Foreign Exchange News Monday 25th July, 2011

Foreign Currency Exchange News – Monday 25th July, 2011

Earlier, currency exchange Traders saw the USD/JPY open the Asian trade at 78.30 and then dipped to a fresh four month low around 78.10 earlier this morning. As we write the USD/JPY has started to recover and is not trading back at 78.40.

At the back end of last week the European Unions bailout package for Greece brought some relief to the Euro but has left the Swiss France strongly over valued and this is likely to be the case for some time. If it does continue to remain overvalued for a long period it could have significant repercussions for Switzerland’s export industry and of the EUR/CHF were to slip to CHF 1.10 and remain there inflation could turn negative. This will be watched closely by FX-traders and investors.

The USD/CHF is once again testing support this morning at 0.8100 after plummeting around 100 pips on the opening hours of the Asian Session. The pair was able to recover by mid session to 0.8150 but is currently trading at 0.8090.

The Bank of Japan’s Governor Masaaki Shirakawa has said that the JPY’s rise could have an adverse effect on the economy by hitting corporate and business sentiment.

EUR The Euros was at JPY 112/58 from JPY 112.76 late on Friday in New York

USD The Dollar was at CHF 0.8100 from CHF 0.8188. The dollar also fell to a four months low of JPY 78.12 in very early Asian trade but then recovered to near Friday’s levels.

The European stocks are expected to start lower this morning as the US policy makers were unable to reach agreement as to how to tackle its debt and FX investors are worried at the thought of a default by the worlds largest economy.

EUR The Euros was at JPY 112/58 from JPY 112.76 late on Friday in New York

USD The Dollar was at CHF 0.8100 from CHF 0.8188. The dollar also fell to a four months low of JPY 78.12 in very early Asian trade but then recovered to near Friday’s levels.

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 Wednesday 13th July, 2011

Foreign Currency Exchange News –Wednesday 13th July, 2011

The USD/JPY opened the Asian trade at 79.23 and saw early morning dips to below 78.50 and then went on to quickly recover its losses and is threatening to target higher levels.

Yesterday saw growing fears that the Euros debt could engulf Italy has sent the Euro reeling to a fourth months low against the dollar and a record low against the Swiss Franc and this was amid much pessimism about the euro zones ability to forge a lasting solution to its crisis.

In earlier trade in Asia the USD dropped to JPY 78.48 it’s lowest since March 17th. It is highly unlikely that Japans currency authorities will wade in to the market at this point. This is partly due to the fact that the Yen’s strength has not prompted any sharp sell off equities. Asthe view is that Japan will not intervene it has given the green light to Japanese importers and other market participants to bargain hunt the greenback after its earlier fall.

The European stocks are expected to open cautiously after Moody injected fresh worries into the market o Tuesday by cutting Ireland’s credit rating to junk territory.

EUR The EUR/JPY is hovering over 111.00 after having dropped to fresh multi day lows just under 110.00 in Tuesday trade.

GBP With the UK employment data due at 8.30 the GBP/USD is locked in some tight consolidation between 15900 – 1.5950.

It is expected that the European stocks will open higher this morning taking their lead from a positive US session as FX investors wait for interest rate decisions by the Bank of England and the European Central Bank.

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 8th July, 2011

Foreign Currency Exchange News –Friday 8th July, 2011

Yesterday, FX-Traders saw the Euro rebound against the other major currencies after the European Central Banks President Jean-Claude Trichet announced the ECB’s suspension of its minimum credit threshold for Portugal.

New claims for Unemployment Benefit dropped by 14,000 to 418,000 in the week ended July 2nd with the decline being bigger than the 3,000 forecasted by economists.

Overnight the USD has edged up against its major counterparts in Asia as FX investors speculate that key monthly US jobs reports will come in strong after the separate jobs report yesterday.

The GBP is under pressure this morning against most of its counterparts after the Bank of England left interest rates on hold at the current historical lows. The Bank of England Governor has been persistent in his tolerance of rising inflation as the British Economy languishes.

The European stocks are expected to open higher after the round of better labor data from the world’s largest economy.

USD The Dollar could rise above its recent highs of JPY 81/77 and possibly to JPY 82.00 if the payroll report shows employers added more than 125,000 jobs that economists expect on average.

It is expected that the European stocks will open higher this morning taking their lead from a positive US session as FX investors wait for interest rate decisions by the Bank of England and the European Central Bank.

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 Monday 20th June, 2011

Fx- Foreign Currency Exchange News: Monday 20th June, 2011

The EUR/USD has opened the Asian trade under pressure with a 30 pip downside gap at 1.4276 and whilst the price showed strength earlier in Asia the pair has since been limited below these session highs.

As the problems with Greece continue, in Athens Prime Minister Papandreou is facing a vote of confidence on Tuesday as he seeks a new financial aid package and pushes for additional austerity measures in his Country.

The GBP is slightly higher on a modest improvement in risk sentiment but remains in the lower end of the ranges.

The Euro Zone Ministers are due to meet later today to discuss Greece and the latest bail out.

With investors still reacting nervously to the problems in Greece the European stocks are expected to open lower.

EURO: The Euros was at USD 1.4239 from USD 1.4302 later on Friday in New York

GBP The GBP/USD opened Monday trade in Asia at 1.6162 and has climbed into the 1.6810 zone where the pair has been met with resistance and has now broken below 1.6145.

USD The USD was at CHF 0.8513 from CHF 0.8489 and the ICE dollar index which racks the USD against many of the currencies was at 75.314 from 75.015.

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.