Category Archives: News
Whetted Risk Appetite Pushes U.S. Dollar Higher Against Japanese Yen
The U.S. Dollar hovered close to a 3-week peak versus the Japanese Yen in Asian trading today on investor speculation that the United States’ Quantitative Easing program will not be extended past the planned end in June. Continue reading
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Trichet’s Reassurance Boosts Euro Higher
With Jean-Claude Trichet’s reassurance to the worlds’ markets that an interest rate hike was imminent to suppress rising inflation, the Euro is finding broad support in Asian trading today. Continue reading
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US Dollar Trades Higher Against Euro as German Election Weighs
The common currency Euro slipped against the U.S. Dollar in Asian trading today following the defeat in Germany of Angela Merkel’s Christian Democrat party in regional elections. Continue reading
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Portugal Downgrade Expected, Has Little Effect on Euro
Portugal’s problems grew as another credit ratings agency downgraded sovereign debt from A- to BBB, though most analysts acknowledge that the markets were expecting the downgrade. Continue reading
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Euro Slips as Portuguese Parliament Rejects Austerity Terms
The common currency Euro slipped in Asian trading against the U.S. Dollar, with the realization that Portugal will have no other option but to seek the offered bail-out package from the joint E.U./IMF special purpose mission. Continue reading
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Euro Investors Jittery as Portuguese Parliament Votes on Austerity Measures
Risk averse investors pushed the Euro lower in Asian trading today, and the short term outlook for the common currency appears dependent on the Portuguese government’s approval (or not) of austerity measures legislation. Continue reading
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Japanese Yen May Push Higher, Intervention Likely
The Japanese Yen continues to push higher against the. U.S. Dollar in Asian trading, and some market players are speculating that the G7’s resolve to prevent further Yen appreciation may be put to the test later today. Continue reading
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Japanese Yen Remains under Pressure Even After G7 Intervention
The Japanese Yen remains under pressure against the U.S. Dollar, and although losses were generally limited in somewhat subdued trading, most market players believe that the G7 will likely again intervene to curb the Yen’s rise. Continue reading
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Bank of Japan Granted Approval by G7 for Yen Intervention
The Japanese Yen, which has been appreciating since last week’s catastrophic earthquake in Japan, slipped by better than 3% in Asian trading today. Continue reading
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Bank of Japan Granted Approval by G7 for Yen Intervention
The Japanese Yen, which has been appreciating since last week’s catastrophic earthquake in Japan, slipped by better than 3% in Asian trading today. Continue reading
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