Forex NewsThe following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all events that affect the foreign exchange trading industry.Forex NewsU.S. Dollar Falls Spectacularly Ahead of FOMC Meeting | 27 April 2011 12:29 PM GMTIn Asian trading today, the U.S. Dollar slipped broadly lower as markets ponder the likely outcome of today’s Federal Open Market Committee Meeting. Euro Slips in Asian Trading as Trichet’s Patience with U.S. Policy Wanes | 26 April 2011 11:16 AM GMTThe common currency Euro slipped slightly against the U.S. Dollar in Asian trading today as Jean-Claude Trichet, the head of the European Central Bank, noted that he shares the same view as other central bankers that the a U.S. Dollar is in the best interest of the United States economy. Global Markets Closed, New Reports Expected | 25 April 2011 11:50 AM GMTDespite the continued chance of debt restructuring in Greece which threatens to wreak havoc on the regional economy, the Euro rallied to a 16-month high against the US dollar as speculation increased that the ECB will continue to raise interest rates this year. U.S. Dollar Index Approaches All Time Record Low | 22 April 2011 9:54 AM GMTThe U.S. Dollar Index remains hovered close to a 3-year low in light Asian trade, underpinned by the likelihood of prolonged low interest rates and a growing U.S. budget deficit. Investors Shun Safe Havens, Sending Dollar Index to 3-Year Low | 21 April 2011 10:22 AM GMTWhetted investor risk appetite has pushed the U.S. Dollar Index to its lowest point in 3 years, and analysts expect that further decline in the index is likely. AUD Reaches Record High | 21 April 2011 10:07 AM GMTAfter the Australian government proved that producer prices surpassed estimated prices, the Australian dollar climbed to a new high. Euro Rebounds in Asia on Interest Rate Hike Speculation | 20 April 2011 10:58 AM GMTCommodity linked currencies, including the common currency Euro and the Australian Dollar, rebounded in Asian trading today with the Euro rising against the U.S. Dollar to $1.4387, a gain of 0.4%. U.S. Dollar Lower Against Yen as Investors Reposition for Yen Slide | 19 April 2011 12:16 PM GMTThe U.S. Dollar edged slightly lower against the Japanese Yen in Tokyo trading as investors pared away their carry trade positions, but most analysts expect that move will be short-lived with hedge fund operators and Japan-based life insurers positioning themselves ahead of what is likely to be another Yen slide. Eurozone Debt Worries Resurface to Hold Euro Lower vs Dollar/Yen | 18 April 2011 11:04 AM GMTIn Asian trading today, as investor focus returns to Eurozone fiscal problems the common currency Euro extended earlier losses against the greenback after failing to break above key resistance. Ireland Downgrade Only Marginally Affects Euro | 15 April 2011 11:02 AM GMTAccording to some analysts, the divergence of the Federal Reserve’s monetary policy from that of the European Central Bank’s is what is driving the disparity between the U.S. Dollar and the common currency Euro.
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| Symbol | Change | High | Low |
|---|
| EUR/USD | -0.0071 | 1.2601 | 1.2499 |
|---|---|---|---|
| AUD/USD | 0.0013 | 0.9798 | 0.9729 |
| EUR/GBP | -0.0024 | 0.8044 | 0.7982 |
| EUR/JPY | -0.31 | 100.32 | 99.5 |
| GBP/USD | -0.0035 | 1.5699 | 1.5633 |
| USD/CAD | 0.0042 | 1.031 | 1.025 |
| USD/CHF | 0.0057 | 0.9609 | 0.9544 |
| USD/JPY | 0.23 | 79.81 | 79.52 |