Global Currency News Thursday 16th June, 2011

Fx- Foreign Currency Exchange News: Thursday 16th June, 2011

Yesterday FX-traders saw the fears about Europe’s inability to contain the Greek debt crisis sending the Euro sharply lower and the single currency fell more than 1% against the dollar and to its lowest level against the dollar since late May. Overnight, the Euro was sent to a three week low against the dollar and with fear high that Greece is moving to a default toppled the euro sending investors into the dollar and the yen.

The GBP is lower this morning as it has hit been by an unexpected bad employment report. The jobless claims have jumped to 19.6k which was far higher than the 6.5 k expected and far worse than last months revised reading of 16.9k.

Earlier this morning in Asia the Dollar was well bid against the JPy at 81.00 and this was largely due to the importer buying demand, despite the narrowing interest rate differentials between Japan and the US following the weak US economic indicators on Wednesday.

The European stock markets are expected open lower today with the worries about Greece still hanging heavy and the weak US economic data causing fears of a slowdown in the US economy.

EURO: The Euro retreat from Tuesday’s high of 1.4500 and extended sharply yesterday weighed EU inability to approve a second bailout for Greece, plunging to 1.4150 lows, to extend losses during Asian session reaching fresh 3−week lows below 1.4100.

USD The USD was at JPY 80.86 from JPY 80.97.

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 13th June, 2011

Fx- Foreign Currency Exchange News: Monday 13th June, 2011

Overnight New Zealand has been hit by a 5.5 magnitude earthquake which was felt as far as Dunedin. It was said to be just as powerful as the last earthquake on February 22nd but not as long in duration. This has immediately dragged the New Zealand dollar lower as productivity concerns pending damage shattered the confidence in the economy.

Overnight in Asia the USD is slightly firmer against the JPY but is it highly likely that the USD and the Euro will be pressured lower this week as the global slowdown concerns and Greek debt problems encourage investors to head for safe haven funds.

The Euro stabilized after the single currency posted its heavies one day sell off in a month on Friday as investors headed for the safe haven dollar as the fear continue about the Greek debt crisis.

Following the losses on Wall Street on Friday and in the Asian markets the European stock markets are expected to open slightly lower. There are still ongoing worries about the global economic recovery

EURO: Trading overnight has been very quiet early in the session and conditions reported as thin. President Trichet is expected to speak at 1.00 today

GBP: The UK pound was at USD 1.6227 from USD 1.6223.

USD The USD/CHF is climbing for the third day and the next resistance will be at 0.8540.

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.

FX-Daily News Thursday 9th June, 2011

Fx- Foreign Currency Exchange News: Thursday 9th June, 2011

The Australian Dollar has been hit by huge selling pressure as the Job results were very poor and only added 7.8k new jobs in May which was far lower than the 25,000 jobs expected.

Yesterday saw the sterling plunge to a one month low against the Euro and fell around 0.3% against the USD. The Bank of England monetary policy announcement is due later today.

Overnight the USD/JPY opened the Asian at 79.86 and is now hitting new session highs above 80.15due to a change in the short term sentiment after weaker than expected Japanese Q! GDP numbers.

With the crisis brewing, many FX traders and investors are worried that the European Central Bank might take a less strident tone than had been expected with the issue of lowering inflation. The bank is unlikely to increase any of the key rates at its meeting on Thursday but it is thought that a rate hike in July will be hinted at.

With all of the rate decisions due to day it is thought that the European stocks will open lower.

EURO: The Euro rose against the dollar and the Yen overnight in Asia due to the speculation that the European Central Bank will signal a near term rate hike later in the global day.

GBP Trading between GBP/USD is quite muted this morning as the Bank of England rate decision is due today at 11.00pm.

USD At the time of writing the USD/JPY is hovering in the 80.10 zone which is around 25 pips above its opening price after finding intraday resistance at 80.19 which was a new session high.

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 Monday 6th June, 2011

Fx- Foreign Currency Exchange News:  Monday 6^th June, 2011

FX currency dealers watched on Friday the US employment data was released and was unfortunately was very disappointing and struggled to create even 50,000 new jobs and certainly not the 150,000 – 180,000 that had been expected.  The unemployment rate also jumped back to 9.1%.

Overnight the USD has held steady against the Euro and the YEN in Asia amid the thinning trade with several of the Asian markets closed today for holidays.  There are few signs of the USD having a rebound after the falls on Friday on the back of the dreadful US jobs data.

This morning the Pound Sterling is unchanged against the USD but has continued to fall against the Euro after British Services expanded at a far slower pace than was expected.

FX-traders are expecting the European stocks to open slightly lower this morning due to the recent weak economic data weighing heavy.  Foreign Exchange traders are hoping that the losses will be limited by the news that Greece’s talks with the European Union ended positively on Friday.

<strong>EURO: </strong> The EUR/USD trade remained subdued and with little on the European horizon it looks likely to continue.

<strong>GBP</strong> The GBP/USD opened the Asian trading at 1.6413 and went onto advance into the 1.6460 where it met with some resistance and is now pulling back as we write.

<strong>USD</strong> The Dollar was at CHF 0.8347 after dipping briefly to a fresh low of CHF 0.8328.

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 <a href=”../../category/currency-exchange-news/”>global currency exchange</a> 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-<a href=”../../category/currency-exchange-news”>currency exchange</a> cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.