April 2013 | Archive | News | FX Trading

Sat 23 Sep 2017
FX Trading

April 2013 News Archive

Archived Travel Money News...

Aussie dollar takes a tumble24 Apr at 9 AM

The value of the Australian dollar has been hit by news that factory output in China shrank in April because of fewer export orders. As well as being an indication that the global economy is suffering, China is Australia’s largest trading partner. The Aussie has dropped to a six-month low of $1.0221. The Australian currency has also dipped...

Markets recover from gold price plunge17 Apr at 9 AM

The jitters sent across the markets after the recent record plunge in gold prices and Monday’s Boston Marathon bombings appear to be easing as investors return to selling off the yen and betting on riskier assets. The price of gold has begun to stabilise and although President Obama has labelled the bombings an act of terror it is now...

Dollar continues to perform well against yen10 Apr at 9 AM

Disappointing economic data from the UK and eurozone has seen the US dollar up against a number of its main rivals. The greenback is also trading close to 100 yen as the Bank of Japan confirms it will be pushing through with measures to combat deflation. The euro is down 0.02 per cent against its US rival to $1.3082 following an...

Sterling and euro suffer poor manufacturing data3 Apr at 9 AM

Sterling has inched lower against the dollar as the latest manufacturing data from the UK shows that activity in March shrank for the second month in a row. The pound is currently trading at $1.5086, a fall of 0.1 per cent. The British currency is also down against the New Zealand dollar to NZ$1.7942 having previously fallen to an all time...

Dollar at two-month low30 Apr at 2 PM

The dollar dropped to a two-month low versus a basket of currencies today, weighed down after modest growth in the US economy resulted in hopes of further Federal Reserve monetary easing being kept alive, reports Reuters. The greenback is likely to be pressured further if data, including job figures in the US, this week is worse than...

Gold posts biggest weekly increase since late February28 Apr at 11 AM

Gold rose for the fourth session in a row on Friday and delivered its highest weekly gain since the end of February, as European debt concerns and disappointing US growth increased investment demand for the material , reports Reuters. Bullion buying sped up after a report revealed that US economic growth slowed during the opening quarter...

Eurozone leaders encourage growth26 Apr at 2 PM

Eurozone leaders have encouraged governments to make growth their focus amid concerns about austerity measures having a negative impact. Mario Draghi, the president of the European Central Bank, said that a “growth impact” should go alongside the balanced-budget pact that was agreed in 2011, reported the BBC. Meanwhile, French...

Europe shares rise as earning eclipse debt worries25 Apr at 6 PM

European shares gained ground today, extending Tuesday’s tentative recovery from the three-month lows as positive results soothed investors’ concerns on earnings and eclipsed lingering worries on the debt crisis within the eurozone, reports Reuters. Before midday, the FTSEEurofirst 300 index had risen by 0.8 per cent to 1,040.72...

Euro and European share markets recover24 Apr at 12 PM

The euro and European share markets staged modest recoveries today, reported Reuters, after steep losses resulted from the eurozone economy’s worsening performance and a sharp increase in concern about to political will to sort out its fiscal problems. Meanwhile, German bond yields edged slightly higher but remained close to record lows,...

Global shares tumble as anxiety returns23 Apr at 6 PM

Stock markets have fallen following political uncertainty in the Netherlands and France and weak manufacturing data hit investor confidence, reports the BBC. Germany’s Dax index dropped by 3.5 per cent, France’s Cac 40 fell three per cent and the FTSE 100 in the UK lost two per cent. Wall Street also opened down by a percentage...

Yen hits 10 week low20 Apr at 10 AM

With expectations of more easing from the Bank of Japan in the coming week, the yen is likely to stay under pressure after it hit its lowest level in over a week today. After touching a one-and-a-half week high of 81.74 yesterday, the US dollar stood at 81.50 yen while the euro came back strong from Monday’s trough of 104.63 to reach...

HSBC to starting trading in yuan19 Apr at 9 AM

HSBC bank has become the first business outside of mainland China or Hong Kong to issue a benchmark bond in the Chinese currency in London. It is the first step towards London becoming the top Western trading hub for the yuan, also known as the renmibi, according to Chancellor George Osborne. The bank expects its three-year bond to raise...

Yen falls on positive US and euro data18 Apr at 10 AM

As Wall Street made its biggest gains in several months thanks to a revival of risk appetite, the yen extended its slip against the dollar from the seven-week high seen earlier in the week to fall broadly today. Market confidence was boosted by a combination of unexpected investor confidence in Germany, successful money-raising in Spain’s...

FOREX Euro vulnerable before Spanish bill auction17 Apr at 6 PM

As reported by Reuters, the euro was steady today, remaining vulnerable ahead of an upcoming Spanish bill sale which may intensify concerns about the country's precarious economic position as eurozone debt concerns show no signs of waning. Spain is expected to watch borrowing costs soar when it sells off 12- and 18-month Treasury bills....

India forex reserves fall16 Apr at 4 PM

As reported by the Economic Times, India's foreign exchange reserves fell to $292.92 billion, dropping by by $1.47 billion, for the week ending 6 April. This makes it the lowest level in over two months, mainly due to the supposed sale of dollars by the RBI, Reserve Bank of India, to curb the fall in the rupee value. Foreign currency...

Aussie dollar slips with China GDP13 Apr at 6 PM

The euro dropped on Friday, along with the Australian dollar, after some China released some disappointing GDP data, as the Aussie remained weak to eurozone debt worries. However, it was not expected to come out of its recent market trading range against the Australian dollar. The Aussie dollar, strongly influenced by Chinese markets...

Yen up as euro worries soothed12 Apr at 9 AM

Although markets cannot completely relax due to an upcoming Italian bond sale, soothing words about Spain from the European Central Bank on Thursday saw the yen lifted to a multi-week high against many international currencies. After a nine-week trough of around 82.50 yen, the Australia dollar bounced to 83.40, while the euro beat...

Yen in safe haven11 Apr at 9 AM

As concerns about global growth affected sentiment further today, the Australian dollar floundered while the yen hovered in the safe haven of a multi-week high against other Asian currencies. There were continued worries about hard economic landing in China after disappointing import reports, while the fragility of economies close to the...

Yen inches higher10 Apr at 12 PM

Although many analysts thought the yen would stay pressured due to expectations that Tokyo would ease policy later this month, it inched higher against the dollar today after the Bank of Japan refrained from more easing. After all but one of the country’s nuclear reactors went off line after last March’s Fukushima disaster, the yen was...

World markets plummet on economy fears9 Apr at 12 PM

Fears about the state of the economies of Europe and the US caused stock markets to plummet dramatically last week. French and German shares were down three per cent due to disappointing Spanish bond deals. The Federal Reserve also suggested that it would not necessarily provide more stimuli, prompting Wall Street to drop one per cent....

Euro has worst week in four months 6 Apr at 6 PM

The euro will post its worst week in almost four months, suffering just above a three-week low compared to the dollar as concerns about growing Spanish debt yields do not show signs of abating before all-important US jobs information. Economists predict the payrolls report to reveal the US economy gained 203,000 jobs in March, a fourth...

Euro drops as Spain worries increase 6 Apr at 9 AM

The euro fell on Thursday with more losses expected as a deterioration in Spain's bond prices stressed investor worries about a repeated round in the debt crisis of the euro zone. Spanish government bonds are being pressured as worries increase about the ability of Spain to meet deficit objectives and fund itself following a badly received...

Aussie dollar hit by shock trade deficit 4 Apr at 6 PM

The dollar reached a one-week peak against other currencies on Wednesday, receiving a boost as the Australian dollar dipped to an 11-week low following Australia posting a surprise trade deficit. The country has a A$480 million deficit compared to market anticipations for a surplus of A$1.0 billion, increasing expectations its central...

Yen enjoys strong start in Q23 Apr at 6 PM

The yen reached a three-week high due to a flurry of stop-loss purchasing that started after investors cut back on big short positions made in recent weeks, meanwhile the euro licked its wounds following disappointing euro zone data in manufacturing and jobs. The dollar dropped from the previous day's high of 83.31 yen to a low of 81.55...

Aussie rises following good China data 2 Apr at 6 PM

The yen eased and the Australian dollar increased on Monday after strong Chinese factory data helped concerns about a bad landing by China - the world's second-biggest economy. The Australian dollar increased 0.5 per cent to $1.0399 following a report on Sunday showing activity at large Chinese factories reached an 11-month high in March,...