December 2011 | Archive | News | FX Trading

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December 2011 News Archive

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Yen tumbles against the US dollar26 Dec at 9 AM

The yen has slid to a 20-month low as Japan’s new prime minister vows to push ahead with massive fiscal stimulus plans. Shinzo Abe said he will put more pressure on the Bank of Japan to push the inflation target higher. It is also likely he will replace current Governor Masaaki Shirakawa with someone more compliant when his term comes to an...

Yen tumbles against the dollar19 Dec at 9 AM

The Liberal Democratic Party victory in the Japanese elections has seen the value of the yen tumble against the euro and the dollar. It is likely that after returning Prime Minister Abe Shinto forms his new cabinet he will start pushing through aggressive monetary easing policies. The conservatives are aiming to make Japan more competitive...

Euro up against dollar on positive German sentiment12 Dec at 9 AM

A likely decision by the US Federal Reserve to ramp up economic stimulus has seen the dollar fall against a number of other major currencies. The euro has hit $1.3003 after falling to $1.2876 at the end of last week. The greenback has also lost ground to the New Zealand dollar, the Canadian dollar and the Australia dollar, against which it is...

Greece buys back bonds to tackle debt5 Dec at 9 AM

The Greek government has announced that it plans to reduce the country’s debt by introducing a bond buying programme. Being able to prove it is possible to cut debt is one of the conditions required by eurozone finance ministers in exchange for another bailout payment. Greece has been waiting for another tranche of financial help since...

Euro gains in Asia ahead of ECB loans22 Dec at 7 PM

The euro continued gaining in Asian trade today due to the forthcoming European Central Bank's provision of cheap loans for member nations. The loans are likely to remain the focus of trading today, with finance industry insiders speculating up to 450 billion euros could be provided to shore up the finances of euro countries. A Reuters’...