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 [...]
Forex and Australian Dollar News
November 23, 2010 By Leave a Comment
The end of the week saw some flat international trading, with the bulk of the week’s economic data not lending much support to higher-risk currencies. The euro managed to stay afloat on a planned bailout for Irish banks, closing the final session for the week up a quarter of a percent against the US dollar [...]
Forex Australian Dollar Update
November 4, 2010 By Leave a Comment
Higher risk currencies benefiting from US dollar weakness on Tuesday night. The euro rose 0.6% against the yen, and jumped 1% against the greenback. Following the RBA’s surprise interest rate hike on Tuesday, the Australian dollar surged almost 2% to 80.58 yen, and 1.6% to 99.88 US cents (after reaching a new record high of [...]
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 [...]
FX Trading Update
October 19, 2010 By Leave a Comment
US markets ended mostly higher on Friday night, with tech-stocks surging on Google’s strong third quarter results. Higher risk currencies all fell against the yen and the greenback. The Kiwi lost around half a percent against each, whilst the euro declined 0.8% against both. However, the pound’s declines were minor. The Australian dollar finished the [...]
Australian Dollar Update (AUD)
October 14, 2010 By Leave a Comment
Global markets rebounded from early losses overnight, after the Fed’s minutes for September all but guaranteed another round of quantitative easing. The euro was up against the US dollar but weaker versus the yen, whilst the pound declined and the Kiwi gained slightly. The Australian dollar finished the session down 0.2% to 80.59 yen, and [...]
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 [...]
Currency Exchange News
October 7, 2010 By Leave a Comment
A surge on Wall Street overnight bolstered higher-risk currencies, as gold and oil also made impressive gains. The Australian dollar tumbled immediately following yesterday’s RBA rate decision, but recovered well to finish the session up 0.2% to 80.87 yen, and 0.4% higher to 97.18 US cents. The euro, pound and Kiwi all made gains against [...]
International Currency News
September 28, 2010 By Leave a Comment
The last international currency session for last week saw continued strength for higher-risk currencies, following better-than-expected durable goods data in the US. The Australian dollar finished Friday’s overnight session up 0.9% to 80.76 yen, and continued its impressive run against the greenback, closing up 1.1% to 95.90 US cents. The euro and pound gained around [...]
Forex News Risk Currencies Gain
September 23, 2010 By Leave a Comment
Higher-risk currencies gained, and the greenback tumbled, overnight, as the Fed hinted at further stimulus designed to spur the US economy. Looking at the major exchange rates, the euro gained just under a percent against the yen, and was 1.6% higher versus the greenback. The pound and Kiwi slipped a tad against the yen, though [...]