Market News

Australia's economy lost jobs in April after two strong months of employment, underscoring the continued fragility of the labor market.

The Euro edged higher and moved close to a 2-month peak against its main rival, the US Dollar, helped along by better than expected economic data from the Eurozone and news that the Greek government was able to make an IMF interest payment in the amount of €200 million that was due today.

A selloff in global sovereign bonds pushed Asian stocks to two-week lows on Wednesday as investors worried it might trigger profit-taking in other asset classes, while the U.S. dollar dragged behind dogged by trade deficit concerns.

After the Dollar’s worst run in several years, the greenback recovered versus its major peers, especially the Euro, but also against a weighted basket of rivals.

The Reserve Bank of Australia's (RBA) decision came down to the wire at its monetary policy meeting Tuesday, with the result of an interest rate cut despite policymakers' concerns over a too-strong Australian dollar and home price gains.

The US Dollar continued to edge higher after last week’s modest comeback which came after investors decided that the recent two-week fall might be have been temporary and that the US economy is on the verge of a turn around.

Negotiations between Greece and its international lenders over reforms to unlock remaining bailout aid have made headway and an agreement could be closer this month, a government official said on Sunday.

This week should be busier than last week, with the focus falling upon the U.S. and Australian Dollars and the British Pound. There is plenty of economic data due for the U.S. Dollar, particular the non-farm payrolls, and the market will be watching closely to whether if the U.S. economy continues to move forward or is beginning to falter.

After a stellar month for beaten-down oil markets, the risk of another sharp slide downwards may be around the corner, analysts said Friday.

A Chinese manufacturing gauge for April suggested that growth may be starting to stabilize in the nation's economy after the government spurred infrastructure investment and eased monetary policy.

For the third consecutive day, the common currency Euro has pushed higher versus its main rival, the US Dollar, on growing worries over the future of the US economy.

The news is just in that the Bank of Japan (BOJ) has decided to keep its policy steady in an 8-1 vote Thursday, but it cut its forecasts for economic growth and inflation in its outlook statement.

While the FX world awaits news from the Federal Reserve to assess future Dollar direction, another world bank went and surprised markets earlier today with by leaving interest rates at current levels rather than announcing the highly expected rate cut.

As the Federal Reserve's policy-setting committee wraps up its third meeting of the year, it is still not clear to anyone when and if it will raise interest rates.

The Euro was pushed close to a 3-week high against its main rival, the US Dollar, as investors pinned their hopes that Greece was on the verge of securing new funds to avoid default.