The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
The Japanese Yen struck a 2-year trough against the U.S. Dollar during the Asian trading session on expectations that Abe Shinzo’s new government will implement a new and more aggressive stimulus policy, an action which is certain to further depreciate the safe haven Japanese currency.
Although it may seem like nearly everyone in the world is vacationing or enjoying a bit of winter relaxation, such luxury has eluded President Barack Obama, who was forced to shorten his Hawaiian vacation to deal with issues relating to the “fiscal cliff”
US consumer confidence fell to a five-month low in December. Meanwhile, in Japan, a new prime minister is set to shake things up. Get the story here.
The Japanese Yen continues to fall in the wake of this month’s election of a new government which is intent on ensuring that the Japanese economy recovers more quickly than it has done in the past.
Risk aversion was the name of the game as the U.S. Congressional Republicans failed to support their Speaker of the House John Boehner’s plan to resolve the impending fiscal cliff.
The Japanese Yen held onto earlier gains in the moments after the Bank of Japan made good on the widely expected move to increase stimulus, this time by hiking asset purchases an additional ¥10 trillion.
The Japanese Yen was broadly lower during the Asian trading session, striking a 16-month trough versus the common currency Euro and a 7½-month low against the greenback, as investors consider what tomorrow’s conclusion of the Bank of Japan’s policy meeting might hold.
After taking a swift hard drop on the first business day after the new Japanese government was elected, the Japanese Yen steadied finally on Tuesday.
The Japanese Yen plummeted to its lowest level against the greenback in more than 20-months earlier in the Asian session following the expected win of Shinzo Abe’s Liberal Democratic Party (LDP).
The Japanese Yen fell to a 9-month low against the U.S. Dollar during the Asian trading session today as investors await the installation of a new Japanese government that is certain to aggressively weaken the Yen in order to growth the Japanese economy, the third largest in the world after the U.S. and China.
The U.S. Dollar was clearly on the back foot during the Asian trading session after Ben Bernanke, the chief of the U.S. central bank, confirmed expectations of another round of stimulus that was quickly dubbed QE4, an announcement which broadly weakened the greenback.
The U.S. Dollar came under broad pressure earlier in the Asian trading session with investors speculating that the greenback will once again be devalued as the U.S. central bank announces another round of stimulus later today.
The Euro edged higher versus the U.S. Dollar during the Asian trading session as Mario Monti, the Italian Prime Minister, sought to assuage investors’ concerns about Italy’s fiscal outlook.
The common currency Euro was close to striking a 2-week trough versus the U.S. Dollar early during the Asian trading session on the heels of a political crisis which appears to be brewing in Italy.
Markets were disappointed with the outcome of Thursday’s European Central Bank policy meeting and Mario Draghi’s comments afterward and as a result sent the Euro hurtling toward its sharpest drop in a month against the U.S. Dollar.
