12th November 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 [...]
2nd October 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 [...]
22nd September 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 [...]
18th September 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 [...]
4th August 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% [...]
28th July 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 [...]
21st July 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 [...]
6th July 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 [...]
10th June 2009
The dollar lowered on Wednesday as investors moved from the greenback to higher-yielding assets after analysts predict that the global economy is improving. The US dollar also lost ground over speculation that the Federal Reserve will increase interest rates by the end of the year.
The dollar index, which calculates the dollar’s performance against six major [...]
3rd June 2009
The US dollar hovered nervously low on Wednesday as US house sales posted a third monthly rise in a row. The US house sales figures took their highest jump in over 7 years, suggesting that the housing market is stabilising and reinforced some investor’s views of a global economic recovery.
The dollar hasn’t recovered since Monday, [...]