Archive for May 2008

Yen Slips Versus Major Counterparts

May 13th, 2008 | By Robert | Category: Forex News

(RTTNews) - The Japanese yen saw weakness against other major currencies on Tuesday in New York. The yen fell to short-term lows against the dollar and euro and dropped against others as well. Japanese traders look ahead to trade balance data and domestic corporate goods data, expected later tonight.
The yen slipped to a six-day low [...]



Europe, U.S. united in desire for dollar to strengthen vs euro - Forex Trading

May 8th, 2008 | By MichaelFox | Category: Forex News

LONDON (Thomson Financial) - The euro zone and the U.S. now have a united desire to see the dollar strengthen against the euro, senior officials told the Financial Times.



Global stocks skid on record high oil, dollar rises

May 8th, 2008 | By MichaelFox | Category: Forex News

SINGAPORE (Reuters) - Oil’s relentless push to yet another record high pressured Asian shares across the board on Thursday, raising fears that inflation — and central bank measures to cool it — would hurt consumer spending and profits.



USD firms, sideways after Housing Data

May 8th, 2008 | By MichaelFox | Category: Forex Analysis

Today’s US Dollar Trading
• USD firms, sideways after Housing Data
• Pending Home Sales as expected
• Speculation BOE might cut rates Thursday