The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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The Japanese Yen recovered during the Asian trading session following a plunge to a 6-month plus low versus the U.S. Dollar on Thursday.
The Euro continues to hover close to a 2-month trough against the U.S. Dollar, but at least was able to stop a 5-day long losing streak.
The Euro again held just off a 2-month low against the greenback in Asian trading, kept there by growing uncertainty over the situation in Greece and whether or not the Troika will agree to disburse their next bailout loan payment.
Earlier during the Asian trading session, the Euro fell to a 2-month trough against the U.S. Dollar as doubts about the disbursement of Greece’s next bailout loan escalated following the failure of the E.U.
During the Asian trading session the common currency held just above a 2-month low against the U.S. Dollar following the news that the Greek Parliament had gotten approval for the 2013 budget.
During the Asian trading session, the Euro slumped very close to a 2-month low against the greenback as the outlook for the Eurozone continues to deteriorate.
As reported at 12:05 p.m. (JST) in Tokyo, the EUR/JPY pair was trading at 101.78 Yen, a decline of 0.4% from late trading in New York; earlier it had struck 101.75 Yen, the common currency’s lowest level versus the Yen in nearly a month.
With the U.S. election now called in favor of incumbent president Barack Obama, the U.S. Dollar slipped against the safe haven Japanese Yen during the Asian trading session, as speculators anticipate that the Federal Reserve’s current loose monetary policy is likely to hold sway over at least a part of the next four years.
With the U.S. election now called in favor of incumbent president Barack Obama, the U.S. Dollar slipped against the safe haven Japanese Yen during the Asian trading session, as speculators anticipate that the Federal Reserve’s current loose monetary policy is likely to hold sway over at least a part of the next four years.
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The Euro held close to a 2-month trough against the U.S. Dollar during the Asian trading session with investors worried about the outcome of Greece’s Parliamentary vote on new austerity measures which must be approved before the next tranche of their bailout loan is released by the Troika.
The U.S. Dollar Index struck a 2-month peak during the Asian session following Friday’s unexpectedly good U.S. labor report which suggested that the economic fundamentals of the United States might be built on sturdier stuff than originally presumed.
Positive expectations for Friday’s nonfarm payroll report sent the Dollar higher against the Yen, as investors continued the week’s pullback from safe-haven currencies.
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Sign up to get the latest market updates and free signals directly to your inbox.During the Asian session, the Japanese Yen edged closer to a 4-month low, attributed primarily to an importer-driven selloff and a reconsideration of the recent Bank of Japan’s easing efforts. Get the full story here.
Following the Bank of Japan’s stimulus announcement yesterday, the Yen slipped off a 1-week high versus the U.S. Dollar, largely attributed to an increase in investors’ risk appetite.
The Japanese Yen strayed close to a 4-month trough against the U.S. Dollar as a Bank of Japan monetary decision looms, and there is near certainty among traders that the Bank of Japan will provide more stimulus.