After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery,...
The Dollar advanced against most of its major counterparts Thursday as unexpectedly weak U.S. employment and manufacturing data weighed on stocks and other riskier assets, prompting investors to seek the relative safety of the greenback and Japanese...
After tumbling in afternoon trading yesterday, the EUR/USD continued to drop in overnight trading, reaching as low as 1.2780. Analysts attribute the drop to the euro’s inability to stay above the psychologically significant level of 1.2900. Today,...
The EUR rose against the US Dollar and came off 7-week lows against the Japanese Yen on Tuesday, helped by solid results of Irish and Spanish bond auctions which alleviated concerns about the heavily indebted Euro-Zone countries....
Volumes were light during Monday’s trading as the yen climbed versus the major currencies. Japanese Q2 gross domestic product failed to meet market expectations, raising concerns over the pace of the global economic recovery.
The U.S. dollar corrected looses against most of the major currencies during last week’s session, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market, and turned investors to look...
Fears about global growth prospects fueled strong gains by the USD and JPY against most of their counterparts as investors turned to safe haven currencies following a stream of negative economic data from the U.S, China and...
The U.S. currency hovered within sight of a 15-year low versus the Japanese yen on Wednesday after the Federal Reserve announced plans to boost a flagging economy by reinvesting money from maturing mortgage bonds and government debt.
The Federal Reserve is expected to keep its benchmark interest rate unchanged near 0% today, as traders get ready for a busy news cycle. The Fed’s corresponding rate statement is expected to provide an assessment of the...
Following a relatively calm trading week, the U.S. Non-Farm Payrolls data managed to boost volatility in the market, bringing down the U.S. dollar in the process. The dollar fell to an 8-month low against the yen and...
