October 2012 | Archive | News | FX Trading

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October 2012 News Archive

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No plans to weaken Aussie dollar31 Oct at 9 AM

The Australian dollar is attracting investors following confirmation by the country’s central bank that it does not consider the currency to be overvalued and is not planning to intervene to weaken it at the moment. The Aussie dollar is currently trading at $1.0366. BNP Paribas analysts have pointed out that allowing the dollar to float...

Aussie dollar and euro drop ahead of China growth report24 Oct at 9 AM

Lower than expected earnings reports from the US have pushed the Australian dollar and the euro to one-week lows against the dollar. Risk aversion has also been fuelled ahead of a report to be released by HSBC on the state of China’s manufacturing sector. However, any signs that the slowdown in China has stabilised could lead to the markets...

Euro strengthens against the dollar and the yen17 Oct at 9 AM

The euro has bounced to its highest level against the US dollar in a month after Moody’s agreed not to drop Spain’s credit rating. The struggling nation has been allowed to stay one notch above junk meaning it is still considered investment grade. The euro has also been getting support in recent weeks as investors and analysts expect...

Pound up against the dollar as UK economic growth downgraded10 Oct at 9 AM

The pound has recovered slightly against the US dollar after hitting its lowest level against the greenback in a month. However, an announcement by the International Monetary Fund that the country’s growth forecast has been downgraded left the pound vulnerable. The currency managed to claw itself back from 1.6000, its lowest level against...

Euro down as Spain denies bailout is definitely on the cards3 Oct at 2 PM

Recent support given to the euro because of expectations that this weekend would see Spain holding its hands out for a bailout package from Europe has slipped slightly following comments by the country’s prime minister that a request was not necessarily imminent. However investors are remaining cautious and seem to be waiting for something...

Euro recovers slightly from three week low2 Oct at 10 AM

Despite European financial markets remaining unnerved this week about whether or not Spain will seek a bailout from the International Monetary Fund, the common currency recovered from a three-week low against the dollar today. Germany has so far suggested that Spain should hold off on any aid request, but Eurozone officials believe the...