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Factory Data Weighs On Greenback
David Sumner | 08:15 | 04/06/13 - The U.S. Dollar declined against the majority of its online Forex trading counterparts as the Institute for Supply Management’s Factory Index showed an unexpected contraction for last month. According to the metrics, manufacturing activity dropped from 50.7 in April to ...
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Euro Affected By High Unemployment
David Sumner | 08:04 | 03/06/13 - Euro Affected By High Unemployment The Euro exchange rate weakened after trading at the highest price in three weeks versus the U.S. Dollar as demand for the Euro-zone’s assets dropped on economic reports revealing that unemployment in the region reached record ...
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Euro-Zone’s Unemployment Hits Record High
David Sumner | 08:45 | 02/06/13 - The Euro erased gains against the U.S. Dollar and dropped from a three-week high as demand for the currency ebbed on the Forex market following disappointing reports from Luxembourg which showed that the E.U. unemployment rate climbed to 12.2%. Furthermore, ...
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Yen Advances Amid Talk Of Stability
David Sumner | 07:55 | 30/05/13 - The Yen appreciated versus the U.S. Dollar and the Euro following comments by the Bank of Japan’s Governor, Haruhiko Kuroda, in which he stated that Japan’s economy has stabilized. The Japanese currency rose against the majority of its foreign currency ...
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Consumer Confidence Boosts Dollar’s Value
David Sumner | 08:25 | 29/05/13 - Tuesday’s economic reports indicated that consumer confidence for the world’s largest economy rose to the highest level since 2008, prompting the U.S. Dollar to strengthen against the Euro and the Yen. The news also fueled speculation that the Federal Reserve ...
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Bond Yield Woes Boost Yen
David Sumner | 08:19 | 28/05/13 - The Yen rallied versus the U.S. Dollar as currency investors grew concerned that the Bank of Japan was having a tough time controlling the increase in government bond yields. The Yen also advanced against the majority of its trading counterparts ...
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Uncertainty Fuels The Markets
David Sumner | 09:40 | 27/05/13 - The Euro was more or less unchanged against the U.S. Dollar at the end of last week’s trading session as investors who trade Forex continued to speculate on whether the Federal Reserve may begin to scale back on the monthly ...
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Durable Goods Boost Dollar’s Value
David Sumner | 09:00 | 26/05/13 - The U.S. Dollar rebounded versus the Euro after better than predicted increases in U.S. durable goods orders bolstered speculation that the Federal Reserve may cut back on monthly asset purchases. However, the greenback erased those gains as investors sold off ...
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Bernanke May Cut Asset Purchases
David Sumner | 08:15 | 23/05/13 - The U.S. Dollar climbed against the majority of its live Forex trading counterparts after the Federal Reserve’s Chairman, Ben S. Bernanke, testified before Congress. He stated that the central bank may scale back on the amount of monthly bond purchases ...
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Bullard’s Remarks Impact The Market
David Sumner | 07:45 | 22/05/13 - The U.S. Dollar weakened against the Euro as the President of the Federal Reserve Bank of St. Louis, James Bullard, suggested that policy makers ought to continue with the asset purchasing program in order to bolster economic growth. His comments ...