With the US entering the ring, even if only for half a round, risk is back on as rumours are circulating that the Swiss National Bank might raise the floor on the EURCHF. The 1.20 floor inserted in early September has so far proved effective with the EURCHF currently hovering Read More Euro Comeback on [...]
Posted in FX News | Tagged comeback, euro, on, rumours, snb |
With rumors swirling that the Swiss National Bank would be making an important announcement at 4PM GMT, market participants sold Swiss franc and bought euro, and pretty much every other currency against the franc, on speculation that the announcement could be that the SNB will raise the EUR/CHF floor to Read More CHF Losses Ease [...]
Posted in FX News | Tagged announcement, as, chf, doesnt, ease, happen, losses, slightly, snb, speculated |
With everything that is going in Europe it’s been easy to forget the UK. However, on Tuesday Chancellor George Osborne will present his annual Autumn Budget statement. This is usually just an update on growth forecasts, however the pressure is on the Chancellor this time round as growth slows and Read More UK Will George [...]
Posted in FX News | Tagged blues, ease, george, help, osborne, the, uk, will, winter |
Two developments today regarding banks and bondholders "private sector involvement" or PSI. First, it seems that Greece will be driving a hard bargain against bondholders as they engage in direct negotiations, including methods that force those not "voluntary" participating to also face write-downs. Usually, larger writedown and concerns about a Read More Greece Bargains with [...]
Posted in FX News | Tagged bailout, banks, bargains, fund, future, greece, in, involvement, no, on, private, psi, sector, though, with |
US dollar is heading higher on?the?Forex market, gaining as?traders look for?safe haven in?the?face of?more European troubles. This time, it’s a?credit rating cut for?Belgium. (…)Read the rest of US Dollar Gains as Europe Continues to Struggle (151 words) Posted on Forex News. Read More US Dollar Gains as Europe Continues to Struggle
Posted in FX News | Tagged as, continues, dollar, europe, gains, struggle, to, us |
Risk aversion was the main driver today on the Forex market, as the week came to a close. With risk aversion rising, the Canadian dollar dropped, ending the week on a lower note against the US dollar. (…)Read the rest of Canadian Dollar Falls as Risk Aversion Rises (150 words) Posted on Forex News. Read More Canadian Dollar Falls as Risk Aversion Rises
Posted in FX News | Tagged as, aversion, canadian, dollar, falls, rises, risk |
The euro dropped against the dollar and the yen to the lowest rate since October and retreated versus the pound today as there are no sings that the crisis in Europe may end.(…)Read the rest of Euro Lowest Since October (136 words) Posted on Forex News. Read More Euro Lowest Since October
Posted in FX News | Tagged euro, lowest, october, since |
The Great Britain pound closed higher against most of the major currencies, including the Japanese yen, the euro and the Swiss franc, though fell versus the US dollar, as the ongoing debt issues in the European Union made traders to consider the sterling something like a refuge from Europe’s problems.(…)Read the rest of Pound Profits from Europe’s Woes (98 words) Posted on Forex News. Read More Pound Profits from Europes [...]
Posted in FX News | Tagged europes, from, pound, profits, woes |
The euro fell against the US dollar for the fourth week in a row, posting the longest losing streak in 18 months. The currency also fell against the Japanese yen, declining for the third week. But the UK pound managed to perform even worse than the shared European currency, therefore the euro was up versus the UK currency this week after three weeks of losses.(…)Read the rest of EUR/USD Down for Fourth Week [...]
Posted in FX News | Tagged down, eurusd, for, fourth, week |
Read More Euro Bracing for EU FinMin Summit, ECB Role in Crisis Fix in Focus
Posted in FX News | Tagged bracing, crisis, ecb, eu, euro, finmin, fix, focus, for, in, role, summit |
