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Dollar fell across the board even against the Yen
FXstreet.com (Córdoba) ? In a day that financial markets respond with optimism to new economic data the dollar fell across the board. Not even against the yen the greenback could rise. Normally, in days like these when markets went up and riskier assets benefit the dollar used to fall against European currencies but gain to Japanese yen. Today that didn?t happen and dollar fell also against the yen. During the American Session USD/JPY broke support area at 99.30 and
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Yen rises across the board
FXstreet.com (Córdoba) ? Markets in Asia opened lower after declines in Wall Street. The Yen continues to rise against the Dollar and European currencies. USD/JPY broke below 94.60 and now is at 94.40 which is 180 pips lower that yesterday at this time. The pair is being traded at a 2-month low. European currencies strengthen and rose reaching new multi-low against the dollar. To the Yen, they were unable to reach those levels. GBP/JPY is near a key support at
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Canadian Dollar and Other Commodity Currencies Move Higher Against U.S. Dollar
Commodity currencies are the top performers against the U.S. dollar as risk appetite moves back into financial markets, boosting equity markets Wednesday morning.The top performers of the day are the New Zealand dollar, the Australian dollar, the Norwegian krone and the Canadian dollar.Looking at USD/CAD, the cross has been on a strong downtrend throughout most of the session and remains near the bottom of Wednesday's trading range, hovering just above 1.20 CAD. Currency strategists are expecting stronger
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Asian markets, flat after ?stress test?; Euro, Pound and Yen consolidate
FXstreet.com (Barcelona) ? Asian markets have remained little moved on Friday after U.S. Treasury reported that the 19 largest banks would need $75 billions to be well capitalized, a lower than expected figure. Euro and Pound and Yen have been consolidating during Asian session.Japanese Nikkei index adds 0.2% reversing opening losses, while South Korean Kospi Index trades 0.4% above its opening level, and Australian S&P Index fell 0.7%.Banking shares have been higher today despite rises were narrow in all cases;
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USD/CAD Rising Higher as Banking Concerns Grip Markets
USD/CAD is getting some support from weaker equity markets as banking problems continue to stoke fear sentiment.Weaker North American stocks are providing broad momentum to the U.S. dollar and helping to push USD/CAD closer to the 1.30 CAD marker. The cross is up over a full cent to 1.2884 CAD. The negative sentiment started overnight when the U.S. Treasury released a statement saying it would increase its stake in AIG, allowing the insurance company to draw up to
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Greenback Remains Stronger as Swine Flu Continues to Work Through Markets
The U.S. dollar is broadly stronger on Tuesday, except against the Japanese yen, as the effects of the swine flu continue to work their way through the financial markets on Tuesday.After holding an emergency meeting on Monday, the World Health Organization raised its pandemic threat level on the swine flu from three to four, citing evidence of increased human-to-human transmission. Japan Finance Minister Kaoru Yosano said it is difficult to judge how the swine flu will affect
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Asian markets rise on corporate earnings; Euro and Pound steady at mid-term highs
FXstreet.com (Barcelona) ? Asian markets are going through moderate gains on improved confidence after better than expected corporate earnings forecasts by Olympus and Nissan. Euro and Pound remain steady at high levels, while the Dollar dropped lower against the Yen.Japanese Nikkei Index adds 0.7%, and the Hong Kong Hang Seng Index rose another 0.7%, markets in Australia, New Zealand and India are going through losses.Olympus rose 12% on the back of a company earnings forecast of 40 billion Yen, against
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Euro Gets Lift From Equity Markets
The euro gained more than 1.5 cents against the U.S. dollar on Tuesday as a rebound in stock markets spurred buying.The euro has made gains in three of the past four sessions after falling to a 10-week low last week. Most recently, it was up 0.0163 to 1.2857 USD.The real issue for the euro is that it's trading as a derivative of equity markets, said Adam Boyton, senior FX strategist at Deutsche Bank.At 3 p.m. EST, the
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U.S. Markets open with moderate gains; Euro gives back previous gains
FXstreet.com (Barcelona) ? U.S stock markets are going through moderate gains at the opening times, cheered by better than expected quarterly earnings by Apple and Ebay. The Euro has lost most of the gains pocketed during the European session, Pound and yen remain in range.Dow Jones Industrial Index remains edges up 0.18% while the Nasdaq Index adds 0.32% and the S&P Index trades 0.43% above its opening level minutes after the opening bellShares of Apple and Ebay have surged after
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