Fx- Foreign Currency Exchange News: Wednesday 31st August, 2011 This morning as we write the EUR/USD has once again failed to hold above 1.4500 yesterday and has dipped into the 1.4385 price zone before moderately moving into the 1.4440 area where it closed the American trade. This was 70 pips below its starting price. Yesterday, [...]
Fx- Foreign Currency Exchange News: Monday 22nd August, 2011 Speculation is high this morning that the Japanese authorities may soon conduct another round of currency market intervention as the Yen weakened against the USD, Euro and other currencies overnight. The Japanese Finance Minister has commented that “we will not rule out any possible measures and [...]
Fx- Foreign Currency Exchange News: Monday 1st August, 2011 Overnight, the Dollar has rallied against the safe haven currencies such as the Yen and the Swiss Franc after the US debt deal was agreed between the Democrats and the Republicans. The head of Asia Pacific Currencies or IFR in Sydney commented that the “markets in [...]
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