US Dollar news:
The U.S dollar is still very much on the back foot versus the Pound but euro gains are now being paired back as we end the week. Against Sterling the dollar has now slipped to $1.5617 on the market with the high of the day coming in at $1.5655. The dollar has started
US Dollar news:
The threat of the U.S heading back into recession is weighing heavily on the minds of analysts and as such the bias is leaning towards selling the dollar. “The U.S. economy appears to be losing momentum, and that’s supporting the euro,” said Lee Hardman, a currency strategist at Bank of Tokyo Mitsubishi UFJ
US Dollar news:
With the stress test results now priced into the market the dollar is little change this morning against the euro and Sterling. The euro is hovering around the 0.0% change mark for the day and maintaining a very strong level at $1.2990. So far the market is favouring the euro, a break to
US Dollar news:
The dollar starts down this morning as it is very much risk on for the markets. The euro bank stress test did just enough to calm the markets and as such the prices this morning are fairly close to where we were on Friday. One mover is GBP/USD which is up 0.36% for
Euro news:
Those following the markets should be aware that 17:00 today sees the release of bank stress test results. European regulators are scrutinizing banks to assess if they have enough funds, defined as a Tier 1 capital ratio of at least 6 percent, to withstand a recession and sovereign debt crisis. For EU stability we
US Dollar news:
Generally speaking the dollar is up this morning as the markets are undecided in where to place their bets ahead of the EU bank stress test. We are seeing mixed trading this morning as some are favouring the dollar as the safest place to be, betting that the stress test will highlight some
Pound news:
The latest news on the efforts to rein in our budget deficit shows that, in fact, the opposite is occurring. Public sector borrowing came in higher than expected yesterday and a government watch dog has revealed that the Ministry of Defence is already over budget by several millions. Not ideal news for the U.K
Pound news:
Yesterday saw Sterling take noticeable losses in the FX markets as it lost ground to both the euro and the dollar. This morning ees the Pound clawing back some of this lost ground but unfortunately the damage was done. Sterling dipped to €1.1743 and despite being up on the euro today has only managed
Euro news:
The euro took another blow as Moody’s downgraded Ireland’s credit rating, citing “gradual but significant loss of financial strength”. Initially this sent the euro lower as traders favoured stronger currencies such as the dollar, the euro briefly dipping into the €1.28 level. However, such is the confidence in the single currency right now that
Euro news:
The euro ends the week by catching a lot of people out in pushing ahead to $1.2934 on the market. Not so long ago bank after bank came forward with their suggestions for EUR/USD, all of them targeting $1.15 or lower. It will be interesting to see whether or not they are right at
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