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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Stronger employment data from Australia beat market expectations, resulting in the AUD/USD spiking to .9293 on the news. With a stronger economic report released, I believe that the AUD/USD will reach .9350 by the end of the week as traders become more confident that the Australian RBA will raise rates in February. The EUR/CHF steadily appreciated over the course of the past session, with some strong bids to the start of the European session.
In Asian trading today, the U.S. Dollar edged up versus the Japanese Yen following remarks made by an official of the U.S. Federal Reserve Bank which investors took as a less dovish stance than that currently held by the institution.
As reported at 10:47 a.m. in Sydney, the U.S. Dollar struggled to hold ground in Asia, trading near 3-week troughs versus other major currencies, most specifically high yielders, which were buoyed by whetted risk appetite.
Directly following negative US jobs data and remarks from a Federal Reserve official claiming that US interest rates are going to stay low for an extended period of time, the dollar took a major dive.
Following Friday’s release of disappointing employment data from the United States, the U.S. Dollar lost ground in Asian trading today. The U.S. Dollar Index, which gauges the greenback versus other major currencies, slipped to 76.938 .DXY, a decline of nearly .7%; on Friday, it traded at a high of 78.187 .DXY. Versus the Japanese Yen, the U.S. Dollar slipped to 92.22 Yen, a decline from 92.68 Yen in Friday’s New York trading.
The U.S. Dollar Index is holding steady ahead of employment data from the U.S. Labor Department which will be released later today, and which investors hope will hasten federal monetary policy changes, including raising of the currently historical low interest rates.
After talk by Japanese Finance Minister Naoto Kan about his desire to see the Yen weaken, the JPY indeed sled against the USD as a result of the impression that the country would get involved more actively in the rise of the Yen.
The U.S. Dollar recovered from Tuesday’s sharp drop in choppy Asian trading, as investors booked their profits from the U.S. currency’s earlier rally. As reported at 1:37 p.m. (JST) in Tokyo, the U.S. Dollar traded at 91.96 Yen, a gain of .2% from yesterday’s low trade of 91.25 Yen on the EBS trading platform
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The USD was majorly reduced vs. the majors in the first trading day of the new year, relinquishing the 1.44-level against the EUR and sliding to 1.0374 against the CAD. Crude oil rebounded and passed the $80 per barrel level while the global equity bourses advanced on Monday session as traders shifted back into riskier assets. The Dow Jones, Nasdaq and S&P 500 were all higher by over 1.5% by afternoon.
The U.S. Dollar recovered from Tuesday’s sharp drop in choppy Asian trading, as investors booked their profits from the U.S. currency’s earlier rally. As reported at 1:37 p.m. (JST) in Tokyo, the U.S. Dollar traded at 91.96 Yen, a gain of .2% from yesterday’s low trade of 91.25 Yen on the EBS trading platform.
The U.S. Dollar slipped broadly in early London trading today, as investors’ appetite for higher risk/higher yielding currencies increased. Recent comments from a Federal Reserve Bank official reinforced the market view that the current historically low interest rates in the United States will continue until the economy sees a stronger recovery.
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Sign up to get the latest market updates and free signals directly to your inbox.In the first day of trading in the New Year, the U.S. Dollar slid from a 4-month peak versus the Japanese Yen, but managed to hold steady against other currencies as investors turn their sights to U.S. economic data to be released later this week.
The single currency Euro saw gains versus the Japanese Yen and U.S. Dollar in Asian trading today on increased risk appetite, which spurred investors to book profits on the recent dollar rally. Analysts predict a bounce back from the Euro within the next few weeks, similar to patterns it took in 2006 and 2007.
With the question of policy tightening by the Federal Reserve still in the fore, the U.S. Dollar struck a 2-month peak versus the Japanese Yen in Asian trading today. As reported at 2:28 p.m. (JST) in Tokyo, the U.S. Dollar traded at 92.26 Yen, the highest price since October; this year the U.S. Dollar has gained nearly 1.7% on the Yen compared to 2008 when it lost nearly 19%.