On Tuesday, the dollar rose sharply against the yen after U.S. stock markets shot higher and on speculation the Bank of Japan may cut interest rates at a Friday meeting.
The euro continued to trade range bound against the US dollar and other major currencies. GFK German Consumer Sentiment unexpectedly jumped to [...]
On Friday, the euro and dollar remained near multiyear lows against the yen.
The yen and dollar rose as investors continued to flush funds out of emerging markets on heightened fears of global recession after a plunge in Asian equities markets, which led U.S. stock index futures to hit limit-down in electronic [...]
The dollar fell below JPY95.77 for the first time since August 1995, but was rising against most other currencies.
EURUSD initially rallied 150-points in late NY trade thanks to a surge in the Dow, before the plunge in euro-yen (cross losing over 500-points), pulled the rate back down. A German name was a [...]
On Monday, the dollar rose versus the euro and the U.K. pound on new worries over banks in Europe, and as investors began to sense the U.S. may recover from a global economic slowdown before other countries.
Comments Monday from Federal Reserve Chairman Ben Bernanke echoed this sentiment, helping send the euro [...]
On Wednesday, the unwinding of risk appetite put the dollar and yen back on top.
Data issued Wednesday showed U.S. retail sales fell 1.2% from August, the largest fall since August 2005 and bigger than the 0.7% drop forecast by economists. The Fed’s Beige Book for September, which the central bank uses to [...]
On Friday, the euro hit a 16-month low against the dollar on risk aversion from falling U.S. stock markets and as markets waited for an official announcement from Group of Seven leaders regarding a financial crisis rescue plan.
A big Australian bank in Sydney sold large amounts EURUSD from 1.3600 on Monday, [...]
On Wednesday, the dollar declined against the euro as a coordinated rate cut by major central banks signaled that European monetary authorities are finally taking steps to alleviate their economic woes.
The world’s major central banks took a historic step yesterday, easing benchmark rates by 50bp in a coordinated announcement at the [...]
