Category Archives: News
Yen Surges Broadly, Intervention Possible
The Japanese Yen surged to a new record high versus the U.S. Dollar in Asian trading today, leaving investors to speculate about possible intervention by the Japanese central bank. Continue reading
Portuguese Debt Downgrade Gives Euro Momentary Pause
The common currency Euro weakened slightly against the U.S. Dollar in Asian trading following the downgrade of Portuguese sovereign debt. Continue reading
Japanese Yen Continues to Approach Record High
The Japanese Yen is surging as investors off-load high risk currencies in the face of yet another crisis in Japan. Continue reading
USD Rallies against JPY Following Bank of Japan Intervention
The U.S. Dollar rallied against the Japanese Yen, rebounding off earlier lows in Tokyo trading, following Bank of Japan intervention. Continue reading
Japanese Yen Lower Against Majors as Earthquake Aftershocks Strike Japan
Following the 8.9 magnitude earthquake and resultant tsunami which hit the northern coast of Japan a short while ago, the Japanese Yen broadly fell against the majors. Continue reading
Euro under Heavy Sell Pressure as a Result of Dismal Asian Data
Unexpectedly dismal trade data from China has sent the Euro lower against the U.S. Dollar, and market players expect that the common currency will continue to sink throughout the day. Continue reading
US Dollar Higher Against Japanese Yen, Treasury Auction in Focus
The U.S. Dollar was higher versus the Japanese Yen in Tokyo trading today following yesterday’s small rise in 3-year Treasury yields. Continue reading
Euro Moves Higher Against the Greenback as EU Summit Eyed
In early Asian trading, the Euro edged up against the U.S. Dollar, but investors, who have increased their long-term holdings in the common currency, appear to believe that a decline in the short-term will prevent it from breaching the November peak. Continue reading
Euro Continues to Rally – For Now
The Euro’s rally against the US dollar is being questioned as EU leaders continue to battle the region’s sovereign debt crisis and optimism about the U.S. economy increases. Continue reading
Euro Still Benefitting from Trichet Comments
In Asian trading today, the common currency Euro remained steady, holding onto yesterday’s gains following the hawkish comments issued by European Central Bank president, Jean-Claude Trichet. Continue reading
