Global markets put aside concerns over China’s latest interest rate rise on Tuesday night, allowing most higher-risk currencies to gain against the safety currencies. The euro strengthened just short of half a percent against the yen and greenback as Wall Street clocked its seventh consecutive day of gains, though the pound declined slightly. The Australian [...]
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 [...]
FX News Risk Currencies Impress
October 5, 2010 By Leave a Comment
In spite of sluggish trading amongst global equities throughout Friday’s international session, higher risk currencies continued to make impressive strides. The Australian dollar continued to approach parity with a 0.6% gain to 97.25 US cents. The Aussie dollar also managed a 0.2% rise to 80.93 yen. The euro, pound and Kiwi all mirrored gains against [...]
Currency Trading News
September 30, 2010 By Leave a Comment
The US dollar was one of the weakest major currencies overnight amid rising speculation the Fed will embark on another round of quantitative easing. The Australian dollar continued its stride, closing up 0.9% to 96.75 US cents and finishing half a percent higher to 81.14 yen. The euro and Kiwi also made gains against the [...]
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 [...]
FX News Risk Currencies are Back
September 14, 2010 By Leave a Comment
Friday’s international currency session saw increased demand for higher-risk currencies, as fears about the health of European banks, and the US economy, abated somewhat. Though the pound exchange rate dropped slightly against the US dollar and the yen, other “riskier” currencies managed to finish the last session for the week in the black. The Australian [...]
FX Trading News Australian Dollar
September 7, 2010 By Leave a Comment
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 [...]
Forex Trading Risk Currencies In Demand
August 31, 2010 By Leave a Comment
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 [...]