FOREXYARD: Forex News Blog | |
| Posted: 21 Aug 2012 02:08 AM PDT
Risk taking in the marketplace sent higher-yielding assets, like the euro and Australian dollar, higher during overnight trading. The EUR/USD has increased close to 70 pips since the beginning of the Asian session, and is currently trading around the 1.2415 level. The AUD/USD saw similar gains and is currently at 1.0515. Middle East tensions continued to drive the price of crude oil higher last night. The commodity has gained close to $1 a barrel and is currently trading just below the $97 level. Main News for Today UK Public Sector Net Borrowing- 08:30 GMT Read more forex news on our forex blog |
| Posted: 20 Aug 2012 02:54 AM PDT
The US dollar hit a fresh five-week high against the JPY in overnight trading, as positive American news from last week continues to boost optimism in the US economic recovery. After peaking at 79.65, the USD/JPY experienced a slight downward correction, and is currently trading around the 79.50 level. Crude oil extended its recent gains last night, as tensions in the Middle East combined with increased demand in the US caused investors to open long positions. Oil gained more than $0.70 to peak at $96.80 a barrel. The commodity is currently trading around the $96.60 level. Main News for Today With no major news events scheduled for today, traders will want to monitor any announcements out of the euro-zone with regards to any plans to lower borrowing rates in Spain and Italy. Positive news out of the EU could turn the euro bullish today. |
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