Currency News

US dollar gained ground, investors in search for alternate instruments to stocks

US dollar increased value against major peers, as EUR/USD pair fell to 1.2872 during Asian trade session on Tuesday. Yesterday Czech Republic President Milos Zeman announced that the country was ready to adopt the euro currency within five years. Czech Republic, already an European Union member, is experiencing the worst recession since 1996. Another pair, […] Read more

US Consumer Spending expected to increase?

It was reported, according to a survey of business economists, that Consumer Spending in United States was expected to increase this year. Their February forecast of US Gross Domestic Product (GDP) to expand by 2.4% this year and by 3% during next, was confirmed again. The survey was released today by the National Association for […] Read more

A calm trading session for USD/JPY pair

US dollar retreated against the Japanese yen during the late European session, with Japanese Economy Minister, Akira Amari, took a statement that national currency was at satisfactory levels. The pair traded at four and a half year high, but reduced positions to 102.55. The Japanese currency was supported after the announcement of Japans Economy Minister, […] Read more

USD/CHF went on lower levels as investors took their gains

USD/CHF pair lowered during Monday trade session, as investors preferred to take their profits, after the expansion the US dollar had shown recently and in expectation of short-term exit of FEDs easing program. The cross stood at 0.9676 during this mornings session in Europe, which was the lowest value for the session. Support levels were […] Read more

High demand abroad led to monthly recovery of Italy’s Industrial Orders

It was reported earlier that Italys Industrial Orders registered a rise by 1.6% during March, compared to preceding month, which turned out to be for the first time for the last five months. Foreign orders increased by 3.6% monthly, while domestic ones rose by seasonally adjusted 0.2%. Official data showed that Industrial Orders declined by […] Read more

High inflation in UK in foreseeable perspective?

Ernst & Young gave a warning on Monday, that inflation rate in United Kingdom could climb during summer period and remain above the targeted level of 2% in foreseeable perspective. An economic forecasting group, the ITEM club, announced that high inflation could remain a permanent fixture of countrys economy. According to clubs report, consumer price […] Read more

British Pound expanded positions against US dollar on strong housing price data

British pound gained ground versus US dollar during Monday trading session, after official report stated that real estate sellers in United Kingdom increased asking prices during May for fifth month in a row. House price index rose by 2.1% during May, compared to previous month to an average 249 841 British pounds or about 380 […] Read more

Japanese yen rose as concerns of negative influence by losses appeared

Japanese yen moved upwards against most of the major currencies after Japanese Economy Minister Akira Amari stated that further currency losses would have a potential negative effect on households. Bloomberg reported, that yen currency jumped off from more than four year low versus US dollar, after Akira Amari expressed his concerns about a speculation, that […] Read more

British pound lowered sharply against widely expanding US dollar

GBP/USD pair registered a sharp decline to six week low versus US dollar through the course of Friday trade session, after the release of strong US data. The positive signals encouraged expectations of a possible near-term exit of the FEDs stimulus program and sent US dollar up against most major currencies. GBP/USD fell to 1.5160, […] Read more

US Leading Indicators Index up, exceeding forecasts

Leading Indicators Index in United States, which was published earlier today, rose by a greater than expected rate during April. The index showed an increase in value to 0.6%, while expectations were for a 0.2% rise. During the previous period the indicator marked a 0.2% slow down. Experts from Conference Board, the group, which evaluates […] Read more