December 2012 UK Forex and Foreign Exchange News Archive
Archived Daily Wealth Management News...
Yen slides as Abe takes power in Japan
26 Dec at 9 AM
News Item Link: Yen slides as Abe takes power in Japan
The yen has hit its lowest level in 20 months as Shinzo Abe prepares to return as prime minister. The Liberal Democratic Party won a landslide victory at the polls earlier in the month and the party’s leader has promised to weaken the currency and introduce stronger fiscal measures in order to stimulate growth. Activity in most global...
Dollar and euro rise against the yen
19 Dec at 9 AM
News Item Link: Dollar and euro rise against the yen
The US dollar has hit its highest level against the yen in 20 months. The drop in the value of the Japanese currency follows Monday’s election results that saw the Liberal Democratic Party voted into power by an overwhelming majority. Leaders have already said they intend to introduce aggressive monetary easing as a way of weakening the...
Dollar down as more Fed stimulus expected
12 Dec at 9 AM
News Item Link: Dollar down as more Fed stimulus expected
Expectations that the US Federal Reserve will introduce further economic stimulus measures have seen the dollar drop against the euro. The single currency has also been strengthened by positive economic sentiment coming out of Germany. The fourth-quarter has seen the euro strengthen by 1.2 per cent and more bond buying by the US central...
Pound strengthens on positive news from Europe
5 Dec at 9 AM
News Item Link: Pound strengthens on positive news from Europe
Indications Europe is making progress in dealing with its debt crisis has given a boost to market sentiment and saw the pound rise to its highest level against the US dollar in nearly a month. However, there are signs that the UK economy continues to struggle after construction data released for November indicated the sector remains weak....