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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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Forex (foreign exchange) Currency trading

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U.S. Dollar Remains Strong as Equity Markets Continue to Fall

(CEP News) - Weaker equity markets continue to dominate currencies, and are providing support for

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Wall Street ends 6-week rally; Yen renews strength

FXstreet.com (Córdoba) ? The Dow Jones Industrial Average rose today 1.50% and ended above 8.000 but failed to continue the weekly rally ending a period of six straight weeks of rises. Related what happened in markets, currencies that used to gain strength during times of risk aversion had a comeback. The Japanese yen appreciated against USD, GBP and EUR; but lost to CHF. These movements show an increase in the price of those currencies associated with refuge positions. USD/JPY closes

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Yen continue strong

FXstreet.com (Buenos Aires) - Japanese yen continue strong, and the pair is now at a key support zone, close to daily pivot at 94.50. Confirmation under that zone, could trigger some bearish momentum, yet 20 SMA with bullish slope should hold the downside at least at a first attempt.Valeria Bednarik, collaborator at FXstreet.com said: Attempts to the upside should remain contained by the descendant trend line coming from 99.50 around 95.10.For more information, read our latest forex news.

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European markets continue suffering from Swine Flu; Dollar and Yen, stronger

FXstreet.com (Barcelona) ? European markets are going through losses at the opening as concerns about swine flu spread continue weighing on investors. In FX markets, Dollar and Yen tick higher.Eurostoxx 4550 Index drops 2.19% and German DAX Xetra declines 2.31 while French CAC loses 2.11%. In London, FTSE Index trades 2.01 below its opening level at 8:00 GMT.Companies trelated with travels and tourism continue posting losses, British Airways' shares dropped 2.3% as the outbreak of swine flu is expected to

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Euro Hits Top of its Trading Range as Risk Appetite Returns

Geoffrey Yu, FX strategist from UBS, said their outlook is bearish on the euro as the global and European economies continue to weaken. The fundamental data is still negative and markets will continue to flock to safe haven currencies, he said.

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Euro Under Pressure as Equities Continue to Fall

The euro is trading near the bottom of its range against the U.S. dollar on Monday as global equity markets continue to fall.The euro continues to lose ground against the U.S. dollar, trading below 1.26 USD level ahead of the North American trading session. EUR/USD has been selling off since the start of the Asian session on the back of rising risk aversion.Despite the drop against the greenback, the euro is showing modest strength this morning against

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Euro continue to rise

FXstreet.com (Jakarta) - The Euro (EUR) continued to rise rapidly as sentiment improved and Eurozone confidence improved. Of concern was German GDP Growth was downgraded to -6.0% vs. -2.25% initially. The pair rallied to above 1.3300 before easing into the US close.?Overall the EUR/USD traded with a low of 1.3122 and a high of 1.3340 before closing at 1.3260,? said Easy Forex Team.For more information, read our latest forex news.

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