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US Dollar Continues Downward Spiral 12 May 2011 | 06:41 am
By: Barbara Zigah The greenback continues to lose ground against major currencies, with the U.S. dollar Index holding close to a 3-year low in Asian trading, and likely to see the biggest weekly drop...
Reserve Bank of Australia Takes Hawkish Tone, Sends Aussie Higher 12 May 2011 | 06:41 am
By: Barbara Zigah With investors speculating that the Reserve Bank of Australia is likely to raise interest rates sooner than later given a higher inflation forecast, the Australian Dollar rose again...
Death of bin Laden Sends U.S. Dollar High in Asian Trading 12 May 2011 | 06:41 am
By: Barbara Zigah Yesterday’s death of Osama bin Laden is making international headlines, as analysts focus on how it will affect everything from the U.S. army presence in the region to Obama’s popul...
Euro Rebounds after 3-Week Low 12 May 2011 | 06:41 am
By: Barbara Zigah Following last week’s steep fall, the common currency Euro bounced in early Asian trading, rising against the U.S. Dollar and Japanese Yen. As reported at 2:25 p.m. (JST) in Tokyo, ...
Fallout from Fed Press Conference, U.S. Dollar Slips Broadly Lower 12 May 2011 | 06:41 am
By: Barbara Zigah Following yesterday’s press conference held by Ben Bernanke, the chairman of the U.S. Federal Reserve Bank, who fielded questions on the likely direction of the U.S. economy, the U....
Euro Moves Higher Ahead of ECB Policy Meeting 12 May 2011 | 06:41 am
By: Barbara Zigah Ahead of today’s meeting of the European Central Bank’s rate setting committee, the common currency Euro has been rising toward a 17-month peak against the U.S. Dollar in Asian trad...
Euro Edges Higher, However Pressure Still Seen from Greece 12 May 2011 | 06:41 am
By: Barbara Zigah In early trading in Tokyo, the common currency edged higher against the U.S. Dollar, off a 3-week low, supported by early indications of some restabilization in the commodities mark...
U.S. Dollar Index Slightly Higher even as bin Laden Euphoria Wanes 12 May 2011 | 06:41 am
By: Barbara Zigah With the euphoria over the news of the al-Qaeda leader’s death now beginning to wane, the U.S. Dollar is hovering close to the 3-year low struck last week. As reported at 2:27 p.m. ...
Euro Holds Onto Gains as Commodities Steady 12 May 2011 | 06:41 am
By: Barbara Zigah With commodity prices beginning to stabilize, the Euro has been holding tight to recent gains during Asian trade. Some traders expect the Euro to come under renewed pressure, howeve...
Pound Sterling Drops as Interest Rate Hike Expectations Fade 12 May 2011 | 06:41 am
By: Barbara Zigah Unexpectedly weak data from the U.K.’s manufacturing sector pushes back the likelihood of an interest rate hike sending the Pound Sterling broadly lower in Asian trading. As reporte...
