Currency Trading & Investing News Blog

» Currencies: High-yielding currencies face pressure

High-yielding currencies like the Australian dollar and the British pound come under pressure as investors fret about declining stock markets and an unraveling world economy.

Posted: Thu, 20 Nov 2008 15:26:00 -0500

» Currencies: Dollar recovers from earlier dip as risk aversion rises again

The dollar retakes ground it lost earlier and rallies, as U.S. stocks plunge and investors' risk appetite evaporates in the wake of downbeat minutes of the U.S. Federal Open Market Committee's October meeting.

Posted: Wed, 19 Nov 2008 16:56:00 -0500

» Currencies: Dollar recovers from earlier dip against major rivals

The dollar's losses fade late in the session, recovering from an earlier dip as crude-oil prices rise and stocks rally, reducing demand for the greenback's safe haven.

Posted: Tue, 18 Nov 2008 18:16:00 -0500

» Currencies: Dollar mostly lower amid global recession fears

The dollar fell against most major rivals Monday, as Wall Street withered and fears about a global economic slowdown rose.

Posted: Mon, 17 Nov 2008 18:57:00 -0500

» Currencies: Euro falls, dollar gains as euro-zone falls into recession

The euro is under pressure, losing ground against the dollar and major counterparts as data confirmed expectations the 15-nation euro zone had tumbled into recession for the first time since the single currency’s introduction nearly 10 years ago.

Posted: Fri, 14 Nov 2008 17:46:00 -0500

» Currencies: Dollar gives up gains as risk appetite recovers

The euro recovered from an early dip triggered by confirmation that Germany slipped into recession in the third quarter, as U.S. stocks and investors’ risk appetite recovered.

Posted: Thu, 13 Nov 2008 18:37:00 -0500

» Currencies: Pound tumbles as Bank of England signals more cuts

An already-weakened British pound sees renewed pressure after the Bank of England’s quarterly inflation report leaves the door open to further rate cuts.

Posted: Wed, 12 Nov 2008 16:00:00 -0500

» Currencies: Dollar up against most rivals, once again lifted by risk aversion

The dollar extends gains against all major counterparts, with the familiar exception of the yen.

Posted: Tue, 11 Nov 2008 17:56:00 -0500

» Currencies: Dollar pares losses as investors parse China stimulus

The dollar pares its losses against most major rivals, as stocks and commodities investors curb their initial enthusiasm about China’s stimulus package.

Posted: Mon, 10 Nov 2008 17:22:00 -0500

» Currencies: Dollar falls after U.S. job losses top forecasts

The U.S. dollar declines after the Labor Department says more jobs were lost in October than forecast, indicating continued pain for the economy.

Posted: Fri, 07 Nov 2008 17:33:00 -0500

» Swiss franc sinks after rate surprise

Currency drops to weakest level in 15 months against dollar after Swiss National Bank surprises investors with 100bp rate cut

Posted: Thu, 20 Nov 2008 19:03:30 +0000

» Fresh worries over Asia's sliding currencies

Concerns over a sharp slowdown in global growth prompts a renewed downward shift in risk appetite driving foreign investors to repatriate funds from the region, piling pressure on local currencies

Posted: Thu, 20 Nov 2008 19:03:30 +0000

» Bank of England discussed 200bp rate cut

The Bank of England's Monetary Policy Committee voted unanimously to slash the bank rate by 1.5 percentage points this month, and considered an even larger cut, underscoring concerns about credit conditions globally and the decline in consumption and demand at home

Posted: Wed, 19 Nov 2008 21:31:29 +0000

» View of the Day: Dollar rally over?

The dollar has lost several important sources of support says David Powell at Bank of America

Posted: Wed, 19 Nov 2008 15:32:18 +0000

» UK inflation falls for first time in 15 months

Consumer prices tumbled in October, justifying the Bank of England's 1.5 percentage point interest rate cut and opening the door to further reductions in the costs of borrowing

Posted: Tue, 18 Nov 2008 22:41:53 +0000

» Moody's lowers Citic Group rating

Moody's downgraded Citic Group, the investment arm of China's State Counci, saying that its recent decision to bail out a Hong Kong affiliate raised concerns about its credit­worthiness

Posted: Tue, 18 Nov 2008 17:18:55 +0000

» More troubles emerge among derivatives

Further stress emerged in the long-term US interest rate derivative market on Monday, with the latest episode of pain coming from impaired exotic trades based on the Japanese yen

Posted: Tue, 18 Nov 2008 02:00:00 +0000

» View of the Day: UK recession

The prospect of a fiscal boost in the Pre-Budget Report and the recent fall in sterling will not prevent a severe UK recession says Jonathan Loynes at Capital Economics

Posted: Mon, 17 Nov 2008 16:32:40 +0000

» Insight: The dollar is a flawed currency

This is an excerpt from this week's View from the Markets online interview with investor Jim Rogers

Posted: Mon, 17 Nov 2008 16:05:23 +0000

» Sharp fall in French business confidence

The French economy will contract by 0.5 per cent in the fourth quarter of 2008, following further falls in business confidence and industrial output, according to a survey published by the Bank of France

Posted: Mon, 17 Nov 2008 13:05:22 +0000

» France defies recession expectations

The French economy grew by 0.1 per cent quarter-on-quarter from July to September defying expectations that it would immediately follow Germany into a technical recession.

Posted: Fri, 14 Nov 2008 10:00:16 +0000

» Fast decline throws Germany into recession

Germany has officially plunged into recession with economic activity contracting faster than expected in the third quarter, intensifying fears about Europe's downturn

Posted: Thu, 13 Nov 2008 19:20:46 +0000