Forex News

Confusing Comments of Fed Result in Mixed Performance of USD

NewsInspector — Sat, 25 May 2013 12:24:10 +0000

The major theme of this week was speeches of various Federal Reserve members and, most importantly, Chairman Ben Bernanke. Comments of policy makers did not help to understand when the central bank is going to end quantitative easing. The confusion resulted in a mixed performance of the US dollar.(...)
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Japanese Yen Gains amid Risk Aversion

NewsInspector — Sat, 25 May 2013 00:56:55 +0000

The Japanese yen ended Friday with gains as risk aversion attracted investors to the perceived safety of the currency, allowing the yen to move away from multi-year lows that it has reached recently.(...)
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Loonie Closes Lower as Commodities Decline

NewsInspector — Fri, 24 May 2013 23:35:48 +0000

The Canadian dollar fell today as commodities declined on talks that riskier assets have gained too much in the previous days. Such speculations reduced the appeal of currencies tied to performance of raw materials.(...)
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Euro Moves Higher Against the Dollar

MMarquit — Fri, 24 May 2013 13:48:18 +0000

Euro is paring some of its earlier losses, and even moving higher against the US dollar today, getting help from the latest German Ifo reading.

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US Dollar Heads Higher as Risk Aversion Reappears

MMarquit — Fri, 24 May 2013 13:16:47 +0000

Ben Bernanke may be daring investors to buy stocks, but this attempt at encouraging an investment in risk assets doesn’t seem to be working out today. Risk aversion has set in, and the US dollar is higher, and risk assets are lower.

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Swedish Krona Falls vs. Euro as Confidence Slips, Rises vs. Dollar

NewsInspector — Fri, 24 May 2013 12:06:12 +0000

The Swedish krona fell today against the euro, touching the lowest level in a week, after the consumer and manufacturing gauges declined this month, sparking talks about an interest rate cut. The currency advanced versus the US dollar.(...)
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NZ Dollar Drops as Trade Surplus Shrinks

NewsInspector — Fri, 24 May 2013 11:12:07 +0000

The New Zealand dollar fell today as the trade balance surplus shrank last month more than was expected by market participants, adding to concerns about slowdown of global growth.(...)
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Swiss Franc Retains Gains on Risk Aversion

NewsInspector — Fri, 24 May 2013 01:31:07 +0000

The Swiss franc retreated today after jumping yesterday on risk aversion, but retained most of its gains. Additionally, the currency advanced versus the yen, against which it fell yesterday.(...)
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Pound Advances vs. Dollar on UK GDP, Falls vs. Euro & Yen

NewsInspector — Thu, 23 May 2013 20:32:56 +0000

The Great Britain pound advanced today versus the US dollar after the second revision of GDP data confirmed that the nation’s economy emerged from recession. At the same time, the currency weakened against the euro and the Japanese yen.(...)
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Canadian Dollar Teeters Between Gains and Losses

MMarquit — Thu, 23 May 2013 15:06:57 +0000

Canadian dollar is experiencing very choppy trading today, moving between gains and losses against major counterparts as traders and investors try to figure out what to do next.

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