Daily forex news from Eurozone, EUR/USD is going to 1.20, EUR is dropping today — a rapid drop against the US dollar. Euro is losing ground on concerns about what's next for the eurozone after ECB cut the deposit rate, but there are also concerns about how China's slowing growth, as well as the lack of growth in reserves, are affecting the 17-nation currency, China looks unwell
From Tokyo daily forex news, JPY Japanese yen is higher today, gaining against other majors as risk aversion sets in, and as the yield offered by the currency suddenly becomes competitive. The latest developments have Forex traders looking for safe haven, which is JPY and USD, and the bonus is that the Japanese yield is relatively high when compared with some of its major counterparts
Latest daily forex news from Kiwi's, NZD The New Zealand dollar fell today, following yesterday's gains, after the minutes of the Federal Reserve monetary policy meeting showed that the central bank's policy makers were concerned about the economic slowdown in the United States and banking industry crisis, Forex traders seems the worsening outlook for US economic growth added to concerns caused by the slowdown of China's expansion and the recession in Europe
All investors eyes on The Fed meeting, The Federal Reserve released minutes of its last monetary policy meeting, revealing that the policy makers of the central bank were rather pessimistic and talked about potential need for additional stimulating measures. The reaction of the dollar was surprising: it rose sharply, reaching the highest level in two years versus the euro, still the Eurozone single currency collapse 1.2200
No comments:
Post a Comment