Market News

While all eyes are watching what’s happening with the Euro and the U.S. dollar, other countries are trying to deal with their own financial woes.

As expectations continue to growth that the European Central Bank is ready to embark on another round of massive liquidity, also known as Quantitative Easing, the Euro fell through month-long support levels and struck a 6-week trough versus the U.S. Dollar.

India’s central bank surprised markets with a cut to its key lending rate Thursday, stepping back from its inflation-fighting stance in a bid to help bolster sluggish growth in Asia’s third-largest economy.

The Pound Sterling edged higher against the Euro following the latest data release on UK construction which beat expectations and reinforced an improved start to this year despite uncertainty in UK politics.

Australian shares erased gains to tumble nearly 1 percent after the Reserve Bank of Australia (RBA) surprised most market watchers by holding back on further easing Tuesday.

The US Dollar Index rose close to an 11-year peak after the Peoples Bank of China announced an interest rate cut. That rate drop also sent the New Zealand and Australian Dollars higher, albeit briefly.

The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, especially in London, Europe's main financial center and a hotbed of Euro skepticism.

Get the economic and political timeline updates for the week of March 1, 2015 here.

China's central bank cut interest rates for the second time in three months Saturday, adding to signs the country's leaders are worried the economic slowdown is deepening too sharply.

Strong fundamentals pushed the Nikkei to fresh 15-year highs in recent sessions, leading some analysts to raise their targets amid expectations that upside momentum will continue amid strong fund flows.

The Antipodean currencies, in other words the Kiwi and Aussie Dollars, were the market’s key major movers today, albeit moving in opposing directions as a result of a divergence in signals on their respective economic health.

Asian shares prices edged away from five-month highs on Thursday, while the dollar steadied after slipping on Federal Reserve Chair Janet Yellen's indication that the U.S. central bank is in no hurry to hike interest rates.

Janet Yellen, the head of the US Federal Reserve Bank, disappointed dollar bulls yesterday when she testified in front of the U.S. Senate and maintained a decidedly dovish tone, which suggested to FX investors that the Fed wasn’t ready to begin a true tightening cycle involving any potential rate hike.

On Tuesday, euro zone finance ministers accepted a list of Greek reform proposals and gave Athens a four-month extension of its bailout program while warning that the reforms must be expanded in detail before new bailout funding would be released.

The release of the Reserve Bank of New Zealand’s inflation report which showed inflation likely diving in the future weighed heavily on the New Zealand Dollar against its major peers.