tag archive - ‘Federal Reserve’

Euro Falls On Troublesome Data

David Sumner | 07:55 | 03/05/12

The Euro sustained the longest losing streak in a month versus the U.S. Dollar following the release of weak economic data, leaving currency market investors wondering whether the Euro region debt crisis is in fact worsening. According to Markit Economics, ...

iFOREX Daily- May 3, 2012

Sophie J. Fletcher | 07:25 | 03/05/12

The U.S. Dollar gained against the majority of its most traded counterparts despite the news that U.S. firms added fewer workers than anticipated. Official data showed that ADP Employment Changes dipped from 201,000 to 119,000 in April. This raised speculation ...

U.S. Manufacturing Data Improves Economic Outlook

David Sumner | 07:55 | 02/05/12

The U.S. Dollar climbed from a ten-week low against the Yen after official reports confirmed that manufacturing in the U.S. increased to 54.8 in April, which was the highest level since June. The positive data also helped the greenback rally ...

iFOREX Daily- May 2nd, 2012

Sophie J. Fletcher | 07:10 | 02/05/12

The U.S. Dollar rallied against its most traded counterparts as the manufacturing industry surprised the markets by posting better than anticipated data showing a climb in U.S. manufacturing activity from 53.4 to 54.8 in April. These figures confirm that U.S. ...

Spain Slips Into Another Recession

David Sumner | 08:15 | 01/05/12

The Euro declined versus the Yen yet again following reports confirming that Spain entered into a second recession, thereby increasing concerns that the debt crisis in the region is spreading. The 17-nation currency sustained the first decline of the month ...

iFOREX Daily- May 1st, 2012

Sophie J. Fletcher | 07:25 | 01/05/12

The U.S. Dollar rallied against its peers as Spain slipped back into a second recession, triggering flight from risk assets and prompting investors to seek safe havens. The Dollar benefitted from risk aversion despite the announcement of lackluster data and ...

Yen Heads For Record Highs

David Sumner | 08:34 | 30/04/12

The Yen traded close to the highest price since July on speculation that the Federal Reserve won’t set aside the idea of implementing further stimulus in order to boost economic growth. According to Friday’s release, U.S. Gross Domestic Product advanced ...

iFOREX Daily- April 30, 2012

Sophie J. Fletcher | 07:20 | 30/04/12

The U.S. Dollar concluded the week on a low note against its peers after lackluster growth data raised the possibility that the Federal Reserve could still implement further stimulus. According to official data released by the Commerce Department, Gross Domestic ...

Expansion Of U.S. Economy Smaller Than Predicted

David Sumner | 07:45 | 29/04/12

Reports indicating that the expansion of the U.S. economy was less than anticipated during the first quarter caused the U.S. Dollar to decline while the Yen strengthened versus the majority of its money market peers. According to official data, Gross ...

iFOREX Daily- April 27, 2012

Sophie J. Fletcher | 07:55 | 27/04/12

The U.S. Dollar weakened after the markets began to absorb statements issued on the previous day by Federal Reserve Chairman, Ben Bernanke. In his last comments, Chairman Bernanke suggested that the central bank is “prepared to do more” in the ...