Swiss Currency Declines To Multi-Week Low Against Euro [EUR/CHF]
Monday, April 07, 2008 4:05:11 AM - In early trading on Monday, the Swiss currency dropped to a 38-day low against the Euro despite a fall in which country`s unemployment rate. The franc also showed weakness against its US and UK counterparts and reached 4-day and 3-day [...]
Monday, April 07, 2008 6:46:38 AM - Monday, The Organization For Economic Co-operation and Development maintained its Japanese growth outlook for 2008 and stated that a hike in key interest rate would not be warranted until inflation is firmly positive.A report from the Organization For Economic Co-operation and Development, or OECD, revealed that the Japanese [...]
Euro Soars To Multi-week Highs Against Yen And Franc [EUR/JPY]
4/7/2008 7:16:14 AM Monday morning, the European currency advanced to multi-week highs against the yen and the franc as rally in stock prices prompted investors to buy higher-yielding currencies funded with loans from Japan and Switzerland where the interest rates are low.
The euro also strengthened to [...]
Dollar Stable Versus Other Majors Monday Morning [EUR/USD]
4/7/2008 6:57:23 AM The dollar was steady versus other major currencies Monday morning in New York ahead of this week`s G7 meeting Washington, with analysts saying that any move to reassure people about the US financial system will boost the greenback.
Monday will likely be a quiet day in [...]
British Pound Mixed Against Majors [GBP/USD]
4/7/2008 6:29:32 AM In early deals on Monday, the British pound showed mixed trading against its major counterparts. The sterling showed weakness against the dollar and the euro, but was higher versus the franc and the yen.
Against the greenback and the single currency, the pound hit 4-day lows today. Meanwhile, [...]
Yen Slips Versus Other Majors [USD/JPY]
Wednesday, April 02, 2008 2:47:04 PM - The Japanese yen saw weakness against the other major currencies on Wednesday in New York. Traders considered data showing the monetary base in Japan was virtually unchanged in the month of March, the Bank of Japan said today, standing at 88.38 trillion yen.
The [...]
Dollar Eases To Euro, Extends Gains Versus Yen After Jobs Report [EUR/USD]
4/2/2008 2:29:36 PM The dollar went back on the defensive versus the euro but extended its recent gains versus the yen on Wednesday, with traders reacting to data signalling resilience in the US jobs market.
The jobs data shared center stage with Federal Reserve Chairman [...]
4/2/2008 2:06:00 PM Federal Reserve Chairman Ben Bernanke took to Capitol Hill on Wednesday to deliver testimony`s on the US economy to a joint Congressional committee. Market watchers worldwide were seeking insights about the health of the world`s biggest economy and on the Fed`s role in brokering the takeover of Bear Stearns by rival JP [...]
Euro Challenging Multi-month High Versus Yen On Increased Risk Appetite [EUR/JPY]
4/2/2008 12:29:44 PM Increased risk appetite drove the euro to a monthly high versus the yen Wednesday morning, and the single currency is now within hailing distance of its highest level in over two months. The euro jumped to 160.56 from an early level near [...]
Japanese Yen Declines Further Against Majors [USD/JPY]
4/2/2008 11:41:27 AM The Japanese currency declined further against its major counterparts during early New York trading on Wednesday. Currently, the yen is trading near 101.27 versus the franc, 102.78 against the greenback, 203.77 against the pound, 160.50 versus the euro and 100.98 against the loonie.
