Forex News
The euro rose against the dollar on Thursday, snapping eight straight sessions of declines and bouncing from its recent 3-1/2-month low as stress in Spanish debt markets eased and Greece secured funds to repay its bondholders.
United States Dollar: As widely expected the Bank of England left its benchmark interest rate unchanged and held its quantitative easing programme at £325 billion yesterday. ...
Sterling hit a new 3-1/2 year high against the euro on Thursday on concerns about political deadlock in Greece, with further gains likely if the Bank of England keeps its quantitative easing programme unchanged later in the session.
United States Dollar: GBP outperformance was notable in the FX markets on Wednesday, as sterling approached a near three-year trade weighted high against a basket of other currenci...
Sterling hovered just shy of an earlier 3-1/2 year high against the euro on Wednesday as euro zone political and economic worries encouraged investors to buy the currency, buoying its trade-weighted index to its highest since August 2009.
United States Dollar: With London traders back at their desks after bank holiday Monday we saw risk get sold off on Tuesday, sending GBP/USD to a low of 1.6124 from an early high o...
Sterling hovered within sight of a 3-1/2 year peak against the euro on Tuesday as election results in Greece and France cast doubt on the durability of austerity plans aimed at tackling the euro zone debt crisis.
United States Dollar: With many market participants away from their desks in observance of the UK May bank holiday yesterday the FX markets were pretty quiet with risk flows broadl...
United States Dollar: The main event for investors on Friday was US Non-Farm Payrolls and the all-important jobs number from the world's biggest economy was unequivocally negative ...
Sterling recouped losses from weaker-than-expected U.S. jobs data to trade steady against the dollar on Friday, and looked likely to stay supported in the near term while questions remained over the resilience of the U.S. economic recovery.
Dealers' desk forex news is provided by OzForex Pty Ltd.
