Category Archives: News
China Tightening up After the Holidays
The AUD declined on Monday after China’s central bank increased rates over the weekend, and some analysts say chances of more tightening by China could cause investors to sell the Aussie following the year-end holidays. Continue reading
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The Forex Market and Christmas Do Not Get Along
The EUR stood its ground on Friday after making a comeback from an all time low versus the Swiss franc and a three-week low vs the dollar. Continue reading
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The Forex Market Closing up Shop for the Holidays
The European currency enjoyed a comeback in Asia on Thursday, having reached an all time low againt the Swiss franc overnight, with traders finding increasing buying interest emerging from players in the area specifically central banks. Continue reading
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Euro Holds Steady on Eurozone Downgrade Threats
The Euro is holding steady in Asian trading today following yesterday’s plunge precipitated by dual announcements from Moody’s and Fitch’s, the rating agencies, that they may, respectively, downgrade Portuguese and Greek debt. Continue reading
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Chinese Government Supports E.U. Efforts, Drives Euro Higher
The common currency reversed positions against the U.S. Dollar and the Japanese Yen in the Asian trading session when one official from the Chinese government endorsed the efforts being undertaken by the European Union to stabilize Eurozone financial m… Continue reading
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U.S. Dollar Strengthens Against Pressured Euro
The U.S. Dollar continues to strengthen against the common currency Euro as investors remain fearful that more Eurozone nations will finally acknowledge the difficulties they’re having working within their fiscal budgets. Continue reading
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U.S. Dollar Strengthens Against Pressured Euro
The U.S. Dollar continues to strengthen against the common currency Euro as investors remain fearful that more Eurozone nations will finally acknowledge the difficulties they’re having working within their fiscal budgets. Continue reading
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Common Currency Strikes 2-week Low vs Greenback in Asia
The fallout from the Irish downgrade continues to push the common currency lower; today in Tokyo, the Euro slipped to a 2-week trough versus the U.S. Dollar, and appears vulnerable to further losses. Continue reading
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Moody’s Downgrades Irish Debt, Euro Pressured
The common currency Euro slipped against the U.S. Dollar in London trading today as Moody’s, the credit rating agency, downgraded Irish debt from AA2 to BAA1. Continue reading
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U.S. Dollar Slips Lower with Treasury Yields
The U.S. Dollar lost ground against the common currency Euro in early morning trading in New York; as reported at 9:11 a.m. (EST) in New York, the U.S. Dollar was trading at $1.3241 against the Euro. Continue reading
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