1. Recent Foreign Exchange News Based On latest trading
news and reports
Bernanke informed tt t United States Economy t t grow n f required, t Federal Reserve mgt k
t option t start t asset purchasing n order t kick start t consumer sales n growth. Fed
supported qt fw entities fund tt couldn’t weather t Economic meltdown n two thousand and
eight, buying t assets n injecting n funds.
Recently t news gng t easing f monetary policy started releasing, t dollar started t fall gnt t t
major currencies. Agnt t British pound n t Euro, US Dollar tumbles ft Bernanke Testimony. A t
Foreign Exchange trading opened n Wednesday, U.S Dollar lost 1.15% gnt t Euro n stood t
1.4137. Another reason f t Euro’s gains gnt t dollar t strong GDP figures f t n quarter
released China. T w tensions tt t Euro affect w n impact n t china’s GDP. Bt t turned out, t
didn’t n impact n t Euro gained t position gnt t dollar. A t GBP gained .81% t 1.6042 ng t AM
hours trading recently.
En gnt t Japanese Yen n t Swiss Franc, US Dollar tumbles ft Bernanke Testimony. U.S Dollar
fell .1% gnt t yen, w t fell .75% gnt t Swiss Franc. T dollar index, w measure f t
performance f t dollar gnt t 6 t major currencies fell 1%. Bernanke cautioned t policy makers
gnt expecting robust U.S. Economic growth n t mmt future. H added tt t unemployment
levels m n n marginally n t t lot f work t n n tt front.
T euro rose gnt t pound n Wednesday ft Greece suggested measures needed t avoid
default, t questions, wt Italy n Spain ntn t sovereign debt, capped t Euro gain. T jump w
ignited fm n month low, giving t Euro tt momentum f possibly reaching t resistance. T Euro
pushed t tw week high f 0.8844 gnt t pound n t sun rise session, gaining .064% t n f t
session. T tw currencies find support t $ 0.8844, fm t June 16 low, wt resistance t 0.8891, t
high fm Monday. T Euro find m support fm interest rate differentials, t European Central
Bank widely expected t raise rates n early July.
The euro declined on average this year and will most likely continue. The currency earlier
rose 0.9% to $1.4442. The euro traded at 115.33 yen, compared with 115.44, after earlier
rising 0.9 per cent to 116.48. The dollar fetched 80.71 yen, compared with 80.63.
Even the Swiss dollar, yen and franc rose because of Europe’s debt crises which were due to
China’s decision of increasing the interest rates.
Hence the moment Euros are higher is not because the Export rate of Germany is higher or
the inflation in Greece or Portugal is lower but because the U.S market is at stake or the
dollar value is falling in other words.
Recent Foreign Exchange News Based On recent investment news and reports