forex news

The yen will fall to 102 against the U.S. dollar as risk sentiment improves and a weakening domestic economy prompts investors to buy assets outside Japan, Barclays Capital said. The currency has lost 8.8 percent since strengthening to 87.12 per dollar on Jan. 21, the highest since 1995, as...

The euro fell against the dollar on speculation European Central Bank President Jean-Claude Trichet will lower interest rates today and signal further cuts are needed to curb the deepening recession. The euro also headed for a fourth weekly loss versus the greenback before a statistics office...

Australia’s dollar fell to a one- month low after a government report showed the economy unexpectedly shrank last quarter, adding pressure on the central bank to resume interest-rate cuts. New Zealand’s dollar slid. Australia’s currency also weakened against the yen after a separate report...

The dollar and the yen weakened after Australia’s central bank unexpectedly halted its most aggressive round of interest-rate cuts, boosting demand for higher-yielding assets. The U.S. and Japanese currencies also snapped two days of gains versus the euro as Asian shares pared losses and U.S...

New Zealand’s dollar fell to a 6 1/2-year low and Australia’s currency extended three weeks of declines after U.S. and Asian shares slumped, prompting investors to seek the safety of the greenback. Australia’s dollar also fell after three of the nation’s four biggest banks had their ratings...

The dollar posted its biggest two- day drop against the euro since December as traders withdrew bets on the greenback. The U.S. dollar also slid versus the Swiss franc, the yen and the Australian currency as the sell-off versus the euro triggered preset orders. The dollar earlier increased as...

The euro fell, set for the biggest weekly decline in a month against the dollar, on speculation European Central Bank President Jean-Claude Trichet will signal in a speech today that he may cut interest rates to spur growth. The 16-nation currency headed for its seventh weekly loss in eight...

The euro rose from near a three- month low against the dollar on speculation German Chancellor Angela Merkel will signal Europe’s largest economy plans to take action to help avert the financial turmoil in the region. The euro snapped three days of losses against the dollar after Finance...

The dollar may gain 11 percent against the yen in the next three months should it rise above so-called resistance at 94.63 yen, based on trading patterns, Standard Chartered Plc said. in Singapore. The 94.63 yen level would match the greenback’s highest this year, reached Jan. 6, as well as...

The Australian dollar slid as the central bank said record-low interest rates will take time to revive economic growth, giving policy makers more room to lower interest rates. Australia’s and New Zealand’s currencies fell to the lowest in more than a week as the euro dropped to a 2 1/2-month...

The yen rose after finance ministers from the Group of Seven nations said the “severe” global slump will persist for most of 2009 and Japan’s economy shrank by the most since 1974, spurring investors to sell riskier assets. The yen snapped two days of losses against the dollar and the euro as...

The yen fell for a second day against the euro and the dollar, paring a weekly advance, as stocks rose on speculation governments will expand efforts to revive lending. The Japanese currency declined most versus the pound and Australian dollar amid speculation the Obama administration will...

The dollar and yen will strengthen in the next six months as skepticism about a U.S. plan to rescue the banking system increases demand for the currencies as a haven, a survey of Bloomberg users showed. Participants turned positive on the U.S. greenback for the first time since December and...

The yen rose against the euro and the dollar as Asian stocks slumped on concern the U.S. government’s bank-rescue plan will fail to revive lending, boosting demand for Japan’s currency as a haven. The yen also gained against higher-yielding currencies such as South Korea’s won and Sweden’s...

Canada’s currency will return to par with its U.S. counterpart in as little as six months as commodity prices rebound, pessimism peaks and the nation’s political turmoil abates, according to Dennis Gartman. “I can feel myself getting ready to be quite bullish on the Canadian dollar,” said...

Daiwa SB Investments Ltd. is urging clients to put their money into Brazil, Mexico and Turkey after the yen’s 55 percent gain against their currencies made emerging markets a bargain. A year ago, it wasn’t recommending any developing nation funds. “A lot of assets have gotten extremely cheap...

The yen rose against the dollar on speculation yesterday’s biggest drop in seven weeks encouraged local exporters to bring home some of their overseas earnings. The dollar weakened on concern a government report today will show the U.S. jobless rate climbed to a 16-year high in January...

The euro traded near a two-month low against the dollar on concern the economic slump in Eastern Europe will deepen a recession in the 16-nation currency bloc. The currency may decline for a second day against the yen on speculation the European Central Bank will signal it plans to cut...

The Australian and New Zealand dollars rose for a second day as regional stocks gained and government spending worldwide boosted investor appetite for higher-yielding assets. Australia’s currency climbed the most in almost three weeks after a government report showed December retail sales...

The pound fell against the euro for a second day on speculation a report on U.K. construction will fuel the Bank of England’s need to cut interest rates. The British currency was also little changed versus the dollar before economic surveys this week that may show house prices, consumer...