Market News

The common currency Euro slipped in Asian trading against the U.S. Dollar, with the realization that Portugal will have no other option but to seek the offered bail-out package from the joint E.U./IMF special purpose mission.

Risk averse investors pushed the Euro lower in Asian trading today, and the short term outlook for the common currency appears dependent on the Portuguese government's approval (or not) of austerity measures legislation.

The Japanese Yen continues to push higher against the. U.S. Dollar in Asian trading, and some market players are speculating that the G7’s resolve to prevent further Yen appreciation may be put to the test later today.

The Japanese Yen remains under pressure against the U.S. Dollar, and although losses were generally limited in somewhat subdued trading, most market players believe that the G7 will likely again intervene to curb the Yen’s rise.

The Japanese Yen, which has been appreciating since last week’s catastrophic earthquake in Japan, slipped by better than 3% in Asian trading today.

The Japanese Yen surged to a new record high versus the U.S. Dollar in Asian trading today, leaving investors to speculate about possible intervention by the Japanese central bank.

The common currency Euro weakened slightly against the U.S. Dollar in Asian trading following the downgrade of Portuguese sovereign debt.

The Japanese Yen is surging as investors off-load high risk currencies in the face of yet another crisis in Japan.

The U.S. Dollar rallied against the Japanese Yen, rebounding off earlier lows in Tokyo trading, following Bank of Japan intervention.

Following the 8.9 magnitude earthquake and resultant tsunami which hit the northern coast of Japan a short while ago, the Japanese Yen broadly fell against the majors.

Unexpectedly dismal trade data from China has sent the Euro lower against the U.S. Dollar, and market players expect that the common currency will continue to sink throughout the day.

The U.S. Dollar was higher versus the Japanese Yen in Tokyo trading today following yesterday's small rise in 3-year Treasury yields.

In early Asian trading, the Euro edged up against the U.S. Dollar, but investors, who have increased their long-term holdings in the common currency, appear to believe that a decline in the short-term will prevent it from breaching the November peak.

The Euro’s rally against the US dollar is being questioned as EU leaders continue to battle the region’s sovereign debt crisis and optimism about the U.S. economy increases.

In Asian trading today, the common currency Euro remained steady, holding onto yesterday’s gains following the hawkish comments issued by European Central Bank president, Jean-Claude Trichet.