September 2012 | Archive | News | FX Trading

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September 2012 News Archive

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Euro falls for second week in a row29 Sep at 10 AM

The euro lost ground on the dollar for the second consecutive week as the continuing uncertainty over whether Spain will finally request a bailout weighed heavily on the currency. On Friday, consultancy firm Oliver Wyman published an independent audit that showed Spain’s banks would need 59.3bn euros in further capital to prop up its...

Euro hovers near two-week low against dollar27 Sep at 10 AM

Early Asian trading on Thursday say the euro hover close to its two-week trough against the US dollar as protests in Spain over austerity measures turned violent. The euro continues to feel the pressure from Spain’s reluctance to ask for a bailout, a move which would in turn lead to the European Central Bank’s bond-buying initiative...

Euro rebounds after slump on Monday25 Sep at 9 AM

After falling to its lowest level against the dollar and the yen on Monday, the euro regained some ground in Tuesday’s early Asian trading. The single currency had fallen to its lowest point since 13 September versus the two currencies on the back of weak German data and ongoing concerns about Spain’s debt crisis. German business...

Spain financial request talk pushes euro up 22 Sep at 2 PM

The euro performed well on Friday against the dollar and reversed losses from the previous day after increased speculation of Spain requesting financial support buoyed the currency. Speculation at the end of the week indicated that Spain was finally ready to seek international aid and is prepared to raise the retirement aid and freeze...

Dollar and yen rise on global growth20 Sep at 4 PM

The US dollar and the Japanese yen went up on Thursday after global growth worries increased following weak data from Europe, the US and China. The euro fell to a one-week trough versus the dollar and slip by over one per cent versus the yen. Meanwhile, higher risk currencies like the New Zealand and Australian dollars both lost...

BOJ policy easing speculation sees yen pressurised18 Sep at 4 PM

The Japanese yen was feeling the pressure on Tuesday amid widespread speculation that the bank of Japan was ready to loosen policy to stop the currency becoming to strong. The news arrived as the US dollar remained near its seven-month low versus a number of currencies after the revelation last week that the Federal Reserve was going to...

Fed monetary stimulus announcement sees dollar lose ground on euro15 Sep at 9 AM

The US dollar dropped across the board at the end of the week after the Federal Reserve acted as expected and revealed that it will start another round of quantitative easing to prop up the US economy. The greenback slipped to a four-month low versus the euro and lost ground for the fourth session in a row as the single currency completed...

Dollar loses ground against yen and euro13 Sep at 6 PM

The dollar lost further ground on Thursday, slumping to a seven-month low versus the yen and staying near a four-month trough against the euro on expectations that the US central bank is to act soon to prop up the struggling economy. The greenback fell to 77.41 yen, the lowest it has been since the middle of February, when Japan’s...

Euro hits four-month high versus dollar11 Sep at 6 PM

The euro experienced gains in Tuesday that took it to a four-month peak versus the US dollar on renewed hopes that a German court is set to lend its support to the bailout fund in the region. However, despite the rise, the euro’s gains were expected to be limited as there is still the potential of the constitutional court in Germany...

US jobs data sends dollar tumbling8 Sep at 12 PM

Weaker-than-expected US jobs data in August helped push the dollar down to near a four-month low versus the euro at the end of the week. The jobs data backed up the common consensus that the Federal Reserve will inject additional stimulus into an economy which is losing momentum. All eyes were focused on the non-farm payrolls data from...

Euro fluctuates dramatically following ECB announcement6 Sep at 6 PM

The euro moved up versus the dollar but failed to reach a two-month peak hit earlier in the day following an announcement by European Central Bank President Mario Draghi that gave little away about the bank’s plans to tackle the debt crisis in the eurozone. The ECB left interest rates unchanged at this month’s policy meeting, after...

Euro strengthens in lead up to ECB summit4 Sep at 2 PM

Early Tuesday trade in Asia saw the euro rise prior to a European Central Bank policy meeting on Thursday, at which news methods of combating the eurozone’s debt crisis are expected to be announced. The euro rose from $1.2598 to $1.2616 and 98.68 to 98.88 on Tuesday. Sentiment for the single currency turned slightly “bullish” on...