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Geithner/ Yosano meet in Italy
A day after his warm endorsement of US Treasuries. Japanese finance minister Yosano is meeting with Treasury Secretary Geithner. So far the only headline is that they’ve agreed on the need for stiff sanctions on North Korea. Any further comments are likely to be dollar bullish as Yosano is...
Dukascopy Afternoon Forex Overview - Sept 21 09
Previous session overview The dollar is stronger Monday in New York as the yen and higher-yielding currencies give back some of their recent gains versus the greenback while investors consolidate their positions. With markets in Japan, Singapore and several other Asian countries closed Monday for...
EUR/USD Consolidates as Investors Await Thursday’s ECB Meeting
By Fast Brokers - The EUR/USD hit solid resistance in the 1.43 area yesterday as we anticipated, and has pulled back...
World still in deep recession- ECB
Following on from the Belgian central bank pronouncements, ECB member Guy Quaden was also on the Reuters newswires. He sounded none-too optimistic; Europe and the World are still in deep recession Interest rates are at appropriatre levels World’s financial system is not healthy...
USD/JPY still falling
Bids between 97.00/25 are currently soaking up some heavy selling, with 97.02 the low thus far. One dealer has mentioned some heavy stops below the figure but no confirmation there as yet. The bearish momentum is certainly gaining strength. The Nikkei is down 1.75%, adding to...