9th September 2010
Traders believe that there is light at the end of the tunnel as the yen rose to a fresh 15-year high against the dollar in global Forex trading on the September 7th as investors flocked to the hedge currency to limit risk exposure. Amid renewed concerns about the strength of US recovery, Forex brokers once [...]
23rd August 2010
The U.S. dollar lost value against most major currencies today but gained against the Aussie and Canadian dollars. However, the dollar gained 0.24 percent against the Australian dollar over the weekend. Over the past 30 days the US currency is still down 1.07 percent. The Euro maintained its strength as the dollar. The dollar lost [...]
12th August 2010
With consumer confidence falling in the wake of Government budget cuts to public services in an effort to reduce the massive public sector debt, the City is becoming increasing concerned about about the possible slowdown of the nation’s economic, which has weakened the currency.
The Pound Sterling fell against both the US dollar and the yen, [...]
22nd July 2010
The dollar fell to just above a 7-month low against the yen today after the Federal Reserve chairman Ben Bernanke stated that the US economic outlook remained “unusually uncertain”. This sparked a sell-off in riskier assets as investors took solace with the yen.
The dollar fell by 0.6% against the yen ending at 86.56 after [...]
16th July 2010
The euro hit a two-month high against the US dollar today as European money market rates continued to rise strengthening the shared currency. The rise comes after data showed that US consumer sentiment fell to an 11-month low in early July, driving the dollar to a seven-month low against the yen.
The euro was also bolstered [...]
12th July 2010
The dollar rose against a hat full of currencies on Monday after investors cautiously look towards this week’s euro-zone debt auctions. The debt auction for Greece is due on Tuesday and is set to sell €1.25 billion of treasury bills, with Spain and Portugal also auctioning government debt this week.
The European bank stress test data [...]
24th June 2010
Both the US dollar and yen rose against the euro during Thursday trading, as investors once again began to be concerned about Greece’s debt hanging over the euro zone. Reports have been coming in that the cost of protecting Greece’s government from defaulting on their debt has hit a record hit; this swayed investor to [...]
15th June 2010
The euro rose for the second consecutive day against the US dollar after Greece got upgraded from junk status on Monday. This eased some concerns about the euro debt crisis spreading to the wider economy.
The euro had risen to $1.2298 before losing ground and finishing the session 0.4 percent up at $1.2272. The euro also [...]
19th April 2010
The yen fell against a host of major currencies on Monday as investors stayed away from riskier currencies after Chinese shares suffered their largest percentage loss since August 2009. The yen fell 0.3 percent against the US dollar ending the New York session on 92.64 after giving up 0.3 percent the previous day as well.
The [...]
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 [...]