JPY at six month lows against USD
16 November 2012
The Japanese yen continued to fall apart yesterday and dropped to 6½-month lows against the US dollar.
Market update: Western Union Business Solutions
Commentary by Nawaz Ali, UK Market Analyst
Western Union Business Solutions enables companies of all sizes to send and receive cross-border payments and manage foreign exchange. With deep expertise in moving funds around the globe, access to over 135 currencies, and a global financial network spanning more than 200 countries, we help companies spend less time managing international financial transactions and more time growing their businesses.
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Sterling gained yesterday after British inflation hit five-month high
14 November 2012
Sterling gained yesterday after British inflation hit a five-month high. However, the pound will face the Bank of England’s latest inflation report this morning.
Eurozone officials unable to agree on Greek solution
13 November 2012
Eurozone officials and the International Monetary Fund were unable to agree on a solution for Athens yesterday, and publically displayed their divisions about how to deal with the country’s broken finances.
US dollar surges to new highs
12 November 2012
The US dollar surged to new highs on Friday and may continue to snap resistant points against its major rivals with ease, after Japan reported dire GDP figures last night.
Sterling at six-week highs against euro
9 November 2012
Sterling has found a bit of composure again after the Bank of England decided not to inflate its quantitative easing programme yesterday.
Eurozone crisis weighing on investors’ minds
8 November 2012
The euro zone sovereign debt crisis is back on the minds of investors again after Greece voted on its latest austerity bid last night in order to safeguard its euro membership.
Currency tranders responding well to Obama win
7 November 2012
Barack Obama has won another term as President, and although equity markets could drop given Obama’s tougher stance on Wall Street compared to Mitt Romney, currency traders have responded positively so far.
US dollar surged to two-month peaks yesterday
6 November 2012
Investors may continue to build defensive positions today ahead of presidential election results in the US that will mark the beginning of the country’s run towards January’s fast-approaching “fiscal-cliff”.
USD has broken down strong resistant points against EUR and GBP
5 November 2012
The US dollar has broken down strong resistant points against the euro and British pound this morning, and looks set to accelerate gains.
GBP opens lower than USD
2 November 2012
Sterling may finish the week on the wrong side of currency traders after yesterday’s UK manufacturing PMI dimmed hopes that Britain’s economy would maintain its third-quarter rebound.
China’s manufacturing industry back on track
1 November 2012
China’s manufacturing industry is back on track according to last night’s PMI survey which is giving traders a reason to chase higher yields this morning.
FX markets back up to speed today
31 October 2012
Currency markets will get back up to full-speed today as Wall Street prepares to re-open after Super-storm Sandy finally finished with destroying parts of New York.
Greenback under pressure from euro and yen
30 October 2012
Hurricane Sandy in the US continues to dominate headlines and is clearly disrupting activity in currency markets.
Friday’s US GDP data failed to motivate risk-taking
29 October 2012
Friday’s US GDP data fell on the right side of market forecasts but failed to really motivate risk-taking before the weekend.
Spain’s borrowing rates on the climb
24 October 2012
Spain’s borrowing rates are on the climb again as investors seemingly realise that the longer Madrid refuses to accept a bailout, the greater the chance of a chaotic rescue at some point in the future.
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