Category Archives: News
German Data Sends Euro Lower
The common currency held close to a 5-month trough versus the Japanese Yen and a multi-year low against the Pound Sterling after falling broadly on the back of disappointing economic data from Germany. Continue reading
Yellen Committed to Dovish Bias, For Now
With the eyes of the world’s investors focused squarely on Washington, D.C., Federal Reserve Chairman Janet Yellen reiterated that, for the time being, the central bank would maintain its current ultra loose monetary policy Continue reading
Yellen Committed to Dovish Bias, For Now
With the eyes of the world’s investors focused squarely on Washington, D.C., Federal Reserve Chairman Janet Yellen reiterated that, for the time being, the central bank would maintain its current ultra loose monetary policy Continue reading
Yellen Committed to Dovish Bias, For Now
With the eyes of the world’s investors focused squarely on Washington, D.C., Federal Reserve Chairman Janet Yellen reiterated that, for the time being, the central bank would maintain its current ultra loose monetary policy Continue reading
FX Trade Anxious for Yellen Testimony
The U.S. Dollar remains range-bound as FX traders wait to hear what Janet Yellen, the head of the Federal Reserve Bank, will have to say at her testimony before the U.S. Congress which will take place later today. Continue reading
Aussie Trade Subdued Following RBA Comments
FX traders remain wary of the Australian Dollar following RBA Governor Glenn Stevens’ recently published interview in which he states that investors seem to be underestimating the threat of a too strong Aussie Dollar that could, Continue reading
Portuguese Banking Fears Drive Safe Haven Demand
The possibility that the Portuguese banking system may be on the verge of a crisis which could have wide spread implications for the Eurozone banking system has sent FX investors flocking to the safe haven Japanese Yen which, as a result, is poised to … Continue reading
Dollar Struggles after Fed Minutes
Yesterday, the Federal Reserve Bank released the minutes from June’s policy meeting which offered some relief to investors who were anxious to determine whether the Fed would take on a hawkish bias or not. Continue reading
NZD Major Mover in Tepid Trade
In otherwise lackluster trading the New Zealand Dollar experienced only a slight loss of last week’s positive momentum after the country received an upgrade of its sovereign debt rating which had pushed the Kiwi to a 3-year high. Continue reading
Wary Investors Push Dollar to Sidelines
The U.S. Dollar’s recent rally in the wake of last week’s upbeat labor data has waned during Asian trade. Analysts say that with U.S. corporate earnings reports due out this week, investors have turned cautious and pushed U.S. Treasuries lower which then put pressure on the greenback. Continue reading
