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Sat 23 Sep 2017
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Forex Trading News

Latest 10 news items tagged Forex Trading

US dollar in the doldrums24 Jul at 9 AM 2013

A basket of major currencies has been given a boost as the US dollar remains weak. However, just how weak the greenback remains will depend of Chinese data due to be published today. If the second biggest economy on the planet shows disappointing growth, investors are likely to return to the dollar for comfort. The euro has been given some reprieve and has managed to rise as high as $1.3239, its highest level since 21 June. The dollar continues to struggle to climb above the 100 yen barrier, but the single currency is performing well...

US dollar down 17 Jul at 9 AM 2013

The dollar has weakened as Ben Bernanke, head of the US Federal Reserve, is expected to avoid being too hawkish in front of Congress. Investors are watching closely to see how a tapering back of quantitative easing will eventually impact the markets. The dollar index, a measure of the greenback against a number of other leading currencies, was close to its lowest level in three weeks at 82.639, a drop of 0.6 per cent. However, the dollar managed to recover 0.3 per cent against the yen to hit 99.35. This is still lower than the...

Dollar strengthens against yen and euro26 Jun at 9 AM 2013

The US dollar has rallied against both the yen and the euro after earlier losses. The greenback has benefitted from economic data that supports the Federal Reserve’s decision to look at pulling in its policy of money printing as early as this year. The central bank has been buying bonds in an attempt to boost the economy but Fed chief Ben Bernanke said if the figures remain firm this could be slowed before the end of this year. The Commerce Department said durable goods orders were up by a better than anticipated 3.6 per cent...

US dollar recovers against the yen12 Jun at 9 AM 2013

The US dollar has managed to regain some ground against the yen after tumbling to its lowest level against the Japanese currency in three years. The fall came after the Bank of Japan revealed it was not currently planning to introduce any new monetary stimulus measures. Having previously sunk as low as 95.60 the dollar clawed itself back to 96.77, a bounce of 0.8 per cent. The euro also managed to regain some ground by rising 0.7 per cent to end at 128.76 yen. Many investors had expected the BoJ to announce an extension of its easy...

Interest rate cut rumours put pressure on euro29 May at 9 AM 2013

Threats that the European Central Bank could be about to introduce a cut in interest rates saw the euro drop 0.8 per cent on Tuesday to $1.2860. The ECB has also suggested that quantitative easing will remain in place for the time being. Meanwhile the US dollar is attracting investor interest as economic data indicates that the country is back on the road to recovery. If the data continues to be strong then the Federal Reserve could decide to end its easy money strategy early. This would further support the greenback. The yen has...

Yen under pressure as dollar remains strong15 May at 9 AM 2013

Aggressive monetary easing by the Bank of Japan continues to put pressure on the yen. The dollar is currently hovering around its highest level against its Japanese rival since the end of 2008. The greenback is worth 102.24 yen and many analysts expect it to rise further over the coming weeks. The euro is holding steady at $1.2935 although a decision by the European Central Bank to drive deposit rates down could put fresh pressure on the single currency. Against the yen the euro is trading at 132.11 yen after hitting a three-year...

New Zealand dollar down against the greenback8 May at 9 AM 2013

The New Zealand dollar has dropped against its US counterpart ahead of an announcement due to be made by the Reserve Bank of New Zealand later. Although nobody expects the central bank to declare an interest rate cut, concerns have already been voiced about the current strength of the Kiwi dollar. The currency is currently trading at 0.8379, a fall of 0.95 per cent. Although the RBNZ has so far avoided entering into quantitative easing to push down the value of the Kiwi, the strength of the dollar is having an impact on the country’s...

Euro dips slightly against the dollar1 May at 9 AM 2013

A meeting this week at the European Central Bank could result in a cut in interest rates in order to boost the economy. The International Monetary Fund is asking the central bank to drop the rate from its current level of 0.75 per cent as many countries in the bloc continue to struggle. The euro has dipped slightly against the US dollar as a result and is presently trading down 0.2 per cent at $1.3164. However, the greenback is also suffering because of a raft of negative economic data coming out of the US. Although productivity...

Aussie dollar takes a tumble24 Apr at 9 AM 2013

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 to 100.98, a slide of 0.9 per cent. The yen has managed a slight rally against most other major currencies. The dollar fell 0.6 per cent to 98.71 yen. However, most analysts believe that a strict...

Dollar continues to perform well against yen10 Apr at 9 AM 2013

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 announcement by Germany that February export figures dropped by 1.5 per cent in February. Many analysts had been expecting a fall of just 0.3 per cent. The UK’s Office for National Statistics has confirmed...