forex news

Asian currencies headed for the first monthly gain since December as stocks rallied on optimism government stimulus spending will help revive regional economies and draw investors back to emerging markets. The Bloomberg-JPMorgan Asia Dollar Index, which tracks the 10 most-active currencies...

German Finance Minister Peer Steinbrueck said the euro might be hurt if member states stray from European Union budget rules, warning nations to exercise spending discipline or risk priming the next financial crisis. Germany has a “massive” interest in the EU’s Stability and Growth Pact...

The dollar fell against the euro, erasing a weekly gain, on speculation President Barack Obama will announce further assistance to the U.S. auto industry, reducing demand for the U.S. currency as a refuge. Japan’s currency strengthened versus the greenback, paring its first quarterly loss...

The yen fell for a second day against the euro on speculation Japanese reports will show retail sales and business sentiment are deteriorating, reducing demand for the currency as a refuge from world financial turmoil. The Australian and New Zealand dollars strengthened against the yen as...

The dollar traded near the highest level in a week against the euro after President Barack Obama said the U.S. currency is “extraordinarily strong” because investors are confident in the economy. The yen rose for a second day versus the European currency on speculation Japanese companies are...

The Australian and New Zealand dollars gained for an 11th day, the longest winning streak since at least July 2007, as a U.S. plan to rid banks of toxic assets boosted speculation the global recession may abate. The currencies touched the strongest in four months against the yen as Asian...

Less than a month after lambasting European Central Bank President Jean-Claude Trichet for failing to keep up with Ben S. Bernanke’s efforts to stem the recession, foreign-exchange traders are glad he’s behind the curve. The 16-nation currency strengthened 7.5 percent versus the dollar since...

The yuan had its biggest weekly gain in more than two months on speculation Federal Reserve purchases of Treasuries will boost the supply of dollars, weakening the greenback. Bonds were little changed. The yuan strengthened for a fourth day against the U.S. currency, which was headed for a...

The euro may extend its rally to a five-month high of 150 yen should the currency strengthen beyond a so-called neckline at 131.04 yen, Standard Chartered Bank said, citing trading patterns. The level of 131.04 yen represents the neckline of a “potential double-bottom” pattern, Callum...

The rally that pushed the dollar to the highest levels since 2006 is in danger of crumbling as the Federal Reserve starts buying Treasuries and ramps up its purchases of mortgage debt, adding to a flood of greenbacks. “The implications of today’s Fed decision are unambiguous,” currency...

The yen traded near the weakest level against the euro this year after the Bank of Japan said it will step up purchases of government debt, encouraging investors to seek higher-yielding assets overseas. The dollar was near a one-month low against the euro as Asian stocks extended a rally in...

The yen traded near the lowest level versus the euro this year as the Bank of Japan said it may provide 1 trillion yen ($10 billion) of subordinated loans to banks, raising concern it will flood the market with currency. The euro advanced versus the yen and pound after a report showed German...

The Australian and New Zealand dollars fell, retreating from one-month highs touched late last week, amid concerns the nations’ deteriorating economies may spur their central banks to lower interest rates to records. New Zealand’s manufacturing sales excluding inflation fell 5.4 percent in...

The Swiss franc posted its biggest weekly decline against the euro since 1999 after the country’s central bank sold the currency to halt a 7.6 percent appreciation in the past six months. The franc was also near the lowest level versus the dollar in three months after the Swiss National...

The yen fell, heading for a fourth weekly decline against the euro, as shares rallied on speculation the global credit crisis is easing, damping demand for the Japanese currency as a refuge. The euro was poised for its biggest weekly gain versus the dollar this year after European Central...

New Zealand’s dollar rose to a two- week high against the U.S. and Australian currencies after central bank Governor Alan Bollard signaled he may slow the pace of interest-rate cuts and Australian unemployment increased. Australia’s dollar pared gains against the greenback from the strongest in...

Asian currencies climbed, led by the Korean won, as speculation U.S. bank finances are improving helped counter concern about a deepening global recession. The won rose for a fourth day, the longest winning streak this year, after Citigroup Inc. said it was having its best quarter since 2007...

The yen and the dollar weakened on speculation gains in Asian stocks and U.S. equity futures fueled demand for higher-yielding assets. The euro approached a two-month high against Japan’s currency on expectations European investors will bring home overseas earnings before the end of the first...

The yen declined against the dollar and the euro after the nation posted its first current-account deficit in 13 years. The Japanese currency also weakened versus the Swiss franc after the Finance Ministry in Tokyo reported a deficit that was more than 11 times larger than economists...

China’s central bank reiterated a “moderately-loose” monetary policy for this year and said it would keep the yuan basically stable. China’s exchange rate will be “‘basically stable at a reasonable and balanced level,” the People’s Bank of China said in a statement before a press briefing in...