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Market Review
This area looks at overviews of the Forex Market and takes a deeper look into currency pairs and their behaviour.
A weak tone in the Chinese share market added to the euro's woes in Asian trading Tuesday.
Written by Dukascopy (Suisse) SA Tuesday, 18 May 2010 06:22
Market OverviewA weak tone in the Chinese share market added to the euro's woes in Asian trading Tuesday by decreasing investors' appetite for risk, dragging the European currency lower against the yen and dollar in Asia.
Market jitters over the U.S. Senate's approval Monday of a measure that could make it more complicated for the U.S. to commit taxpayer money to the International Monetary Fund also weighed on the euro, though it appeared unlikely that the step would affect the recent...
The dollar declined versus the euro on Tuesday.
Written by Dukascopy (Suisse) SA Tuesday, 18 May 2010 06:22
Market OverviewThe dollar declined versus the euro on Tuesday as the shared currency saw a respite from selling pressure and equity markets rebounded, indicating more comfort among investors to hold assets considered riskier and less demand for the relative safe-haven status of the greenback.
The euro rose to USD1.2432, up from USD1.2384 in North American trading late Monday, a day on which it sank as low as USD1.2233 its lowest level since April 2006.
Against the Japanese yen, the euro rose...
Market review for 10 – 14. 05, 2010
Written by Forex Metal Monday, 17 May 2010 18:30
The previous trading week started with the euro strengthening, since the EC decision to establish the anti-crises fund in the amount of 720 billion euro determined the positive sentiments in the market. The demand for the high-risk assets started to grow. And the EUR/USD pair increased above the level of $1,3090. Nevertheless, according to the opinions of many experts, the euro growth was only temporary. And the EUR/USD pair closed the trading day at the $1,2800 mark.According to the...
UFXBank Week in Forex - May 17, 2010
Written by UFX Bank Monday, 17 May 2010 12:11
The euro got a respite from its falls against the yen in Asia Friday.
Written by Dukascopy (Suisse) SA Friday, 14 May 2010 11:32
Market OverviewThe euro got a respite from its falls against the yen in Asia Friday as Japanese institutional investors picked up the unit cheaply, but traders said the single currency may come under renewed selling pressure next week as a wider array of investors look to cut their risk exposure.
At 0450 GMT in Tokyo, the euro stood at YEN116.54, up from YEN116.13 late Thursday in New York. Although Japanese exporters had sold the euro for the yen earlier in the morning, Japanese...
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