The euro saw mild upward movement during yesterday’s trading session, as gains in stocks drove investors toward riskier assets. That being said, analysts are warning that debt worries in Spain and Portugal still have the potential to...
The Japanese yen saw gains virtually across the board during yesterday’s trading session, as risk aversion continued to dominate market sentiment. Investor fears regarding a euro-zone recession and poor US fundamentals drove the JPY to a one-month...
Safe haven currencies, in particular the Japanese yen, started off the week on a bullish note as investors continued to digest last week’s disappointing US Non-Farm Payrolls figure. The US added just 120K jobs last month, significantly...
The USD reversed some of its earlier gains on Friday, following a worse than expected Non-Farm Payrolls figure which highlighted just how slowly the US economic recovery is progressing.
The euro continued to slide throughout yesterday’s trading session as risk aversion dominated market sentiment. The common currency dropped to a three-week low against both the US dollar and Japanese yen, while the EUR/CHF dropped below 1.2000...
The US dollar saw significant gains against virtually all of its main currency rivals yesterday, as positive US fundamental data helped boost confidence in the US economy. The AUD/USD dropped to an 11-week low, while the EUR/USD...
The EUR/USD, which had come within a one-week high during the overnight session yesterday, once again fell below the 1.3300 level during European trading. Analysts attributed the bearish correction to ongoing uncertainties regarding the euro-zone economic recovery.
Fears regarding the pace of the global economic recovery sent riskier assets lower during yesterday’s session. The EUR/USD fell some 90 pips during the European session, while the EUR/JPY tumbled close to 150 pips.
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
The USD was able to stage a recovery during yesterday’s trading session following two economic indicators showing an increase in US production last month. Yesterday’s Core Durable Goods Orders figure, considered a leading indicator of production in...
