Forex News
Friday, February 5th, 2010
The euro rose off 15-month lows today as the Swiss National Bank sold francs for euros during Asian trading. The euro has been under pressure for the last month hitting lows against a host of major currencies, but took a swift leap as the SNB stepped in.
The euro rose 0.6% against the franc to 1.4730 [...]
Posted in Euro, Forex News, National Bank, Swiss Franc, US Dollar | No Comments »
Thursday, November 12th, 2009
The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows [...]
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Friday, October 2nd, 2009
The yen rose against the euro and dollar on Friday, as investors move from riskier currencies after a stream of bad US economic data. Things may get worse for the greenback later today as key US employment data is released, and if poor may accelerate the yen’s gains.
The yen saw a gain of 0.2% against [...]
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Tuesday, September 22nd, 2009
The dollar took another fall on Tuesday propelling the euro to a one year high against the US currency, as investors resumed selling ahead of the Federal Reserve’s monetary meeting later on this week.
Analysts believe that the fall of the dollar is also due to the Group of 20 summit to be held this week [...]
Posted in Euro, Forex News, Swiss Franc, US Dollar, Yen | 1 Comment »
Friday, September 18th, 2009
The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy [...]
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Tuesday, August 4th, 2009
The euro dropped slightly today against the dollar as better than expected data pushed oil and commodity prices higher. The euro ended the session 0.2% down at $1.4387 against the dollar after a nine month high of $1.4445 reached on Monday.
The yen also saw a rise against a host of major currencies, including rising 0.2% [...]
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Tuesday, July 28th, 2009
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 [...]
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Tuesday, July 21st, 2009
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 [...]
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Monday, July 6th, 2009
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 [...]
Posted in Euro, Forex News, US Dollar | 1 Comment »
Thursday, June 18th, 2009
The Swiss franc was bolstered today as the Swiss National Bank kept interest rates at a record low. This rose the Swiss franc to a one month high against the euro, whilst sterling fell sharply after weak UK sales figures were released.
The euro’s fall helped prod the dollar up as the dollar index rose by [...]
Posted in Forex News, Sterling, Swiss Franc | No Comments »