DailyForex News

Forex News

Safe-haven Currencies Slip with Promise of Assistance for Dubai Banks
Monday, November 30, 2009 GMT

Market fears about the potential default of mounting debt in the United Arab Emirates has been assuaged, following the central bank’s move to provide emergency assistance to Dubai’s financial institutions.
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Dubai Debt Worries Spur Investors to Safe-Haven Yen
Friday, November 27, 2009 GMT

The Japanese Yen continues to rise versus the U.S. Dollar, touching on its highest trade in 14 years. As reported at 3:31 p.m. (JST) in Tokyo, the Yen traded at 84.82 Yen, the highest point since 1995, before retreating to 86.05 Yen, a .6% rise on the day.

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Japanese Yen Hits 14-Year Peak against Weakening U.S. Dollar
Thursday, November 26, 2009 GMT

Investor speculation that Japan’s central bankers will permit the continued appreciation of the Japanese Yen led to that currency’s 14-year peak against the U.S. Dollar in trading in Asia.
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U.S. Dollar Continues Slide to a New 7-Week Low Versus Yen
Wednesday, November 25, 2009 GMT

In Asian trading today, the U.S. Dollar fell to its lowest point in 7-weeks versus the Japanese Yen in Asian trading today. As reported at 1:53 p.m. (JST) in Tokyo, the U.S. Dollar slipped to 88.20 Yen, approaching the 88.01 Yen low of early October.
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Australian Dollar Gains on Rising Commodities/Equities and Weakening U.S. Dollar
Monday, November 23, 2009 GMT

Following four downtrending days attributed to a rising stock market and record setting gold prices, the Australian Dollar finally saw broad gains in Asian trading today.
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Global Equity Markets All Mixed Up
Thursday, November 19, 2009 GMT

Global Equity Markets were mixed across the board yesterday. In the U.S, the DJIA recovered most of its losses after losing nearly 100 points following the poorer than expect housing data numbers.
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Japanese Yen Nears 5-week Peak on Potential Changes to Capital Requirements
Wednesday, November 18, 2009 GMT

The Japanese Yen traded close to a 5-week peak versus the U.S. Dollar on speculation that there is growing pressure on Japan’s banks to raise capital. As reported at 6:51 a.m. (GMT) in London, the Yen was trading at 89.15 Yen against the U.S. currency, off of yesterday’s peak of 88.74 Yen in New York.
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U.S. Dollar edges up Off of 15-month Low, but Downtrend Continues
Tuesday, November 17, 2009 GMT

The slide of the U.S. Dollar continues the 15-month downtrend in Sydney trading today, reinforced by the Federal Reserve stance to maintain the status quo. On Monday, the Chairman of the U.S.
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Chinese Yuan Rhetoric Heats Up while U.S. Dollar Index Falls
Monday, November 16, 2009 GMT

The “official” rhetoric regarding the possible appreciation of the Chinese Yuan continues while market players’ belief of the same receded.
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U.S. Dollar Holds onto Gains on Profit-taking
Friday, November 13, 2009 GMT

As reported at 10:23 am in Sydney, the U.S. Dollar held onto small gains in Friday’s Asian trading following another round of investor profit-taking.
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