tag archive - ‘euro’

iFOREX Daily-May 24, 2013

Sophie J. Fletcher | 07:40 | 24/05/13

The U.S. Dollar weakened against the majority of its trading counterparts as demand for safe havens increased on speculation the Federal Reserve may scale back on monthly asset purchases very soon. The greenback was weighed down as China released lackluster ...

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 ...

iFOREX Daily-May 23, 2013

Sophie J. Fletcher | 07:45 | 23/05/13

The U.S. Dollar rallied against the majority of its peers after the Federal Reserve Chairman, Ben Bernanke, testified before Congress. Mr. Bernanke stated that the central bank may scale back on the monthly asset purchases provided policy makers are confident ...

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 ...

iFOREX Daily-May 22, 2013

Sophie J. Fletcher | 06:55 | 22/05/13

The U.S. Dollar rallied against the majority of its trading peers despite a lack of U.S. economic data, as investors await the Federal Reserve Chairman Ben Bernanke’s testimony on the country’s economic outlook before Congress, set later for today. The ...

iFOREX Daily-May 21, 2013

Sophie J. Fletcher | 07:35 | 21/05/13

The U.S. Dollar weakened against most of the majors, including the Yen, after Japan’s Economy Minister, Akira Amari, stated that further declines in the currency could have a negative impact on the country’s economy. Demand for the greenback remained low ...

Pound Drops On Fed Speculation

David Sumner | 10:15 | 20/05/13

The British Pound extended losses for a second consecutive week against the U.S. Dollar as foreign exchange market investors speculated on whether the Federal Reserve was close to putting an early end to the asset-purchasing program. The Sterling declined to ...

iFOREX Daily-May 20, 2013

Sophie J. Fletcher | 06:55 | 20/05/13

Friday’s economic reports indicated that U.S. Consumer Sentiment climbed to the highest level since 2007 while the index of Leading Indicators more than doubled economists’ forecasts, two factors that caused the U.S. Dollar to rally versus the majority of its ...

iFOREX Daily-May 17, 2013

Sophie J. Fletcher | 07:55 | 17/05/13

The U.S. Dollar weakened against the Euro and the Yen on disappointing economic reports which dampened speculation that the Federal Reserve may slow its asset purchasing in the near future. The data released surprised market investors yet again, and prompted ...

Euro Drops On Regional Contraction

David Sumner | 07:40 | 16/05/13

The Euro currency slumped to a six-week low versus the U.S. Dollar after reports indicated that the Euro region’s economy contracted while Germany’s economic growth lost momentum. According to official data, gross domestic product shrank 0.2% in the last quarter, ...