June 2013 FX News

Archived Daily FX News from the TorFX Foreign Exchange Specialists...

Euro down as investors wary of Greek debt deal 23 Jun at 7 AM Solid housing data from the US has helped strengthen the dollar as the euro slips. The single currency has fallen as investors remain cautious about a debt deal for Greece. Although many are optimistic that an agreement will eventually be reached, poor growth in the eurozone is weighing heavily on the euro.

On Monday ministers in...
Dollar down to a one-month low 19 Jun at 5 AM Uncertainty over whether the Federal Reserve will increase interest rates before the end of the year has pushed the US dollar to new one-month lows. Core inflation measures during May rose by just 0.1 per cent, the lowest they have been in five months.

The dollar is down 0.3 per cent this week and is trading at 123.080 yen after...
Euro up as Greece claims it is close to a debt deal 13 Jun at 5 AM The euro ended the week slightly higher against the US dollar as Greece signaled that it may be close to making a deal with its debtors.

The cash-strapped country has been looking at ways of staving off a possible default. According to a government official Athens is ready to submit counterproposals and is the nearest it has...
Euro drops as investors look to US job figures 5 Jun at 6 AM Concerns over the debt crisis in Greece are one of the reasons the euro has dropped from a two-week peak against the US dollar. Traders are now waiting to see how non-farm payrolls have been performing in the US. The single currency is 0.2 per cent down at $1.1217.

The euro has also come under pressure because German yields have...
Pound down on Bank of England comments 25 Jun at 5 AM The British pound is close to its lowest level in a week as the governor of the Bank of England poured cold water on expectations of a an interest rate increase any time before the end of the year. Mark Carney’s comments helped the pound fall to $1.6966. The same time last week the pound was at a five-week high of $1.7064.
Dollar still under pressure 20 Jun at 8 AM Although the dollar remains under some pressure, it has managed to reverse some previous losses after the US released positive economic data. Following a disappointing first quarter it now looks like the US economy is on a firmer road to recovery. The dollar index has managed to crawl back from a low of 80.147 to 80.317.

Earlier...
Euro suffers ECB interest rate drop 12 Jun at 9 AM The euro is close to its lowest level against the dollar in nearly four months. Although up 0.1 per cent at $1.3544 the single currency is still not far off the four-month trough of $1.3503 plumbed this time last week. The euro has been hit by a European Central Bank decision to cut interest rates and push its deposit rate into negative...
Dollar given boost by US Treasury yields 4 Jun at 2 PM The dollar is at a one-month high against the yen after this week’s rise in US Treasury yields. The increase has also pushed the dollar up against the euro and the pound. Analysts are now waiting to see whether the European Central Bank will introduce measures to support growth within the eurozone.

Among the European currencies...
Dollar recovers on back of positive economic data 26 Jun at 9 AM The dollar index has risen from a low of 82.241 to 82.680. The 0.4 per cent recovery came on the back of positive data coming out of the US that shows a rise in the price of housing and solid business spending. If the recovery continues Ben Bernanke, Chairman of the Federal Reserve, has said that the pace of central bank bond-buying could...
Demand for euro ahead of Fed announcement 19 Jun at 9 AM The eyes of investors in money markets around the globe are firmly fixed on the US Federal Reserve at the moment. The central bank’s chairman, Ben Bernanke, is due to make an announcement that could spell the premature drawing in of easy money that has been used to stimulate the world’s largest economy. However the Fed is yet to give any...
Markets hit by Bank of Japan inaction 12 Jun at 9 AM Equities around the globe have been hit by a decision by the Bank of Japan to hold off for the time being on introducing new monetary stimulus measures. The announcement by the central bank caused the yen to soar against the US dollar. Many investors had expected the BoJ to increase purchases of real estate investment trusts and exchange...
Dollar slips ahead of economic reports 5 Jun at 9 AM The US dollar hit its lowest level in a month against a number of major currencies after disappointing economic data made it unlikely that the Federal Reserve will bring to an end its easy money programme. Analysts are now focusing on job figures due to be published at the end of the week.

Since hitting a high of 103.74 yen last...

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