TOKYO, June 11 (Reuters) - The dollar edged down against a basket of currencies on Thursday, paring some of the gains made after the benchmark US Treasury ...
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FOREX-Dlr edges down ahead of next Treasury auction hurdle
Source: www.reuters.com
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EUR/USD trying to steady at lower levels
EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of...
Treasury yield rise is vote of confidence in the economy- Fed
The president of the NY federal reserve, William Dudley, is on the Reuters newswires. He says that recent rises in Treasury yields reflect more confidence in the economic outlook but they could also show increasing nervousness among investors on the inflation...
Blackrock agrees to acquire BGI
The deal for Blackrock to acquire Barclays Global Investors including the important ishares business is officially done, according to reports on Reuters newswires. It is possible that this will have some ramifications for the pound, now that the deal is actually signed off on, but with global...
Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965. Nonfarm payrolls decreased by 345k...
Brazil cuts rates by 100bps
In an unexpected move, Brazil has cut rates by 100bps to 9.25% with policymakers obviously still worried about the ongoing...