Live Forex News - FX Trading

Sat 23 Sep 2017
FX Trading

Live Forex News

Latest 10 news items tagged Live Forex

Dollar down ahead of Fed meeting31 Jul at 9 AM 2013

The dollar has dropped against the euro as investors and analysts expect the Federal Reserve to continue its loose monetary policy. Recently the greenback rallied because Fed chairman Ben Bernanke suggested that quantitative easing could be reined in on the back of positive growth in the US economy. However, second quarter gross domestic product figures are expected to be softer than first quarter data. If this proves to be the case then the US central bank is likely to keep interest rates down. This will make the greenback less...

Euro steady ahead of bond sales in Spain and Italy13 Mar at 9 AM 2013

The recent sell-off of the yen appears to have been put on pause, but it is likely that a further weakening of the Japanese currency will come as the Bank of Japan implements additional policy easing. Following a peak of 96.71 yen yesterday, the dollar has retreated 0.2 per cent to 95.85 yen. Publication of minutes from a meeting at the BoJ in February suggest that policymakers will be more open to the aggressive stimulus plans expected to be announced by the new governor of the central bank than previously thought. This will see the...

Euro drops against dollar and yen14 Nov at 9 AM 2012

The euro is hovering at its lowest level in nearly two months as weak economic data coming from Germany shows that even the eurozone’s strongest economy is not immune to the problems being experienced by its neighbours. The single currency has also been hit by uncertainty over the situation in Greece. A weak ZEW sentiment survey from Germany saw the euro trade at $1.2702. However, there are indications that aid could flow to Athens as international lenders consider sending more cash. Reports in the German press that a single payment...

Euro falls for second week in a row29 Sep at 10 AM 2012

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 economy, but Spain has stated that it will only request 40bn euros. European governments, however, have put aside a 100bn euros for the country’s banking sector. RBS Securities currency strategist...

Spain financial request talk pushes euro up 22 Sep at 2 PM 2012

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 pensions as a way of complying with the conditions of the international bailout package. But although the euro delivered a strong day, traders said that further gains were unlikely as there is still some...

Dollar and yen rise on global growth20 Sep at 4 PM 2012

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 ground. Western Union Business Solutions senior market analyst Joe Manimbo said that global growth concerns have restarted which is affecting investor confidence and providing a boost to the yen and the...

Merkel and Holland meet to discuss Greek debt extension23 Aug at 11 AM 2012

The French are German leaders are due to meet today in Berlin to discuss whether or not Greece will be given more time in order to make the cuts required by its bailout package. Francois Holland, the French president and Angela Merkel, the German Chancellor will also meet Greek Prime Minister Antonis Samaras after Jean-Claude Juncker, the Eurozone chief, suggested yesterday that an extension was still an option. Greece remains in a deep recession and is still to finalise its programme of reforms and spending cuts that will help it pay...

Dollar gains more ground on the yen16 Aug at 9 AM 2012

Early trading in Asia on Thursday saw the dollar hit a one-month peak versus the yen, climbing further ahead after strong US data this week led to Treasury yields rising and calmed hopes of the Federal Reserve kicking off a new round of quantitative easing. Data released on Wednesday was largely positive as the US industrial output went up last month, while this month has so far has seen the housing market sentiment jump to its highest level since 2007. This was on the back of US retail sales data the previous day which showed the...

Euro rises for second consecutive day14 Aug at 4 PM 2012

The euro enjoyed a second successive day of growth on Tuesday, boosted by positive growth data from France and Germany. However, these temporary gains could be short lived as the wider euro bloc remains in a worrying slowdown. Germany released data which showed gross domestic profit had risen by 0.3 per cent over the second quarter, while France unexpectedly avoided contracting in the same period. The outlook for the region as a whole is not as positive, with analysts predicting a 0.2 per cent contraction in Q2, on the back of a...

US jobs data sees dollar fall and euro climb4 Aug at 2 PM 2012

The dollar lost ground on Friday as better-than-anticipated jobs growth in the US in July and optimism that European authorities may be able to contain the bloc’s debt crisis had investors swaying towards risk, leading to the highest daily euro gain for a month. The single currency had already started to climb before the jobs data was released as there was more optimism about Thursday’s European Central Bank meeting, in which the bank indicated that it was ready to carry out further action to support Italy and Spain. In the US,...