Latest FX News Monday 22nd August, 2011

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 will take decisive steps if needed”

The Swiss France has shown continued strength against the Euro and the USD as Switzerland’s economy struggles to cope with the safe haven currency.

The Euros recovery from the 1.4260 low on Friday was capped at 1.4455 and the pair pulled lower during the US session and returned below 1.4400 and then went onto extend losses in the Asian session trading at lows of 1.4350 prior to the opening of the European Session.

USD. Earlier this morning the US Dollar was at JPY 76.70 up from JPY 76.54 late on Friday.

EUR.The EURO was at JPY110.24 from JPY 110.20.

The European Stocks are expected to open lower this morning as the global economic growth fears continue to hurt. The focus today is likely to be on the price of oil as the Libyan rebels reach the capital of Tripoli in a step closer to ousting Colonel Gadhafi from power.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Global FX News Friday 5th August, 2011

Fx- Foreign Currency Exchange News: Friday 5th August, 2011

This morning the EUR/CHF remains deeply under pressure given the all round risk adverse environment sue in part to fear over the contagion over the Eurozone.

As we write the Japanese Yen is being intervened again courtesy of the MoF which is the only explanation possible to the recent rise that we have seen. The USD/JPY skyrocketed over 90 pips in one minute to peak at 79.40 and within 5 minutes had lost its gains and is now back at 78.70.

The Euro recovered from an earlier plunge by early afternoon in Asia even though a sell off in riskier assets in New York and London still had investors on edge ahead of today’s key non farm pay rolls reports in the US.
Major currency pairs seem to be little changed this morning after many wild movements in prior sessions when the USD and the Swiss Franc drew heavy safe haven demand that went onto knock the Euro and other risk sensitive currencies lower.

USD. The USD was at JPY 78.70 from JPY 78.90.

EUR.The EUR/USD is at USD 1.4096 from an earlier low of USD 1.4055. The pair may rise to USD 1.4150 later in the day.

The European Stocks are expected to open lower this morning following the heavy sell off in the US and Asia as we see the FX investors move away from the riskier assets amid growing concerns about euro zone debt and the US recovery. All eyes are on the release of the nonfarm payrolls expected later today.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Global Foreign Exchange News Wednesday 3rd August, 2011

Fx- Foreign Currency Exchange News: Tuesday 3rd August, 2011

In the last three hours of trading in Asia the EUR/USD has leaped above 1.4200. As we write the Euro is continuing to push and has just set a new session high at 1.4215.

Yesterday it was revealed that data had showed that Americans cut their spending by the most in nearly two years and saved at a faster rate during June and this only went to underline the economies lack of vigor.

The dust seems to have settled on the USD/JPY with both currencies continuing to consolidate above 77.00. As we write during the Asian Session the placid range bounds have extended with the latest price at 77.25 which has barely changed since its close in New York.

Earlier this week sterling suffered with the shock manufacturing figure showing a contraction in the industry and the lowest recording for over 2 years. The markets were expecting a figure around 51.00, but the actual was 49.10, a very disappointing number showing the UK economy is still struggling to grow.

Today FX-Investors will be paying attention to the US jobs report by Automatic Data Processing and Economists predict that the report will show that the number of payrolls has increased by approximately 105,000 in July.

Fx Dealers are also saying that it will be hard for the Dollar to rise above JPY78.00 because investors will be waiting for Friday’s non far payroll data.

The stocks are expected to open lower today due to the downbeat US data which has sparked fresh concerns about a US recovery while Euro zone debt worries continue to undermine sentiment.

USD.Earlier this morning the USD was at JPY 77.24 from JPY77.14.

EUR.The Euro was at JPY 109.76 from JPY 109.52.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Foreign Exchange News Wednesday 27th July, 2011

Foreign Currency Exchange News – Wednesday 27th July, 2011

The European currency seems to be trading sideways at the moment against its American counterpart the Dollar, having reached a new 3 week high at 1.4534 and then immediately got repelled back towards a session low of 1.4491. As we write the rate stabilizes around 1.4500.

The US currency has fallen to JPY 77.78 which is its lowest since the Post World War 11 low of JPY 76.25 marked in March and the Finance Minister for Japan has said that they will continue to closely monitor the market.. The central banks in Thailand and South Korea have intervened for a second day to keep their currencies from rising too quickly and damaging their export dependent economies.

Many of the FX market experts highly expect the US to be hit by the rating downgrade even if the Whitehouse and Congress agree on a deal to raise the borrowing limits by Tuesday of next week. The deal remains far from sorted.

The Euro has climbed to a three week high at USD 1.4537 but has since eased back to USD 1.4520.

The European Stock Market is expected to open slightly lower with investors still very reluctant to put money on the table until a decision is made over the situation in the US and with the August 2nd deadline looming,

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.