Finance News Network

Foreign Exchange

EU majors firm in quiet, thin trade. Aud recovers from lows while Yen remains pressured

29 Nov 2013 - The Euro, Cable and Chf are all firm today against the dollar and even the Aud staged a recovery after the strong Capex data. It is going to be a sketchy run into the…

Generally solid US data helps the dollar recover from its lows ahead of Thanksgiving

28 Nov 2013 - Some solid US data rescued the dollar today after the European majors had earlier made new trend highs. The Aud got no such reprieve and looks as though it will soon…

US$ under pressure after soft Consumer Confidence. Durable Goods today, ahead of Thanksgiving

27 Nov 2013 - BThe dollar is under a bit of pressure after weak US Consumer Confidence data today, which came ahead of tomorrow's Thanksgiving Holiday. Liquidity will start to thin…

Deal on Iran nuclear programme spurs dollar buying, keeps Yen pressured

26 Nov 2013 - The deal to ease Iranian sanctions in return for a compromise in its nuclear development programme has been the main event of the day, triggering an enthusiasm to buy…

A mixed end to the week, with the Aud & Yen the biggest losers. More to come

25 Nov 2013 - A pretty mixed bag on Friday, with the US Dollar soft against the EU majors but still firm against the Yen. The Aud took a caning on all fronts, while the Kiwi which …

AUD falls on Stevens comments

22 Nov 2013 - The Australian dollar falls after comments from RBA Governor Stevens suggesting he is open to currency intervention.

Aud lower after Stevens speech. Yen under pressure all round

22 Nov 2013 - A mixed day with the Yen, Aud and Kiwi in particular under pressure and all look like heading lower. Draghi plays down negative rates scenario, stemming the Euro's sl…

Euro tumbles on ECB rumour

21 Nov 2013 - News the European Central Bank may cut the deposit rate to a negative of 0.1% for commercial lenders sends Euro tumbling.

Euro lower on report of ECB negative deposit rates. FOMC minutes: nothing new. Aud sold heavily ahead of Stevens speech

21 Nov 2013 - A Bloomberg report regarding the possibility of negative EU rates saw the Euro top out and fall aggressively lower as the US$ generally saw a reprieve from the recent…

AUD rises in risk-on trade

20 Nov 2013 - No respite for the greenback amid risk-on trade in Europe overnight.

US$ under pressure as China to make Yuan more flexible. FOMC, BOE Minutes today

20 Nov 2013 - News that China will gradually exit from intervention in the FX market and would cut the ratio of US Treasuries that it holds to maturity, leading to speculation of d…

AUD makes little movement

19 Nov 2013 - The Australian dollar is sitting back were it opened trade yesterday after peaking at 94.18 US cents overnight.

China reforms underpin positive sentiment. RBA Minutes coming up

19 Nov 2013 - Markets were in a positive mood again after China announced widespread economic and social reforms, boosting investor appetite for equities and for high yielding cur…

Aussie opens higher against US dollar

18 Nov 2013 - The Australian dollar finished last week well supported throughout the US session, aided by broad-based weakness in the US dollar.

Yen and equities in focus following Yellen's testimony as risk sentiment improves

18 Nov 2013 - Janet Yellen's testimony to the US Senate has seen positive risk sentiment return to the market, with Equities being particularly buoyant, while the Yen is under heav…

US$ mixed, Equities rally on Yellen testimony. Euro soft on growth outlook. $/Yen above 100

15 Nov 2013 - Janet Yellen has kept equities underpinned today while the dollar remains mixed. The Euro and Cable both sagged after soft Q3 GDP and Retail Sales, respectively, whil…

Aussie falls below 93 US cents

15 Nov 2013 - The Aussie trades as low as 92.92 before finding support through the US session as Yellen speaks.

Markets mixed, but the US$ is generally soft ahead of Yellen testimony speech

14 Nov 2013 - Hints of negative interest rates from an ECB board member saw the Euro head lower before a bout of dollar selling ahead of a speech later today from incoming Fed hea…

Aussie softer after Fed Taper comments

13 Nov 2013 - Inflation is quite a complex economic indicator; as reflected by central banks from the US, New Zealand and Japan that favour a rise up towards 2%, compared to the B…

Mostly rangebound. Aud, Sterling both lower after soft data. Commodities too, eyeing tapering

13 Nov 2013 - Cable and the Aud were in focus today after softer data weighed on both. They could feel more pain today, with Cable particularly likely to be vulnerable, after the r…

Euro surges in quiet session

12 Nov 2013 - The Euro is the only bright light in terms of volatility and genuine trade movement.

Markets generally consolidate following Friday’s NFP release.

12 Nov 2013 - The markets have done little, given the US holiday, and have generally seen some consolidation, with the US$ mixed but hanging on to most of Friday’s gains. We could …

Euro higher on improved German data. ECB, BOE, Australian Jobs data ahead. US GDP later.

07 Nov 2013 - The Euro regained some ground, care of improved German Industrial data ahead of today's ECB meeting. It is going to be a busy session all round, with Australian Jobs …

AUD sinks on RBA statement

06 Nov 2013 - The Australian dollar sinks after the RBA labels the currency uncomfortably high

Euro down on ECB rate speculation, while US$ remains firm following data release.

06 Nov 2013 - Stronger US services sector data and speculation of an impending ECB rate cut kept the Euro under pressure today against the dollar. cable had a good day out after mu…

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