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Greenback Moves Higher After Japanese Official Says G20 to Back USD

The U.S. Dollar is mostly stronger on Friday after a Japanese Finance Ministry Official said the G20 would likely not question moving away from the U.S. dollar as the world's reserve currency.According to Reuters, a senior Japanese Finance Ministry official said he does not expect the G20 to discuss abandoning the USD in favour of a new reserve currency.Traders and media alike are divided over whether the recent 21% gain in the Dow Jones Industrial Average from

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Conversor Naira / Dólar de Singapore (NIGÉRIA / SINGAPORE)

Conversor Naira / Dólar de Singapore permite-lhe converter a moeda da NIGÉRIA em SINGAPORE baseado na taxa de câmbio.

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RTFX Trend Indicator : USD/JPY Haussier, USD/CAD Baissier, AUD/USD Neutre.

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Yen Slides After Weak Data and Downbeat Commentary from Lawmakers

The Japanese yen is weaker on Monday after a larger-than-expected current account deficit and some downbeat commentary from lawmakers over the weekend.The Japanese January current account fell into deficit at ¥172.8 billion versus an expected shortfall of ¥15.3 billion and follows December's ¥125.4 billion surplus. This is the first deficit since 1996.Japanese Finance Minister Kaoru Yosano told lawmakers on Monday that public debt could top ¥1,000 trillion by the end of the 2009 fiscal year.Japanese Vice-Finance Minister

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Forexnewsmarket.com 3/10/2009 News

ForexNewsMarket.com - 24/5 Trading Strategies, Market News & Analysis3/10/2009 Forex NewsAsian Stocks DropAsian stocks sunk sharply on Monday and the trend continued on Tuesday amid fears over the economy. Many large companies in Asia and the West are struggling to stay afloat, worrying many investors over the state of the global economy.Inves

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BOE's Sentance Says Recent CPI Data Points to Short-Term Pound Effect

Frankfurt - Bank of England Monetary Policy Committee member Andrew Sentance said the UK inflation data released on Tuesday reflected the short-term impact of the pound's depreciation.Earlier in the week, the Office for National Statistics reported that UK annualized inflation accelerated to 3.2% in February, up from both the 2.6% figure expected and January's 3.0% rate.However, Sentance said that while the fall in inflation may take longer than the BOE presently expects, CPI will resume its downward trend.

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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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