The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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The common currency Euro backed off of recent losses, gaining on the U.S. Dollar in Asian trading as Eurozone officials report that Dublin appears ready to work out a plan to rescue their ailing economy.
The common currency Euro remains close to a 7-week trough against the U.S.
The U.S. Dollar rose in Asian trading today, briefly striking a 6-week peak versus the common currency in Euro before it slipped back.
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The U.S. Dollar rose to a 6-wee peak versus the common currency Euro in London trading as continuing concerns over Eurozone debt are shaking market confidence.
The USD index hit a six-week peak on Monday, getting a push by higher U.S. Treasury yields. The EUR was stung as Ireland's growing debt problems shook confidence in the euro zone.
Resurfacing investor fears as to whether Ireland’s government will be able to repay sovereign debt and lower its deficit are having a detrimental effect on the Euro, which today struck a 6-week trough against the U.S. Dollar.
The U.S. Dollar slipped versus the Japanese Yen in Asian trading today, coming off a near 1-month peak attributed to investor’s sell-off of the greenback, but market players expect that the dollar will rebound later in the trading day as hedge fund operators enter the picture during the European session.
In Asian trading today, the common currency Euro continued its slide versus the U.S. Dollar on resurfacing investor worries about the Eurozone’s debt problems, giving investors a reason for profit taking.
Continuing worries about the Eurozone’s peripheral debt has kept the common currency under pressure in Asian trading today.
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In early London trading, the U.S. Dollar rose against the common currency Euro, benefiting from investors unwinding their short dollar positions as worries over Eurozone debt resurfaces and strong U.S. payrolls data in the U.S. ease some lingering worries.
The U.S. Dollar held near newly established lows in Asian trading today, with the U.S. Dollar Index setting an 11-month low at 75.89 .DXY.
Following the Federal Reserve’s announcement yesterday confirming the speculation that additional quantitative easing measures would be forthcoming, the U.S. Dollar slipped broadly.
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The U.S. Dollar remains broadly defensive ahead of today’s expected quantitative easing announcement by the Federal Reserve’s FOMC, and until that decision is announced at 6:15 p.m. (GMT), market players remain cautious.