The euro recovered some of its recent losses on Tuesday night, as concerns faded over a possible Greek debt restructuring. The regional currency rose over 1% against the yen and 0.3% versus the US dollar. A jump in commodity prices triggered further gains in resource-linked currencies. The Australian dollar added 0.5% to US$1.0836, with the [...]
Forex Trading and Australian Dollar News
December 2, 2010 By Leave a Comment
It was another dismal session for higher-risk currencies on Tuesday night, as concerns over the European debt crisis continued to hit market sentiment. The euro traded near an 11-week low against the greenback, sliding just over 1%, and lost almost 2% against the yen. The pound was flattish against the US dollar and slipped three [...]
Australian Dollar and Forex Analysis
November 30, 2010 By Leave a Comment
Friday night’s international currency session saw investors shunning higher-risk currencies on euro-region debt concerns and tensions between North and South Korea. The euro and pound slipped near one percent against the US dollar, and around half a percent against the yen. The Australian dollar finished the session down 1.1% to 81.13 yen and declined 1.7% [...]
AUD and FX News
November 25, 2010 By Leave a Comment
Europe’s sovereign-debt problems continued to dominate sentiment the previous night, driving down higher risk currencies and those dependent on commodities for growth. The euro shed around 2% against the yen and the greenback, as did the Kiwi. The pound lost more than a percent against the two safety currencies. The Australian dollar finished the international [...]
Foreign Exchange Update
October 26, 2010 By Leave a Comment
Higher risk currencies ended Friday’s international session on a positive note, although gains were muted ahead of the weekend’s G20 meeting. The meeting failed to yield any binding agreements, and as such, was seen as bearish for the US dollar. The euro advanced against its major counterparts, rising just under half a percent versus the [...]
Australian Dollar FX News
October 12, 2010 By Leave a Comment
Friday’s international session saw gains for Wall Street and losses for the US dollar, after a weak US jobs report fuelled expectations the Fed will introduce further monetary stimulus. However, higher-risk currencies came out mixed, as traders awaited the outcome of the weekend’s global meeting on recent currency tensions. The Australian dollar finished the session [...]
Forex News Risk Currencies in Demand
August 19, 2010 By Leave a Comment
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 [...]
Forex News Risk Currencies Wane
August 5, 2010 By Leave a Comment
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 [...]
FX Wrap Safety Currencies not in Style
July 15, 2010 By Leave a Comment
FX Wrap – Safety Currencies not in Style 14 July 2010 The safety currencies saw reduced demand overnight on signs of profit growth in the US, with risk currencies once again in hot demand. In further good news, Singapore’s economy expanded significantly in the second quarter, adding to signs that Asian growth won’t be impacted [...]
Forex News Exchange Rate Updates
July 13, 2010 By Leave a Comment
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 [...]