Foreign Exchange News                                                        8 September 2010

Overnight, higher-risk currencies took a dive alongside US and European stocks.

Renewed fears about the health of the European financial system helped drive down the euro almost 2% against the yen and the greenback.

The pound and Kiwi exchange rate also fell against the latter two currencies, albeit at a less dramatic pace.

The Australian dollar finished the overnight international session down 1% to 76.35 yen, and slipped 0.7% to 91.07 US cents.

The higher-risk currencies’ recent trend of strength continued on Friday night, with sentiment surging on better-than-expected US non-farm payrolls data.

The encouraging jobs data helped the pound, Kiwi and Aussie gain, with the Australian dollar finishing the session up 0.7% to 77.27 yen and up 0.6% to 91.66 US cents.

The euro exchange rate gained slightly against the greenback, but was a tad weaker versus the yen.

FXTrading  News – Yen continues to soar                                                                          1 September 2010

Wall Street finished overnight flat, following a volatile session that featured positive consumer confidence and housing data, which was countered by a sombre FOMC statement.

The euro exchange rate gained slightly against the greenback but slumped against the yen, which continued its trend of strength.

The pound and Kiwi fell against the yen and the greenback, as did the Australian dollar.

The Australian dollar finished the overnight session down 0.6% to 74.99 yen and slipped 0.1% to 89.06 US cents.

FX Trading Update

Higher-risk currencies had a chance to shine in Friday’s international session after Fed Chairman Ben Bernanke pledged to take action, if necessary, to safeguard the US economy.

The euro and pound exchange rate gained around 1% against the yen and increased slightly against the US dollar.

The Australian dollar finished the session up 2.4% to 76.63 yen and up 1.4% to 89.90 US cents.

Exchange Rate News  Currencies Mixed

Friday night’s international session saw mixed results for higher-risk and safety currencies.

US markets ended mostly lower on Friday, as traders continued to fret over the pace of the US economic recovery followings Thursday’s weak data.

The euro exchange rate lost ground, shedding more than half a percent against the US dollar and the yen after comments by the ECB indicated stimulus measures will remain in place for an extended period.

The pound exchange rate dropped less than half a percent against the safety currencies whilst the Australian dollar finished the session slightly up ahead of the weekend election.

The Australian dollar closed up 0.4% to 76.53 yen, and climbed 0.2% to 89.39 US cents.

Forex News                                                            18 August 2010

Commodity prices increased overnight for the first time in three days, lending favour to higher-risk currencies.

The euro finished the session up (albeit less than a percent apiece) against the safety currencies – the yen and the US dollar.

Though the pound exchange rate slipped overnight, the Australian dollar finished strongly on the commodities gain and upbeat local wage data.

The Australian dollar finished the overnight international session up 1% to 77.42 yen and gained 0.8% to 90.53 US cents.

Exchange Rate News,  Growth concerns weigh on risk currencies                                        11 August 2010

The yen was in demand as a safety currency overnight after the Federal Reserve hinted at a slow US recovery, and ahead of reports showing sluggish UK consumer confidence.

The euro and pound exchange rate fell to just below 1% against the yen and shed short of half a percent against the greenback.

The Australian dollar let go of 0.9% to 78.06 yen and slipped 0.3% to 91.36 US cents.

The Kiwi exchange rate also fell, dropping slightly more than the Australian dollar on local and global economic growth concerns.

The last international trading session for the week saw mixed results from higher-risk and safety currencies, as US markets dipped slightly on the disappointing non-farm payrolls data.

The US dollar continued to be weaker than its rival, the yen, though a few higher-risk currencies gained on hopes of a global economic turnaround.

The euro exchange rate rose less than a percent against the yen and the greenback, whilst the pound was slightly weaker against the yen and a tad stronger against the US dollar.

The NZ dollar made some gains whilst the Australian dollar followed the pound’s trend, slipping 0.1% to 78.52 yen but rising 0.3% to 91.83 US cents.

Forex News       4 August 2010

Riskier currencies took a dive overnight after a string of weak US economic data renewed fears about the health of the world’s largest economy.

The pound and the euro were slightly weaker against the yen, but stronger against the US dollar.

The Australian dollar lost ground against both safety currencies after the RBA signaled it is comfortable with current monetary policy settings.

The Australian dollar finished the session down almost 1% to 78.29 yen and shed 0.1% to 91.27 US cents.

Currencies Update:  Seeking refuge 2 August 2010

Friday night’s international session saw a bigger-than-expected slowdown in US 2Q economic growth, which sent global stocks lower and drove up the value of the yen against the US dollar.

The higher-risk currency, the euro, fell against the US dollar and the yen, considered to be “safety currencies”.

However, other risk currencies gained alongside the late rally in US stocks, with the positive sentiment sending the Australian dollar up by 0.1% to 78.20 yen and by 0.4% to 90.43 US cents.