December 2012 UK Forex and Foreign Exchange News Archive
Archived Daily Wealth Management News...
Dollar drops against yen as fiscal cliff looms
28 Nov at 9 AM
News Item Link: Dollar drops against yen as fiscal cliff looms
As the US moves towards an end-of-year fiscal cliff of spending cuts and rising taxes the dollar has weakened against the yen. In Asia on Wednesday trading was down by 0.30 per cent to 81.86 having hit a session high of 82.21 and a low of 81.79.
Investors are looking for safe havens as many believe lawmakers in the US will now not have...
Yen drops as stimulus measures predicted in Japan
21 Nov at 9 AM
News Item Link: Yen drops as stimulus measures predicted in Japan
The yen has dropped against a number of other major currencies as expectations are that Japan will pursue aggressive stimulus measures to kick start the economy if Shinzo Abe, leader of the opposition, becomes the next prime minister. The US dollar rose 0.18 per cent against the yen to end at 81.82.
Earlier in the week the Bank of Japan...
Uncertainty over Greek debt sees euro drop against the dollar
14 Nov at 9 AM
News Item Link: Uncertainty over Greek debt sees euro drop against the dollar
Weak business confidence data coming out of Germany and uncertainty over the economic situation in Greece saw the euro drop to its lowest level in two months. The euro is currently trading at $1.2702 after a fall to $1.2661.
The euro was prevented from dropping further by hints that international lenders may be about to send further aid to...
Dollar down as Greece votes on further cost cuts
7 Nov at 9 AM
News Item Link: Dollar down as Greece votes on further cost cuts
The US dollar has fallen slightly against a basket of other currencies as investors bet that the currency has risen too fast recently against a background of debt problems in Europe and continuing economic uncertainty at home. However, all eyes are now on who will be leading the country as Americans await the results of the presidential...