Earlier, several central banks announced coordinated action to keep US dollars cheaper. The move has prompted a gain in risk appetite that is helping the Canadian dollar today on the Forex market. (…)Read the rest of Loonie Surges as Central Bank Move Sinks Greenback (139 words) Posted on Forex News. Read More Loonie Surges as Central Bank Move Sinks Greenback
The dollar was under pressure as risk sentiment continued to improve amid the release of the FOMC minutes and speeches from key officials. High beta currencies (AUD,NZD,CAD) outperformed as equities surged (DJIA finished up about +0.90% and S&P 500 closed higher by around +0.97%). The only G10 currency that was Read More Greenback Weaker Amid [...]
The Australian dollar dropped below the parity level with its US counterpart as signs of slower manufacturing in China and falling stocks weakened demand for Australia’s currency.(…)Read the rest of Aussie Below Parity with Greenback (47 words) Posted on Forex News. Read More Aussie Below Parity with Greenback
A massive intervention to weaken the JPY and another swoon in risk appetite have catapulted the USD for sharp gains. How long will the intervention keep JPY crosses off their lows? In the Asian session, the Bank of Japan stepped in under the guidance of the Ministry of Finance and, though Read More JPY Intervention [...]
The US dollar weakened today, falling to the lowest level in almost a week against the euro, as hopes that the European leaders would find a way out of crisis diminished need in safe currencies.(…)Read the rest of Optimism for Europe Returns, Greenback Suffers (104 words) Posted on Forex News. Read More Optimism for Europe Returns, Greenback Suffers
The Canadian dollar weakened versus its US counterpart as the problems in Europe and prospects of slower economic growth in China made the US currency more preferable to the Canadian one.(…)Read the rest of Loonie Declines vs. Greenback, Remains Strong vs. Majors (168 words) Posted on Forex News. Read More Loonie Declines vs Greenback, Remains Strong vs Majors
The Canadian dollar gained versus the US dollar today, after reaching yesterday the lowest level in more than three months, as crude oil slowed its decline and stock advanced.(…)Read the rest of Canadian Dollar Rebounds vs. Greenback on Stocks & Oil (115 words) Posted on Forex News. Read More Canadian Dollar Rebounds vs Greenback on Stocks dan Oil
The Canadian dollar advanced versus the US dollar on the good outlook for today’s Canadian macroeconomic reports, while fell against the euro as promises of resolution of the Greek crisis bolstered Europe’s shared currency.(…)Read the rest of Loonie Gains vs. Greenback on Fundamentals, Falls vs. Euro (108 words) Posted on Forex News. Read More Loonie Gains vs Greenback on Fundamentals, Falls vs Euro
Forex Boy
Greenback Little Moved After Bernanke Commentary on Fiscal Sustainability
Federal Reserve Chairman Ben Bernanke’s comments at the Annual Conference of the Committee for a Responsible Federal Budget levied little relief for the U.S. Dollar, which has been among the worst performing currencies in Tuesday’s session. Read More Greenback Little Moved After Bernanke Commentary on Fiscal Sustainability
Posted in FX News | Tagged after, bernanke, Commentary, fiscal, greenback, little, moved, on, sustainability | Leave a response