Market News

At 3:11 p.m. (JST) in Tokyo, the Euro traded at $1.3900, a decline of .2% and well off last Friday’s 8-month peak

The U.S. Dollar continues to extend last Friday’s late rebound in Asian trading today, with the Dollar Index rising and pulling farther from the 10-month trough struck last week. As reported at 12:40 p.m. (JST) in Tokyo, the Dollar Index traded at 77.402 .DXY, a gain of .5%.

Investors cutting their short U.S. Dollar positions helped to give the greenback some respite from the weeks’ lows.

The U.S. Dollar Index struck a new 10-month low in Tokyo trading, continuing to be put under selling pressure, this time pushed lower by the policy tightening actions of the Monetary Authority of Singapore.

Yesterday’s release of the minutes from last month’s Federal Open Market Committee policy meeting spurred on investor speculation that the Fed will soon increase their QE measures.

In Asian trading today, the U.S. Dollar Index held steady, and may be an indication that market players are factoring in the possibility of the Fed’s putting QE measures into play soon.

In spite of speculation that the Federal Reserve will implement more quantitative easing policies in an effort to spur the sluggish American economy, the U.S. Dollar steadied in Asian trading.

If you have been following the latest trends on the Web, you are surely aware of the social media wave taking over the internet community. The first Forex entity to jump on this wave was of course Currensee.

Ahead of the Labor Department’s release of weekly employment data, the U.S. Dollar steadied in Asian trading, recovering slightly from the sell-off that occurred earlier in the week. The markets are also keenly awaiting news out of the IMF and the G7 meetings later today.

The U.S. Dollar held fast to multi-year lows against the Japanese Yen in Asian trading today.

In Asian trading today, the U.S. Dollar held steady versus the Japanese Yen, but the market is merely waiting for the greenback to further soften once the Federal Reserve Bank takes additional quantitative easing measures, as most investors anticipate they will.

In a move that caught the global forex markets unaware, the Bank of Japan today, in a unanimous vote, announced a reduction in its lending rate to a mere sliver above zero percent.

With investors unwinding long Yen positions in advance of this week’s policy meeting in Japan, the U.S. Dollar gained versus the Japanese currency in Asian trading; most investors don’t see any real surprises coming out of the meeting, however.

With investor risk appetite whetted by positive economic data from China, the common currency Euro moved up against the U.S. Dollar in Asian trading today, holding steady near a 5-month peak

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