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Daily Forex Market by FXCC 29Feb2012

Euro could rise on LTRO expectation

The euro rose 0.5 percent to $1.3458 at 5 p.m. in New York. It added 0.3 percent to 108.29 yen. The dollar weakened 0.2 percent to 80.46 yen. The pound rose 0.5 percent to $1.5901 after reaching $1.5908, the strongest level since Feb. 8. The U.K. currency was little changed at 84.64 pence per euro. USD/CHF consolidated around the 0.8950 zone, cutting back from an earlier high of 0.9000 on Tuesday ...

Daily Forex Market by FXCC 28Feb2012

The yen finally breaks a seven day decline versus the euro

The yen gained 1.1 percent to 107.99 per euro at 3:20 p.m. New York time after rising 1.8 percent, the most since Nov. 9. It broke a seven-day decline against the common currency, the longest such streak since January 2010. The Japanese currency gained 0.8 percent to 80.52 per dollar after earlier touching 81.67, the weakest since May 31. The euro was 0.3 percent weaker at ...

Daily Forex Market by FXCC 27Feb2012

The dollar climbed to its highest level in almost nine months against the yen

In the first hour of Asia-Pacific session the euro rose 0.6 percent to 109.83 yen as of 7:55 a.m. in Tokyo from 109.18 in New York on Feb. 24. The common currency traded as high as 109.91, its strongest level since Oct. 31. It advanced 0.1 percent to $1.3468. The dollar climbed as much as 0.6 percent to 81.67 yen, its highest level since May 31, before ...

Daily Forex Market by FXCC 24Feb2012

Aussie Dollar Set for a Two-Week Gain..

The euro was unchanged at $1.3373 as of 8:40 a.m. in Tokyo from Thursday and earlier touched $1.3379, matching the highest since Dec. 12. The shared currency was at 106.90 yen from 106.98 yesterday, when it rose 0.6 percent. The yen was at 79.94 per dollar from 80 yesterday. The USD/JPY finally broke down through the key 80.00 support level late Thursday after falling almost 50 pips from 80.30 ...

Daily Forex Market by FXCC 23Feb2012

Sterling falls sharply as doubts emerge over quantitative easing levels by the Bank of England.

The greenback traded at $1.3248 per euro as of 8:32 a.m. Tokyo from $1.3249 in New York yesterday. It was at $1.0620 versus Australia’s dollar from $1.0638 yesterday, when it rose 0.2 percent. Against New Zealand’s currency, it traded at 82.83 U.S. cents after yesterday gaining 0.6 percent to 82.93. Japan’s currency was little changed ...