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.
The Japanese Yen continues to rise versus the U.S. Dollar, touching on its highest trade in 14 years. As reported at 3:31 p.m. (JST) in Tokyo, the Yen traded at 84.82 Yen, the highest point since 1995, before retreating to 86.05 Yen, a .6% rise on the day.
Investor speculation that Japan’s central bankers will permit the continued appreciation of the Japanese Yen led to that currency’s 14-year peak against the U.S. Dollar in trading in Asia.
In Asian trading today, the U.S. Dollar fell to its lowest point in 7-weeks versus the Japanese Yen in Asian trading today. As reported at 1:53 p.m. (JST) in Tokyo, the U.S. Dollar slipped to 88.20 Yen, approaching the 88.01 Yen low of early October.
Following four downtrending days attributed to a rising stock market and record setting gold prices, the Australian Dollar finally saw broad gains in Asian trading today.
Global Equity Markets were mixed across the board yesterday. In the U.S, the DJIA recovered most of its losses after losing nearly 100 points following the poorer than expect housing data numbers.
The Japanese Yen traded close to a 5-week peak versus the U.S. Dollar on speculation that there is growing pressure on Japan’s banks to raise capital. As reported at 6:51 a.m. (GMT) in London, the Yen was trading at 89.15 Yen against the U.S. currency, off of yesterday’s peak of 88.74 Yen in New York.
The slide of the U.S. Dollar continues the 15-month downtrend in Sydney trading today, reinforced by the Federal Reserve stance to maintain the status quo. On Monday, the Chairman of the U.S.
The “official” rhetoric regarding the possible appreciation of the Chinese Yuan continues while market players’ belief of the same receded.
As reported at 10:23 am in Sydney, the U.S. Dollar held onto small gains in Friday’s Asian trading following another round of investor profit-taking.
Buoyed by better than expected jobs data and firmed commodity prices, the Australian Dollar reached a new 15-month high versus the U.S. currency in Asian trading today.
The Japanese Yen moved higher in Asian trading today, gaining against high-yielders following the release of mixed economic reports coming out of China.
In Asian trading, the U.S. Dollar Index approached a new 15-month low versus a group of six major currencies.
Commodity linked currencies, led by the New Zealand Dollar, moved sharply higher versus the U.S. Dollar in Monday’s trading in Sydney.
The U.S. Dollar remained flat in Friday trading in Sydney as investors consolidated positions in advance of the release of non-farms payroll data due out from the U.S. Department of Labor later today.
With the continued pledge of the Federal Reserve Bank chairman, Ben Bernanke, that U.S. interest rates would remain at historic lows for the time being
