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Yen Rebounds Before Elections
David Sumner | 11:15 | 16/12/12 - The Yen rebounded from an almost nine-month low versus the U.S. Dollar on the heels of the December 16th elections. It is expected that the Liberal Democratic Party leader, Shinzo Abe, will win the election. The Japanese currency pared earlier ...
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Federal Reserve Opts For Further Easing
David Sumner | 08:55 | 13/12/12 - The Federal Reserve announced that it would purchase an additional $45 billion in Treasuries per month thereby augmenting a 3rd round of quantitative easing. The greenback declined against the Euro after the Federal Reserve announced its intentions to add to ...
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Investor Confidence Gives Euro A Boost
David Sumner | 08:30 | 12/12/12 - The Euro rallied for a second consecutive day against the U.S. Dollar after reports showed that German investor confidence rose this month. According to the ZEW Center for European Economic Research, the index climbed to 6.9 in December after it ...
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Investors Anticipate Fed’s Next Move
David Sumner | 08:50 | 11/12/12 - The U.S. Dollar declined against the Euro and the Yen as investors were anticipating that the Federal Reserve will expand its bond-purchasing program when it meets later today. The greenback remained weak against the aforementioned Forex currencies following the release of ...
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ECB Lowers Outlook
David Sumner | 09:20 | 10/12/12 - The Euro weakened against the U.S. Dollar for the first time in one month after the European Central Bank reduced its growth outlook for the region and left the door open to the possibility of lowering the cost of borrowing ...
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Job Gains Surpass Expectations
David Sumner | 09:30 | 09/12/12 - The U.S. Dollar rallied against the Euro after reports showed that U.S. employers hired more workers than anticipated in the month of November while the unemployment rate declined from 7.9 to 7.7%, which was almost a four-year low. Economists had ...
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U.K. May Take Longer To Tame Deficit
David Sumner | 09:15 | 06/12/12 - The British Pound rose slightly against the U.S. currency despite comments by the Chancellor of the Exchequer, George Osborne, who downgraded economic growth forecasts and indicated it will take longer than anticipated to tame the current budget deficit. Mr. Osborne ...
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Fiscal Cliff Talks Reach Impasse
David Sumner | 08:40 | 05/12/12 - The U.S. Dollar declined against the Euro exchange rate as negotiations over the fiscal cliff came to a standstill when President Barack Obama and Republican lawmakers grappled over proposals to avoid the $600 billion in spending reductions and tax hikes ...
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Greece Offers To Buy Back Bonds
David Sumner | 10:05 | 04/12/12 - The Euro climbed to a six-week high against the U.S. Dollar after Greece announced it would buy back government securities while spending 10 billion Euros doing so. This set currency investors at ease and suggested the debt crisis in the ...
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Fiscal Cliff Resolution Vs Investor Sentiment
David Sumner | 08:45 | 03/12/12 - The Euro reached a five-week high against the U.S. Dollar on Friday as current exchange market investors remain hopeful U.S. lawmakers will reach a deal to avert the fiscal cliff. The shared currency was also supported by reports indicating that ...