The Japanese yen fell against the U.S. dollar and the other major currencies today after the money-market lending conditions eased and the traders expect a positive opening from the U.S. stock market judging from the current futures trading. Apart from the three other major currencies, the yen posted a daily drop against its usual carry trade counterparts — … “Yen Declines as Borrowing Costs Fall”
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Pound Declines on the Lowest Home Sales
The Great Britain pound continued to fall today against the other major currencies after reaching the all-time low against the euro as the home sales report showed the lowest level in the last 30 years. The Royal Institution of Chartered Surveyors released its October issue of the U.K. real estate market survey. It showed that the quarterly number of completed sales per surveyor … “Pound Declines on the Lowest Home Sales”
Aussie, Kiwi Rise on China’s Stimulus Plan
The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Fridays close levels as the China said that the government will provide $586 billion of liquidity help to the national economy. The Aussie and Kiwi opened with a huge weekly gap against the dollar and the yen after the news that the Chinese … “Aussie, Kiwi Rise on China’s Stimulus Plan”
Dollar Falls Before Employment Report
The U.S. dollar declined against the euro and the British pound as the traders expect that the release of the important employment data from U.S. will show the worst contraction since 2003 today. After two days of falling against the Japanese yen, the U.S. currency is currently standing almost unchanged after losing somewhat during the Asian trading session. The bad … “Dollar Falls Before Employment Report”
Banks Slash Rates; Pound, Euro, Franc Drop
The Europes currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale. An increased volatility on the Forex market was the direct reaction to the series of the interest cuts performed by the central banks of the United Kingdom, Eurozone and Switzerland today. … “Banks Slash Rates; Pound, Euro, Franc Drop”
Dollar Gains After Obama Takes Presidency
The U.S. dollar strengthened its position against the euro and the British pound as the investors believe that Barack Obamas clear victory in the U.S. presidential elections will help him to take measures soon to revive the worlds biggest economy. The news that the Democrat Barack Obama won the presidency over its Republican rival John McCain created the main positive background … “Dollar Gains After Obama Takes Presidency”
Aussie Declines After Interest Rate Cut
The Australian dollar reversed its yesterday gains versus the U.S. dollar and the yen after the Reserve Bank of Australia announced its decision to reduce the target cash rate today. The Australian currency was falling significantly against the greenback and the Japanese yen during the Asian trading session, immediately after the countrys central bank cut the interest rate … “Aussie Declines After Interest Rate Cut”
Pound Gains on Stock Market Optimism
The Great Britain pound gained today against the other major currencies as the growth on the global stock markets spurred optimism and the high-yielding pound showed a stronger reaction to this uprise. The British currency was among the worst performers of the last two months when the credit crunch went deep into the global economy. The United Kingdom has one … “Pound Gains on Stock Market Optimism”
Yen Gains as Rate Cut Indicate Problems
The Japanese yen gained versus the dollar, the euro and the pound today after the traders saw the signals of more troubles in the global financial system as the Bank of Japan cut the interest rate. The Bank of Japan cut the rate by 20 basis points today — lowering it from 0.5 percent to 0.3 percent, with three of the eight board members voting for reducing the … “Yen Gains as Rate Cut Indicate Problems”
Australian Dollar Rises for the Third Day
The Australian dollar rose against the U.S. dollar and the Japanese yen for the third day today after the rate cut in U.S. and a moderate decline in the global risk-aversion. The Aussie gained against the U.S. dollar after the Federal Reserve reduced the interest rate by 50 basis points to 1 percent. Chinas central bank cut the one-year lending rate from 6.93 percent … “Australian Dollar Rises for the Third Day”