Market News

A surprise rate hike by the Australian central Bank helped push the Aussie higher against the greenback in Asian trading today.

In New Zealand, the Kiwi Dollar traded higher versus the U.S. Dollar, striking a 27-month peak as investors move to position themselves in advance of this week’s Federal Open Market Committee meeting which concludes on Wednesday.

The USD declined towards a 15-year low as the Japanese currency rose broadly

Pulp International business LTD (FXPULP), a CYSEC licensed company and online Global FX broker announces participation in the 2010 Middle East Online Trading Summit & Awards in Dubai November 9-10 at the Jumeirah Emirates Towers Hotel.

The U.S. Dollar slipped against the Japanese Yen, approaching a 1995 historic low in choppy trading in Asia today.

A short term comeback in the dollar stopped on Thursday but traders said an increase in U.S. Treasury yields could cause more buybacks in the greenback before the Fed’s policy meeting next week.

Speculation exists that a possible rise in the yield of U.S. Treasury instruments may encourage more buybacks of the U.S. Dollar.

In Tokyo trading today, the U.S. Dollar moved higher versus the Japanese Yen and the common currency Euro as investors speculate that the Federal Reserve will likely initiate quantitative easing in tranches.

This year's Middle East trading summit will be taking place in Dubai on November 9th and 10th. The venue of choice will be the Jumeirah Emirates Tower Hotel and Azurite markets will be exhibiting.

The USD inched higher versus the Japanese currency and EUR on Wednesday after the Wall Street Journal exposed the U.S. Federal Reserve was more than likely to reveal plans for gradual Treasury acquisitions at its policy meeting next week.

The U.S. Dollar held slightly above the 1995 historic low of 79.75 Yen versus the Japanese Yen in Asia today, causing the Japan Ministry of Finance to caution investors that they would not hesitate to intervene should the Yen appreciate further.

Now that the Group of 20 has concluded its 3-day meeting in South Korea, investors turn their focus towards Washington, DC where they await the Fed decision on quantitative easing.

The U.S. Dollar held stead in Asian trading today, even as the meeting of the Group of 20 finance ministers sits for their first policy session in South Korea.

Ahead of this weekends’ Group of 20 meeting in South Korea, the U.S. Secretary of the Treasury, Timothy Geithner, commented that he plans to use the meeting as a forum to focus attention on the need to rebalance global economies, and move closer to a coordinated exchange rate policy.

The U.S. Dollar Index slipped in Asian trading today, falling after yesterday’s surprise rate hike by the People’s Bank of China.