Forex News

Euro Holding On in Forex Trading

MMarquit — Fri, 27 Jan 2012 15:26:28 +0000

Euro is managing to hold to most gains made earlier today, thanks to a bit of hope out of Greece, and disappointing economic data. However, some of the euro’s early gains have been pared, and risk aversion could overpower the 17-nation currency, and send it lower.

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US Dollar Remains Lower

MMarquit — Fri, 27 Jan 2012 14:22:53 +0000

US dollar remains lower on the Forex market, dropping as economic conditions continue to exert downward pressure. Greenback is lower as the latest news comes in about the GDP, and as Forex traders continue to weigh the latest statements from policymakers in the United States.

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Ruble Slows Rally vs. Dollar as Bank Rossii Sells Currency

NewsInspector — Fri, 27 Jan 2012 12:50:11 +0000

The Russian ruble slowed its rally against the US dollar today on speculation the nation’s central bank sold the currency. The ruble currently is above the opening price, indicating that it may yet continue its rally.(...)
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Iraqi Dinar Gains vs. Dollar, Falls Back to Opening

NewsInspector — Fri, 27 Jan 2012 11:55:03 +0000

The Iraqi dinar gained against the dollar today, but fell back to the opening level later as tensions between Sunni, Shi’ite and Kurdish political groups intensify, adding to the political turmoil and preventing an introduction of the much needed oil law.(...)
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CAD Reaches Parity vs. USD, Retreats

NewsInspector — Fri, 27 Jan 2012 07:45:03 +0000

The Canadian dollar reached parity with its US peer yesterday, but retreated today as negative macroeconomic data from the United States decreased willingness of Forex traders to buy riskier currencies.(...)
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Euro Weakens as Greece Argues with Creditors

NewsInspector — Fri, 27 Jan 2012 05:34:31 +0000

The euro erased its yesterday’s gains against the US dollar and was flat today as Greece struggles to reach an agreement with creditors on a debt reduction. The currency fell versus the Japanese yen yesterday and continued to fall today.(...)
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UK Pound Gains Against US Dollar, But Drops Against Euro

MMarquit — Thu, 26 Jan 2012 16:04:19 +0000

UK pound is higher against the US dollar today, gaining as other currencies, in general, are preferred to the greenback. However, the UK pound is down against the euro, as well as down against commodity currencies today.

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Australian Dollar Gains on Risk Appetite

MMarquit — Thu, 26 Jan 2012 14:34:49 +0000

Australian dollar is gaining almost across the board today as risk appetite returns the Forex market. Some are interested in the idea that the news Federal Reserve won’t raise interest rates until 2014, and others assume that the Fed will increase bond purchases in the hopes that it can further stimulate the US economy, especially the labor market. Also helping the Aussie: News that Russia will start using it as a reserve currency.

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CAD Jumps to Highest Since November as Fed Keeps Rates Low

NewsInspector — Thu, 26 Jan 2012 05:35:17 +0000

The Canadian dollar rallied yesterday and reached the highest since November today versus the US dollar and the Japanese yen as the Federal Reserve plans to keep interest rates exceptionally low till at least late 2014.(...)
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Greenback Gains as Risk Aversion Rises

MMarquit — Wed, 25 Jan 2012 15:51:08 +0000

Greenback is gaining today on the Forex market as risk aversion rises. Uncertainty over what’s next for Greece, and how it will affect the eurozone, is pressuring the euro and helping the US dollar. Additionally, many Forex traders and investors are waiting for the latest policy announcement from the Federal Open Market Committee.

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