Forex Daily

The yen fell against a host of currencies yesterday, as investors moved towards riskier assets and consumer confidence rose to its highest rate for eight months to 54.9. The dollar rose 0.4% against the yen with sterling following suit, rising to a four month high of 152.53 yen; both the euro and Australian dollar also [...]

The euro fell this morning against a hat full of currencies as traders await the latest European Central Bank (ECB) interest rate policy decision, to be released later today. Analysts are predicting that the ECB will cut rates by 25 basis points to a record low of 1 percent and announce new strategies for bolstering [...]

The Yen fell yesterday after market confidence increased in the U.S. economy. Many investors sold their shares on the Japanese stock exchange in favour of investing in the US as the US economy has been showing positive signs of growth over the last few days, largely due to increased consumer spending.

Many who feared the economic effects of swine flu and had invested in the Yen as a safe haven have also now started re-investing in the Euro and the Dollar after the swine flu virus has appeared to be less deadly than it was first suspected.