Category Archives: News

The greenback hit a one-month low against the yen, hitting a low of 81.19 at one point, while the euro continued to flounder during the Asian session. Continue reading →

As it holds close to a 3-week low established against the U.S. Dollar in the Asian session, the Euro is on track to post the worst week in several months. Continue reading →

Both the Euro and the Australian Dollar took hard hits in trading yesterday and are today still within striking distance of the recently established lows. Several events combined to work against the commodity-linked currencies, including Tuesday’s Fed minutes and yesterday’s ECB meeting and dismal outcome of the Spanish bond auction. Continue reading →

The Australian Dollar struck an 11-week trough against the U.S. Dollar following an unexpected outcome in balance of trade figures. Continue reading →

The Euro fell broadly in Asian trading as the repercussions of yesterday’s less than impressive jobs and manufacturing data continue to take its toll. Continue reading →

The Japanese Yen, considered among the best of the safe haven currencies, eased back in Asian trading today following the several days uptrend as a result of the Japanese fiscal year end. Continue reading →

The Yen’s rising momentum seems finally to have faded, but before it did the Japanese currency briefly struck a 3-week peak against the U.S. Dollar, pushed higher by speculators who had hoped that exporters’ repatriations flows would give a bigger boost to the Yen. Continue reading →

The Japanese Yen firmed broadly earlier today but analysts believe it could still be under some buying pressure as Japan’s fiscal year end approaches. Continue reading →

As the fiscal year end approaches in Japan, the Yen inched higher versus the U.S. Dollar and broadly against other currencies, supported by Japanese exporters opening long positions in the currency. Continue reading →

The U.S. Dollar came under pressure again as Ben Bernanke, the head of the U.S. Federal Reserve Bank, signaled that monetary policy would continue to remain accommodative, giving rise to renewed hopes of more easing. Continue reading →