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U.S. Data Fuels Talk Of Policy Changes
David Sumner | 08:55 | 07/03/13 - The Yen traded close to the lowest level against the U.S. Dollar since May of 2010 after private reports indicated that U.S. companies added more employees than predicted in February. This also rekindled speculation the Federal Reserve may consider winding ...
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Dollar Index Close To 6-Month High
David Sumner | 09:00 | 06/03/13 - The Dollar Index rose close to the highest level in six months while the U.S. Dollar weakened after the Institute for Supply Management’s Non-Manufacturing Index posted better than anticipated data, which showed that service industries expanded in February at the ...
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Euro Data Bolsters Haven Appeal
David Sumner | 09:05 | 05/03/13 - The release of weak economic data out of the Euro region, together with worries over U.S. budget woes, increased appeal for safe havens, thereby causing the greenback to trade mixed against its trading counterparts. In the Euro-zone, Sentix reported that ...
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U.S. Lawmakers Fail To Agree On Cuts
David Sumner | 08:50 | 04/03/13 - The Euro extended losses as demand for the shared currency declined following reports which showed that unemployment in the Euro region reached record highs. It remained under pressure as additional announcements revealed that the inflation rate dipped below the European ...
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Unemployment Record In Eurozone
David Sumner | 08:30 | 03/03/13 - The Euro slipped below the $1.3000 psychological level for the first time in two months following FX news which indicated that the region’s manufacturing activities contracted while unemployment rose to a record high. The data suggested that the region is ...
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Markets Wait For Dust To Settle
David Sumner | 09:00 | 28/02/13 - The Euro currency rallied against the U.S. Dollar after Italy attracted solid investor demand by auctioning its target amount of 6.5 billion Euros in 5 and 10-year bonds. The currency continued to gain after economic reports indicated that confidence in ...
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Italian Elections May Deepen Crisis in Euro-Zone
David Sumner | 08:45 | 27/02/13 - The U.S. Dollar advanced against the Euro as inconclusive results from the Italian elections pointed to the possibility the crisis in the Euro region may deepen. However, the shared currency recouped after Italy and Spain erased bond losses and as ...
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Italy May Require New Elections
David Sumner | 08:55 | 26/02/13 - The Euro slipped to the lowest level in six weeks against the U.S. Dollar as Italy released partial election results which suggested that the outcome may end in a hung Parliament and another vote may be required. The 17-nation currency ...
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Moody’s Downgrades U.K.’s Rating
David Sumner | 08:35 | 25/02/13 - The British Pound declined versus the U.S. Dollar after Moody’s Investors Services stripped the U.K. of its AAA credit rating. The agency cited the growth outlook and the country’s fiscal problems as the main reasons for reducing the rating to ...
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ECB Surprises Market With Report
David Sumner | 09:45 | 24/02/13 - The European Central Bank announced that regional banks would repay less on their three-year loans in the coming week than was anticipated. This caused the Euro rate to go down to the lowest against the U.S. Dollar in over a ...