DailyForex | Forex News (Page 4 of 104)

Euro Hits 10-Year Low Against Yen | 29 December 2011 9:30 AM GMT

In Asian trading today the Euro hit a 10-year low against the Japanese Yen, resulting from stop-loss selling in the EUR/JPY pair. And, although analysts expect the single currency to stay weak in the coming days, there was some happy news coming from the region, specifically from Italy, where the Italian Treasury was able to pay significantly less for borrowing money on a six-month term than it did last month.

Euro Treads Water Above 11-Month Low | 28 December 2011 9:01 AM GMT

The common currency Euro managed to remain above the recently struck 11-month low against the U.S. Dollar, even as traders keep a close watch on the outcome of the upcoming Italian sovereign debt auction.

Asian Stocks Fall, Yuan Hits High | 27 December 2011 9:02 AM GMT

Asian stocks were lower during Tuesday’s trading as investors expressed concern about the status of the Eurozone debt crisis in the coming quarter and weak holiday sales in the US.

Dollar Holds Onto Last Week’s Losses | 26 December 2011 10:00 AM GMT

The slow return to trading did little to erase last week’s losses for the US Dollar, as investors anticipate a rise in US consumer confidence to be published in tomorrow’s report. A somewhat strong fourth quarter in the US has eroded the pessimism that had been plaguing consumers, and the subsequent rise in confidence has halted the purchase of the greenback.

Euro Holding Its Own in Thin Trading | 23 December 2011 9:03 AM GMT

In thin trading in the run up to the Christmas holiday, the Euro edged higher against the U.S. Dollar but still on track to close out the year lower as investors worry that the Eurozone’s debt crisis will linger long into the new year.

Euro Lags as ECB Offering Disappoints | 22 December 2011 9:06 AM GMT

Following an initial rally on the news that the ECB’s latest offering had been so well received, the euphoria quickly waned as market players understood that the offer was essentially only a liquidity operation, and could not in any way solve the underlying problem of the Eurozone debt crisis.

Euro Gets a Lift on ECB Loan Promise | 21 December 2011 9:08 AM GMT

The common currency extended Tuesday’s gains during Asian trading as investors’ hope builds that the European Central Bank’s most recent offer of longer-term loans could help the Eurozone’s banks with their liquidity problems.

Comments by ECB Head Weigh on Euro | 20 December 2011 10:00 AM GMT

In Asian trading, the Euro remained close to an 11-month trough following comments made by the head of the European Central Bank which dashed any hopes that they would take on a greater role in the resolution of the Eurozone debt crisis.

Safe Havens Get a Lift in Asian Trade | 19 December 2011 9:00 AM GMT

The U.S. Dollar saw gains in Tokyo trading following the news that the long-serving leader of North Korea, Kim Jong-il, has died, which lent support to the safe-haven currency.

Euro’s Slide Stops, But for How Long? | 16 December 2011 9:00 AM GMT

The Euro’s slide to an 11-month low appears to have skidded to a halt, but the common currency remains vulnerable to further losses so long as the Eurozone crisis is unresolved.