Category Archives: News
Middle East Tensions Mount, Push US Dollar Index Lower
The U.S. Dollar Index slid to a 1-week low in Asian trading today as investor concerns over escalating Middle East tensions, as well as lackluster economic data from the U.S., held back the recent rise in U.S. Treasury bond yields. Continue reading
Posted in News
Comments Off on Middle East Tensions Mount, Push US Dollar Index Lower
Inflation Concerns Put Pressure on Pound Sterling
Yesterday’s report that U.K. inflation continues to exceed the Bank of England’s 2% target rate gave some credence to investor speculation that a rate hike might soon be forthcoming. Continue reading
Posted in News
Comments Off on Inflation Concerns Put Pressure on Pound Sterling
Euro Recoups Some Losses but Remains Under Pressure
In spite of recently recouping some earlier losses, the common currency Euro is expected to continue to be put under pressure; investors believe it is likely to remain within striking distance of the 3-week low struck yesterday. Continue reading
Posted in News
Comments Off on Euro Recoups Some Losses but Remains Under Pressure
US Dollar Slips on Profit Taking
In Asian trading today, the U.S. Dollar slipped versus the Japanese Yen as exporters from Japan sold off their holdings and reaped the profits from the 83.50 Yen price. Continue reading
Posted in News
Comments Off on US Dollar Slips on Profit Taking
US Dollar Strikes 1 Month Peak against Yen on Labor Data
The U.S. Dollar rose to a 1-month peak versus the Japanese Yen in Asian trading following the release of encouraging labor data from the U.S. yesterday suggesting that the all important labor market there is finally recovering. Continue reading
Posted in News
Comments Off on US Dollar Strikes 1 Month Peak against Yen on Labor Data
Euro Momentum Subsides as Markets Refocus on MPC Rate Outcome
As market players finally acknowledge that the ECB, in all probability, will not be considering an interest rate increase anytime in the near future, the common currency Euro has fallen against the U.S. Dollar in Asian trading. Continue reading
Posted in News
Comments Off on Euro Momentum Subsides as Markets Refocus on MPC Rate Outcome
Safe Haven Swiss Franc Slips Broadly in Asia on China Rate Hike
The safe haven Swiss Franc remains under pressure in Asian trading today, even as market players took yesterday’s benchmark interest rate hike from China in stride. Continue reading
Posted in News
Comments Off on Safe Haven Swiss Franc Slips Broadly in Asia on China Rate Hike
Euro Higher Against Greenback, But Momentum Lacking
Investor hopes were all but dashed for a rate hike from the ECB later this week following the release of lackluster data from the German industrial sector. Continue reading
Posted in News
Comments Off on Euro Higher Against Greenback, But Momentum Lacking
Euro Recoups Some Losses against the Dollar But Remains Under Pressure
In Asian trading today, the common currency Euro recouped earlier losses against the U.S. Dollar, yet investors remain jittery following a rise in the yields on U.S. Treasury instruments. Continue reading
Posted in News
Comments Off on Euro Recoups Some Losses against the Dollar But Remains Under Pressure
Euro Remains Under Pressure but Focus Now Turns to US
The common currency Euro is under pressure in Asia today following yesterday’s ECB policy meeting. Continue reading
Posted in News
Comments Off on Euro Remains Under Pressure but Focus Now Turns to US