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.
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High-risk currencies such as the common currency Euro and the Australian Dollar rose against the Japanese Yen and the U.S. Dollar in Asian trading today.
In Asian trading today, Japanese importers helped to push the U.S. Dollar up versus the Japanese Yen.
The USD was on the defensive versus the EUR today, approaching what were 5 week lows, following a big short squeeze in the single currency prior to U.S. jobs data, while the JPY lost ground as the squeeze spilled into the Asian market.
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Institutional investors in Japan are selling off their holdings in the U.S. Dollar following the recent release of weak economic data from the United States bring the greenback to a new 2-month low versus the Japanese Yen.
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The U.S. Dollar edged up versus the Japanese Yen as investors attempted to buttress their long term U.S. Dollar holdings with the low priced currency.
Falling prices in Asian equity markets coupled with lower than 3% yields on U.S. Treasury products helped push the U.S. Dollar lower versus the Japanese Yen.
In Asian trading today, the U.S. Dollar gained versus the Japanese Yen with long-term investors buying the U.S. currency based on speculation that interest rates in the United States will rise within the next year while Japanese rates remain unchanged.
The Japanese Yen saw slight gains against the common currency Euro and the U.S. Dollar in Asian trading today.
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The U.S. currency was kept on the backfoot in Asian trading today following the U.S. Federal Reserve’s pledge to hold interest rates at their near historic lows.
The U.S. Dollar and Japanese Yen both steadied in Asian trading as the focus on the new Chinese Yuan policy appears to be ebbing.
The common currency Euro rose briefly versus the U.S. Dollar following the Chinese central bank’s signal that it would tolerate the Yuan’s appreciation.
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Sign up to get the latest market updates and free signals directly to your inbox.The common currency Euro gained versus the U.S. Dollar and Japanese Yen following China’s announcement this past weekend that they intend to soften their stance on their exchange rate policy.
Solid demand at Spain’s bond auction yesterday helped to boost the common currency Euro up to a 3-week peak versus the U.S. Dollar;
Renewed worries over Euro-zone debt has pushed the common currency Euro lower versus both the U.S. Dollar and the Japanese Yen in Asian trading today.