Forex News News - FX Trading

Sat 23 Sep 2017
FX Trading

Forex News News

Latest 10 news items tagged Forex News

Euro jumps against the greenback30 Jan at 2 PM 2013

The euro has settled just below $1.35 as positive economic data is released from Germany and things seem to be improving for banks across Europe. The Federal Reserve is also expected to announce that quantitative easing will last beyond this year, something that will drive the dollar down. At one point the euro hit $1.3496, the highest it has been against the greenback since the beginning of December 2011. Weight will be put on the dollar if the January jobs report is weak. A GDP estimate for the first three months of the year is also...

US dollar gains on Swiss franc9 May at 11 AM 2012

The US dollar gained momentum on the Swiss franc in Tuesday’s risk-off trade, after concerns over Greece’s ongoing politically uncertainty following the weekend elections boosted safe-haven demand, reports Forexpros. USD/CHF reached a session high of 0.9238 in European morning trade; the pair later consolidated at 0.9237, up by 0.35 per cent. The pair was expected to find support at the session low of 0.9194 and resistance at Monday’s high and the two-month high of 0.9270. Investors remained cautious because of concerns about...

India forex reserves fall16 Apr at 4 PM 2012

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 assets, the largest part of the forex reserves kitty, fell to $258.65 billion, dropping by $1.42 billion, in the week under review, says the RBI’s weekly statistical supplement. Although the RBI did...

Euro moves from two week low6 Mar at 6 PM 2012

The euro moved from a two-week low as traders taking profit in the dollar balanced data that highlighted the departing paths of the European and US economies. However fears over the progress of Greece in implementing the debt-restructuring deal are expected to preserve pressure on the single currency this week. Chinese Premier Wen Jiabao's decrease in his country's target for annual growth to 7.5 per cent, the lowest in eight years, also emphasized worries about the global economy. Currency in Australia and New Zealand, which...

Mixed US data trims USD CAD losses16 Feb at 6 PM 2012

The dollar clipped losses compared to the Canadian dollar on Wednesday, following mixed economic data from the States, while investors persisted to watch Greece’s movements towards a second bailout. USD/CAD moved back from 0.9939, the lowest since February 9 for the pair, hitting 0.9965 which is still down 0.24 per cent, reports the website Forex Rate It! Reaction was improved following data from New York showed manufacturing activity had increased more-than-expected in January, rising to the biggest level since June of last year....

Dollar falls again8 Feb at 4 PM 2012

The dollar dropped against the majority of its counterparts on Tuesday as investors embraced risk due to reports of a second Greek bailout package. The dollar fell against the euro to 1.3244, a 0.87 per cent loss. This was due to reports that officials in Greece are completing a final draft of the bailout, and there will be a meeting between coalition leaders and the Prime Minister of Greece Lucas Papademos today, reports the website Forex Rate It. This agreement is essential for Greece to elude default on March 20 by acquiring...

Pound up on the dollar7 Feb at 6 PM 2012

The pound gained against the dollar on Monday, due to upbeat euro zone data, however sterling is still under pressure over concerns of the result of Greek debt talks. GBP/USD came back from 1.5729 to 1.5761, down 0.33%, reports Forex Pros. This was boosted by official data from Germany, which showed that German factory orders increased more-than-expected in December, due to an increased demand outside the euro zone. This data alleviated concerns over the impression of the euro zone’s financial crisis on Germany - the largest economy...