Category Archives: News

The U.S. Dollar was clearly on the back foot during the Asian trading session after Ben Bernanke, the chief of the U.S. central bank, confirmed expectations of another round of stimulus that was quickly dubbed QE4, an announcement which broadly weakene… Continue reading →

The U.S. Dollar came under broad pressure earlier in the Asian trading session with investors speculating that the greenback will once again be devalued as the U.S. central bank announces another round of stimulus later today. Continue reading →

The Euro edged higher versus the U.S. Dollar during the Asian trading session as Mario Monti, the Italian Prime Minister, sought to assuage investors’ concerns about Italy’s fiscal outlook. Continue reading →

The common currency Euro was close to striking a 2-week trough versus the U.S. Dollar early during the Asian trading session on the heels of a political crisis which appears to be brewing in Italy. Continue reading →

Markets were disappointed with the outcome of Thursday’s European Central Bank policy meeting and Mario Draghi’s comments afterward and as a result sent the Euro hurtling toward its sharpest drop in a month against the U.S. Dollar. Continue reading →

The Euro edged off a 7-week peak against the U.S. Dollar and a multi-month peak against the Japanese Yen during the Asian trading session as investors take a breather to wait and see what the European Central Bank might next do as the conclusion of today’s policy setting meeting. Continue reading →

The Canadian Dollar edged higher against its neighbor the U.S. Dollar during the Asian trading session after the Canadian central bank announced that it would leave interest rates unchanged but reaffirmed its outlook for tighter monetary policy in the … Continue reading →

The U.S. Dollar edged lower against the Japanese yen during the Asian trading session following economic news from the U.S. which showed that manufacturing activity struck a 3-month low last month, a level unseen in several years. Continue reading →

The Euro earlier gave back gains that had been eked out last week, following the downgrade of the Eurozone’s bailout fund mechanism by Moody’s credit rating agency. Continue reading →

The Euro edged off a 1-month peak against the U.S. Dollar during the Asian trading session after comments from one key Republican policymaker in the U.S. put a dent in the fragile optimism that the U.S. fiscal cliff challenge was to be put to rest. Continue reading →