Forex Forecast News
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Euro still down as QE3 hopes dwindle
31 Aug at 9 AM
News Item Link: Euro still down as QE3 hopes dwindle
The euro declined by a little again yesterday as hopes that Federal Reserve chair Ben Bernanke will announced QE3 at the Jackson Hole meeting begin to wane. The single currency was only down 0.1 per cent, however, and generally there was little movement in the markets as investors continue to hold on until today’s meeting, the ECB policy...
Euro exchange rate up again after three session drop
29 Aug at 9 AM
News Item Link: Euro exchange rate up again after three session drop
After declining for three sessions since Thursday, the euro rallied against the dollar again yesterday amid continued fears of more quantitative easing in the US and hopes that the European Central Bank will begin buying bonds from Spain and Italy.
Investors are also looking towards the end of the week when Fed chairman Ben Bernanke will...
Rupee down on oil demand
28 Jun at 9 AM
News Item Link: Rupee down on oil demand
The Indian rupee fell on Wednesday, remaining close to record low levels, as oil importers increased their dollar purchases in the closing stages of the month, while wariness in the build-up to a European Union summit lowered demand for risk currencies.
Investors did not spot any intervention from the Reserve Bank of India (RBI) during the...
Euro closes in on two-week lows
26 Jun at 6 PM
News Item Link: Euro closes in on two-week lows
The euro sat on the defensive close to a two-week low versus the dollar on Tuesday due to increasing concerns that this week’s European summit would come up with no solutions to the bloc’s debt crisis.
The risk-averse mood contributed to a sharp rise in the Japanese yen following a two-month low versus the greenback, although the...
Euro drops to four month low
15 May at 6 PM
News Item Link: Euro drops to four month low
The euro fell to a new four-month low versus the dollar today after news from Greece confirming that the country will stage fresh elections after political leaders were unable to agree on forming a coalition government, reports Reuters.
In an indication of a rapid increase in risk aversion, government bonds from Germany shot up and 10-year...
Euro rises on Greek hopes
17 Feb at 6 PM
News Item Link: Euro rises on Greek hopes
The euro clung to through-the-night gains in Asia today, having gone up on the hopes that Greece was nearing agreeing a second bailout package, says Reuters.
Meanwhile, improved risk appetite saw the yen go down across the board. The euro stood at $1.3132, after it recovered from a three-week trough of around $1.2973. Traders said that any...