Posts Tagged ‘markets’

Dollar Gains Before Yellen Testimony

by Forex Rooton July 15, 2014 8:56 am BST
The dollar has strengthened 0.4 percent in the past three months. The yen gained 0.8 percent, while the euro weakened 1.2 percent. USDJPY remained higher following its biggest one-day advance in a week before Federal Reserve Chair Janet Yellen testifies before U.S. lawmakers today and tomorrow. The dollar was little changed at 101.58 yen at […]

Financial Markets on Fear After Espirito Santo Bank Problems

by Forex Rooton July 13, 2014 11:24 pm BST
Concerns after Espirito Santo Bank (Portugal’s largest listed bank) was badly exposed to its owners’ accounting problems brought huge attention and raised alerts in Europe and the U.S. Investors on fear asking whether there were more shoes to drop in European banking. Also some excess speculation that has been building up in various corners has […]

Dollar Around One-Week Low Against Major Currencies

by Forex Rooton July 10, 2014 8:21 am BST
The dollar traded around one-week lows against a basket of major currencies on Thursday, coming under pressure after minutes of the Federal Reserve’s June meeting gave no clear indication about the timing of any interest rate rise. The Fed minutes confirmed that the U.S. central bank’s monthly bond purchases would probably end in October and […]

Euro bounces back from Ifo -inspired lows on shortcovering

by Forex Rooton April 25, 2013 6:05 am BST
The euro bounced back against the dollar and yen in Asian trading on Thursday, as investors covered some short positions taken in the wake of disappointing German data. The Munich-based Ifo think tank’s survey of German business sentiment showed its second straight monthly drop in April. That heightened fears about the outlook for the euro […]