Category Archives: News

Just as last week, the common currency Euro struck a 4-month low versus the U.S. Dollar in Asian trading on renewed worries over Eurozone peripheral debt. As reported at 2:41 p.m. (EST) in Sydney, the Euro at one point in the session slipped against th… Continue reading →

With investors expecting further evidence that the American economy is recovering steadily, the common currency slipped against the U.S. Dollar, striking a new 4-month low in Asian trading today. Continue reading →

With investors expecting further evidence that the American economy is recovering steadily, the common currency slipped against the U.S. Dollar, striking a new 4-month low in Asian trading today. Continue reading →

The U.S. Dollar steadied against major currencies in Asian trading following yesterday’s release of an exceptional ADP employment report which showed that 297,000 non-farms related jobs were added to the payrolls in December Continue reading →

With evidence suggesting that the United States is finally on the path to sustainable economic recovery, the U.S. Dollar held firm against major currencies in Asian trading today. Continue reading →

Strong German labor figures for 2010 drove the euro back up above the dollar in Tuesday morning trading. Continue reading →

The forex markets are pretty steady in the last day of 2010. Euro got a lift on short covering in crosses as well as by comments from German Chancellor Merkel. Merkel said in an advance text of new year speech to the nation that Euro is far more than just a “currency”, but the “foundation” of German economy. She urged that “we must strengthen the euro” as “Europe is in the midst of a great test.” The common currency is seen noticeably higher against Swiss Franc and Australian dollar. Short covering in these two deeply oversold crosses helped lift Euro higher against dollar and yen and extended EUR/GBP’s rebound. Continue reading →

The USD declined on Thursday, hitting a seven-week low point versus the Japanese currency and a 28-year low against the AUD currency after traders took falls in U.S. bond yields as a cue to get rid of it. Continue reading →

The USD became stable on Wednesday after a sharp increase in U.S. Treasury yields assisted its recovery from a sharp decline vs the euro in a yo yo session the previous day marked by thin year-end flows. Continue reading →

The EUR experienced a sharp increase as bears were forced to abandon their positions on Tuesday while the USD came under agressive pressure to sell, hitting a three-week low point versus the Japanese currency and a seven-week low against the Australian… Continue reading →