Forex Trading News
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Dollar inches higher against yen and euro
3 Apr at 9 AM
News Item Link: Dollar inches higher against yen and euro
The yen has dipped slightly against the US dollar as has the euro ahead of policy meetings at both the European Central Bank and the Bank of Japan. The dollar is currently trading at 93.50 yen, a rise of 0.1 per cent.
New governor of the BoJ, Haruhiko Kuroda, is expected to push forward with stimulus plans although the bar has been set...
Forex interest returns
30 Jan at 12 PM
News Item Link: Forex interest returns
Investment in foreign currencies has hit an upturn as the UK pound, Swiss franc and Japanese yen decline. Investors have been encouraged by better sentiment with regard to the eurozone.
A surge in yen trading followed an announcement by the Bank of Japan that it would be introducing measures to counter deflation on 22 January. Barclays...
Dollar down as more Fed stimulus expected
12 Dec at 9 AM
News Item Link: Dollar down as more Fed stimulus expected
Expectations that the US Federal Reserve will introduce further economic stimulus measures have seen the dollar drop against the euro. The single currency has also been strengthened by positive economic sentiment coming out of Germany.
The fourth-quarter has seen the euro strengthen by 1.2 per cent and more bond buying by the US central...
Euro rebounds from three-week trough
1 Oct at 2 PM
News Item Link: Euro rebounds from three-week trough
The euro recovered from sinking to a three-week low against the dollar on Monday as manufacturing data from the euro bloc was better than anticipated, but continued doubts about Spain’s bailout kept gains limited.
The manufacturing sector in France deteriorated dramatically last month, while Germany’s Purchasing Managers’ Index went...
Spain budget announcement sees euro stay above two-week low
28 Sep at 10 AM
News Item Link: Spain budget announcement sees euro stay above two-week low
The euro was able to hold above its two-week low versus the dollar after Spain announced a fresh budget which many market players saw as the first step towards requesting financial aid.
With the third quarter coming to an imminent end, the euro is on course to close it out with a marginal gain, but the quarter ahead is likely to see the...
Euro remains near one-week trough against dollar
26 Sep at 3 PM
News Item Link: Euro remains near one-week trough against dollar
The euro hovered close to a one-week low versus the dollar on Wednesday, held back by continued uncertainty over whether Spain will finally request financial aid.
The situation worsened in Spain on Tuesday as angry protesters took to the streets of Madrid to vent their dissatisfaction about further austerity measures which will be...
Australian dollar weakens on profit-taking
24 Sep at 6 PM
News Item Link: Australian dollar weakens on profit-taking
The Australian and New Zealand dollars weakened on Monday as profit-taking brought an end to rallies that were driven by world central banks launching stimulus moves earlier in September.
Meanwhile, the euro fell close to a low hit last Thursday due to ongoing uncertainty over Greece and Spain, while repatriation in Japan helped the yen...
Euro and Aussie bounce back
21 Sep at 10 AM
News Item Link: Euro and Aussie bounce back
The euro regained some ground on Friday, but saw its gains limited on the back of a spate of surveys that revealed business activity in the eurozone was still weak.
The single currency climbed by 0.1 per cent to $1.2986, after falling to a low of $1.2920 on Thursday. Meanwhile, the Australia dollar went up by 0.3 per cent to $1.0468, and...
Bank of Japan policy easing announcement expected soon
19 Sep at 11 AM
News Item Link: Bank of Japan policy easing announcement expected soon
The yen remained down on the dollar in Asian trading on Wednesday as speculation mounted that the Bank of Japan could be ready to ease monetary policy when its two-day meeting draws to a close later today.
Experts say that he chances the BOJ could carry out action have gone up since the US Federal Reserve announced last week that it was...
Dollar held back by Fed
17 Sep at 6 PM
News Item Link: Dollar held back by Fed
The dollar remained close to a seven-month trough versus a number of major currencies at the beginning of the week, and was expected to remain pressurised on the back of the Federal Reserve’s decision to launch monetary stimulus to prop up the US economy.
The central bank’s announcement last week that it was to carry out a third wave...