Forecasts from economists polled by Reuters centred on 50 billion pounds more being pumped into the economy – effectively flooding the market with more pounds which would be likely to weaken demand. "GBPUSD (sterling/dollar) rebounds remain selling … 31 Vote(s) Read More Euro steady vs sterling, market awaiting Greek deal
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The New Zealand dollar climbed today, reaching the all-time high versus the euro, after positive employment data from the United States bolstered risk appetite among Forex traders, making them prefer higher-yielding currencies.(…)Read the rest of NZ Dollar at Record vs. Euro as US Employers Add Jobs (120 words) Posted on Forex News. Read More NZ Dollar at Record vs [...]
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The Australian dollar strengthened today even after a report showed that nation’s consumer price inflation stalled in the fourth quarter of 2011. The currency reached a record high since November against the yen as Japan’s trade deficit widened.(…)Read the rest of AUD Rises Even as Inflation Stalls, Reaches Record vs. JPY (120 words) Posted on Forex News. Read More AUD Rises Even as Inflation [...]
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The US dollar erased its losses against the euro today after a report showed that France’s GDP increased in the last quarter less than was previously estimated. The greenback rose versus the pound, but dropped against the yen.(…)Read the rest of Dollar Erases Losses vs. Euro (100 words) Posted on Forex News. Read More Dollar Erases Losses vs Euro
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NY started off with a bang on the back of a well subscribed Spanish bond auction and positive US data surprises (US jobless claims, Empire Manufacturing, Philly Fed). However, US equities slipped and slid ahead of the closing bell to end with gains of just +0.35%, on average, as Read More G10 Knocking On S [...]
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The dollar fell to 77.18 Japanese yen from 77.66 Japanese yen, to 0.8994 Swiss franc from 0.9076 Swiss franc and to 1.0123 Canadian dollar from 1.0195 Canadian dollar. The dollar was also lower against most other currencies around the world, … 26 Vote(s) Read More Euro gains vs dollar on progress in Italy, Greece
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The Great Britain pound gained this week against the dollar and the yen as the optimism caused by the revelation of the plans to battle the sovereign-debt crisis in Europe damped demand for safer assets. That same optimism allowed the euro to outperform the pound.(…)Read the rest of Europe Made Pound Stronger vs. Safer Currencies, Weaker vs. Euro (150 words) Posted on Forex News. Read More Europe Made Pound Stronger vs Safer [...]
Posted in FX News | Tagged currencies, euro, europe, made, pound, safer, stronger, vs, weaker
The optimism about Europe has left markets and traders were leaving riskier currencies, especially the euro. As a result, the Canadian dollar fell versus the ”safe” yen, but gained against the euro.(…)Read the rest of Loonie Higher vs. Euro, Lower vs. Yen as Concerns for Europe Return (159 words) Posted on Forex News. Read More Loonie Higher vs Euro, Lower vs Yen as [...]
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The Swiss franc gained as the problems in Europe made traders flock to the currency, even though it’s hard now to be consider the Swissie a ”safe currency” after the euro-peg was implemented by the central bank. That peg was likely the reason the franc wasn’t been able to rise against the euro, while the troubling signs from Switzerland itself made investors prefer to buy the yen than the Swiss currency.(…)Read the rest of Franc [...]
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While the GBP/USD has gained in today session as a result of higher risk appetite and therefore broad dollar weakness, if we look at some other pound crosses including the GBP/AUD, EUR/GBP, GBP/NZD, GBP/CAD, and the GBP/CHF we see the pound on the back and of today’s sharp moves. It Read More The UK Fundamental [...]
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