WORLD FOREX: Dollar Falls Versus Yen, Euro On Profit-Taking

Source: online.wsj.com

... stimulus spending and ultra-low 0-0.25% policy rate, said Yuzo Sakai, manager of foreign exchange business promotion at Tokyo Forex & Ueda Harlow. ...

See all stories on this topic


Read more...

  • Lockhart sees second-half recovery; Fed will meet inflation objective no matter the environment

    Atlanta Fed President Lockhart, a relative hawk, frets that some of the bond rate back up in recent weeks is tied to the fear that the Fed will monetize the debt. He warns that fiscal imbalances will make the Fed’s pursuit of stable growth and prices more difficult. US equities are firmer and...

  • GM, Toyota sales tumble

    Gm sales fell 29.6 percent in May versus the year ago period, but those sales look robust compared to Toyota. Their sales fell 38.4% from a year ago. Over the prior month though, sales were improved. UPDATE: Chrysler sales fell 47% from year-ago...

  • ECB’s Constancio: No swift dollar fall; would be undesirable

    Portuguese central banker Constancio repeats that he does not see a swift dollar fall ahead and says it would be undesirable if it occurred. He made similar comments last week, but there has been a swift dollar fall since then! He adds the US needs a gradual rise in its savings rate to adjust...

  • June 15, 2009

    Hello all, More profit taking on our open orders expected this week. We also have a few new trades coming as the pullback has begun. Too soon to know if it is too soon to enter or now, we can only follow what works - our trading plan. 4 Hour: Current Drop In Criteria: EUR/USD buy EUR/JPY...

  • aud/usd correction

    Expect a major downward correction this afternoon in risk! Equities are set to fall after lunch! If you don’t believe me look at the...