Germany News - FX Trading

Sat 23 Sep 2017
FX Trading

Germany News

Latest 10 news items tagged Germany

Yen drops against US dollar19 Jun at 9 AM 2013

The yen fell against the US dollar for the second session in a row as some investors expect the Federal Reserve to announce that it intends to bring its economy boosting policy of bond buying to an early close. The euro has also been helped to its highest level in nearly four months after investor and analyst sentiment in Germany rose in June indicating modest recovery. The Fed has been holding a two-day policy meeting and Chairman Ben Bernanke is due to make an announcement later today. Although some believe asset purchases will be...

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...

Yen firm as euro drops20 Feb at 9 AM 2013

Positive economic data coming out of Germany gave the euro a brief boost before the single currency dropped against fears that a fragmented government in Italy following elections at the weekend could damage reform plans. The euro was also hurt by reports that recession across the eurozone could be deeper than anticipated. Following a high of $1.3374, the euro slid to $1.3336. Mario Draghi, President of the European Central Bank, said the euro’s recent appreciation would have to be considered, a sentiment that has worried...

Yen devaluation not meant to hit exchange rates13 Feb at 12 PM 2013

As Japan continues to implement policies to weaken the yen the G7 group has announced that it will not be targeting lower exchange rates. Finance ministers said exchange rates should not be manipulated and should be governed by market forces. A statement has been released in which central bank governors and ministers said they agreed that disorderly movements and excessive volatility in terms of exchange rates could damage financial and economic stability. Although Japan has said its effort to reflate the economy has the support of...

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...

Yen makes gains as the euro drops16 Jan at 9 AM 2013

Following a meeting by the European Central Bank last week that resulted in positive comments about the state of the euro by president Mario Draghi, the single currency lost recent gains by dropping against both the yen and the dollar. Support by Draghi has been offset by Eurogroup chief Jean-Claude Juncker who warned that euro was too high. The euro dropped 0.6 per cent against the greenback to $1.3308. The yen gained 1.3 per cent to end at 118.17 yen. The Japanese currency has also made short-term gains against the dollar and the...

Euro up against dollar on positive German sentiment12 Dec at 9 AM 2012

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 at a three-month low of $1.0533. However, the US currency continues to hold against the yen as an announcement is expected by the Bank of Japan that it too will be ramping up its lending programme...