forex news

  1. Enivid

    Yen Weakens as Carmaker Loans Cut Demand for Currency as Haven

    The yen weakened against the euro and the dollar as Japanese exports tumbled and U.S. government aid to General Motors Corp. and Chrysler LLC reduced demand for the currency as a haven. The yen dropped to the lowest level versus the dollar in almost a week after Bank of Japan Governor Masaaki...
  2. Enivid

    Dollar Rises Versus Euro as Drop Considered Too Big to Sustain

    The dollar strengthened the most against the euro in almost two months as traders said the decline was too fast to be sustained after the Federal Reserve lowered the target lending rate to near zero this week. The euro also weakened after the European Commission said the region may suffer a...
  3. Enivid

    BOJ Cuts Key Rate to 0.1%, Pumps Funds Into Economy

    The Bank of Japan cut its benchmark interest rate to 0.1 percent and said it would buy corporate debt as a deepening recession chokes off funding for businesses. Governor Masaaki Shirakawa and his colleagues lowered the target for the overnight lending rate from 0.3 percent in a 7- to-1 vote...
  4. Enivid

    Asian Currencies Climb as Stocks Rally; Won, Rupiah Lead Gains

    Asian currencies advanced, led by South Korea’s won and Indonesia’s rupiah, as a surge in regional stocks this month added to speculation investors are returning to emerging markets. Eight of the 10 most-active Asian currencies outside Japan gained as U.S. interest rates as low as zero may...
  5. Enivid

    Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut

    The dollar fell to a 13-year low against the yen and the weakest versus the euro in 11 weeks after the Federal Reserve cut its target interest rate to the lowest among the world’s industrialized nations. The U.S. currency also declined after the central bank said it will expand purchases of...
  6. Enivid

    Dollar Trades Near Two-Month Low as Fed Poised to Cut Rates

    The dollar traded near a two-month low against the euro on speculation the Federal Reserve will reduce the target interest rate for overnight lending to a record low today. The greenback was also near the weakest level in 13 years against the yen as the Fed may also provide details on whether...
  7. Enivid

    Australian, N.Z. Dollars Advance on Outlook for Fed Rate Cut

    The Australian and New Zealand dollars rose on speculation the Federal Reserve will cut interest rates by at least half a percentage point tomorrow, increasing demand for higher-yielding assets. The two currencies also extended last week’s gains as regional stocks climbed on optimism U.S...