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EUR/USD rebounds from 4-day low, downside risks remain

posted by Avatar cane 290 days ago in EUR made popular 289 days ago

Elsewhere, the euro was also up against the pound, with EUR/GBP adding 0.15% to hit 0.8802. Later in the day, the European Central Bank was to publish its monthly bulletin, while the US was to release official data on its trade balance, ... read more
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RBNZ likely to delay OCR rise to December - ASB

posted by Avatar cane 290 days ago in NZD made popular 290 days ago

The past week's events risk sentiment spilling over and briefly affecting economic growth itself in countries caught up in uncertainty. Moreover, the implications for NZ of the Standard and Poors downgrade are the likelihood of the NZD/USD being even ... read more
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EUR/USD: Trading The U.S. Retail Sales Report

posted by Avatar cane 290 days ago in USD, GBP, Economic Indicators made popular 290 days ago

Should the data fall short of market expectations, the FOMC may look to expand its balance sheet further, and speculation for QE3 could sap demands for the reserve currency as the central bank highlights a growing risk of a double-dip recession. ... read more
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Monday's impact of US downgrade so far limited

posted by Avatar cane 293 days ago in USD

In the currencies market, the EUR/USD is solid above 1.4300 so far and tests resistance around 1.4400 as the greenback remains under light pressure. Thee Brown Brothers Harriman Currency Strategy team notes: Obviously, the downgrade is not a dollar ... read more
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Forint strengthens to Swiss franc after SNB cuts interest-rate target

posted by Avatar cane 297 days ago in CHF

By MTI The forint strengthened against the Swiss franc on Wednesday morning's interbank market - trading at 245.71 to the CHF at 10:20am, compared to a rate of 252.50 earlier on Wednesday, - after the Swiss National Bank announced that it would cut its ... read more
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Good morning Emerging Europe/Africa! FX HIGHLIGHTS PLN CZK HUF RUB TRY ZAR

posted by Avatar cane 299 days ago in EUR, AUD made popular 299 days ago

Likewise, GBP/JPY gains were a shade above 126 for the most of am session. Elsewhere, AUD/JPY slipped towards 84.50 after RBA's decision to leave rates unchanged. Nikkei returned from lunch, down 1.3%. - US: Jul ISM manufacturing drops to 50.9 from ... read more
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AUD/USD down in US trade

posted by Avatar cane 303 days ago in AUD, Economic Indicators made popular 303 days ago

By Forexpros.com Forexpros The Australian Dollar was lower against the US Dollar on Thursday after the release of US data on Pending Home Sales. AUD/USD was trading at 1.1005, down 0.15% at time of writing. The pair was likely to find support at ... read more
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USD/JPY: Barrier tripped at 78.00

posted by Avatar cane 306 days ago in USD made popular 306 days ago

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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Canadian Dollar Declines Against Majors Amid CPI, Retail Sales Reports

posted by Avatar cane 309 days ago in USD, EUR made popular 309 days ago

The Canadian dollar traded lower against major currencies following the release of Canada's consumer price index (CPI) and retail sales reports during New York morning trading on Friday. The loonie dropped to a 4-day low against the yen, ... read more
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Pound Sterling, the Euro and US Dollar exchange rate news The Pound took ...

posted by Avatar cane 313 days ago in EUR, GBP

High unemployment and strong inflation will weigh on consumer confidence and the pessimistic outlook for the UK economy means that an interest rate increase could be up to 12 months away. The Pound has made strong gains against the Euro on concerns ... read more
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EUR/GBP bounces off 0.8750

posted by Avatar cane 317 days ago in EUR made popular 316 days ago

The EUR/GBP has pared earlier light losses in morning trade over Europe, bouncing off support at 0.8750 and moving back towards 0.8800 ahead of mid-day over the old continent. The pair currently trades near 0.8790 where it ... read more
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Swiss banks pay Rs 1,00000 cr tax a year

posted by Avatar cane 317 days ago in CHF

Detailing the importance of Swiss banks in various aspects of the economy, SBA said: "The financial centre [including staff and shareholders] pays an estimated CHF [Swiss Francs] 14-18 billion [Rs 75000-1,00000 crore] each year overall in direct and ... read more