Foreign Exchange News
The US dollar hit a two month low against the euro today, as investors turned to more riskier currencies, this boosted the Australian dollar to its highest level against the greenback since September 2008.
The Australian dollar rose by 1.3% finishing the session at $0.8339 and the New Zealand dollar also ended the session at a [...]
The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for [...]
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with [...]