Market News

the U.S. Dollar and common currency Euro were pushed higher versus the Japanese Yen as importers from Japan bought those currencies heavily to settle their accounts.

The Euro slipped versus the U.S. Dollar and Japanese Yen on media reports that the debt-burdened nation of Greece is seeking to amend the recently discussed bailout plans.

The USD down this morning in the Forex trading market.

In early trading in Tokyo today, the first day of the new fiscal year, the U.S. Dollar struck 93.65 Japanese Yen, the highest trade since early January.

The U.S. Dollar struck a 2-month peak versus the Japanese Yen in Asian trading today.

Investor appetite for risk was on the rise in Asian trading today following the welcome news that Greece will be able to raise money to settle a portion of its debt burden. That positive news help increase earlier gains for the single currency Euro against the U.S. Dollar.

Earlier gains in the common currency Euro were given up against the U.S. Dollar in Asian trading today following a rise in short covering.

After Greece was bailed out, the EUR responded immediately.

The USD set a new 10-month peak versus the EUR following comments from Zhu Min, a prominent Chinese central banker.

The latest financial developments indicate that Germany might come to the rescue of Greece and its debt.

The common currency Euro slid to a new record low versus the Swiss Franc, and a 10-month trough against the U.S. Dollar, in Asian trading today.

The Forex market is strongly affected by the large debt in Greece.

Increased investor risk appetite helped to push the Euro into positive territory in Asian trading today.

The fiscal problems in Greece and worries about whether or not aid would be secured to bail out the debt troubled nation continue to put pressure on the common currency Euro

The Euro held steady in Asian trading today, despite comments from Greek officials that promised cuts in their budget deficit are unachievable given the current high costs of borrowing.