- Indian Rupee Falls To New Low, Puts Central Bank In A Fix
June 11 2013 3:22 AM
The Indian rupee's continuing decline to record lows reduces chances of a rate cut, which is required to help revive India's slowing economy.
- Indian Rupee Falls To Historic Low Against Dollar
June 10 2013 2:28 AM
The Indian rupee, or INR, on Monday plunged to a record low of 57.77 against the U.S dollar, a year after touching its previous historic low.
- Jim Rogers: Yuan Could Appreciate 500% In Next 30 Years
June 06 2013 11:27 AM
But Chinese forex experts are not as confident.
- Euro Strong Ahead of ECB Meeting
June 06 2013 8:48 AM
The euro ticked up on Thursday morning ahead of the European Central Bank's June policy meeting. The common currency traded at $1.31 despite Wednesday's reports that another of its “core” economies slipped into a recession. Finland, considered to be among the eurozone's most powerful economies, became the ninth eurozone nation to post two consecutive quarters of economic contraction.
- Possible Devaluation Of The Euro Casts A Shadow Over Gold’s Future
June 06 2013 8:10 AM
As the European Union struggles with rising unemployment they now have to face a future of increased competition from the Japanese as they actively devalue the Yen. The new government in Japan, under the Premiership of Shinzo Abe, has managed to devalue the Yen by round 20% so far. In the short term this devaluation should boost Japanese exports as their goods are available at a substantial discount. This action mirrors that of the United States as they continue with their programme of Quantitative Easing. The United Kingdom has also joined in this ‘race to the bottom’ and has managed to reduce the value the British Pound.
- A Glimmer of Hope in Eurozone PMI Data
June 05 2013 9:09 AM
The euro remained steadily at $1.30 on Wednesday morning after Markit's Eurozone Composite PMI showed that business activity in the eurozone picked up in May. This marks the second straight increase for the region, something politicians and policymakers are likely to celebrate.
- THE GOLD BULL VS THE PAPER TIGER
June 03 2013 5:03 PM
That's all, folks. One look at the headlines will tell you the gold bull market is officially over: the stock market is booming, a modest recovery of the US economy is underway, and the dollar is dominating the forex. Time to sell your bullion and get back into US stocks!
- South African Rand Falls Fastest Against US Dollar
May 31 2013 12:30 PM
The currency's new low, 10.13 rand per U.S. dollar, is part of a broader investor sell-off in 20 emerging market currencies.
- Euro Near Two Week High on Positive Data
May 31 2013 8:43 AM
The euro remained above $1.30 on Friday morning after climbing on Thursday to overtake the $1.30 mark for the first time in over two weeks. The common currency strengthened after a report from the eurozone showed that consumer and business sentiment improved. The Wall Street Journal reported that the European Commission's Economic Sentiment Indicator climbed to 89.4 in May, the figure's first advance since February. The euro found a boost from the data as many saw the improvement as a signal that the eurozone economy was finding firmer ground.
- Youth Unemployment Tops Eurozone Priorities
May 29 2013 10:31 AM
The euro dipped below $1.29 on Wednesday as investors waited for unemployment data from Germany, the eurozone's largest economy. The data is expected to shed light on the state of the German economy, and could influence the European Central Bank's next policy move.
- EUR/USD Charts And Observations
May 28 2013 8:55 AM
After failing at 1.3042 EUR/USD had broken below the psychological support of 1.3000 and had touched 1.2796. The support came at the emerging mid term support trend line. The price action is also bringing in a head and shoulder chart pattern and a break below 1.2745 will complete that pattern. If such a move takes place then deeper declines towards the psychological ranges of strong 1.2500 support ranges may be seen.
- Abe Pulls Pin on JGB Grenade
May 28 2013 8:49 AM
Japan has already suffered through a quarter century's worth of an economic malaise because they have refused to allow the free market to work its reconciliation magic. Their reliance on government borrowing and spending to rescue the economy has proven to be a miserable failure. Because of this fact, Japanese politicians have succeeded to increase the debt to GDP ratio to 237%, which should have already caused a collapse in Japanese Government Bonds (JGBs) and the Yen.
- Anti-Euro Sentiment Gains Traction in Portugal
May 28 2013 8:39 AM
The euro threatened to drop below $1.29 on Tuesday morning as fresh worries about a eurozone break up weighed on the common currency. With difficult austerity plans and sky high unemployment figures, radical anti euro movements in several of the eurozone's southernmost countries have been gaining popularity.
- Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann
May 24 2013 8:33 AM
The euro improved modestly on Friday morning following better than expected data that showed the eurozone's service sector and factory output improved in May. However, gains were narrow as both figures, although improved from last month's readings, still indicated a contraction. Bloomberg reported that a composite index drawn from a survey of purchasing managers rose to 47.7 in May compared to 46.9 in April. Most economists were expecting 47.2, so the data came as a pleasant surprise for the region.
- Alibaba Has Something For Companies Who Don't Like A Fluctuating Yuan
May 23 2013 2:11 PM
OneTouch, a subsidiary of Alibaba, is giving smaller companies a chance to hedge against the rising yuan.
- Eurozone Leaders Try to Tackle Tax Evasion
May 23 2013 7:57 AM
The euro slipped to $1.2838 on Thursday morning following Federal Reserve Chairman Ben Bernanke's testimony to Congress and the release of the bank's latest policy meeting minutes. Bernanke told Congress that the Fed would consider easing back on its bond buying stimulus if the country's economic improvement continued. His comments boosted the dollar and sent the euro downward as a result.
- Radical AfD Political Party Could Disrupt German Elections
May 22 2013 10:38 AM
The euro traded steadily at $1.2931 on Wednesday morning as investors kept their attention turned to the US, where Federal Reserve Chairman Ben Bernanke will address Congress and release the Federal Open Market Committee's policy meeting minutes. The greenback fell against the euro for three consecutive days as investors speculated that the Fed would start to taper off its aggressive bond buying stimulus efforts.
- British Pound traded at 7-week lows aganst US-Dollar as U.K. retail sales slump
May 22 2013 10:32 AM
The British pound was trading close to seven-week lows against the dollar on Wednesday as data showing that U.K. retail sales slumped in April increased the likelihood of more easing by the Bank of England.
- Yen down after Japan's worst April trade deficit
May 22 2013 9:29 AM
The yen edged down against the dollar and euro in Asia on Wednesday after Japan posted its worst ever April trade deficit, fuelling yen-negative sentiment.
- Euro Set For Another Week of Disappointing Data
May 20 2013 8:59 AM
After last week's GDP data spelled disappointment for the eurozone, the common currency seems poised for another week of pressure as more economic indicators are set to be released in the coming days. The region's GDP data showed that France had joined the ranks of its southern peers and posted a contraction, while German data showed weak growth.