FOREXYARD: Forex News Blog | |
| Posted: 07 Mar 2012 09:12 AM PST
As trading has continued into the evening hours the euro and Australian dollar were able to gain back some of the losses taken in the last couple trading sessions. Various bits of news coming from these countries may have influence the recent upsurge that occurred this afternoon. In Europe there was a brief reprieve in the single currency’s recent decline as six Greek banks indicated they would participate in Greece’s debt swap. France’s second largest bank also indicated they would be willing to join in on the debt swap. This calmed several worried investors regarding the possibility that Greece may still default on its debt obligations this month. As of this afternoon, the euro is running up against the USD at $1.3150. News from Australia regarding its GDP forecast indicated growth of 0.4% which falls well below the 0.7% that investors expected. Despite the lackluster news from Australia, the aussie dollar was able to stabilize this afternoon against the USD. The aussie is currently hovering near $1.0570. |
| Posted: 07 Mar 2012 06:28 AM PST
The Japanese yen is holding up strong against the USD as Wednesday afternoon trading progresses. Analysts are speculating that the JPY has finally bottomed out against the dollar and see a possible uptrend as the purchasing of Japanese exports returns back to form. The yen is trading near $80.75 as of this morning. The yen is approaching the psychologically significant $80 mark as the Bank of Japan’s decision to inject millions into the economy is showing moderate signs of success. In addition to the recent upsurge against the greenback, the yen is also maintaining its ground against the euro. Currently, the yen is hovering near 106.06. Read more forex news on our forex blog. |
| Posted: 07 Mar 2012 02:40 AM PST
The Australian dollar dropped to its lowest point in six months against the USD as investor uncertainty is still palpable throughout the market. There was a brief reprieve for the euro’s three week decline against the greenback but other riskier currencies have continued to decline. As of this morning the AUD was trading at $1.0568 against the USD, marking a six month low for the Australian dollar. The kiwi has been hovering around $0.8175 against the greenback, sticking to an overall downward trend that began last week. Read more forex news on our forex blog. |
| You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment