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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Returning some of yesterday’s gains, the common currency Euro slipped in Asian trading today with investors continuing to have doubts that the rescue package for Greece can be successfully implemented.
Investor worries appear to be temporarily assuaged as regards the rescue package for the debt-burdened Greek nation and hedge fund buyers sought the common currency Euro, driving the price up sharply in Asian trading today
The common currency Euro dropped to a new 14-month trough versus the U.S. Dollar
Violence and the news of several deaths from rioting over the implementation of austerity measures in Greece have investors speculating that the Greek nation may be on the verge of bankruptcy
The common currency Euro dropped to the lowest level in nearly a year versus the U.S. Dollar in Asian trading today.
In lackluster Asian trading today, the Japanese Yen slipped versus both the common currency Euro and the U.S. Dollar. Nonetheless, the Yen managed to hold on just shy of the key psychological level (95.00 Yen), indications that the Yen has found support prior to the release of employment data out of the United States later this week.
Despite the Greek rescue package announcement this past weekend, the common currency slipped versus the Japanese Yen and U.S. Dollar in Asian trading today.
In U.K. trading this morning, the common currency Euro gained against the U.S. Dollar for the second trading session.
Standard & Poor’s, the international rating agency, yesterday downgraded Spain’s sovereign debt adding to investor concerns that a debt crisis within the Euro-zone is rapidly widening.
Investors’ worries about the Greek debt problem continue to put significant pressure on the common currency Euro, which today struck a new 1-year trough versus the U.S. Dollar.
The N.Z. Dollar surged to a new 3-month peak in Asian trading today, with the Kiwi expected to rise higher still
Market players sold off their short term holdings in the Euro in Asian trading today, worried about the effectiveness of any rescue plan that the G20 may come up with the help the Greek nation out of its debt troubles
The common currency Euro fell to an almost 12-week low versus the Pound Sterling in London trading today, spurred on by the Euro’s softness vis-à-vis the continuing debt problems in Greece.
The EUR declined Thursday afternoon following data that showed Greece's budget deficit was significantly worse than originally assumed. This also raised concerns that the Greek crisis crisis might very well affect additional euro zone countries.
