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 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 [...]
Exchange Rate News Currencies Mixed
August 24, 2010 By Leave a Comment
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 [...]
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 [...]
Currencies Update Seeking Refuge
August 3, 2010 By Leave a Comment
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”. [...]
FX News Risk Currencies Gain
July 22, 2010 By Leave a Comment
FX News – Risk currencies gain 21 July 2010 The overnight international currency session was primarily supportive of higher-risk currencies. The pound making more than a one percent gain against the yen and climbing slightly against the greenback. The euro exchange rate was mixed on faint fears surrounding the coming results of the European stress [...]
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 Wrap Australian Dollar Strengthens
July 8, 2010 By Leave a Comment
Forex Wrap – Australian Dollar Strengthens 7 July 2010 Higher risk currencies saw some strength overnight, with speculation the Federal Reserve will keep US interest rates near zero weighing on the greenback. Although the RBA left interest rates on hold yesterday, the Australian dollar gained 1.3% to 74.63 yen, and strengthened 1.6% to 85.27 [...]