Forex News

Speculations About End of QE Pushes Dollar Upward

NewsInspector — Sat, 18 May 2013 19:11:52 +0000

This week was relatively quiet in terms of news, though some important macroeconomic reports were released. Meanwhile, the US dollar was rising against other most-traded currencies and the Dollar Index surged to the highest level in almost three years.(...)
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Canadian Dollar Slumps as Inflation Decelerates

NewsInspector — Fri, 17 May 2013 22:19:44 +0000

The Canadian dollar slumped today, touching the lowest level since March against its US peer, as inflation slowed last month, decreasing probability of an interest rate hike from the Bank of Canada.(...)
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Chilean Peso Drops vs. Dollar even as Monetary Policy Remains Stable

NewsInspector — Fri, 17 May 2013 19:00:10 +0000

The Chilean peso weakened today against the US dollar even though the central bank refrained from cutting interest rates yesterday. The currency advanced versus the euro.(...)
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Political Infighting Takes Toll on Euro

MMarquit — Fri, 17 May 2013 17:25:48 +0000

Disagreement over the vision of the eurozone is starting to take its toll on the euro. Lack of unified leadership at a time of economic difficult and continued sovereign debt crisis is contributing to the euro hitting a six week low in earlier trading.

(...)
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US Dollar Strengthens on Federal Reserve Comments

MMarquit — Fri, 17 May 2013 16:03:25 +0000

US dollar is heading higher today, surging on the latest news from the Federal Reserve. Comments about the Fed’s quantitive easing program — and its potential end this year — are lending strength to the greenback.

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Slower Malaysia’s Growth Weakens Ringgit

NewsInspector — Fri, 17 May 2013 08:36:48 +0000

The Malaysian ringgit weakened today, heading to a weekly decline that will end the eight-week streak of gains, as country’s economic growth slowed last quarter.(...)
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Labor Unrest in South Africa Hurts Rand

NewsInspector — Fri, 17 May 2013 08:15:36 +0000

The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.(...)
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Moody’s Raises Turkey’s Credit Rating, Lira Remains Soft

NewsInspector — Fri, 17 May 2013 00:12:40 +0000

The Turkish lira was a bit soft today even as Moody’s Investor Service increased Turkey’s credit rating, making nation’s assets more appealing to investors.(...)
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Canadian Dollar Drops on Speculations About End of Fed’s QE

NewsInspector — Thu, 16 May 2013 22:33:46 +0000

The Canadian dollar dropped today as speculations about reduction of quantitative easing by the US Federal Reserve continued, trimming risk appetite of investors and making them less willing to buy risky currencies.(...)
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Euro Mixed Today as Oil Probe Continues

MMarquit — Thu, 16 May 2013 13:03:21 +0000

Euro is mixed today on the Forex market as an oil probe looking into price fixing continues. Recent US economic data is also being taken into consideration, since it demonstrates that maybe recovery is not on the way after all.

(...)
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