DailyForex | Forex News (Page 5 of 104)

Forex News

The 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.

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Forex News

Euro Holds Steady near 11-Month Low | 15 December 2011 9:00 AM GMT

The Euro managed to creep higher during the Asian trading session but still remains stubbornly close to an 11-month low which was struck on Wednesday. Market players cite ongoing worries over a Eurozone resolution as the primary reason for the sell-off.

Fed’s Decision Sends Euro Lower | 14 December 2011 9:00 AM GMT

Following the announcement by the U.S. Federal Reserve Bank that they would leave their monetary policy unchanged, the Euro sank against the greenback, and stayed close to an 11-month low.

Fear of EU Rating Cut Hurts Markets | 13 December 2011 10:00 AM GMT

A continually strong US Dollar has pushed gold prices to the lowest they’ve been in the past 7 weeks. Although leaders at last week’s EU summit agreed to a plan to build a rescue fund, the Fitch Ratings has commented that this plan did not sufficiently ease the pressure on the region’s sovereign bond ratings.

Euro Dips as Summit Outcome Disappoints | 12 December 2011 9:00 AM GMT

As was generally expected, the outcome of the last European Union summit left investors unsatisfied and the Euro, as a result, fell in Asian trading against the U.S. Dollar.

Euro Turns Sour after ECB Announcement | 09 December 2011 9:30 AM GMT

After an expected ECB decision which was followed by a disappointing press conference, the Euro took a turn for the worse and struggled to find footing in Asian trade.

ECB Summit: ECB 2 for 2 on Rate Cuts | 08 December 2011 3:16 PM GMT

As markets and analysts had been expecting, earlier today the European Central Bank announced another 25 basis point reduction to its benchmark interest rates, bringing the new rate to a record low 1%. Mario Draghi, the newly installed head of the ECB who assumed the role less than two months ago, appears to have set a fairly aggressive goal to reverse the previous administration’s tight monetary policy.

Euro Warily Traded as ECB Meeting Looms | 08 December 2011 9:20 AM GMT

The common currency Euro remains steady as the European Central Bank is set to make what many believe will be its second consecutive interest rate cut later in the trading day.

Markets Eye ECB Meeting for Direction | 07 December 2011 8:55 AM GMT

Market players remain cautiously optimistic that a resolution to the debt crisis will be provided by the Eurozone’s leadership, as they prepare to meet later this week for what is being deemed as a make-or-break E.U.

Euro Under Pressure as S&P Warns | 06 December 2011 9:45 AM GMT

Standard & Poor’s rating agency has said that they might embark on the credit downgrade of the Eurozone members en masse, unless the Eurozone leaderships find a definitive solution to solving the debt crisis which has plagued the region for the better part of two years.

Euro Firms as Markets Focus on Eurozone | 05 December 2011 9:20 AM GMT

The Euro is seeing some positive momentum in the Asian trading session on investor hopes of a definitive resolution to the European debt crisis as a crucial summit begins later this week.