Category Archives: News
Euro Falls as Violence Erupts in Egypt, May Be Poised for Further Drop
As violence erupts on the streets of Cairo, the Euro is falling against the perceived safety of the U.S. Dollar and Japanese Yen as investors beat a hasty retreat from higher risk, commodity-based currencies. Continue reading
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Risk Taking Drives U.S. Dollar to a 3 Month Low Versus Euro
In Asian trading today, the common currency Euro rose to its highest price in almost three months against the safe haven U.S. Dollar on renewed investor risk appetite. Continue reading
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Euro Rebounds Near 2 Month Peak on Eurozone Inflation Worries
The common currency rebounded close to a 2-month peak against the U.S. Dollar in Asian trading following news that Eurozone inflation levels surged, with speculation that the European Central Bank might move to raise interest rates sooner than later. Continue reading
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Egyptian Stock, Egyptian Pound and the Impact on Forex
DailyForex has your coverage of how Egyptian rioting and unrest will impact the Forex markets. Don’t trade Forex without reading these updates. Continue reading
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Middle East Unrest Sends High Risk Currencies Lower
High risk currencies fell broadly in Asian trading today on investors concern that growing unrest in Tunisia and Egypt could trigger further violence in the Middle East. Continue reading
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Japanese Yen Rebounds following Downgrade
In Asian trading, the Japanese Yen managed to recoup some of its earlier losses against the U.S. Dollar following the credit rating downgrade of Japanese sovereign debt by Standard & Poor’s. As reported at 12:54 p.m. (JST) in Japan, the U.S. … Continue reading
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Dovish Fed Tone Keeps U.S. Dollar Near 2 Month Low
The U.S. Dollar remains close to a 2 month low against the common currency Euro following the conclusion of yesterday’s U.S. Federal Open Market Committee meeting. Continue reading
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Dovish Fed Tone Keeps U.S. Dollar Near 2 Month Low
The U.S. Dollar remains close to a 2 month low against the common currency Euro following the conclusion of yesterday’s U.S. Federal Open Market Committee meeting. Continue reading
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U.S. Dollar Index Holds Close to 10-Week Low
The U.S. Dollar Index held close to a 10-week trough in Asian trading today, as market players await confirmation that economic growth will remain the focus for the U.S. Federal Reserve. Continue reading
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Euro Rally Continues, Supported by Rising Optimism
In Asian trading today, the Australian Dollar tumbled against major rivals following the release of consumer inflation data which came in below economists’ expectations, and which sent a signal to investors that the Reserve Bank of Australia is u… Continue reading
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