Main page -> Forex news

Forex news

August
24
2010
Yen Reaches New Decade Highs on Forex Risk Aversion The expectations for the worsening of the global economic situation in the developed nations fueled the risk-averting mood in the foreign exchange market, pushing the Japanese yen to the new yearly maximums today.The yen reached its new record high level against the US dollar since June 1995 and the strongest level against the euro since September...
August
10
2010
Canadian Dollar Fluctuates Before FOMC Meeting, Rises vs. Euro The Canadian dollar fluctuated against the greenback before the FOMC meeting and gained versus the euro after the stocks and crude oil rallied, boosting the currencies related to the growth.The Standard & Poor’s 500 Index rose 0.6 percent today. September delivery for crude oil rose 1 percent to $81.53 a barrel in New York. Crude oil is...
August
06
2010
Euro Falls vs. Dollar on Lower German Production The euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved.The German industrial production fell 0.6 percent in June, while the economists expected another month of the growth after the production expanded as much as 2.9 percent in...
July
27
2010
Yen Weakens on Signs of Recovery The Japanese yen declined today against the U.S. dollar and the euro as the signs of the economic recovery in the U.S. prompted the investors to leave the safe currencies in favor of the higher-yielding  ones.The Dow Jones Industrial Average rose by 1 percent yesterday after FedEx Corp., the second-largest package-shipping company in the...
July
23
2010
Britain’s GDP Data Pushes Pound Up The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even the optimistic forecasts.The pound rouse against the U.S. dollar, the euro and the Japanese yen today as the Office for National Statistics reported preliminary...
July
20
2010
Australian and N.Z. Dollars Rise on China’s Growth The Australian and New Zealand dollars rose significantly against the other major currencies today as the Chinese stock market demonstrated growth on talks that the government may easy the investment regulations.The Aussie and the loonie both rallied against the U.S. dollar and the Japanese yen today, with the former posting a second bullish day...
July
16
2010
Pessimistic Outlook for U.S. Economy Bolsters Yen The Japanese yen rose today on the speculation that the Federal Reserve would keep the interest rates at current record low level as the U.S. economic growth shows signs of the slowdown.The analysts estimated that the confidence of the U.S. consumers dropped from 76.0 to 74.2, according to the University of Michigan preliminary index, which will...
July
14
2010
Pound Goes Up on High Inflation & Retail Sales The Great Britain pound strengthened today on the speculation that the higher than expected inflation and the retail sales would cause the central bank to raise the interest rates.The annual inflation was at 3.2 percent level in June, which is lower than May reading of 3.4 percent, but still above the central bank’s limit of 3 percent. The...
July
08
2010
Great Britain Pound Falls on Concerns About Budget Cuts The Great Britain pound fell today against the U.S. dollar and some other major currencies as the macroeconomic indicators spurred the concern that the budget cuts would hurt the Britain’s economy.According to the Halifax Home Price Index, the house prices fell by 0.6% in June following a similar decline in May, while the economists expected...
July
06
2010
Euro Recovers Slightly as Equities Rise The euro rose today as the equities gained, increasing the willingness to risk among the investors and improving the general sentiment on the markets.The Stoxx Europe 600 Index rose for the first day in more than a week. The outlook for the euro remains pessimistic, though, as the European Central Bank continues to buy the government bonds to aid...
June
29
2010
Great Britain Pound Gains on Improving Confidence The Great Britain pound strengthened today after the leaders of the Group of Twenty set the budget-deficit targets, stating that they would focus on the supporting the economic growth and would try to avoid levies on the banks.The U.S. President Barack Obama said that the G-20′s target to halve the budget deficits by 2013 is in line with the...
June
21
2010
Dollar May Benefit From End of Yuan’s Peg The U.S. dollar strengthened today on the speculation that there will be less demand for the non-Asian currencies after China relax its two-year peg.This move should weaken the currencies, which benefit from the reserves diversification, especially the euro. The People’s Bank of China said that there wouldn’t be large-scale moves, the...
June
14
2010
Euro Strengthens as Industrial Production Expands The euro strengthened today against the U.S. dollar and the Japanese yen as the report was released, showing that the industrial production grew in the European Union.Eurostat, the statistical office of the European Union, reported that in April 2010 compared with March 2010, seasonally adjusted industrial production grew by 0.5% in the European...
June
08
2010
Pound Down on Concerns About Debt Crisis The Great Britain pound weakened today after Fitch Ratings stated that “UK fiscal challenge is formidable”, spurring the demand for the safety among the investors.According to Fitch Britain requires more budget cuts and needs to perform them with faster pace to avoid the budget crisis. The slump of the pound reflected the concern about...
May
31
2010
Japanese Yen Weakened by Political Turmoil The Japanese yen dropped today after the Japan’s Social Democratic Party left the coalition government, causing speculation that the political turmoil will diminish the currency’s attractiveness as the safe haven.The Social Democratic Party left the ruling coalition yesterday after Yukio Hatoyama, the Prime Minister of Japan, fired...
May
27
2010
Euro Rebounds After Decline, but Forecasts Remain Pessimistic The euro rebounded today after the yesterday’s drop despite the forecasts about possible decline to parity with the U.S. dollar and the threat of the break-up of the Euro-zone.The concerns remain, nevertheless. Unexpected Germany’s decision to ban naked short selling showed that the European Union’s nations don’t have the...
May
20
2010
Japanese Yen Rises on Signs of Economic Growth The Japanese yen gained today after the nation’s gross domestic product grew, signaling about the increasing pace of the country’s economic recovery.The gross domestic product rose at the annual 4.9 percent pace in the first quarter. This showed that the Japan’s economy is gradually recovering, as was confirmed by the Goldman...
May
14
2010
Sterling Drops on Consumer Confidence and Budget Cuts The Great Britain pound fell today against other most-traded  currencies as the consumer confidence hasn’t recovered after it tumbled in March and on the concern that the budget cuts, planned by the new government, may curb the economy’s growth.Nationwide Building Society’s consumer confidence index rose by one point to 74...
May
10
2010
Confidence in Sterling is Rising on Good Economic Data The Great Britain pound rose today against some of its most trading counterparts as the declining number of jobless claims, the improving consumer confidence and the increasing number of home-loan approvals suggested that the U.K. economy is stronger than European Union’s economy.Britain’s economy is expected to grow by 2.2 percent...
May
04
2010
Dollar Rises as U.S. Economy Improves The U.S. dollar rose today as the reports about the increasing personal income, consumer spending and manufacturing signaled about the widening U.S. economic recovery; the greenback was also supported by the speculation that the Goldman Sachs Group Inc. won’t be sued for the fraud.The personal income rose $36.0 billion (0.3 percent), while...
April
22
2010
Pound Rises vs. Euro with Increase of Mortgage Approvals The Great Britain  pound advanced against the euro today after the Bank of England reported about the higher than expected increase of the mortgage approvals in the previous month.  The number of loans for the  house purchases rose to 52,000 in the previous month, from 48,000 in February. The number of Britons willing to make a...
April
20
2010
Yen Declines with Growing Appeal of Higher-Yielding Assets   The Japanese yen’s strength was cut as the demand for the safer currencies dwindled with the decreasing instability in the markets on the speculation that the global economic recovery will widen with a greater pace. The possibility that the Goldman Sachs will be charged for fraud diminished, reducing the concern for the volatility in...
April
12
2010
Can Yen Drop as Low as 100 per Dollar? The value of the Japanese currency may drop as low as 100 yen per U.S. dollar or even more on the speculation that the unexpectedly high pace of the U.S. economic recovery may encourage the Federal Reserve to increase the interest rates faster than the Bank of Japan. The increasing gap between the U.S. and the Japans benchmark rates gave reason...
April
09
2010
Dollar May Be Bolstered by Consumer Demand The U.S. dollar declined against the euro after the concern about Greece’s budget deficit has eased, but in the same time the U.S. currency gained versus the Japanese yen and may be further bolstered by the signs of the increasing consumer demand, signaling about the recovering economy and the rising consumer purchasing capability.The...
April
07
2010
Will Self-Supporting Recovery Help Yen? The Japanese yen may rebound after its recent recessions against the majors as Masaaki Shirakawa, Governor of the Bank of Japan, expressed hope that the economic recovery, which apparently became self-supporting, will continue. The sales are increasing since the policy makers doubled the lending program for banks last month, boosting the...
April
06
2010
Dollar Appeal Declines on Riskier Assets Outlook The dollar continued to lose ground this Wednesday as appetite for risk remains predominant in trading markets worldwide this week, making investors to bet higher-yielding assets once and moving the dollar towards a weekly loss versus multiple currencies. Several events during this week determined a reversal on the U.S. dollar charts as optimism...
April
01
2010
Dollar Appeal Declines on Riskier Assets Outlook The dollar continued to lose ground this Wednesday as appetite for risk remains predominant in trading markets worldwide this week, making investors to bet higher-yielding assets once and moving the dollar towards a weekly loss versus multiple currencies. Several events during this week determined a reversal on the U.S. dollar charts as optimism...
January
12
2010
Dollar eases from 2-week high against South African rand Extending yesterday's upward trading, the US dollar advanced further against the South African rand and hit a new 2-week high of 7.5197 by about 6:30 am ET Tuesday. Thereafter, the pair reversed its direction and currently trading near 7.4481. The dollar-rand pair was worth 7.3767 at yesterday's...
January
12
2010
The British pound jumped up against the Euro and the Swiss franc The British pound jumped up further against the European common currency and the Swiss franc during New York afternoon trading on Tuesday. Presently, the pound is trading near new multi-day highs of 0.8961 against the euro and 1.6478 versus the franc from Monday's closes of 0.9008 and 1.6384,...
December
31
2009
Pound Jumps To 6-week High Against Yen The pound jumped to a 6-week high of 149.55 against the yen around 6:35 am ET, compared to 148.64 hit late New York...
December
31
2009
Indian Rupee Advanced To 3-day High Against US Dollar The Indian rupee advanced against its US counterpart in early trading on Thursday on hopes of fresh capital inflows into domestic stock markets by foreign funds. The Rupee reached a 3-day high of 46.515 against the greenback by 6:00 am...