Market News

In London trading today, both the U.S. Dollar and the Japanese Yen made gains on the single currency Euro, while other commodities-linked currencies also suffered declines on continuing investor concerns over the global economic outlook.

Ahead of the U.S. Federal Reserve meeting to be held next Tuesday, the U.S. Dollar is holding steady at $1.3933 versus the Euro in Asian trading today, remaining close to yesterday’s low of $1.3986 on the EBS trading platform.

As reported at 3:10 p.m. (JST) in Tokyo today, the Euro made gains against the U.S. Dollar and the Japanese Yen. Earlier this week, the U.S. Dollar dropped versus major currencies as investors continued to unwind their safe-haven positions in the U.S. currency in light of the waning global economic crisis.

As reported at 2:34 p.m. (JST) in Tokyo, the Japanese Yen made broad gains today after stock markets around the globe tumbled resulting in investors hedging their bets on higher risk currencies, including the New Zealand and Australian Dollars which had seen 8-month highs in recent weeks.

As reported at 2:53 p.m. (JST) in Tokyo, the U.S. dollar made gains across the board in today’s trading. Analysts are attributing the greenback’s rise to investor profit taking on riskier currencies, following the conclusion of the G8 meeting of finance ministers which was held this past weekend.

With investors moving to cover their short positions, the U.S. Dollar edged up versus a group of six major currencies in Friday’s trading.

With U.S. treasury yields hitting their highest price in nearly 8 months yesterday, the U.S. Dollar slipped versus a group of six major currencies, paring down earlier gains.

As reported at 9:40 a.m. (BST) in London, the U.S. Dollar slipped slightly in early morning trading today as investors move back into risky, higher-yielding currencies.

The U.S. Dollar continues earlier gains versus major currencies but was held in check below a recent 2-week high following the recent release of U.S.

Versus a basket of major currencies, the U.S. Dollar was able to hold on to the sharp gains it made last Friday, as the yields on the 2-year and 10-year U.S.

The U.S. Dollar slipped slightly versus a group of major currencies in Friday’s trading in Tokyo, as investors move their investments out of perceived safe haven currencies and into high yield currencies.

The U.S. Dollar continues to struggle against major currencies, hitting an 8-month low versus the Pound Sterling and a 9-month low versus the Australian Dollar, following the release of yesterday’s better-than-expected housing data out of the United States.

The U.S. Dollar has finally steadied in today’s trading, following a series of lows versus numerous currencies. Yesterday, the U.S. Dollar touched on the lowest price of the year versus the Euro, trading at $1.4246 on the EBS platform.

The U.S. Dollar slipped broadly today inching back toward a 5-month low versus the Pound Sterling, the single currency Euro and those currencies which are tied to commodities.

As reported at 12:57 p.m. in Tokyo, the Japanese Yen slipped against major currencies in trading today, continuing the declines from yesterday.