Thursday, 28th March 2024

Federal Reserve News Page 2.html

This is the category page for all Federal Reserve news here on ukfx.co.uk...

Commodity currencies boosted by bets on riskier assets

6 Mar at 9 AM

News Item Link: Commodity currencies boosted by bets on riskier assets

Commodity currencies have been given a boost by an improved appetite for riskier assets as the euro struggles to make gains ahead of a policy meeting at the European Central Bank. The mood has been given a boost by a commitment to bond buying at the US Federal Reserve and the probability that the Bank of England, ECB and Bank of Japan will...

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...

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...

Euro rebounds from three-week trough

1 Oct at 2 PM

News Item Link: Euro rebounds from three-week trough

The euro recovered from sinking to a three-week low against the dollar on Monday as manufacturing data from the euro bloc was better than anticipated, but continued doubts about Spain’s bailout kept gains limited. The manufacturing sector in France deteriorated dramatically last month, while Germany’s Purchasing Managers’ Index went...

Australian dollar weakens on profit-taking

24 Sep at 6 PM

News Item Link: Australian dollar weakens on profit-taking

The Australian and New Zealand dollars weakened on Monday as profit-taking brought an end to rallies that were driven by world central banks launching stimulus moves earlier in September. Meanwhile, the euro fell close to a low hit last Thursday due to ongoing uncertainty over Greece and Spain, while repatriation in Japan helped the yen...

Euro climbs to four-month peak ahead of German decision

12 Sep at 2 PM

News Item Link: Euro climbs to four-month peak ahead of German decision

The euro reached a four-month peak versus the US dollar on Wednesday ahead of a decision by a German court on whether it will back the rescue plan for the eurozone. Traders said the single currency could surge past stop-loss orders of $1.2895 should the German Constitutional Court give its backing to Europe’s largest economy...

Euro loses ground on dollar

10 Sep at 6 PM

News Item Link: Euro loses ground on dollar

The euro fell versus the dollar at the beginning of the week as investors braced themselves for this week’s Federal Reserve policy meeting. The market expects that the Fed will launch a fresh round of quantitative easing in order to prop up the faltering economy. However, despite the single currency’s losses, it remained near...

Dollar gains ground on yen and other currencies

15 Aug at 2 PM

News Item Link: Dollar gains ground on yen and other currencies

Positive retail sales from the US help the dollar climb to a one-month high versus the Japanese yen on Wednesday and calmed talks of the Federal Reserve launching further monetary stimulus to support the economy. Data from the US revealed that retail sales had gone up for the first time in four months, a factor that raised the likelihood...

Euro supported by US easing hopes

18 Jul at 9 AM

News Item Link: Euro supported by US easing hopes

The euro moved up versus the dollar on Wednesday following Federal Reserve Chairman Ben Bernanke’s announcement that the central bank is prepared to support the US economy, but gains remained limited as Bernanke gave little away about specific steps. The Fed chief is scheduled to address the House Financial Services Committee on...