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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: NZD/USD collapses 3.15%, below 0.5500

FXstreet.com (Barcelona) - The kiwi has lost around 3.15% against USD from 0.5646 today's opening price to reach 0.5487, fresh monthly low. Currently NZD/USD is trading around 0.5505/15 range.Since April 13 NZD/USD has fallen around 450 pips from 0.5933, April 13 highest to 0.5487, today and monthly low. Last week, NZD/USD lost 3.33% from 0.5850 Monday opening price, reaching 0.5933 as maximum and 0.5652 as weekly minimum, to close the week at 0.5657 as Friday closing price.For more information, read

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Sterling Stronger After Weak CBI Report

The pound sterling is higher on Thursday after a weaker than expected manufacturing report from the Confederation of British Industry (CBI).On Thursday morning the CBI's manufacturing orders index advanced to -57 from March's -58 level. Expectations had been for a read of -54.After unveiling one of the largest budgets in the UK's history on Wednesday, UK Chancellor of the Exchequer Darling said that fiscal and monetary stimulus will help the economy recover by the end of 2009

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German ZEW survey beats expectations in April; Pound and Euro break day tops

FXstreet.com (Barcelona) ? German ZEW Economic Expectations index has soared to 13.0 in April from -3.5% in March, according to the ZEW economic research institute.April?s increase has beaten the expert?s expectations which advanced a 3.8 reading. The assessment of the current economic situation, however, has worsened to -91.6 from -89.4 in March.The Euro has broken above 1.2950 after the data was released, reaching levels below 1.3000 minutes later. GBP/USD has broken above 1.4175 intra-day high, reaching to 1.4600 minutes after

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USD/JPY falls below 94.80, fresh 7-week low

FXstreet.com (Córdoba) ? The Yen strengthen and is rising across the board. USD/JPY rally downside form 95.55 to the 7-weeks low at 94.70. The pair is testing that zone. Next support level is 94.15 (March 20 low). Current price is 94.79 which is 1.22% below opening price. Also against European currencies the Yen is gaining, recovering yesterday losses and heading toward the lows of the week.For more information, read our latest forex news.

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Forex: USD/CAD falls after rejecting 1.2180 level

FXstreet.com (Barcelona) - After fighting the 1.2180 level since the Asian session, the USD/CAD has begun to falls quickly last hour from 1.2182 to 1.2126, losing almost all the ground advances today. Currently, the pair is trading around 1.2130/40 after rising 0.05% so far today from opening price at 1.2131.Last week USD/CAD fell 0.50% from 1.2157 Monday opening price, reaching 1.2505 as April maximum and 1.2074 as intra-week minimum, to close Friday at 1.2095.According to Nick Nasad, CMS Forex analyst,

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Forex: USD/CAD falls 1.10% to trade below 1.1900

FXstreet.com (Barcelona) - After falling around 1.10% so far today from 1.2026 opening price to reach 1.1860, fresh 3-months low, USD/CAD has been traded in a small range between 1.1870 and 1.1920, fighting for the 1.1900 key level. Currently the pair is trading around 1.1895/1.1905.USD/CAD has reached a 1.1860, lowest level since January 11, since the 2009 high at 1.3065 in March 9, the pair has fallen around 1200 pips in seven weeks. In April, USD/CAD is falling 5.80% from

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Yen Weaker On Monday After Weaker CGPI

The Japanese yen is weaker on Monday after the corporate goods price index suggested additional downside inflation pressures for the country.According to a report from the Bank of Japan on Monday the Annual Japanese Corporate goods price Index fell 2.2% in March despite expectations for 1.8% contraction and 1.6% decrease the month prior.On the equities side the Japanese Nikkei closed 0.44% lower in the absence of any major economic news, with many of the world's stock markets

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