Dollar’s best weekly performance against yen since early June
The US dollar looks to be on target for its best weekly performance against the Japanese yen since early June, despite yesterday’s slip on the back of concerns for the stability of the US economy with the potential tapering of the Federal Reserve’s $85 billion a month bond purchasing program once again coming to the forefront of investors More...
Negative data continues to concern investors
The US was once again hit by less than flattering economic data today as worse than expected payroll reports were released, consolidating a poor week for the worlds largest economy. Shortly after the release of More...
The Currency War of the World
The onset of the Great Recession of 2008 proved to the world the un-sustainability of too much debt and too much leverage. The first phase of the crisis witnessed concerted and coordinated action by the Central More...
Spain Debt Sale Disappoints as Euro Drops
After reaching a seven-week peak versus the greenback, the euro retreated against the United States dollar. The drop was caused by weak retail sales out of the Eurozone and a lower-than-expected demand at the Spanish More...
Emerging Market Currencies Fall
The gross domestic product report for the third quarter shows that Brazil’s economy grew at half of the rate previously expected. Prior to the report, most analysts believed that the economy would grow 1.2 percent. More...
Euro Hits Three-Week High
As the week drew to an end, the euro managed to reach a three-week peak against the dollar. The euro has gained against the greenback over the last two weeks as the Eurozone approaches a much-need agreement to release More...
Moody’s Downgrades French Debt, Euro Holds Steady
On Monday, Moody’s credit rating service downgraded France from its previous triple-A status. The move was entirely surprising to investors since Standard & Poor’s downgraded the nation in January of this More...
Yen at 6 1/2 Month Low
On Thursday, the Japanese yen dropped to a six and a half month low versus the United States dollar. The head of the Liberal Democratic Party in Japan, Shinzo Abe, stated that he wanted the Bank of Japan to change More...
Euro Drops to Two-Month Low as Industrial Production Tumbles
During trading on Friday, the euro hit a two-month low versus the United States dollars. These losses could be extended as the crisis in Europe continues to unfold. Economic data indicates that Germany is likely More...
Euro Hits Two-Month Low Versus Greenback
On Thursday, the euro dropped to a two-month trough versus the United States dollar. The European Central Bank decided yesterday to keep its interest rates at a record low. It also stated that the economy in the More...