The low this morning has been around 1.3925 in the EUR/USD but buying interest seems to be strong at this level and the market has immediately popped back towards it’s opening level around 1.3955. The rally in the USD on Friday night came on the back of improved jobs data. This was further confirmation to some that the next move in US rates will be up. You can rest assured, if the US start to raise rates then the ECB will be very close behind them.
New low posted in EUR/USD but no follow through
Source: www.forexlive.com
Read more...
Site up and down, sorry
We’re having server problems today, sorry to say. Hopefully the site will be stable shortly. On the wires, France’s Lagarde, speaking in Beijing, says that both France and China want a stronger dollar (we’d like to hear the Chinese say...
FOREX-Dlr up, extends gains made after US jobs data
TOKYO, June 8 (Reuters) - The dollar edged higher against a basket of currencies on Monday, building on its largest one-day gain in more than five months ... See all stories on this...
Sierra Leone Central Bank Cuts Rate 300bps to 20.00%
The Bank of Sierra Leone cut its monetary policy rate by 300 basis points to 20.00% from 23.00% previously; also changing the Reverse...
Forex: Australia's Trade Deficit Widens In September
Thursday, the Australian Bureau of Statistics announced that Australia's trade deficit widened less than expected in September, with both imports and exports on the rise. Nevertheless, September marked the fifth successive month in which Australia has posted a trade deficit. The trade deficit rose...
Bangladesh's Forex Reserve Crosses $7.0 Billion
"Steady growth of inward remittances and deceasing import payments have contributed to the crossing of forex reserves $7.0 billion-mark," Bangladesh Bank ... See all stories on this...