Platis and Azurite Markets Participate at The 6th Middle East Forex Trading Expo
MAP S.Platis and Azurite Markets shall be present at the 6th Middle East Forex Trading Expo & Conference, taking place on the 20th and 21st of May 2010, at the Habtoor Grand Hotel in BeMAP S.Platis Participates at The 6th Middle East Forex Trading Expo & Conference, 20-21 of May 2010 in Beirut, Lebanon.
Investor Doubts over Greek Rescue Package Continue to Plague Euro
Returning some of yesterday’s gains, the common currency Euro slipped in Asian trading today with investors continuing to have doubts that the rescue package for Greece can be successfully implemented.
Euro Sees Sharp Gains on Dollar/Yen on Rescue Package News
Investor worries appear to be temporarily assuaged as regards the rescue package for the debt-burdened Greek nation and hedge fund buyers sought the common currency Euro, driving the price up sharply in Asian trading today
New 14-month Low for the Euro on Continued Debt Worries
The common currency Euro dropped to a new 14-month trough versus the U.S. Dollar
Euro Slips on Violence over Greek Austerity Measures
Violence and the news of several deaths from rioting over the implementation of austerity measures in Greece have investors speculating that the Greek nation may be on the verge of bankruptcy
Euro Remains under Pressure while Investors Seek Safe Havens
The common currency Euro dropped to the lowest level in nearly a year versus the U.S. Dollar in Asian trading today.
Japanese Yen Slips versus Greenback and Euro in Light Asian Trading
In lackluster Asian trading today, the Japanese Yen slipped versus both the common currency Euro and the U.S. Dollar. Nonetheless, the Yen managed to hold on just shy of the key psychological level (95.00 Yen), indications that the Yen has found support prior to the release of employment data out of the United States later this week.
Common Currency Euro Continues to Slide on Investor Worries
Despite the Greek rescue package announcement this past weekend, the common currency slipped versus the Japanese Yen and U.S. Dollar in Asian trading today.
Euro Gains on U.S. Dollar on Euro-zone Rescue Package Hopes
In U.K. trading this morning, the common currency Euro gained against the U.S. Dollar for the second trading session.
Spain’s Downgrade Exacerbates Euro-zone Concerns, Pressures Euro
Standard & Poor’s, the international rating agency, yesterday downgraded Spain’s sovereign debt adding to investor concerns that a debt crisis within the Euro-zone is rapidly widening.
Euro-zone Debt Downgrades put Downward Pressure on the Euro
Investors’ worries about the Greek debt problem continue to put significant pressure on the common currency Euro, which today struck a new 1-year trough versus the U.S. Dollar.
Kiwi strikes 3-month Peak against the Greenback in Asian Trading
The N.Z. Dollar surged to a new 3-month peak in Asian trading today, with the Kiwi expected to rise higher still
Euro Approaches 1-year Low against the U.S. Dollar on Greek Debt Concerns
Market players sold off their short term holdings in the Euro in Asian trading today, worried about the effectiveness of any rescue plan that the G20 may come up with the help the Greek nation out of its debt troubles
Euro Drops to Near 12-week Trough Against Pound Sterling Ahead of Debate
The common currency Euro fell to an almost 12-week low versus the Pound Sterling in London trading today, spurred on by the Euro’s softness vis-à-vis the continuing debt problems in Greece.
The Whole Forex World Affected by Greek Debt
The EUR declined Thursday afternoon following data that showed Greece's budget deficit was significantly worse than originally assumed. This also raised concerns that the Greek crisis crisis might very well affect additional euro zone countries.
Dollar Buying in Asia increases on Goldman Sachs Respite
This Forex news piece discusses the recent Goldman Sachs scandal as well as its effects on Forex.
Japanese Yen Slips in Asian on Whetted Risk Appetite
The Japanese Yen fell versus major currencies in Asian trading today as investors sought instead higher risk
Goldman Sachs is the Latest Forex Crisis
This Forex news piece discusses the latest financial crisis of Goldman Sachs being accused of fraud and how it affects Forex.
Higher Risk Currencies Slip against Yen in Asian Trading
This Forex news piece discusses the various major currency pairs of the Forex market.
Greenback on the Defensive Following Strong Economic Data from China
Economic data shows that Chinese growth in the 1st quarter of 2010 was at 11.9%.
Risk Appetite Whetted, Euro and Aussie Gain
Improved earnings from U.S. technology leader, Intel, whetted risk appetite in Asian trading, helping both the Australian Dollar and the common currency Euro to rise versus the safe haven currencies.
Euro Suffers a Setback on Renewed Investor Concerns
With investor worries about the Greek debt problem reignited, the Japanese Yen rose versus the single currency Euro.
Greece Still in the Center of Forex
The Forex market continues to feel the affects of Greece's financial crisis, this time, the rescue plan affecting the market.
Euro Gains against Major Currencies on Confirmed Greek Bailout Plan
The Euro drifted sideways versus most major currencies following the news of a nearly €45 billion Greek bailout plan offered by Euro-zone nations yesterday.
Japanese Importers Precipitate Yen Slide
The Japanese Yen slipped versus the U.S. Dollar and common currency Euro in Asian trading today.
In Asian Trading Euro Touches on 2-week Low versus Greenback
Continuing worries about the rescue efforts for debt-burdened Greece helped to push the common currency Euro to a new 2-week low versus the U.S. Dollar in Asian trading today.
Greek Pressure Continues to Affect Forex
A Forex news piece about the JPY, AUD, USD, and the Greek situation.
Japanese Importers Dominate Asian Currency Trading, Sending Dollar and Euro Higher
the U.S. Dollar and common currency Euro were pushed higher versus the Japanese Yen as importers from Japan bought those currencies heavily to settle their accounts.
New Greek Economic Worries Push Euro Down
The Euro slipped versus the U.S. Dollar and Japanese Yen on media reports that the debt-burdened nation of Greece is seeking to amend the recently discussed bailout plans.
Awaiting Labor Data, Profit Takers Force the U.S. Dollar Down
The USD down this morning in the Forex trading market.
As a New Fiscal Year Begins in Japan, U.S. Dollar Gains on Yen
In early trading in Tokyo today, the first day of the new fiscal year, the U.S. Dollar struck 93.65 Japanese Yen, the highest trade since early January.
U.S. Dollar Buying on Positive U.S. Economic News
The U.S. Dollar struck a 2-month peak versus the Japanese Yen in Asian trading today.
Euro Rises in Tokyo on Positive Greek News
Investor appetite for risk was on the rise in Asian trading today following the welcome news that Greece will be able to raise money to settle a portion of its debt burden. That positive news help increase earlier gains for the single currency Euro against the U.S. Dollar.
U.S. Dollar gains on Euro/Others in Advance of Key U.S. Labor Data
Earlier gains in the common currency Euro were given up against the U.S. Dollar in Asian trading today following a rise in short covering.
E.U./IMF Agree to Joint Relief Package for Greece, Help Euro off 10-month Low
After Greece was bailed out, the EUR responded immediately.
Comments by Chinese Banker Precipitate Euro Sell-off
The USD set a new 10-month peak versus the EUR following comments from Zhu Min, a prominent Chinese central banker.
EUR Under Sever Pressure
An overview of the EU markets including Greece, Portugal, and Spain
Germany Might Bail Greece Out
The latest financial developments indicate that Germany might come to the rescue of Greece and its debt.
Euro Strikes New Low versus Swiss Franc
The common currency Euro slid to a new record low versus the Swiss Franc, and a 10-month trough against the U.S. Dollar, in Asian trading today.
The Forex Market and Greece's Debt
The Forex market is strongly affected by the large debt in Greece.
Investor Whetted Risk Appetite Spurs Only Small Demand for Euro
Increased investor risk appetite helped to push the Euro into positive territory in Asian trading today.
Euro Slips Broadly on Greek Fiscal Worries ahead of E.U. Summit
The fiscal problems in Greece and worries about whether or not aid would be secured to bail out the debt troubled nation continue to put pressure on the common currency Euro
Euro holds Steady in Asia as Greek Debt Woes Persist
The Euro held steady in Asian trading today, despite comments from Greek officials that promised cuts in their budget deficit are unachievable given the current high costs of borrowing.
U.S. Dollar Broadly Rebounds in Asian Trading
This Forex news discusses the latest Forex developments in the asian trading Forex market.
Bank of Japan Minimal Policy Change Fails to Support Yen
This Forex technical analysis piece discusses the latest Forex developments in all the major pairs including USD, EUR, and JPY.
Forex U.S. Dollar Dips versus Yen/Euro
This Forex news piece discusses the USD dip against other m ajor currencies like the Yen and Euro
Euro Slips versus U.S. Dollar/Japanese Yen on Investor Profit-taking
This Forex news piece discusses what the major currencies are doing and predicts what the USD, JPY, and EUR will do over the next few days.
Japanese P.M. Remarks Precipitate Yen’s Slippage
Surprise comments made by Yukio Hatoyama, the Prime Minister for Japan, which suggested that a weak Japanese Yen was not in line with the country’s frail economy, sent the Japanese currency falling against both the U.S. Dollar and the single currency Euro in Asian trading today.
Japanese Yen sees Broad Gains on Chinese Economic Data
The recent release of economic data from China, indicating that their economy is continuing to grow at a fast pace even as inflationary pressures increase, raised investor expectations...
Currency Repatriation helps Firm Japanese Yen
With the expectation that Japanese exporters will drive demand higher before the fiscal year end on March 31st, the Japanese Yen held steady in Asian trading today.
Japanese Yen Gains Broadly in Asian Trading
The Japanese Yen made broad gains in Asian trading today as Japanese firms booked profits prior to their fiscal year end on March 31st.
As Asian Share Prices Rise, Japanese Yen Slips against U.S. Dollar
The Japanese Yen slipped to a 2-week low versus the U.S. Dollar in Asian trading today, as higher share prices in Asian markets triggered investors’ risk appetite,
Japanese Yen Slips versus Well-supported U.S. Dollar
The Japanese Yen slipped in Asian trading as the government of the People’s Republic of China reaffirmed its current loose monetary policy and Asian share prices rose, all of which served to increase investors’ appetite for risk. Adding to the Yen’s decline against the U.S. Dollar was the news that Japan’s central bank is considering additional easing measures to stimulate the Japanese economy.
Higher Yielding Currencies Slip on Continuing Euro-zone Concerns
Higher yielding currencies declined in Asian trading today as investor concern over the pace of economic recovery in Euro-zone nations reduced demand. Versus the U.S. Dollar,
U.S. Dollar Slips Broadly in Asia ahead of Greek Finance Meeting
The U.S. Dollar fell broadly in Asian trading today, dropping to its lowest points in several months versus several currencies. As reported at 1:02 p.m. (JST) in Tokyo, the greenback slipped against the Japanese Yen to 88.67 Yen, a decline of .2%; earlier in the trading session on the EBS platform, it had fallen to 88.47Yen, the lowest price in more than 2 months.
AUD/USD Remains At A Turning Point
After seeing the pound collapse yesterday, traders can be a bit more optimistic today with the RBA raising rates to 4% and releasing a statement that has a optimistic outlook on the global recovery.
Australian Dollar Trims Gains, Despite Rate Hike
The Australian Dollar retreated in Asian trading today, trimming gains made immediately following the announcement by the Australian central bank that a key interest rate would be raised to 4.0%, up from 3.75%.
Pound Sterling Struggles in Asia on Political Uncertainty
The U.S. Dollar rose to a new 9-month peak versus the struggling Pound Sterling in Asian trading today, with the British Pound also trading down against the Japanese Yen. The Pound Sterling was trading at $1.5129 at one point in the day’s session, a 9-month low; this year alone, it has lost better than 6% against the greenback. Versus the Japanese Yen, the Pound traded at 134.50 Yen, its lowest price in nearly a year.
Japanese Yen Slips in Asia, but Retains Earlier Gains
Despite a decline during the Asian trading session, the Japanese Yen managed to hold on to gains made on Thursday; the safe haven currency was bolstered by continuing investor concerns over mounting fiscal problems in Euro-zone countries and doubts over the pace of the worldwide economic recovery. Also helping the Japanese Yen was repatriation of the currency by Japanese importers in advance of the month’s end.
Euro Strikes 1-year Low on Yen, Which Makes Broad Gains
The single currency Euro fell to a new 1-year trough in Asian trading today, attributed largely to continuing investor concerns over the Euro-zone’s fiscal problems, and a round of selling by Japanese exporters, which triggered the fall.
Risk Aversion supports Japanese Yen in Asian Trading
Investor risk aversion following yesterday’s release of worse-than-expected consumer confidence data from the United States, helped to prop up the Japanese Yen, considered a “safe haven” currency
U.S. Dollar Trading Narrowly in Asia as Investors Await Bernanke Testimony
The U.S. Dollar traded within narrow ranges in Asian trading today, as traders await the Federal Reserve’s report to the U.S. Congress tomorrow. Some investors are speculating that Ben Bernanke, the Federal Reserve Bank Chairman, would quash rumors of possible monetary tightening, and have avoided the U.S. currency as a result.
U.S. Dollar Slips ahead of Bernanke Testimony
In Asian trading today, the U.S. Dollar Index fell as investors continue to debate the U.S. Federal Reserve’s fiscal strategy, especially as regards the possibility that a key interest rate hike may occur sooner than expected.
U.S. Dollar Index Rises to 8-month Peak on Fed Announcement
In an oddly timed move, the U.S. Federal Reserve Bank directed that the U.S. discount rate, which is the rate at which the Federal Reserve lends to privately held U.S. banks, be raised to .75%, an increase of .25% effective Friday, the 19th of February.
European stocks set to open lower
The Fed raising its discount rate by 25 basis points to .75% shocked the markets earlier today. The US dollar after weakening during early US trade, promptly rallied at the news. The Fed appears to be making good on its word about starting to remove the excess stimulus measures from the economy. The prospect of the US hiking rates before the EU and other major developed countries has made investors dollar bullish. This change in sentiment can be seen in the USD/JPY as the pair reached a new high of 92.10 upon the news.
WSJ News Report exacerbates Euro-Zone Worries
A recent report from The Wall Street Journal newspaper which suggested that the fiscal worries in Greece could spill over to other areas within the Euro-zone, precipitated the Euro’s fall in Asia today. Late last night, it was reported that some Italian municipalities took out derivative contracts, which if substantiated, could threaten public finances.
Euro rebounds on Dollar/Yen despite Greek Fiscal Problems
The single currency Euro rebounded in Asian trading today, despite continuing investor concerns over the Greek debt crisis. Some market players appear inclined to believe that the Euro’s broad decline has reached a turning point, and combined with the U.S. Dollar’s retreat, and whetted risk appetite, helped prop up the Euro against safe-haven currencies.
Euro Beleaguered as Greek Debt Worries Persist
Despite continuing investor concerns over the heavily debt burdened nation of Greece, the single currency Euro inched up in Asian trading today, hovering close to a 9-month trough versus the U.S. Dollar. Once again, a meeting of finance ministers from the Euro-zone failed to produce a definitive plan to help those countries within the Zone which are fiscally troubled, including not only Greece, but Spain and Portugal.
Euro Continues to Struggle on Greek Debt Concerns
The single currency Euro moved closer to a 9-month trough versus the U.S. Dollar in Asian trading today, as investor doubt grew as to whether or not European Union policymakers would help the heavily debt burdened nation of Greece.
Euro Slips as Lack of Details on Greek Bailout Disappoints Market
Investor expectations were dashed when the European Union failed to provide concrete details of their rescue package for the heavily debt burdened nation of Greece.
Euro/Aussie up on Greek Bailout Hopes
With investor expectations that leaders of the European Union will lay out their proposal for a Greek bailout package when they meet later in the day in Brussels, the single currency Euro rose versus the Japanese Yen and the U.S. Dollar in Asian trading.
Ahead of EU Summit the Euro inches up on US Dollar and Japanese Yen
The U.S. Dollar slid versus the single currency Euro in Asian trading today, though it held close to the 8½ month peak struck last week. Until investors’ concerns are allayed about the fiscal well being of certain Euro-zone countries, the Euro will continue to be under heavy pressure.
Industry experts to convene at the 6th ME Forex Trading Expo
Two day conference and exhibition aims to foster education among professional, beginner and institutional traders across the MENA region
The Last Week’s Trading Activities In Perspective
All of the major stock markets closed lower on Friday; the only variable was how big the losses were. In Europe over the course of last week, the FTSE fell by 2.5%, closing at 5060.9; the CAC dropped by almost 5% closing at 3563.8; the Dax shed 3.1%, ending the week at 5434.3.
SNB Intervenes, FX Volatility Spikes
The big event to report from the Asian Session is that the SNB intervened in the EUR/CHF at 1.4620 level creating a ripple effect in the USD/CHF and EUR/USD.
Swiss Intervene in Asian Trading, Sending the Euro Higher
The single currency Euro surged in Asian trading today, following the central bank of Switzerland’s selling off of Swiss Francs. As reported at 4:07 p.m. (JST) in Tokyo, the Euro was holding steady at 1.4730 Francs, a .6% rise on the day.
European Stocks to Open Very Marginally Firmer
A report from Bloomberg says that the US government will officially recognize that job losses from April 2008 to March 2009 increased by 825,000 above previous reports. Since this is data is not relevant to Friday's NFP, I think traders will more then likely brush this off and focus more on the NFP report.
U.S. Dollar Steadies as High-Yielders Take a Hit
The U.S. Dollar steadied against multiple currencies in Asian trading today after it made brief gains precipitated by the respective falls of the New Zealand and Australian Dollars on worse than expected economic data.
Euro slips versus the Pound Sterling on Euro-zone Worries
Continuing investor worries over the fiscal deficits in European nations, especially in Greece and Portugal, pushed the single currency Euro lower against the British Pound Sterling. As reported at 1:19 pm (JST) in Tokyo, the Euro was trading at 87.25 Pence down from yesterday’s late New York trade of 87.42 Pence.
FX Market Awaiting White House Announcement
The JPY rose off earlier lows against the majors and the AUD slid on Tuesday after Australia's central bank put the country's interest rates on hold, surprising investors who had been preparing for a rise in rates.
European Stocks Expected to Open Lower
To the surprise of the market, the RBA decided to pause rates stating that the global economy rather then the local conditions is what prompted them to hold off. The RBA more than likely fears that a slow down in China will have a ripple effect on their economy and just waiting to see what happens. Australian business confidence index did fall sharply by 11 points to 8.
Decision by Reserve Bank of Australia Catches Investors by Surprise
Investors were caught flat-footed by the Reserve Bank of Australia when the central bank made no move to increase a key interest rate, which had long been predicted by analysts and investors alike. As a result, the Australian Dollar slipped more than 1% versus the U.S. Dollar and Japanese Yen, within minutes of the announcement by the RBA that the 3.75% interest rate would be held
U.S. Dollar Index hits 6-month Peak while Euro-zone Debt Worries Continue
The U.S. Dollar Index struck its highest price in more than 6-months in Asian trading today; meanwhile, the single currency Euro remained under pressure and close to a 7-month low on continuing fiscal concerns in certain of the Euro-zone nations.
Forex Asian Session Recap January 29th
Deflation pressures remains a concern for Japan based on decline in consumer prices and the yen’s 8 percent climb in the past nine months which are forcing policy makers to remain open to further stimulus. Despite Japans massive debt load of 973 Trillion yen (a ratio of 200% to GDP compared to the US 90%) traders are still driving Yen crosses lower on risk aversion fears.
Euro Falls to Multi-Currency Lows on Continuing Greek Sovereign Debt Worry
The single currency Euro struck a fresh 9-month trough versus the Japanese Yen, and a 6-month low against the U.S. Dollar on continuing investor worries over the worsening fiscal situation in Greece.
U.S. Dollar retreats against the Euro following Obama Speech
The U.S. Dollar stepped back off a 6-month peak versus the single currency Euro following U.S. President Barack Obama’s State of the Union Address last night in Washington.
Forex Asian Session Recap January 27th
Reports of central bank buying interest lined up at 1.4040 down to 1.4000. Stops below 1.4030 with option protection at 1.4000 and more stops below. Good bids again at 1.3970 and stops below 1.3950 on the EUR/USD. The higher CPI data from Australia helped propel the AUD/USD to a high of .9045, majority of retail traders are already long on this pair.
Japanese Yen gains broadly on Investor Risk Aversion
The trend of risk aversion continues in Asian trading today, with investors opting instead for the safe-haven Japanese Yen, which saw broad gains. As reported at 1:24 p.m. (JST) in Tokyo, the Japanese Yen rose .5% versus the U.S. Dollar, to trade at 89.15 Yen, the highest level in nearly 6 weeks.
News of Chinese Monetary Policy Tightening Boosts Yen
The Japanese Yen surged broadly in Asian trading today following the news that Chinese authorities ordered the implementation of recently established capital reserve requirements for some Chinese banks, an indication that China is making some effort to control its booming economy and stave off inflation. Not all Chinese banks were required to raise their reserve; the specifically chosen banks all bore the same characteristic excessive lending policies.
Bernanke's Second Term Has the FX Market in Suspense
The JPY and USD decreased on Monday while the EUR and other igh-yielding currencies increased, both results of reports that Ben Bernanke was close to being confirmed for a second term as chairman of the Federal Reserve.
U.S. Dollar Edges Higher Versus Japanese Yen on Bernanke Reappointment News
In Asian trading today, the U.S. Dollar edged up versus the Japanese Yen after the release of the news by a White House representative that Ben Bernanke, the Chairman of the U.S. Federal Reserve Banking system, is set for reappointment to a second term of office.
The Forex Market: The Week Ahead January 24th
Next week trader's attention will be focused on Ben Bernanke's confirmation, US GDP, and the FOMC. If Ben is unable to get confirmed for another term as Chairman of the Federal Reserve Board, I expect the news to be dollar bearish. Primarily because of the uncertainty that would ensue from such a result. Coupled with Obama's new bank regulation proposals, and a floundering economic recovery, the US dollar will give back some of the gains. The US GDP is expected to have grown by 4.5% last quarter, this may seem a bit optimistic but retail sales did increase in the last three months, and the trade deficit declined.
Japanese Yen reaches Multi-currency Peaks on Risk Aversion
The Japanese Yen rose to a new 9-month peak against the Euro, which continues to struggle on investor concerns over the fiscal health of many of the Euro-zone nations. As reported at 12:04 p.m. (JST) in Tokyo, the Euro traded at 127.26 Yen, a decline of .1%, though at one point it had traded at 126.55 Yen, the lowest price since April 2009. The Japanese Yen also moved up versus the U.S. Dollar, trading at a 5-week high of 89.85 Yen.
U.S. Dollar strikes 5-month Peak on Euro on Continued Euro-zone Concerns
The U.S. Dollar touched a new 5-month peak versus the single currency Euro in London trading today as continued investor concerns over the debt problems in Greece and other Euro-zone countries weighed heavily on the currency. The fiscal well-being of some European countries, e.g. Spain, Greece and Portugal, spurred investors to sell off their Euro-zone government bonds in favor of German-issued paper.
Dollar Bulls Take Control
The dollar has strengthened across the board in volatility trading over the last few days. Clearly the dollar bulls are in control of the market now. The EUR/CHF is effectively unchanged from where North America closed out Wednesday. Talk of buy orders down at 1.4700/10. I believe that there will be some intervention if it falls below 1.4700.
U.S. Dollar up Broadly on China Report
The U.S. Dollar rose broadly in early London trading today, helped by a drop in commodity-linked currencies on the rumor that lending institutions in China may have been advised to curb their lending activities, which would effectively slow the fast pace of the Chinese economic recovery.
EUR Hits Four Month Low
The EUR hit a four month low after a sharp decrease coming as a result of concern over Greece's fiscal problems. The fall also occurred in response to the currency falling below a key chart level that might signal a bearish trend.
Pound Sterling Strikes New Highs versus Dollar/Euro
The Pound Sterling touched on a new 6-week peak versus the U.S. Dollar and a 4-month peak against the single currency Euro in Asian trading today. As reported at 1:49 p.m. (JST) in Tokyo, against the U.S. Dollar the British Pound traded at a new high of $1.6422, and versus the Euro, the Pound edged up .5% to trade at 87.67 Pence. The U.K. currency benefited from the recent news that British-based Cadbury Plc and U.S.-based Kraft Foods intend to create the largest confectionary firm in the world; to that end, a $19 billion deal is currently under negotiation.
Asian Session Recap January 19th
All of the major currency pairs (except for the GBP/USD) traded in a 30 pip range during the Asian Session. The GBP/USD strengthened on possible M&A flows from a Kraft takeover of Cradbury.
Yen and Dollar Slip in Quiet Asian Trading
In light Asian trading today, the U.S. Dollar and Japanese Yen both gave up last week’s gains to higher yielding currencies. As reported at 4:04 p.m. (JST) in Tokyo, versus the Australian Dollar, the U.S. Dollar slipped to $0.9234, a decline of .1%; versus the single currency Euro, the greenback held steady at $1.4380, though at one point in the trading session it had been up nearly .2%.
Euro, Other High Risk Currencies, Slip on Risk Aversion
Continuing investor concerns about the Greek economy and mounting debt has precipitated the single currency Euro’s fall versus the Japanese Yen and the U.S. Dollar. In Asian trading today, as reported at 1:50 pm (JST) in Tokyo, the Euro slipped to $1.4416 from yesterday’s late New York trade of $1.4504; versus the Japanese Yen, the Euro declined from 131.93 Yen on Thursday to 131.32 Yen.
Positive Australian Economic News Whets Investor Risk Appetite
Positive economic news continues to help boost the Australian Dollar in Asian trading, encouraging investors to take on riskier, higher yielding currencies. Data released yesterday by the Australian government showed that employment figures increased for the 4th straight month last month, and the unemployment rate dropped to its lowest level in 8 months, all of which points to the strong likelihood of another rate increase.
Asian Session Recap January 14th
Stronger employment data from Australia beat market expectations, resulting in the AUD/USD spiking to .9293 on the news. With a stronger economic report released, I believe that the AUD/USD will reach .9350 by the end of the week as traders become more confident that the Australian RBA will raise rates in February. The EUR/CHF steadily appreciated over the course of the past session, with some strong bids to the start of the European session.
Despite Hawkish Comments by Fed Official, U.S. Dollar Remains Mixed
In Asian trading today, the U.S. Dollar edged up versus the Japanese Yen following remarks made by an official of the U.S. Federal Reserve Bank which investors took as a less dovish stance than that currently held by the institution.
U.S. Dollar Continues to Struggle versus High Yielders
As reported at 10:47 a.m. in Sydney, the U.S. Dollar struggled to hold ground in Asia, trading near 3-week troughs versus other major currencies, most specifically high yielders, which were buoyed by whetted risk appetite.
US Jobs Data and Federal Reserve Official's Comments Drive Forex
Directly following negative US jobs data and remarks from a Federal Reserve official claiming that US interest rates are going to stay low for an extended period of time, the dollar took a major dive.
U.S. Dollar loses ground on Disappointing Labor Report
Following Friday’s release of disappointing employment data from the United States, the U.S. Dollar lost ground in Asian trading today. The U.S. Dollar Index, which gauges the greenback versus other major currencies, slipped to 76.938 .DXY, a decline of nearly .7%; on Friday, it traded at a high of 78.187 .DXY. Versus the Japanese Yen, the U.S. Dollar slipped to 92.22 Yen, a decline from 92.68 Yen in Friday’s New York trading.
U.S. Dollar Holds Steady Ahead of Labor Data Release
The U.S. Dollar Index is holding steady ahead of employment data from the U.S. Labor Department which will be released later today, and which investors hope will hasten federal monetary policy changes, including raising of the currently historical low interest rates.
JPY Slides VS. the USD as a Result of New Japanese Intervention Policy
After talk by Japanese Finance Minister Naoto Kan about his desire to see the Yen weaken, the JPY indeed sled against the USD as a result of the impression that the country would get involved more actively in the rise of the Yen.
U.S. Dollar Regains Earlier Losses in Asian Trading
The U.S. Dollar recovered from Tuesday’s sharp drop in choppy Asian trading, as investors booked their profits from the U.S. currency’s earlier rally. As reported at 1:37 p.m. (JST) in Tokyo, the U.S. Dollar traded at 91.96 Yen, a gain of .2% from yesterday’s low trade of 91.25 Yen on the EBS trading platform
Interbank FX: Leveraging Prepaid MasterCard to Speed-up Global Earnings Payments
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USD Takes a Nose Dive
The USD was majorly reduced vs. the majors in the first trading day of the new year, relinquishing the 1.44-level against the EUR and sliding to 1.0374 against the CAD. Crude oil rebounded and passed the $80 per barrel level while the global equity bourses advanced on Monday session as traders shifted back into riskier assets. The Dow Jones, Nasdaq and S&P 500 were all higher by over 1.5% by afternoon.
U.S. Dollar Regains Earlier Losses in Asian Trading
The U.S. Dollar recovered from Tuesday’s sharp drop in choppy Asian trading, as investors booked their profits from the U.S. currency’s earlier rally. As reported at 1:37 p.m. (JST) in Tokyo, the U.S. Dollar traded at 91.96 Yen, a gain of .2% from yesterday’s low trade of 91.25 Yen on the EBS trading platform.
U.S. Dollar Slips in London Trading on Increased Risk Appetite
The U.S. Dollar slipped broadly in early London trading today, as investors’ appetite for higher risk/higher yielding currencies increased. Recent comments from a Federal Reserve Bank official reinforced the market view that the current historically low interest rates in the United States will continue until the economy sees a stronger recovery.
U.S. Dollar Off of a 4-month Peak versus Yen, Holds Steady on Majors
In the first day of trading in the New Year, the U.S. Dollar slid from a 4-month peak versus the Japanese Yen, but managed to hold steady against other currencies as investors turn their sights to U.S. economic data to be released later this week.
Euro Gains on Higher Investor Risk Appetite
The single currency Euro saw gains versus the Japanese Yen and U.S. Dollar in Asian trading today on increased risk appetite, which spurred investors to book profits on the recent dollar rally. Analysts predict a bounce back from the Euro within the next few weeks, similar to patterns it took in 2006 and 2007.
U.S. Dollar moves up on Japanese Yen as Central Banks’ Paths Promise Divergence
With the question of policy tightening by the Federal Reserve still in the fore, the U.S. Dollar struck a 2-month peak versus the Japanese Yen in Asian trading today. As reported at 2:28 p.m. (JST) in Tokyo, the U.S. Dollar traded at 92.26 Yen, the highest price since October; this year the U.S. Dollar has gained nearly 1.7% on the Yen compared to 2008 when it lost nearly 19%.
Rising U.S. Bond Yields help U.S. Currency versus Euro and Yen
The U.S. Dollar continues to make gains in Asian trading, up against both the single currency Euro and the Japanese Yen as demand for the greenback grew on hedge fun buying. Analysts predict that the U.S. Dollar may see wider gains provided that the yields on 10-year Treasury Notes rises aga
U.S. Dollar Holds Steady in Light Asian trading
The U.S. Dollar held steady near recently established peaks versus the Japanese Yen in Asian trading today, spurred by year end corporate demand. Today is the final trading day of 2009 for a significant number of Japanese firms which will be closed until January 4th 2010
U.S. Dollar Gains on Aussie for 6th Straight Session
With growing investor demand for the U.S. Dollar, the Australian Dollar slipped in Asian trading today, closing lower for the 6th straight trading session and striking a new 11-week low. As reported at 5:00 p.m. (AEDT) in Sydney, the Australian Dollar traded at $0.8759; on Tuesday, it closed at $0.8794
U.S. Dollar Gains against Yen/Euro on Higher Treasury Yields
In Tokyo trading today, the U.S. Dollar continued to gain versus the Japanese Yen, touching on a 2-month high, and the single currency Euro, which has been under recent pressure.
U.S. Dollar holds near 3-month Peak against Euro
In Asian trading today, the U.S. Dollar held close to a 3-month peak versus the Euro as market players moved to short cover their U.S. currency positions ahead of this week’s Christmas holiday.
Single Currency Euro Gains on U.S. Dollar following Failed Pakistan Coup Attempt
After three days of declines, the single currency Euro finally made some headway against the U.S. Dollar, rising to $1.4396 from $1.4338 reported yesterday in late New York trading, rebounding from an earlier low of $1.4306. The Euro’s rebound follows the release of political news from Pakistan that a coup attempt had been thwarted, reviving risk appetite for high-yielding currencies
U.S. Dollar Gains Broadly on Upbeat Fed Statement
With investors’ winding up their short positions, the U.S. Dollar rose to a 3-month peak in Asian trading today, following the Federal Reserve’s upbeat message which lent support to the greenback’s recent rebound
U.S. Dollar Steadies versus Euro on Fed Meeting Outcome
In Tokyo trading, the U.S. Dollar approached a multi-month high versus the single currency Euro in advance of the Federal Reserve statement which will be issued at the conclusion of their policy meeting later today. Investors are hoping the statement will provide clues as to when the administration will start withdrawing its current loose monetary policy.
U.S. Dollar Index Subdued in Advance of Fed Meeting Today
Markets continue to ponder the anticipated actions of the United States Federal Reserve Bank, resulting in a subdued U.S. Dollar in Asian trading today. As reported at 2:49 p.m. (JST) in Tokyo, the U.S. Dollar Index remained relatively flat, trading at 76.407 .DXY, well off the 6-week high hit last week.
Abu Dhabi aid to Dubai Boosts Euro in London Trading
With the Abu Dhabi governing announcing that it will assist Dubai with its debt repayment problems, to the tune of $10 billion in financial assistance, the single currency Euro gained against the U.S. Dollar in London trading today. Once the news was released, the U.S. Dollar declined broadly with the Euro being the immediate benefactor of Abu Dhabi’s largesse. As reported at 8:55 am (GMT) in London, the Euro gained .2% to trade at $1.4656, helped along as well by a .8% gain in share prices in the European market.
Japanese Yen Slips versus U.S. Dollar and Euro on Strong Chinese Data
The U.S. Dollar and the single currency Euro moved up against the Japanese Yen in Asian trading today on the release of strong economic data from China which showed that industrial output rose more than 19% from the same period the previous year
Australian/New Zealand Dollars Gain on Rate Rise Speculation
The Australian unemployment report beat analyst’s forecasts last month, with the jobless rate falling .1% to 5.8%, raising investor expectations that another interest rate hike from the current 3.75% will be forthcoming
Single Currency Euro Continues to Fall on Downgraded Debt
The single currency Euro continued its decline for the third consecutive day following the news that Fitch Ratings Agency had downgraded the debt rating of Greece from A- to BBB+ with the possibility of further downgrades in the future.
With Rate Hike Hopes Dashed, Dollar Drops
Investor speculation following the stronger than expected recent U.S. jobs data, that the U.S. Federal Reserve Bank might consider raising key interest rates from their historic lows, was dashed. Yesterday, confirmation came from the head of the Federal Reserve Bank, Ben Bernanke, as well as N.Y.
U.S. Dollar Slips on Japanese Profit Taking
The U.S. Dollar slipped versus the Japanese Yen in Asian trading today, as exporters from Japan booked profits after Friday’s sharp gain in the U.S. currency which was precipitated by better than predicted employment data from the United States.
The 6th Middle East Forex Trading Expo 2010 to be held in Beirut, Lebanon
Following previous successful Forex Trading events in Dubai and in response to market demand, Arabcom Group has announced the sixth event in the series. The 6th Middle East Forex Trading Expo & Conference under the theme “Trade with Confidence” will take place at Habtoor Grand Hotel, Beirut, Lebanon on 20-21 May, 2010.
Ahead of U.S. Labor Data, U.S. Dollar slips against Japanese Yen
The U.S. Dollar slipped versus the Japanese Yen in Asian trading as market players booked profits on the U.S. currency’s rebound in advance of today’s release of U.S. labor data.
Safe Haven Currencies Slip on News of Bank of America Repayment Intent
Both the U.S. Dollar and the Japanese Yen slipped in Asian trading today following the announcement by Bank of America that it intends to repay the TARP (Troubled Asset Relief Program) funds over the coming week, to the tune of $45 billion.
Japanese Yen Struggles while U.S. Dollar Steadies in Asian Trading
The Japanese Yen struggled while the U.S. Dollar held steady in Asian trading today against high-yielding currencies such as the Australian Dollar and the single currency Euro. Investors’ risk appetite was also boosted by the recent rises in the commodity and stock markets.
Japanese Yen Gains after BOJ Fails to Take Expected Action
Investor expectations were dashed when the Bank of Japan failed to take bolder measures in an effort to halt the Japanese Yen’s rise; according to the communiqué, the BOJ will be introducing a facility to provide fixed rate funds for a 3-month period at a rate of .1%.
Safe-haven Currencies Slip with Promise of Assistance for Dubai Banks
Market fears about the potential default of mounting debt in the United Arab Emirates has been assuaged, following the central bank’s move to provide emergency assistance to Dubai’s financial institutions.
Dubai Debt Worries Spur Investors to Safe-Haven Yen
The Japanese Yen continues to rise versus the U.S. Dollar, touching on its highest trade in 14 years. As reported at 3:31 p.m. (JST) in Tokyo, the Yen traded at 84.82 Yen, the highest point since 1995, before retreating to 86.05 Yen, a .6% rise on the day.
Japanese Yen Hits 14-Year Peak against Weakening U.S. Dollar
Investor speculation that Japan’s central bankers will permit the continued appreciation of the Japanese Yen led to that currency’s 14-year peak against the U.S. Dollar in trading in Asia.
U.S. Dollar Continues Slide to a New 7-Week Low Versus Yen
In Asian trading today, the U.S. Dollar fell to its lowest point in 7-weeks versus the Japanese Yen in Asian trading today. As reported at 1:53 p.m. (JST) in Tokyo, the U.S. Dollar slipped to 88.20 Yen, approaching the 88.01 Yen low of early October.
Australian Dollar Gains on Rising Commodities/Equities and Weakening U.S. Dollar
Following four downtrending days attributed to a rising stock market and record setting gold prices, the Australian Dollar finally saw broad gains in Asian trading today.
Global Equity Markets All Mixed Up
Global Equity Markets were mixed across the board yesterday. In the U.S, the DJIA recovered most of its losses after losing nearly 100 points following the poorer than expect housing data numbers.
Japanese Yen Nears 5-week Peak on Potential Changes to Capital Requirements
The Japanese Yen traded close to a 5-week peak versus the U.S. Dollar on speculation that there is growing pressure on Japan’s banks to raise capital. As reported at 6:51 a.m. (GMT) in London, the Yen was trading at 89.15 Yen against the U.S. currency, off of yesterday’s peak of 88.74 Yen in New York.
U.S. Dollar edges up Off of 15-month Low, but Downtrend Continues
The slide of the U.S. Dollar continues the 15-month downtrend in Sydney trading today, reinforced by the Federal Reserve stance to maintain the status quo. On Monday, the Chairman of the U.S.
Chinese Yuan Rhetoric Heats Up while U.S. Dollar Index Falls
The “official” rhetoric regarding the possible appreciation of the Chinese Yuan continues while market players’ belief of the same receded.
U.S. Dollar Holds onto Gains on Profit-taking
As reported at 10:23 am in Sydney, the U.S. Dollar held onto small gains in Friday’s Asian trading following another round of investor profit-taking.
Australian Dollar Establishes 15-month High on Positive Data
Buoyed by better than expected jobs data and firmed commodity prices, the Australian Dollar reached a new 15-month high versus the U.S. currency in Asian trading today.
Japanese Yen Firms on Mixed Chinese Data
The Japanese Yen moved higher in Asian trading today, gaining against high-yielders following the release of mixed economic reports coming out of China.
U.S. Dollar Nears 15-month Troughs versus High yielding Currencies
In Asian trading, the U.S. Dollar Index approached a new 15-month low versus a group of six major currencies.
Easy-Forex at the 5th ME Forex Expo & Conference
Easy Forex is pleased to announce its participation in the 5th Middle East Forex Trading Expo in Dubai on November 17-18, 2009 and invites all participants to come to booth F23 for a chance to have a personal demonstration of their Visual Trading Machine.
Kiwi surges against U.S. Dollar
Commodity linked currencies, led by the New Zealand Dollar, moved sharply higher versus the U.S. Dollar in Monday’s trading in Sydney.
U.S. Dollar relatively Flat in advance of U.S. Labor Data
The U.S. Dollar remained flat in Friday trading in Sydney as investors consolidated positions in advance of the release of non-farms payroll data due out from the U.S. Department of Labor later today.
U.S. Dollar edges up on Fed Pledge
With the continued pledge of the Federal Reserve Bank chairman, Ben Bernanke, that U.S. interest rates would remain at historic lows for the time being
The Forex Market Awaits A Decision from the Federal Reserve
The USD experienced a sharp decline on Wednesday as firmer equity and commodity rates caused a rise in demand for the euro and perceived riskier currencies, while traders awaited a significant decision from the Federal Reserve.
Ahead of Fed Statement U.S. Dollar Index Steadies
The U.S. Dollar Index held relatively steady versus major currencies in Tokyo trading today, remaining just shy of the newly established 1-month high struck during yesterday’s trading day.
Currensee Launches First Social Network for Forex Traders
Currensee Inc., the first Forex trading social network that connects traders from around the world based on real-time trades, has opened up its private beta to the public.
Aussie Loses Earlier Gains on RBA Announcement
In line with analysts’ and investors’ expectations, the Reserve Bank of Australia today increased key interest rates by 25 basis points to 3.50%, effectively eliminating earlier gains made by the Australian Dollar.
Saxo Bank (Dubai) Ltd. Participates at the 5th Middle East Forex Trading Expo
Saxo Bank, the Copenhagen based online investment trading bank which successfully launched its operation in Dubai earlier this year will be co-sponsoring and participating in the 5th Middle East Forex Trading Expo and Conference 2009 which will be held at Emirates towers on the 17th and 18th of November.
Australian Dollar up versus Japanese Yen in advance of anticipated RBA Rate Hike
With foreign exchange investors anticipating that the Reserve Bank of Australia will hike key interest rates later this week, they sold off their holdings in the relative safety of the Japanese Yen to buy the Australian Dollar, precipitating the Yen’s decline from earlier gains.
U.S. Dollar Index Remains Flat as Currency Players Await More Data
With better-than-expected GDP data out of the United States released yesterday, investors are eagerly awaiting further economic data to be released today before committing to higher-yielding currencies.
Japanese Yen Climbs Broadly on Profit Taking
Profit taking helped spur the Japanese Yen higher against a number of currencies in Asian trading today.
JPY Displays Increases Across the Board
The JPY displayed an increase across all currencies on Wednesday due to investors trimming stretched risk positions in higher-yielding currencies. The stock market also fell following U.S. Data that was weaker than expected.
U.S. Dollar Index holds Steady on Mixed Economic News
The U.S. Dollar Index continues to hold its own versus a group of major currencies, trading at 76.130 .DXY, following the 2-week high established yesterday at 76.328 .DXY.
USD A Favored Currency VS Higher Yielding Currencies
The dollar remained stable and steady on Tuesday after sharp inclines on Monday, but made very small forward progress as investors ceased from selling the euro and other higher-yielding currencies. On Monday, the euro dropped the most since early August, with a close to 1 percent dip.
U.S. Dollar Steadies in Asian Trading Ahead of U.S. Economic Reports
The U.S. Dollar continued to hold steady in Tokyo trading after seeing sharp gains in yesterday’s trading, gains which resulted from an increase in Treasury yields yesterday to the highest level over the past 2-months, all of which helped to prop up the U.S. currency.
Investors sell off USD following China Report
With the issuance of a report out of China suggesting that the central bank should increase their holdings in the Japanese Yen and single currency Euro in their foreign reserves, investors sold off the U.S. currency, driving the U.S. down to a new 14-month trough versus the Euro in Asian trading today.
IBFX to Participate in Middle East Forex Trading Expo
Interbank FX, a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading, today announced its participation in Arabcom group’s fifth annual Middle East Forex Trading Expo and Conference to be held November 17-18 at Jumeirah Emirates Towers Hotel in Dubai.
Ahead of Euro zone Data, Euro establishes new 14-month Peak before Retreating
In advance of the release of economic data from the Euro zone later today, the single currency Euro briefly hit on a new multi-month high before retreating.
China’s Strong GDP helps U.S. Dollar Index
The U.S. Dollar Index recovered from recent 14-month lows in Tokyo trading today following the release of information confirming that China’s domestic growth has grown in line with investor and analyst expectation. Third quarter GDP in China rose to 8.9%, and offered traders an excuse for profit-taking on high yielding currencies, including the Australian Dollar and the single currency Euro.
Investor Profit Taking boosts U.S. Dollar in Asian Trading
Investor profit taking on high yielding asset-based currencies helped boost the U.S. Dollar in Asian trading today.
Euro Rises to Highest Point in 14-months versus U.S. Dollar
In early trading in Tokyo, the Euro rose to its highest level versus the U.S. Dollar since August 2008, trading just shy of $1.5000.
Euro Retreats from Multi-month Peaks
Finance ministers from the Euro Zone will be meeting later today to discuss with Jean-Claude Juncker, the Eurogroup chairman, their concerns about the Euro-zone’s recovery, given the single currency Euro’s recent continued rise.
USD at A Several Month Low VS. The EUR
The USD declined to a low of several months vs commodity-based currencies and the EUR, as comments by policymakers confirmed the opinions that the U.S. interest rates would remain lower for a more extended period of time than those belonging to other large countries. The greenback hit a low of 14-month vs. the EUR as well as the higher-yielding AUD.
U.S. Dollar Slips Broadly on Interest Rate Question
Recent comments by U.S. policymakers reinforced investor belief that key interest rates in the United States will remain at historic lows, even while other countries around the globe are hiking their key rates as the recession ends.
Not Looking Good for the USD
The EUR reached a 14-month high vs the USD in Asia Wednesday as a result of the broad greenback weakness. This weakness was a result of growing expectations that the Federal Reserve is going to keep interest rates low for at least the upcoming year.
U.S. Dollar Slips Broadly in Tokyo
Continuing investor doubts about the direction of interest rates in the United States has whetted investor appetite for higher risk currencies and caused the U.S. Dollar Index to fall to a new 14-month low in Asian trading today.
In subdued trading, U.S. Dollar Index Inches Upward
The U.S. Dollar continues to struggle to make headway against other major currencies while market players take a wait-and-see stance ahead of the release of economic data from the U.S. and Germany.
U.S. Dollar Edges up broadly on Investor Hopes
With investors covering their short positions versus the Yen, the U.S. Dollar edged up slightly in Asian trading today, continuing the gains made late last week.
U.S. Dollar continues to Lose Ground on Profit Taking
As reported at 11:19 a.m. (GMT) in London, the U.S. Dollar continued to weaken in Thursday trading following better than expected jobs data from Australia, which helped to prop up the AUD.
U.S. Dollar Continues to be Under Pressure in Asia
The U.S. Dollar continues to be on the defensive in Asian trading today, following the rumor of a report suggesting that several oil-producing countries within the Gulf States are pushing for currency diversification away from the U.S. currency.
Australian Dollar Rises on RBA Rate Increase
As widely anticipated by many analysts and investors, Australia’s Reserve Bank raised a key interest rate by 25 bp to 3.25% today. Thus the RBA becomes the first central bank within the G20 to acknowledge the easing of the global fiscal crisis. As a result, the Australian Dollar rallied to $0.8876 versus the U.S. Dollar, a 14-month high. Also profiting from the RBA’s decision, the New Zealand Dollar rose to $0.7357, also a 14-month peak. An FX distribution manager in Tokyo suggested that while there may be some profit-taking in the next few days, over the longer term, the Australian Dollar will continue to gain.
U.S. Dollar Index Slips on Disappointing Data
Disappointing jobs data released by the U.S. Labor Department last Friday precipitated the U.S. Dollars continuing decline versus major currencies.
Arabcom Group to hold the 5th Middle East Forex Trading Expo & Conference 2009
Arabcom Group will host the fifth edition of the Middle East FOREX Trading Expo & Conference, the only event of its kind, on November 17-18, 2009 at Jumeirah Emirates Towers Hotel, Dubai.
U.S. Dollar Holds Steady in Advance of U.S. Labor Data Release
Before the expected release later today of non-farms payroll data from the United States Labor Department, the U.S. currency traded flat versus a group of six major currencies.
U.S. Dollar gains on Yen in Advance of Key U.S. Labor Data
The U.S. Dollar moved up versus the Japanese Yen in Asian trading today as institutional investors sought to fund their overseas investments through the purchase of the greenback.
Better than Expected Retail Sales Data props up Australian Dollar
The Australian Dollar hit a 13-month high versus the U.S. Dollar as better than expected retail sales data from Australia provided mounting evidence that an interest rate increase could be forthcoming before year end. Speculators believe that, as early as November, the Reserve Bank of Australia will likely move to increase key interest rates.
Fujii’s Comments continue to Cause Yen Swing
Hirohisa Fujii, the Finance Minister for Japan, recanted earlier statements about the Japanese government not intervening in a strong Japanese Yen.
Japanese Yen Gains/Falls on Fujii Comments
Conflicting comments by the Japanese Finance Minister lead to the Yen’s rise and fall in Asian trading today.
With Promise by G20 leaders, U.S. Dollar Slips
A draft communiqué to be issued by the G20 leaders is promising that they will keep current emergency measures in place in an effort to shore up the global economies until such time as the recovery is solid.
U.S. Dollar Continues Slide following Federal Reserve Meeting
With the conclusion of the 2-day meeting of the Federal Reserve FOMC yesterday, currency investors sold off their low-yielding U.S. Dollar with the belief that the Federal Reserve Bank has no intention of raising interest rates any time in the near future.
U.S. Dollar Falls to new 1-year Low versus New Zealand Dollar
With growing optimism over the bettering health of the world’s economies, investors shed themselves of the low-yielding U.S. Dollar, plunging the greenback to its lowest levels in a year, in favor of higher yielding, asset-based currencies such as the New Zealand Dollar, as well as the Euro.
U.S. Dollar slips broadly on Resumption of Dollar Selling
Ahead of the U.S. Federal Reserve Federal Open Market Committee meetings which will be held later today and continue through tomorrow, the U.S. Dollar slipped broadly as investors took advantage of gains in earlier sessions.
U.S. Dollar Rises broadly in Advance of Key Meetings
As reported at 12:58 p.m. in Sydney trading today, the U.S. Dollar rose in light Asian trading, continuing the greenback’s rebound from Friday’s trading in New York.
U.S. Dollar Makes Slight Gains against Euro after 1-year Low
With investors covering their short positions, the U.S. Dollar made gains against the single currency Euro in Friday’s Tokyo trading, off of the 1-year low touched on yesterday.
U.S. Dollar Slips versus Australian Dollar and Other Growth-linked Currencies
The Australian Dollar hit a 1-year peak versus the U.S. Dollar in Tokyo trading today, supported by investors’ who are turning to the higher-yielding currency following continued evidence of the bettering health of the world’s economies.
Japanese Yen gains on U.S. Dollar after Comments by New Japanese Finance Minister
As reported at 8:56 a.m. (BST) in London, the Japanese Yen moved up against the U.S. Dollar in trading today following comments made by the newly appointed Japanese Finance Minister, Hirohisa Fujii, who pointed out that there are benefits and advantages to the Japanese economy if the Yen is strong, provided that currency movements are gradual.
U.S. Dollar Mixed in Tokyo Trading as Investors Await Economic News
With investors waiting for the release of retail sales figures from the United States, the greenback was mixed in Tokyo trading today.
Strong Chinese data suppresses U.S. Dollar
With China’s industrial output figures showing better-than-expected improvement last month, the U.S. Dollar Index slipped to a 1-year low versus a basket of major currencies in Asian trading today.
U.S. Dollar Holding Near 1-year Low
The U.S. Dollar continues to be on the defensive in Tokyo trading today, remaining poised near its lowest price this year.
U.S. Dollar Struggles Broadly as Investor Risk Appetite Fueled
As reported at 3:21 p.m. (JST) in Tokyo, the U.S. Dollar is struggling to recover from its lowest point versus commodity-linked currencies such as the New Zealand and Australian Dollars. Versus the single currency Euro, the greenback is floating close to its lowest price this calendar year as investors shift their funds into higher-yielding, albeit higher-risk currencies.
Australian and New Zealand Dollars Hold Near 1-year Highs in Asian Trading
With investors trimming their buy positions, growth-linked, generally high yielding currencies, came close to approaching their 1-year high versus the Japanese Yen. Appetite for higher risk assets such as the New Zealand and Australian Dollars was somewhat lukewarm in Asian trading today, as investors wait for the U.S. market to reopen following a national holiday yesterday.
American Unemployment Mixed as US Markets Closed for National Holiday
The USD and JPY were weaker on Monday while the commodity-linked AUD hit a one-year high after investors focused their attention on the full half of the cup regarding a mixed U.S. payrolls report.
Positive Australian Economic Data Lifts AUD, Forces JPY Back Down
The recent release of Gross Domestic Product data from Australia indicated that the country’s economic growth was better and faster at .6% than had been originally expected for the second quarter of 2009, helping to prop up the Australian Dollar versus the Japanese Yen which was forced to retreat from a 6-week high versus the AUD.
Japanese Yen holds steady, as Aussie slips on RBA Dovish Position
The Japanese Yen is continuing to hold near 7-week highs versus the U.S. Dollar in Asian trading in Tokyo today, as investors take a wait-and-see approach to determine whether or not the incoming Democratic party would result in positive change for the Japanese economy.
Following Democrat’s win, Japanese Yen hits 7-week high
With Japan’s opposition party winning yesterday’s election in Japan, the Japanese Yen touched on a 7-week peak against major currencies. Versus the U.S. Dollar, the Japanese Yen traded at 92.54 Yen, a gain of nearly 1% on the EBS trading platform.
U.S. Dollar mixed after N.Y. Sell-off
In Friday’s trading in Tokyo, the U.S. Dollar traded mixed. As reported at 3:17 p.m. (JST), the U.S. Dollar Index, which is a measure of the greenback’s value versus a group of major currencies, edged up to 78.089 .DXY, an increase of .1%.
Japanese Yen Rises Broadly as Risk Rally Wanes
Concerned investors, worried that the recent rally in high-risk currencies has reached an end, moved back into the safe-haven of the Japanese Yen, pushing the Yen up broadly in Asian trading today.
On Continued Shanghai Volatility, Dollar and Yen Slip
Returning earlier gains, both the U.S. Dollar and the Japanese Yen declined in Asian trading today, as the volatility of China’s share prices rose, prompting investors to move back into commodity-linked, high yielding currencies.
Japanese Yen up broadly on falling Asian Shares
As reported at 2:34 p.m. (JST) in Tokyo, the Japanese Yen saw broad gains in Asian trading today as share prices fell and risk appetite for higher-yielding currencies waned.
Japanese Yen slips broadly on Increased Risk Appetite
As reported at 9:03 a.m. in London, the Japanese Yen fell against both the single currency Euro and the U.S. Dollar as gains in equity markets whetted risk appetite and pointed investors toward high-risk/high-yield currencies.
Japanese Yen Gains broadly on Chinese Share Prices
Chinese share prices again are providing the momentum for the Japanese Yen’s movement versus other major currencies, as investors worry about the possibility of continued weakness in the market, and moved out of higher-risk currencies.
Demand for risk spurs Yen’s Broad Slide
A recovery in global share prices whetted the risk appetite for high-yielding currencies and pushed the Japanese Yen down in trading today.
As Chinese Share Prices Slip, Japanese Yen Rises
As reported at 3:30 p.m. (JST) in Tokyo, a 2.4% fall in share prices in Asia has helped to push the Japanese Yen higher in Shanghai trading today as cautious investors continue to be apprehensive about returning to their high-risk currencies and trimmed their short positions in the Yen.
Japanese Yen slips Broadly
As reported at 2:44 p.m. (JST) in Tokyo, the Japanese Yen slipped in choppy Asian trading today, falling from the highest levels hit so far this month versus both the single currency Euro and the U.S. Dollar, and experiencing diminished returns versus other commodity-linked currencies.
Dollar Slips after Federal Reserve Meeting
The Federal Reserve Bank of the United States concluded its policy meetings yesterday, and investors took their less-than-glowing report of the health of the U.S. economy as an indication that there is still a long way to go.
With All Eyes on Federal Reserve, Yen Rises Broadly
With the nearly 3% fall of share prices on the .SSEC in China, investors liquidated their Yen short positions in advance of the conclusion of the Federal Reserve policy meetings and the expected policy statement release later today.
U.S. Dollar mixed against the Euro/Pound Sterling
The U.S. Dollar held steady versus the single currency Euro in London trading, while investors debated whether or not the greenback could continue the rally on the heels of the report last week of lower-than-expected job losses in the United States in July.
U.S. Dollar slips Broadly Ahead of England/Europe Central Banks Policy Decisions
As reported at 8:23 a.m. (BST) in London, the U.S. Dollar held steady versus the Pound Sterling and the single currency Euro, staying close to multi-month lows while investors take a wait-and-see approach to policy decisions expected from the Bank of England and the European Central Bank (ECB).
U.S. Dollar Continues to Slide on Improved Economic Outlook
The U.S. Dollar remains near the lowest price of the year versus the single currency Euro in Asian trading today, generally attributed to improvement in the overall health of the global economies.
Australian Dollar gains after Reserve Bank Policy Meeting
The Australian Dollar approached a 10-month high versus the Japanese Yen and the U.S. Dollar following the news from the Australian central bank that key interest rates would remain unchanged.
NFA New First in First out Rule is Implemented
The new FIFO regulation issued by the NFA has officially come into effect. If you are not familiar, you need to read about it here and adjust your trading accordingly.
U.S. Dollar Index Slips to Lowest Price of the Year
With the global markets awaiting a surfeit of economic data out of the United States, the U.S. Dollar Index closed in on the lowest point of the year versus a basket of six major currencies in Asian trading today.
Dollar Index slips on China Central Bank Comment
Yesterday, Su Ning, the Vice Governor of China’s central bank commented that they had no intention of tightening the country’s money supply and would be using market tools rather than quota styled controls as they are continue to work toward repairing China’s economy.
Yen Gains while Dollar Steadies as Investors await news
As reported at 2:42 p.m. (JST) in Tokyo, the U.S. Dollar steadied against major currencies, very near to the lowest trade of this year.
Upbeat U.S. Economic Data drive Investors to Euro
Good economic news out of the United States drove investors back into higher risk, higher yielding assets giving the Euro a push to an 8-week high against the U.S. Dollar in Tokyo trading today.
Dollar Yen Steadies ahead of Release of U.S. Gross Domestic Products Figures
The U.S. Dollar and Japanese Yen, as well as other major currencies, managed to hold steady in Asian trading today as the markets await the release of figures on the U.S. GDP, a measure of how well the economic health of the world’s largest economy is faring.
Japanese Yen up Broadly
Much improved housing market data from the U.S. and mixed corporate earnings reports helped to push the Japanese Yen up broadly in Friday’s trading in Asia. U.S. housing data indicated that existing home sales continued to climb for the third straight month and housing prices are at their highest levels in more than 9 months.
USD and JPY slide on mixed corporate results, improved risk appetite
Following a second day of Congressional testimony by Ben Bernanke, the Federal Reserve Chairman, as well as the release of mixed U.S. corporate earnings results, the U.S. Dollar fell broadly in Asian trading, nearing a 7-week low versus the single currency Euro and slipping against a basket of six major currencies.
NFA FIFO Reminder
As I am sure you know, the NFA recently announced the new FIFO (First In First Out) ruling that is to come into effect on August 2nd.
USD and JPY Benefits from Bernanke Testimony
Ben Bernanke, the Chairman of the United States Federal Reserve Bank, in testimony to the U.S.
Bernanke Testimony Awaited, U.S. Dollar Inches Upward
As the market’s wait to hear Congressional testimony from Ben Bernanke, the Chairman of the U.S. Federal Reserve Bank, the U.S. Dollar struggled off of a weeks-long low in Tokyo trading.
Rising Appetite for Risk pushes down U.S. Dollar
As reported at 9:31 a.m. in London, the U.S. Dollar slipped against major currencies, touching on a 6-week low versus the single currency Euro as investors move back into higher risk, higher yielding currencies.
Japanese Yen sees Broad Gains, IDR Declines following Indonesian Hotel Bombing
As reported at 2:55 p.m. (JST) in Tokyo, the Japanese Yen saw broad gains in Asian trading this morning, following the news of two hotel bomb blasts in Jakarta
Japanese Yen gains on Investor Profit Taking
The Japanese Yen saw gains across the board in Tokyo trading today on investor profit-taking of perceived higher-risk currencies.
U.S. Dollar Index slips on Better-than-Expected Earnings Reports
In early morning trading in London, the U.S. Dollar Index fell versus a group of six major currencies, touching on its lowest price in almost two weeks,
Japanese Yen declines on encouraging news from Goldman Sachs
Investor optimism over the Goldman Sachs earnings report which is expected to be released later this week has precipitated the fall of the Yen versus the U.S. Dollar and the single currency Euro in trading in Asia today.
JPY and USD see Broad Gains on Equity Market Decline, Falling Oil Prices
The Japanese Yen enjoyed broad gains in subdued early London trading, while the U.S. Dollar fared well against high-risk currencies on continued investor worries
Japanese Yen gains on Euro in Cautious Trading
The Japanese Yen was able to reverse some of yesterday’s losses, gaining on the single currency
Japanese Yen Slips versus Euro/USD on Profit Taking
Profit taking in Asian trading has pushed the Japanese Yen down from multi-month highs, which had been hit in overnight trading, versus the single currency Euro and the U.S. Dollar.
Japanese Yen gains broadly on Growing Risk Aversion
The Japanese Yen has gained strong momentum versus the single currency Euro and the U.S. Dollar in early trading in Asia today, as investors speculate that a withdrawal in higher risk assets may result in the Yen’s continued uptrend.
Japanese Yen gains versus U.S. Dollar and Euro on Diminished Optimism
As reported at 3:07 p.m. (JST) in Tokyo, the Japanese Yen gained versus the Pound Sterling and the single currency Euro in Asian trading today on growing investor concern that the global economic recovery track was overstated.
U.S. Dollar and Japanese Yen rise on continued Global Economic Concerns
Both the U.S. Dollar and the Japanese Yen saw gains in Asian trading in Tokyo today as the dismal labor data coming out of the United States last week continues to raise investor doubts about a quick turnaround of the global economies.
Euro edges Back on U.S. Labor Data Sell Orders
Following a deluge of sell orders, coupled with the latest report on U.S. labor data, in Friday’s trading in Tokyo, the Euro managed to edge back from lows hit earlier this week on the EBS platform.
Euro Edges up on Poor U.S. Consumer Confidence Data
Yesterday’s disappointing reading in U.S. consumer confidence suppressed investor risk appetite and prevented the Euro from holding onto a 3-week high versus the U.S. Dollar in Monday’s trading.
U.S. Dollar Slips Broadly in Asian Trading
The U.S. Dollar fell in Asian trading today as improved Euro zone sentiment, together with higher share and oil prices, combined to spur on investor risk appetite.
U.S. Dollar has Broad Recovery in London Trading
The U.S. Dollar recovered slightly in London trading today following last week’s decline when Chinese officials renewed their plea for an ending to the Dollar’s stronghold as the single reserve currency.
U.S. Dollar holds steady following FOMC meeting
As reported at 9:25 a.m. (BST) in London, the U.S. Dollar remained relatively flat in currency trading following yesterday’s intimation by the Federal Reserve Bank that the current program of quantitative easing would not be changed in the near term.
U.S. Dollar Tumbles ahead of FOMC Meeting
Ahead of the Federal Reserve Treasury auction scheduled for later today, the U.S. Dollar tumbled sharply on investor concerns that the Federal Reserve will have to increase key interest rates before the year’s end.
Japanese Yen makes Broad Gains on Investor Concerns
In London trading today, the Japanese Yen made gains against major currencies, touching on a 3-week high versus the U.S. Dollar and a 1-month high versus the Euro.
Euro slips versus U.S. Dollar and Japanese Yen
In London trading today, both the U.S. Dollar and the Japanese Yen made gains on the single currency Euro, while other commodities-linked currencies also suffered declines on continuing investor concerns over the global economic outlook.
U.S. Dollar steadies in Asian Trading
Ahead of the U.S. Federal Reserve meeting to be held next Tuesday, the U.S. Dollar is holding steady at $1.3933 versus the Euro in Asian trading today, remaining close to yesterday’s low of $1.3986 on the EBS trading platform.
Euro move up against JDY and USD
As reported at 3:10 p.m. (JST) in Tokyo today, the Euro made gains against the U.S. Dollar and the Japanese Yen. Earlier this week, the U.S. Dollar dropped versus major currencies as investors continued to unwind their safe-haven positions in the U.S. currency in light of the waning global economic crisis.
Japanese Yen makes Broad Gains on Investor Wariness
As reported at 2:34 p.m. (JST) in Tokyo, the Japanese Yen made broad gains today after stock markets around the globe tumbled resulting in investors hedging their bets on higher risk currencies, including the New Zealand and Australian Dollars which had seen 8-month highs in recent weeks.
U.S. Dollar gains on Investor Profit Taking
As reported at 2:53 p.m. (JST) in Tokyo, the U.S. dollar made gains across the board in today’s trading. Analysts are attributing the greenback’s rise to investor profit taking on riskier currencies, following the conclusion of the G8 meeting of finance ministers which was held this past weekend.
U.S. Dollar Index Edges up on Investor Profit Taking
With investors moving to cover their short positions, the U.S. Dollar edged up versus a group of six major currencies in Friday’s trading.
USD slips broadly on Treasury Auction News
With U.S. treasury yields hitting their highest price in nearly 8 months yesterday, the U.S. Dollar slipped versus a group of six major currencies, paring down earlier gains.
U.S. Dollar Slips as Investors Take on More Risk
As reported at 9:40 a.m. (BST) in London, the U.S. Dollar slipped slightly in early morning trading today as investors move back into risky, higher-yielding currencies.
U.S. Dollar Continues Making Broad Gains
The U.S. Dollar continues earlier gains versus major currencies but was held in check below a recent 2-week high following the recent release of U.S.
U.S. Dollar holds on to Friday’s Gains on Treasury Yield Increase
Versus a basket of major currencies, the U.S. Dollar was able to hold on to the sharp gains it made last Friday, as the yields on the 2-year and 10-year U.S.
U.S. Dollar slips ahead of U.S. Labor Report Release
The U.S. Dollar slipped slightly versus a group of major currencies in Friday’s trading in Tokyo, as investors move their investments out of perceived safe haven currencies and into high yield currencies.
U.S. Dollar continues to slip on increased risk appetite
The U.S. Dollar continues to struggle against major currencies, hitting an 8-month low versus the Pound Sterling and a 9-month low versus the Australian Dollar, following the release of yesterday’s better-than-expected housing data out of the United States.
U.S. Dollar finally Firms, Following Series of Declines
The U.S. Dollar has finally steadied in today’s trading, following a series of lows versus numerous currencies. Yesterday, the U.S. Dollar touched on the lowest price of the year versus the Euro, trading at $1.4246 on the EBS platform.
U.S. Dollar slips on Increased Investor Risk Appetite
The U.S. Dollar slipped broadly today inching back toward a 5-month low versus the Pound Sterling, the single currency Euro and those currencies which are tied to commodities.
Japanese Yen slips broadly on Investment Fund Launching
As reported at 12:57 p.m. in Tokyo, the Japanese Yen slipped against major currencies in trading today, continuing the declines from yesterday.
Forex Outlook-May 25th
It’s Memorial Day in the US, so forex trading will start quite slowly. German Ifo Business Climate and the BOJ Monthly Report will stand out.
Investor Worries on U.S. Debt Rating Continue to Burden U.S. Dollar
The U.S. Dollar continued its slide, hitting a new 5-month low versus a basket of six major currencies...
Yen regains Losses on Stoppage of High Yielder Rally
In Wednesday trading in Tokyo, as reported at 3:12 p.m. (JST), the Japanese Yen moved up versus the U.S. Dollar...
Risk Hungry Investors Forego Japanese Yen on U.S. Stock Rally
The Japanese Yen again slipped broadly in trading as reported at 3:45 p.m. (JST) in Tokyo today, on the heels of a rally in Tokyo share prices...
U.S. Dollar and Japanese Yen see Gains on Closure of High Risk Positions
As reported at 12:15 p.m. in Tokyo today, the U.S. Dollar made gains versus a group of six major currencies; it traded up .2% from Friday’s late trade of 83.161 .DXY in the United States.
U.S. Dollar Holds Steady versus Major Currencies
In early trading in Tokyo today, the U.S. Dollar defended its position, remaining near its recent 4-month low versus major currencies, following a boost in the U.S. stock markets.
U.S. Dollar and Japanese Yen see Gains on U.S. Retail Sales Slump
As reported at 5:08 p.m. (JST) in Tokyo, the U.S. Dollar and Japanese Yen both managed to hold on to their recent gains following the release of retail sales reports coming out of the United States...
U.S. Dollar Touches on 4-month Low Versus Major Currencies on Downgrade Threat
In early morning trading in London today, the U.S. Dollar touched on its lowest price in four months following the release of a media report detailed in the U.K. F
Sterling sees Broad Gains on Positive Reports
As reported at 9:06 a.m. (BST) in London, the Pound Sterling made gains against a weak U.S. Dollar and held steady versus the Japanese Yen in Tuesday’s early morning trading in London.
U.S. Dollar Slips VS Euro/AUD
As reported in Tokyo at 4:50 p.m. (JST), the U.S. Dollar slipped in Monday’s trading, touching on the lowest trade in nearly 7 weeks versus the single currency Euro, and a near 7-month low versus the Australia Dollar.
Top Broker, AvaFX Releases Game Changing Auto Trader
AvaFX, who we consider to be a top Forex broker has recently released a new product called the AvaFX Auto Trader...
Dollar Index Slips in Advance of U.S. Jobs Report
The U.S. Dollar lost ground in London trading today ahead of the 12:30 p.m. (GMT) release of the non-farm payroll report from the U.S. Labor Department.
Australian Dollar gains versus Japanese Yen
As reported at 3:43 p.m. in Tokyo trading today, the Japanese Yen slipped versus other major currencies...
Bank of America Stress Test Result prompts Caution
The U.S. Dollar saw some gains versus the Euro following the release of the results of the stress test recently done on the Bank of America.
Australian Dollar buoyed on RBA Position
Australia’s Reserve Bank kept its benchmark interest rate unchanged today at the historic low of 3%, which helped to shore up the Australian Dollar, following investor profit-taking on recent gains.
Forex Morning Update: Dollar & Yen Weaker on Risk Appetite
The Dollar and Yen fell in the Asian session as signs the global recession is easing, prompted traders to take on higher risks.
Increased Risk Appetite suppresses Dollar and Yen
As reported at 9:17 a.m. (AEST) in Sydney, the U.S. Dollar and the Japanese Yen continued to extend their reported losses of last week during today’s trading following the release of improved global economic data.
Japanese Yen Slips While Investor Confidence Increases
As reported at 4:07 p.m. (AEST) in Sydney, the Japanese Yen dropped to a 2-week low versus the single currency Euro...
U.S. Economic Outlook boosts Investor Confidence, Leads to Yen Slippage
The Japanese Yen fell broadly versus major currencies in Tokyo trading today...
Japanese Yen Falls ahead of Release of U.S. Economic Reports
As reported at 4:02 p.m. (AEST) in Sydney trading the Japanese Yen and the U.S. Dollar both fell on the slight ebbing of risk aversion
CURRENCIES: Swine-flu Worries Buoy The Dollar And The Yen
The dollar and Japan's yen extended recent gains Tuesday, bid higher as currency investors continued to seek safe havens for their money amid rising worries over the potential for a full-fledged pandemic of the swine flu.
Yen makes Broad Gains on Continued Swine Flu Concerns
Concerns about the recent increase in global reports of confirmed swine flu deaths have compelled investors to further reduce their positions in risky currencies.
Swine Flu Worries Forex Markets
Concerns over the increasing death toll from persons infected with the swine flu has caused the Mexican peso to fall more than 2% in early Asian trading, while propping up the Japanese Yen and the U.S. Dollar.
Yen Rises on Concern U.S. Slump Deepening, Swine Flu Spreading
The yen rose to a four-week high against the dollar after Lawrence Summers said the U.S. economy will keep shrinking...
Unwinding Yen spurs broad gains
The Japanese Yen reached its highest level in nearly a month versus the U.S. Dollar in trading today...
On Equity Markets Rebound, Yen Drops versus Major Currencies
At 4:32 p.m. (JST) in Tokyo, it was reported that the Japanese Yen lost early gains in trading...
Euro/dollar hits 1-month low on weaker shares
The euro fell to a one-month low against the dollar, while higher-yielding currencies also came under selling pressure...
Yen shows Broad Gains
As reported at 2:43 p.m. in Tokyo today, the Japanese Yen showed broad gains in trading, as the hope of a rebound from the Euro and other commodity currencies slimmed.
Japanese Yen backs off 1-month
As reported at 3:32 p.m. (JST) in Tokyo, in trading today, the Japanese Yen dropped from an earlier 1-month high versus the Euro...
Euro Tumbles Broadly in London Trading
As reported at 12:01 p.m. in London, the Euro took a tumble to a 1-month low versus the U.S. Dollar
Euro Slips against Japanese Yen and U.S. Dollar, Following ECB Head Comments
The Euro slipped versus the U.S. Dollar and the Japanese Yen in early morning trading in London today...
Yen Drops, while Sterling Briefly Hits 3-month High
As reported at 5:00 p.m. (JST) in Tokyo, the Japanese Yen lost ground versus major currencies in today’s trading
Investors await RBA Decision; USD/JPY see Gains
The Japanese Yen and the U.S. Dollar both made gains in trading today, as investor optimism propelled a recent stock market rally
U.S. Dollar and Euro See 6-month High Gains versus Japanese Yen
As reported at 2:59 pm (JST) in Tokyo today, investors’ appetite for risk forced the Japanese Yen to fall
U.S. Dollar / Japanese Yen Trims Losses Ahead of U.S. Job Data
As reported at 3:07 p.m. (JST) in Tokyo, the Japanese Yen and the U.S. Dollar both fell to their lowest levels...
Ahead of G20 and ECB Meetings, Major Currencies Remain Steady
As reported at 10:30 a.m. (JST) in Tokyo today, the major world currencies -- the Euro, U.S. Dollar and the Japanese Yen – remain virtually unmoved today
U. S. Dollar and Japanese Yen Rise on GM Bankruptcy Report
On April 1, 2009 at 3:25 p.m. (JST) in Tokyo, the U.S. Dollar and the Japanese Yen rose...
U.S. Dollar on Track for Strong First Quarter; Yen Drops at Japanese Fiscal Year End
As reported at 3:53 pm (JST) in Tokyo today, the Japanese Yen took a fall versus other major currencies
Euro Falls against the U.S. Dollar
As reported at 1:03 p.m. (JST) on March 30, 2009 in Tokyo, the U.S. Dollar rose against major currencies, as comments about the Euro zone weaker stock markets and fiscal responsibility undermined recent confidence in the market and favored the U. S. Dollar as a safe-haven currency.
U.S. Dollar Declines versus Euro on Auto Plan Speculation
As reported at 4:04 p.m. (JST) in Tokyo, the U.S. Dollar lost ground versus the Euro, eliminating the gains made this week on speculation that the demand for the Greenback will be reduced if President Obama announces that U.S. auto makers will be getting further aid from the federal government.
U.S. Dollar Rebounds while Japanese Yen Slips
As reported at 12:29 p.m. (JST) on March 26, 2009 in Tokyo, the U.S. Dollar rose against the Japanese Yen, rebounding from lows hit following U.S. Treasury Secretary’s comments that he was open to the idea of more extensive use of the IMF’s Special Drawing Rights.
Japanese Yen Makes Gains against Euro, Other Currencies
On March 25, 2009, as reported at 3:42 p.m. (JST) in Tokyo, the Japanese Yen climbed against the Australian Dollar and the single currency Euro as the Asian currency got some relief after its fall the previous day.
Stocks Gain, Yen Falls
As reported at 12:55 p.m. (JST) on March 24, 2009 in Tokyo, the Japanese Yen fell broadly to hit a 5-month low versus the Euro and a more than 4-month low against the Australian Dollar
U. S. Dollar Drops following Toxic Assets Purge Announcement
As reported at 9:28 a.m. GMT on March 23, 2009 in London, the U.S. Dollar continued to sag as risk appetite improved after details of a U.S. arrangement to remove so-called toxic assets from banks’ balance sheets was revealed.
A Test of Wills
Last weekend, Ben Bernanke took an unprecedented gamble for a sitting Fed Chairman: he granted a long-form interview to 60 Minutes, America 's most watched news program.
Federal Reserve Decision drops USD
As reported at 2:52 pm (JST) on March 19, 2009 in Tokyo, the U.S. Dollar climbed higher after suffering its biggest single day plunge in more than 20 years as the Federal Reserve surprised investors by announcing that it would put more money into the financial system by buying long-term Treasuries.
Euro Hits 11-month High before Retreating
As reported on March 17, 2009 at 12:20 pm (JST) in Tokyo, the Euro was close to the recent 1-month high against the U.S.
Single Currency gains against Japanese Yen
As reported at 3:06 pm (JST) on March 17, 2009 in Tokyo, the Euro moved back towards an eleven-week high against the Japanese Yen and a 5-week high versus the U.S.
Demand by Japanese Importers Boosts U.S. Dollar
As reported at 2:56 p.m. (JST), on March 16, 2009 in Tokyo, the U.S. Dollar rose broadly today, with investors looking ahead to this week’s policy meeting by the Federal Reserve Bank, following the recently ended meeting by the Group of 20 finance ministers.
Single Currency Gains against Swiss Franc
As reported at 2:59 p.m. (JST) in Tokyo on March 13, 2009, the Single Currency rose to a 2-month high versus the U.S. Dollar.
Japanese Yen gains Against U.S. Dollar
As reported at 1:19 pm (JST) on March 12, 2009 in Tokyo, the Japanese Yen rose by more than 1% against the U.S. Dollar, adding to its steep gains yesterday. Meanwhile the N.Z.
Japanese Yen Stumbles on Weak Economic Data
As reported at 8:56 a.m. on March 9, 2009 in London, the Japanese Yen fell broadly as more gloomy Japanese economic data intensified concerns about the extent of the severity of the economic downturn.
USD Falls as Investors Worry about Job Data
On March 6, 2009 in Tokyo trading, the USD tumbled, retreating from a 3-year peak versus a basket of currencies reached earlier this week, as investors prepare for data which is expected to confirm that last month, U.S. job losses increased significantly.
Euro Falls as Investors Speculate that ECB will Reduce Rates Further
Today in London, the Euro fell to its lowest level in 3 months against the USD on speculation that the President of the European Central Bank is likely to indicate that interest rate in the Euro Zone will keep reducing.
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