• Indian Conglomerate Essar Group To Gain From Rupee's FallIndian Conglomerate Essar Group To Gain From Rupee's Fall

    June 27 2013 4:58 AM

    The Indian rupee's recent free fall -- more than 10 percent in 2013 -- will benefit India's $27B Essar Group.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 26 2013 5:00 PM

    US dollar under pressure on revised softer Q1 GDP Euro extends losses on ECB Draghi comments Yen strengthens amid China concern

  • Euro Falls Against Stronger Dollar

    June 26 2013 8:23 AM

    The euro fell against a stronger dollar as eurozone leaders headed into a summit meeting on Thursday. The common currency was trading at $1.3078 on Wednesday morning despite positive consumer sentiment data in Germany. German consumer sentiment rose to its highest level in nearly six years in June, and estimates show it will continue to rise in July.

  • Gold Outlook Weakens On Signs Of US RecoveryGold Outlook Weakens On Signs Of US Recovery

    June 24 2013 7:33 AM

    Gold prices are expected to drop lower this week as a sell-off in gold ETFs continues and after Goldman Sachs lowered forecasts for 2013 and 2014.

  • Indian Markets Refuse To Be Talked UpIndian Markets Refuse To Be Talked Up

    June 24 2013 2:53 AM

    Fears about the US Fed's bond-buying program weaken Indian markets and currency, prompting an exodus of overseas investors in June.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 21 2013 1:21 PM

    US dollar supported on prospects of Fed scaling back stimulus Sterling slides vs USD on Fed announcement Antipodean currencies take a break from slide against USD

  • PMI Data Gives Hope to Eurozone Recovery

    June 21 2013 8:45 AM

    Recent purchasing managers' data is suggesting that the eurozone could be on the road to recovery. The region has been stuck in its longest postwar recession, but new data suggested that the region could show weak growth by the end of the year.

  • Asian Markets Turn Volatile On FridayAsian Markets Turn Volatile On Friday

    June 21 2013 4:15 AM

    Asian markets moved sharply in either direction Friday as global markets come to grips with a post-QE world in the foreseeable future.

  • Brazil Deals With Mass Protests, Plunging CurrencyBrazil Deals With Mass Protests, Plunging Currency

    June 21 2013 3:41 AM

    Protests in Brazil swelled to more than 1 million people amid panic in the country's financial markets and a nose-diving currency.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 20 2013 1:49 PM

    USD – The US dollar strengthened against major currencies and looked set to extend gains after the Federal Reserve signaled it would begin withdrawing stimulus this year as the U.S. economy improves. Market participants re-engaged in support for the greenback after Fed Chairman Ben Bernanke (following the central bank's two-day policy meeting that concluded yesterday) said the Fed was likely to end its bond-buying program by mid-2014. The prospect of less quantitative easing and higher interest rates should support the dollar, especially in an environment where some other central banks are moving in the opposite direction.

  • Eurogroup Expected to Agree on Direct Recapitalization Terms

    June 20 2013 10:26 AM

    The euro slipped from its four month high on Wednesday and continued the slide into Thursday morning after the US Federal Reserve confirmed that it would probably begin to taper its bond buying program at the end of the year.

  • China's Economy In Free Fall As Manufacturing Contracts Again, SHIBOR Climbs Higher

    June 20 2013 10:21 AM

    China's economy looks set to continue to slow to growth rates not seen in decades this year as the manufacturing sector continues to contract and the government refuses to help the struggling financial sector. Overnight lending rates rose above 10 percent Thursday in a sign that the entire Chinese financial system is seizing due to a lack of liquidity, not unlike the global system did in 2008.

  • Asian Markets Hammered By Fed Announcement, Weak China Factory ActivityAsian Markets Hammered By Fed Announcement, Weak China Factory Activity

    June 20 2013 2:39 AM

    Asian markets fell sharply on Thursday as the FOMC signaled an end to monthly bond-buying on Wednesday and on weak China factory output data.

  • Indian Rupee Hits New Low Against USDIndian Rupee Hits New Low Against USD

    June 20 2013 1:23 AM

    The rupee fell to a new low against the dollar after the FOMC suggested the Fed pull back on its bond-buying program.

  • India's RBI Keeps Key Rates UnchangedIndia's RBI Keeps Key Rates Unchanged

    June 17 2013 1:24 AM

    India's central bank left benchmark rates untouched on Monday as softening inflation is offset by currency and deficit concerns.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 14 2013 1:41 PM

    Consumer sentiment in U.S. declines from six-year high Sterling dips against dollar after hitting 4-month peak Yen rises after BoJ minutes indicate monetary-stimulus limits

  • Euro Expected to Weaken Over the Next Few Months

    June 14 2013 8:46 AM

    The euro remained strong at $1.33 on Friday despite sinking government bonds which have been responding to concern that central banks around the world will pull back on their stimulus programs. Although bonds around the world have dropped, it seems that the weaker eurozone countries have been hit the hardest. The recent drop led many to believe that countries like Spain, Italy, Portugal and Greece may see massive swings in their bond markets in the future. After the European Central Bank pledged to do “whatever it takes” to keep the eurozone together and support markets, bonds in those countries rallied and their yields improved. However over the past few weeks they have plummeted. As central banks ease up on the cash they have been injecting into the market, the eurozone's weaknesses are likely to be exposed.

  • Nikkei Plunges To Bear Territory As Asian Markets Fall AgainNikkei Plunges To Bear Territory As Asian Markets Fall Again

    June 13 2013 3:55 AM

    Persisting doubts about the Fed’s next move and disappointment over Shinzo Abe’s recent policies sent Asian stocks to fresh lows on Thursday.

  • Senior BoE Official Warns Of A Mega Bubble In Govt BondsSenior BoE Official Warns Of A Mega Bubble In Govt Bonds

    June 13 2013 2:24 AM

    A senior BoE official warned of a major bond bubble threat while the BoE said the consequences of raising rates too quickly would be severe.

  • Foreign Exchange Scandal Sparks Preliminary Probe By UK Foreign Exchange Scandal Sparks Preliminary Probe By UK

    June 12 2013 1:36 PM

    Reported manipulation of a key foreign exchange benchmark has drawn extra scrutiny from a UK financial regulator.