Forex News

Market Sentiment Shifts, CAD Goes Upward

NewsInspector — Wed, 08 Feb 2012 00:13:35 +0000

The Canadian dollar gained versus its US counterpart and the Japanese yen, while fell against the euro, as Forex traders view the talks about new portion of a bailout to Greece in the positive light again.(...)
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Aussie Jumps to Six-Month Record as Stevens Surprises Traders

NewsInspector — Tue, 07 Feb 2012 16:39:33 +0000

The Australian dollar climbed today, erasing yesterday’s losses versus the US dollar and the Japanese yen and reaching the highest level in six months against the greenback, after the Reserve Bank of Australia surprised Forex traders by keeping its interest rates unchanged.(...)
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Aussie Finds Support in Forex Trading

MMarquit — Tue, 07 Feb 2012 15:20:11 +0000

Aussie is finding support in forex trading today as Forex traders scramble to make up for the fact that they had priced in a 0.25% cut to the interest rate. Instead of cutting, though, the Reserve Bank of Australia kept rates steady at 4.25%. The central bank considers the economic progress Down Under to be sufficient to allow for yields to remain higher.

(...)
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Euro Holds Steady as Traders Await News from Greece

MMarquit — Tue, 07 Feb 2012 14:18:02 +0000

Euro is holding steady right now as Forex traders wait for news about what’s next for Greece. Financial markets around the world are waiting to see whether or not Greece will accept the austerity measures that are required for a bailout. If Greece accepts, 130 billion euros will be offered and the country will avoid default. If Greece refuses the austerity measures, it could mean a default — and the destabilization of the entire eurozone.

(...)
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Brazil’s Real Down as Traders Await End of Greek Troubles

NewsInspector — Mon, 06 Feb 2012 16:27:39 +0000

The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets.(...)
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UK Pound Gains against a Weakened Euro

MMarquit — Mon, 06 Feb 2012 16:18:37 +0000

UK pound is gaining against a weaker euro today, heading higher as worries about Greek debt resume. Greek talks have been suspended for a short time, even though Greek PM Lucas Papademos said that some progress had been made recently. The pound, though, is down against the US dollar as risk aversion sets in.

(...)
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Japanese Yen Gets a Boost on Greece

MMarquit — Mon, 06 Feb 2012 14:53:10 +0000

Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today.

(...)
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Euro Drops as Talks Between Greece & Creditors Near to Conclusion

NewsInspector — Mon, 06 Feb 2012 10:59:36 +0000

The euro declined today before results of talks between Greece and its creditors will be revealed. Traders are nervous as the outcome of the discussions is uncertain and they thought that keeping the euro is too risky.(...)
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Good Employment Rescues Dollar After Week of Bad Data

NewsInspector — Sat, 04 Feb 2012 16:38:42 +0000

The US dollar had a mixed week as there was plenty of negative data from the United States, yet there also were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies.(...)
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NZ Dollar at Record vs. Euro as US Employers Add Jobs

NewsInspector — Sat, 04 Feb 2012 06:39:39 +0000

The New Zealand dollar climbed today, reaching the all-time high versus the euro, after positive employment data from the United States bolstered risk appetite among Forex traders, making them prefer higher-yielding currencies.(...)
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