Improved earnings from U.S. technology leader, Intel, whetted risk appetite in Asian trading, helping both the Australian Dollar and the common currency Euro to rise versus the safe haven currencies.
With investor worries about the Greek debt problem reignited, the Japanese Yen rose versus the single currency Euro.
The Forex market continues to feel the affects of Greece's financial crisis, this time, the rescue plan affecting the market.
The Euro drifted sideways versus most major currencies following the news of a nearly €45 billion Greek bailout plan offered by Euro-zone nations yesterday.
The Japanese Yen slipped versus the U.S. Dollar and common currency Euro in Asian trading today.
Continuing worries about the rescue efforts for debt-burdened Greece helped to push the common currency Euro to a new 2-week low versus the U.S. Dollar in Asian trading today.
A Forex news piece about the JPY, AUD, USD, and the Greek situation.
the U.S. Dollar and common currency Euro were pushed higher versus the Japanese Yen as importers from Japan bought those currencies heavily to settle their accounts.
The Euro slipped versus the U.S. Dollar and Japanese Yen on media reports that the debt-burdened nation of Greece is seeking to amend the recently discussed bailout plans.
The USD down this morning in the Forex trading market.
In early trading in Tokyo today, the first day of the new fiscal year, the U.S. Dollar struck 93.65 Japanese Yen, the highest trade since early January.
The U.S. Dollar struck a 2-month peak versus the Japanese Yen in Asian trading today.
Investor appetite for risk was on the rise in Asian trading today following the welcome news that Greece will be able to raise money to settle a portion of its debt burden. That positive news help increase earlier gains for the single currency Euro against the U.S. Dollar.
Earlier gains in the common currency Euro were given up against the U.S. Dollar in Asian trading today following a rise in short covering.
After Greece was bailed out, the EUR responded immediately.