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Euro Rises to Record High Versus Yen on Search for Higher Yield
2007-06-05 09:02:00 By David McIntyre and Stanley White - Bloomberg.com June 5 (Bloomberg) — The euro rose to a record versus the yen on prospects the Euro pean Central Bank will raise interest rates tomorrow, widening the yield differential with Japan. The yen is the world’s worst performer this quarter as the lowest borrowing cost among major economies spurs investors ... More About: Search , Versus , High , Record
USD Softer Ahead of Services Report
2007-06-05 07:45:00 By Korman Tam - Forexnews.com Powered by MGForex The greenback is softer across the board, drifting to new 30-year lows against the Canadian dollar and falling back toward the 1.35-level versus the euro. The focus for the week continues to be global central bank policy, given decisions from the ECB, RBA and BoE. The US economic calendar is ... More About: Services , Report , Repo , Vice , Ahead
Dollar Drops Against Major Counterparts
2007-06-04 18:26:00 Source: RTTNews The U.S. dollar dropped against its major counterparts on Monday morning in New York. The morning saw the greenback drop to a three-week low against the sterling. Trading took place amid the mid-morning release of data that showed U.S. factory orders increased by 0.3% in April. The dollar fell against the euro in Monday morning ... More About: Dollar , Count , Counter , Major , Drop
Sterling hits near 15-yr peak vs yen, mkt eyes BoE
2007-06-04 13:52:00 LONDON, June 4 (Reuters) - Sterling hit its highest level in almost 15 years versus the yen on Monday as investors continued a trend of borrowing in the low yielding Japanese currency to fund purchases of higher return assets in carry trades. The pound also stayed on firm ground against the dollar before this week’s Bank ... More About: Eyes , Hits , Peak
Dollar hits 7-week highs vs euro after ISM data
2007-06-01 18:04:00 The dollar rose to seven-week highs against the euro on Friday after a survey showed a U.S. manufacturing index for May rose to its highest since April 2006. index of U.S. factory activity edged up to 55.0 from 54.7 in April. The median forecast had been for a reading of 54.0. Earlier today NFP turend out higher ... More About: Euro , Dollar , Data , Week , Hits
Job Growth Comes In Above Economist Estimates In May
2007-06-01 17:47:00 Source: RTTNews 6/1/2007 9:27:49 AM The U.S. economy added more jobs in the month of May than economists had been expecting, according to a report released by the Department of Labor on Friday, although the job growth was exclusively in the service sector. The report showed that employers added 157,000 jobs in May following a downwardly revised ... More About: Economist , Growth , Econ , Grow , Estimates
Dollar hits 15-year high against yen
2007-06-01 17:35:00 By Jacob Saulwick - smh.com.au THE Australian dollar crashed through to a 15-year high against the yen on Friday as booming sharemarkets emboldened money market traders and ramped up demand for the local currency. After rising more than 13 per cent against the Japanese currency over the past month, the dollar was at ¥101.03 late on Friday, its ... More About: Dollar , High , Hits , Year , Doll
Forex Technical - 06.01.07
2007-06-01 14:39:00 Source: Fore x yard.com EUR/USD In the last 12 H this pair was trading in an extremely tight channel and repeated attempts to breach the 1.3462 R level (Fibonacci) and the S 1.3449 (Fibonacci) which are both marked as Fibonacci retracement levels. A breach of one of these levels may indicate the establishment of the next significant trend, traders ... More About: Technical , Technic
Forex Analysis - 06.01.07
2007-06-01 14:36:00 Source: Fore x yard.com USD It was an exciting day yesterday as traders awaited the releases of the Q1 GDP revision, Chicago Purchasing Managers Index (PMI), House Price Index, construction spending report and the weekly jobless claims figures. The signals were mixed as the GDP dropped from 1.3% to 0.6% and the Chicago PMI went up above expectations to ... More About: Analysis , Anal
Dollar Mixed Against Southeast Asian Counterparts Late Thursday
2007-06-01 08:23:00 Source: RTTNews Friday, June 01, 2007 1:32:02 AM - During late Thursday in New York, the US dollar showed a mixed performance against its Southeast Asian counterparts. The US dollar spiked higher versus the Hong Kong dollar, but it held steady with the Thai Baht. On the other hand, the Greenback largely showed choppy trading against ... More About: Dollar , East Asia , Parts
US Data Mixed, Payrolls Eyed
2007-06-01 08:10:00 By Korman Tam - Forexnews.com Powered by MGForex The dollar was mixed in the Thursday session, climbing higher against the yen and euro, while remaining pressured near 30-year lows versus the Loonie. The reports released earlier today continued to reinforce the mixed nature of the US economy and provided support for the greenback, which firmed to a ... More About: Data , Mixed , Mixe , Payroll
Australian Dollar Advances Against Majors Early Thursday
2007-05-31 12:36:00 Source: RTTNews Thursday , May 31, 2007 5:51:11 AM - The Australian dollar made advances against its major counterparts during the early hours on Thursday in New York. The German April ILO unemployment rate, French May consumer confidence indicator, PPI for April and the British Nationwide house prices for the month of May which were released during ... More About: Dollar , Early , Stra
Dollar steady near 7-wk high vs euro, data eyed
2007-05-31 12:28:00 By Carolyn Cohn LONDON, May 31 (Reuters) - The dollar held near a seven-week high against the euro on Thursday as investors awaited a slew of U.S. data that could further cool expectations for the Federal Reserve to trim interest rates later in the year. Revised U.S. data on first-quarter growth at 1230 GMT is forecast to ... More About: Euro , Dollar , Data , High , Doll
FX Awaits Data Barrage
2007-05-31 08:41:00 by Korman Tam - Forexnews.com Powered by MGForex The foreign exchange market was mixed, with the dollar remaining buoyed against the euro and sterling, while losing ground to the yen and Loonie. Yesterday?s stamp-tax hike from China to tame exorbitant gains in its stock market added pressure to carry trades as traders reassessed the scope for increased ... More About: Data , Barr , Barra , Wait
Forex Technical - 05.31.07
2007-05-31 08:32:00 Source: Fore x yard.com EUR/USD The pair recovered most of the losses after nailing a new low for its short-term downtrend. The pair should trade sideways to lower today. It has strong support at 1.3400. If this level breaks, look for a test of the support at 1.3375. Below this Fibonacci retracement level there is support at 1.3275. Immediate ... More About: Technical , Technic
Forex analysis - 05.31.07
2007-05-31 08:29:00 Source: Fore x yard.com USD With the dollar barely moving now, this the 4th day in a row, many traders have begun asking themselves 2 questions: 1. What’s holding the dollar up 2. What’s the reasons which may cause the dollar to crumble under pressure again? Let’s start with the basics: for starters, there are a lot of economic ... More About: Analysis , Anal
Yen firmer as falling stocks curb risk appetite
2007-05-30 13:41:00 By Natsuko Waki LONDON (Reuters) - The low-yielding yen ticked higher against the euro on Wednesday as a six percent fall in Chinese stocks made investors nervous about risky carry trades. The dollar held steady against the euro near last week’s six-week high ahead of Federal Reserve minutes of its May policy meeting, which could add to ... More About: Stocks , Risk , Fall , Petite , Petit
Swiss Franc Gains Ground Against Majors Early Wednesday
2007-05-30 11:21:00 Source: RTTNews Wednesday , May 30, 2007 3:11:17 AM - The Swiss Franc gained ground against the other major currencies during the early hours on Wednesday in New York. The Italian producer price index and the Euro-Zone M3 money supply-both for the month of April are the key economic events expected during the coming hours. The US ... More About: Ground , Early , Round
Forex technical - 05.30.07
2007-05-30 11:17:00 Source: Fore x yard.com EUR/USD Yesterday, after a choppy trading session where the pair touched 1.3520 and then dropped to 1.3442, it appears to be consolidating. The hourlies are still oversold, and the daily studies give mixed signals with a slight tendency to the bearish side. Local target price might be around 1.3410. GBP/USD The pair touched 1.9900 yesterday, and now ... More About: Technical , Technic
Forex daily analysis - 05.30.07
2007-05-30 11:14:00 Source: Fore x yard.com USD Yesterday the most significant news to come out of the US was the Consumer Confidence Index which rose to 108 this month from a revised 106.3 in April, a five month low. The market was expecting a figure of 104.5 so this unexpected jump signaled that consumers are continuing to spend despite the prevailing ... More About: Daily , Analysis , Dail
Dollar Mixed Against Southeast Asian Currencies Late Tuesday
2007-05-30 08:33:00 Source: RTTNews Wednesday, May 30, 2007 1:41:37 AM - During the late hours on Tuesday , the US dollar saw a mixed dealing against the Southeast Asian currencies. While the US dollar showed weakness against the Hong Kong dollar, it advanced versus the Malaysian Ringgit. On the other hand, the US currency moved sideways against the Singapore ... More About: Dollar , East Asia , Currencies
Loonie Surges on BoC
2007-05-30 07:59:00 By Korman Tam - Forexnews.com Powered by MGForex The major currency pairs were mixed in Tuesday trading with the return of several major markets from holiday. The biggest advancer in the session was the Canadian dollar, pushing to a fresh 30-year high against the greenback on the heels of a hawkish policy statement from the BoC. Meanwhile, the ... More About: Loon , Urge
Canadian Dollar rose after BOC
2007-05-29 16:07:00 The Canadian Doll ar climbed sharply against its counterparts in trading on Tuesday morning. The Canadian dollar moved as the Bank of Canada left the interest rate at 4.25 but hinted at “near future” rate hikes to stem inflation. The loonie jumped sharply to a mark of 1.4493 against the euro and reversed earlier losses, reaching close to a seven ... More About: Rose , After
Forex technical - 05.29.07
2007-05-29 12:04:00 Source: Fore x yard.com EUR/USD In the last couple of days, we have witnessed a tight range trading between the 1.3411 support and the 1.3471 resistance. On the 30 MIN chart a reverse head & shoulders pattern is forming however not yet completed. In the chance that it will be completed we are expecting an upcoming bullish trend which will ... More About: Technical , Technic
Forex daily analysis - 05.29.07
2007-05-29 12:03:00 Source: Fore x yard.com USD The US Market was closed for holidays on Monday and market liquidity was very low. Today , the Conference Board is expected to release the results of its survey about Consumer Confidence. Consumer Confidence has been a major focus for economists these days, as it reflects consumer behavior and the effect it has on ... More About: Daily , Analysis , Dail
Euro Barely Changed Against U.S. Dollar
2007-05-29 11:59:00 The euro was little changed against the U.S. dollar on Tuesday before new U.S. consumer confidence data. The Euro traded at US$1.3447 today, just below the US$1.3451 it bought in New York late Monday. The British pound was up to US$1.9847 from US$1.9834. It was unclear whether a generally data-light day would provide much new direction for the dollar. Although ... More About: Dollar , Bare , Barely , Chang
Drop in Japanese jobless rate lifts yen against the dollar
2007-05-29 11:51:00 TOKYO (AP): The dollar fell against the yen in Asia Tuesday after a drop in Japan’s unemployment rate fanned speculation about higher Japanese interest rates and caused some players to scale back yen-carry trade positions. The U.S. dollar was trading at 121.40 yen at 2:50 p.m. (0550 GMT) Tuesday, down from 121.68 yen late Monday in ... More About: Dollar , Less , Lift , Rate
Dollar supported, rate cut concerns subside
2007-05-28 08:02:00 By Naomi Tajitsu TOKYO, May 28 (Reuters) - The dollar hovered near a six-week high against the euro on Monday as traders reckoned that weak U.S. housing data late last week was not enough to prompt the Federal Reserve to cut U.S. interest rates later in the year. The dollar slipped a touch against the yen ... More About: Dollar , Side , Once , Rate , Doll
FX Trading Thinned by Holidays
2007-05-28 07:53:00 by Korman Tam - Forexnews.com Powered by MGForex Germany Market Closed for Holiday UK Market Closed for Holiday Swiss Market Closed for Holiday US Market Closed in Observance of Memorial Day The foreign exchange market will be off to a slow start with several markets closed for holiday on Monday, including Swiss, Germany, UK and the US. However, the economic calendar ... More About: Holidays , Trading
Dollar set for fourth straight weekly gain vs euro
More articles from this author:2007-05-25 16:27:00 NEW YORK, May 25 (Reuters) - The dollar rose to a six-week high against the euro on Friday, on track for a fourth straight week of gains driven by reduced expectations that the Federal Reserve will trim interest rates this year. A crop of solid U.S. economic data this month has led investors to price in ... More About: Euro , Dollar , Weekly , Stra , Straight 1, 2, 3, 4, 5, 6, 7 |
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