Previous session overview
The dollar held its ground on the euro and high-yielding currencies Tuesday, finding support as a rating agency’s threat to downgrade the U.K.’s AAA rating spooked investors and increased the desire for the relative safe-haven status of the U.S. unit.
The British pound was the session’s big mover, selling off after David Riley, Fitch […]
Previous session overview
The U.K. pound fell sharply in Asia Tuesday, dragging the euro down with it, due to reported remarks by a senior official at Fitch Ratings that the U.K. is most at risk among major economies of losing its AAA status.
Fitch’s co-head of global sovereign ratings David Riley made the remarks in an interview […]
Previous session overview
The USD is mixed this morning to start New York after pressing slightly higher to start Asia; lower commodities pricing and weaker equities weighed on the risk trade putting the majors on the defense early.
The pound is substantially stronger against the dollar Wednesday morning after bullish minutes from the Bank of England, while […]
Previous session overview
The dollar slipped a tad against the yen in Asia Wednesday due to profit-taking, but it may rise briefly later in the day as Japanese fund players are expected to launch their buying for new trust funds.
The profit-taking sent the dollar to JPY90.68 at 0450 GMT from JPY90.71 in New York Tuesday. The […]
Previous session overview
The euro remained stronger against the dollar in morning New York trading Tuesday, but has pulled back from overnight highs near the psychologically important USD1.50 mark after weaker-than-expected U.S. housing data dented risk appetite.
However, the common currency’s retreat is likely to be temporary, and currency moves throughout the session are likely to track […]
Previous session overview
The euro nearly touched the psychologically important USD1.50 mark in Asia on Tuesday as falling U.S. interest rates prompted market participants to sell the greenback, while firm regional share prices encouraged them to buy the common currency instead.
The U.S. currency also fell against the yen, partly because of Japanese exporters’ selling. The volume […]
Previous session overview
The dollar is stronger against the euro in early New York trading Friday as investors take end-of-week profits and higher-yielding currencies take a breather after big run-ups over the past week.
But even though the dollar is being given a brief respite from its recent drubbing, the euro will rise again, analysts said.
The dollar […]
Previous session overview
The yen weakened against the euro and dollar in Asia Friday as firm Asian equity markets and commodity prices prompted speculators to dump the safe-haven Japanese currency in favor of higher-risk units.
The euro rose to JPY136.03 during the morning session, its highest level since August 24, after closing at JPY135.51 in New York […]
