Market News

In early morning trading in New York, the Canadian Dollar rose versus the U.S. Dollar in advance of the Canadian central bank’s interest rate announcement scheduled for later today.

The Japanese Yen struck a 3-week peak against the U.S. Dollar in Asian trading today

The USD on Monday regained some ground which was lost from a renewed focus on U.S. quantitative easing, and was helped by short covering, while the EUR fell back towards channel support ahead of a meeting of European finance ministers.

In early morning trading in New York, the U.S. Dollar is broadly higher and recouping some of last week’s late losses, supported by recent comments from the Federal Reserve Chairman who suggested the strong possibility that additional quantitative easing would be forthcoming.

In Asian trading today, the U.S. Dollar managed to recoup some of last Friday’s losses against the common currency Euro as investors once again turn their focus to the Eurozone’s fiscal worries.

In Tokyo trading today, the common currency Euro held steady against the U.S. Dollar, retaining most of the gains derived from yesterday’s rebound.

The Euro slipped lower against the U.S. Dollar following the European Central Bank’s announcement that interest rates would remain unchanged and that the current monetary policy was appropriate.

The common currency Euro is in a holding pattern in Asian trading today, as investors await the outcome of today’s ECB meeting.

The Canadian Dollar rose against the greenback in early trading in New York, as recent comments by the president of the European Central Bank encouraged investment into higher risk currencies.

The common currency continues to be put under significant pressure, today in Tokyo hovering near an 11-week trough versus the U.S. Dollar and the Japanese Yen, even as investors await word from the Eurozone policymakers on their next step to contain the Eurozone crisis.

The U.S. Dollar rose to a 2½ month peak against the Euro in New York trading today, as persistent worries about sovereign debt in the Eurozone put pressure on the common currency.

The EUR saw some decreases in Asia on Tuesday but most traders think the worst is ahead of us or the single currency. This comes as a result of a rescue package for Ireland failing to restore investor confidence In euro zone debt.

The Euro slipped near a 10-week trough in Asian trading today as investor worries mount over the Eurozone fiscal crisis.

The common currency Euro continues its descent in the wake of investor concerns about Eurozone debt; in focus this time is whether or not the Portuguese and Spanish governments will seek financial help to resolve their respective fiscal crises.

Investor worries about Eurozone debt problems continues to wreak havoc on the common currency Euro, which remains hovering close to a 2-month trough versus the U.S. Dollar.