All Entries in the "Current Forex News" Category
Forex Currencies Update: AUD, Euro and JPY
The recent forex market frenzy of Euro selling has slowed down somewhat amidst the G7 talks on Greece making a somewhat hesitant recovery against the U.S. dollar to a EUR/USD rate of 1.3693. The Aussie on the other hand has made a quick recover on the back of a major Australian coal deal and has [...]
Forex News: Unemployment, the Euro and Oil
Oil prices fell here on Friday the 5th of February as concerns regarding the Euro and its future and also rising inventories in most developed countries has caused a 5% fall in the price of U.S. crude. Other than rising concerns in the forex trading market about the Euro, further downward pressure acted on the [...]
Forex: Obama, Yuan and Gold
U.S. president Barack Obama on Wednesday told senate democrats in a meeting on Wednesday that they would have to address the challenge of currency rates, with regards to the Chinese Yuan and how its current forex trading value allows Chinese goods to be priced more competitively than similar products or services from the United States. [...]
Euro Forex hits a half year low
The Euro, the currency now in use by most countries inducted into the European Union, went south (to Greece) in the foreign exchange after concerns regarding Greece’s ability to keep within its fiscal budget arose. Despite the Greek government’s promise to cut the budget gap (between the GDP and government spending) from over 12% to [...]
Forex Currency Rates: Aussie takes a fall
Over the past fiscal year, the foreign exchange rate for the Aussie (Australian Dollar) have been steadily rising due to multiple reasons but the RBA (Reserve Bank of Australia) on February the 2nd announced that it would not be raising interest rates again. Forex currency trading for the Aussie which was high partially on expectations [...]
USD Forex Rate Strengthens with ADP Report
More positive news for people interested in forex trading coming out of the United States with a report from the ADP showing that 22,000 private sector jobs were lost as opposed to a predicted and expected fall of 30,000. This follows the general trend in the US which shows job losses steadily falling and boosting [...]