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.

Daily Global FX News Friday 1st July, 2011

Foreign Currency Exchange News – Friday 1st July, 2011

Overnight in Asia the Yen fell against the USD and the Euro after a survey conducted by the Bank of Japan showed a deeper than expected drop in business sentiment in the aftermath of the March 11th Tsunami and Earthquake disaster. currency exchange dealer have said that the dollar could rise further if manufacturing data from the US helped sooth worries about the state of the US economy.

The GBP continues to run flat against the USD, whilst falling against the rest of its peers as prospects quickly faded for tighter policy in the UK. The GBP also fell to a 16 month low against the Euro after a successful Greek austerity package paved the way for higher interest rates in the Euro zone.

The European stocks are expected to start flat today with consolidating of recent gains and the focus is finally moving away from Greece to the health of the Global economies.

GBP After opening the Asian trade at 1.6050 the GBP/USD began its decent into lower levels extending its lows to record levels in the 1.6005 price Zone before bouncing slightly.

USD The USD was at JPY 80.71 from JPY 80.56 in New York on Thursday.

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.

Daily FX News Friday 10th June, 2011

Fx- Foreign Currency Exchange News: Friday 10th June, 2011

FX-traders have watched the signs and it seems that the Chinese trade balance may be shrinking as exports slow down from the previous year. The Chinese trade balance for May did not beat expectations as the global economy slowed down but there was a better than expected growth that showed that China was continuing to import which in turn has driven up the Australian and New Zealand Dollar which is the currencies of two of China’s largest raw material suppliers.

Yesterday the European Central Bank had a press conference and the President Jean-Claude Trichet signaled that an increase in the Banks official interest rates next month. However, he also said that the ECB will continue to maintain its policy of lendings as much as banks want through regular refinancing operations for at least another three months.

Overnight in Asian reading the USD fell against the Yen as investors expected the US consumer spending to remain lackluster for the time being which would reduce the likelihood of a rise in US interest rates.

The weaker than forecasted Chinese trade data may cause the European stocks to open slightly lower on Friday.

EURO: The EUR/USD falls to a USD 1.4465 as some European investors trigger stop loss selling orders at USD 1.4487.

GBP: The GBP/USD was at 1.6400 and advanced into levels above 1.6460 to peak at 1.6464 it was then rejected at this level and dropped sharply to below 1.636.

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.