Daily Forex News
Forex news is an integral part of the trading process, and our goal is to provide you with the Forex trading news you need to be successful. Our daily Forex news is written by industry veterans with years of trading and reporting experience, so that you can get the information you need without the fluff. Read our Forex news now!
Yen Slips Lower on Government Comments | 20 May 2013 10:08 AM GMT
The Japanese Yen edged higher and moved away from a recently struck 4½ year trough versus its main rival the U.S. Dollar following comments made by the country’s economy minister who hinted at the government’s possible satisfaction wit the Yen’s current price level.
Dollar Bounces in Volatile Asian Session | 17 May 2013 10:15 AM GMT
In spite of excessive volatility following comments from one of the U.S. Federal Reserve governors who hinted at an end to the Fed’s easing measures later this year, the U.S. Dollar was able to recover and move higher versus the common currency Euro and Japanese Yen once again
Euro Lower as Eurozone Growth Stalls | 16 May 2013 9:25 AM GMT
While the evidence continues to mount of a recovery in the U.S. economy the reverse is true in the Eurozone where new data has given rise to speculation that the European Central Bank may now move to a more aggressive easing policy to halt the slowdown
Greenback Gets More Supportive Data | 15 May 2013 10:36 AM GMT
The U.S. Dollar retreated against the Japanese Yen during the Asian session but kept within striking distance of the recent 4½ year peak; the U.S.
Dollar Poised to Resume Rally | 14 May 2013 11:08 AM GMT
During the Asian trading session the U.S. Dollar Index slipped off a 5-week peak as investors’ profit taking sent the greenback broadly lower ahead of inflation and other key economic data which are likely to be the impetus for a change in the Fed’s monetary policy.
Yen’s Fall Gets G7 Backing | 13 May 2013 9:29 AM GMT
The Japanese Yen slipped back from a recently struck 4½ year low versus the U.S. Dollar though additional deterioration is likely say currency analysts now that the G7 appears to have condoned the Bank of Japan’s monetary policy of aggressive easing as a statement issued by Britain’s George Osborne said only that the Group’s commitment to avoid targeting forex rates has been complied with
After 100.0 Break It’s Full Steam Ahead for USD/JPY | 10 May 2013 9:28 AM GMT
At long last, investors have finally seen the USD/JPY pair break through the elusive 100 level and edge even higher towards 101. Currency analysts believe that the recent signs of improvement for U.S. labor, coupled with the Federal Reserve Bank’s promise to begin curtailing its asset purchase program, has helped to restore investors’ confidence in the U.S. economic recovery.
Improved Risk Sentiment Gives Boost to Euro | 09 May 2013 9:53 AM GMT
The release of unexpectedly improved March factory activity figures from Germany gave a lift to the common currency which stayed close to a 1-week peak against the greenback
Aussie Steadies as Kiwi Falls on RBNZ Action | 08 May 2013 10:05 AM GMT
A day following the Reserve Bank of Australia’s rate cutting announcement which sent the Australian Dollar markedly lower, the Aussie gets a reprieve on unexpectedly improved trade data from China which is its primary export destination.
AUD Falls on Rate Cute, EUR Struggles | 07 May 2013 8:40 AM GMT
As reported at 10:36 a.m. (JST) in Tokyo, the EUR/USD pair had been trading at a session low of $1.3053, well below Monday’s peak of $1.3141; it has since recovered and is holding at $1.3081. The full story is here.
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