Forex News – A Mixed Bag 12 July 2010 Friday’s overnight currency session was a mixed bag, with some higher-risk currencies climbing, and others falling on mixed sentiment. The euro and pound exchange rate slipped on renewed fears that debt contagion will spread throughout the euro-zone. However, the Australian dollar gained 0.3% to 77.78 yen [...]
FX News Australian Dollar Update
July 6, 2010 By Leave a Comment
Forex Update 5 July 2010 Global markets were mixed throughout the last international session for the week, with gains capped by a bigger-than-expected decline in US non-farm payrolls. The euro and pound made tentative gains of less than half a percent against the safety currencies – the yen and the US dollar. However, commodity currencies [...]
Foreign Exchange News Safety Currencies
July 1, 2010 By Leave a Comment
Foreign Exchange News 30 June 2010 The overnight session was dominated by safety currencies, with the greenback and yen climbing on dismal signs for the US and Chinese economies. A slump in US consumer confidence saw the yen was close to an eight-week high against the greenback, which itself was still stronger than riskier currencies. [...]
Foreign Exchange Update
June 22, 2010 By Leave a Comment
FX Update – A Mixed Session Friday night’s international session saw tepid strength for some higher-risk currencies as confidence in a global economic recovery hovered around. However it was a choppy session after clearer signals earlier in the week. European debt concerns continued to play on investors’ minds, with some feeling the worst is past [...]
Exchange Rates News Euro Gains on Latest Measures
June 17, 2010 By Leave a Comment
Exchange Rates News – Euro Gains on Latest Measures 16 June 2010 Higher risk currencies strengthened overnight as concerns about the European debt crisis lessened. The euro zone saw a reprieve after Spain’s successful debt auction and after the European Commission noted Germany, Spain, Portugal and nine other European Union governments are set to reach [...]
FX Update Commodity Currencies Looking Confident
June 10, 2010 By Leave a Comment
FX Update – Commodity Currencies Looking Confident 9 June 2010 A rally for commodities helped push up the Australian dollar last night and other currencies tied to commodity performance. Copper, aluminium and nickel rallied in London, whilst gold hit a record high in the US. The Australian dollar gained 2.2% overnight to 75.50 yen and [...]
Hungary: New Danger Zone?
June 8, 2010 By Leave a Comment
Hungary: New Danger Zone? 7 June 2010 US markets saw a sharp sell-off on Friday, with the Dow Jones Industrial Average sliding more than 300 points to close below the psychologically-important 10,000 mark. The S&P fell to its lowest level since February on Friday, not only on euro-region fears but after a US jobs report [...]
Exchange Rate News Spain Sinking?
June 1, 2010 By Leave a Comment
Exchange Rate News – Spain sinking? May 31 2010 Euro debt fears resurfaced on Friday after ratings agency Fitch slashed Spain’s rating to AA+, stating the nation’s debt burden is likely to weigh on economic growth. The euro finished Friday’s international session down 0.7% apiece to 111.76 yen and US$1.2273. Europe’s currency is now poised [...]
Forex Wrap Euro U Turn
May 25, 2010 By Leave a Comment
Forex Wrap – Euro u-turn 24 May 2010 After a volatile week, the Euro finished Friday’s international currency session mostly stronger and headed towards its first weekly gain against the greenback in six weeks. A task force of European finance minister met in Brussels on Friday, looking to support tougher sanctions against European Union rule [...]
FX News Euro Fear Focus Switches to Germany
May 20, 2010 By Leave a Comment
FX News 19 May 2010 European economic fears continued to pervade overnight, but this time the focus has switched from Greece to Germany. The euro and stocks extended losses as Germany’s financial-services regulator announced a temporary ban on naked short selling and naked credit-default swaps of euro-area government bonds. The ban also applies to naked [...]