forex news

Chart Analysis: EUR/GBP EUR/GBP has tried to rally through the very key pivot area around 0.8630 lately, but has not convincingly taken this level out, which it must do before we can think that a larger rally is in the wings. To the downside, the first critical support is the 21-day moving...

Canada’s dollar fell to the lowest in almost seven weeks against its U.S. counterpart as commodities such as crude oil and copper declined, diminishing the appeal of currencies linked to raw materials. “The Canadian dollar continues to be pressured by lower crude oil prices,” said Michael...

The Australian and New Zealand dollars fell for the first time in five days after China said the U.S. currency’s may continue to dominate foreign-exchange markets, boosting demand for the greenback. The Australian and New Zealand currencies extended declines after Japanese reports showed...

The yen fell the most in three weeks against the euro after a government report showed Japanese investors bought more securities abroad than they sold for a seventh week. The yen weakened the most versus the Australian and New Zealand dollars as gains in Asian stocks boosted speculation...

For all the criticism of the U.S. currency by leaders of the so-called BRIC nations, dollar bonds sold by the largest emerging-market countries are outperforming debt traded in reais, rubles and yuan. Russian President Dmitry Medvedev, Chinese President Hu Jintao, Indian Prime Minister...

The pound climbed to the highest level this year against the euro and rose versus the dollar as stocks gained and a government report showed manufacturing in the U.K. expanded for a second month. The British currency also strengthened against the yen as equities snapped two days of losses...

Sweden’s krona traded near the lowest level in more than six weeks against the euro on concern Latvia will devalue its currency, reducing the value of loans in the country held by Swedish banks. The krona fell against the dollar as Latvia’s central bank spent the most to defend the lats since...

Canada’s dollar fell to the lowest level in almost two weeks as U.S. equity futures dropped, crude oil weakened and the greenback climbed on speculation the Federal Reserve will raise interest rates by year-end as the U.S. economy recovers. “Everything is down against the U.S. dollar,” said...

Steven Barrow three months ago predicted Canada’s dollar would weaken 11 percent against the greenback from its four-year low of C$1.3064 as policy makers considered printing money to kick-start the world’s eighth- largest economy. Barrow, Standard Bank Plc’s head of research for Group of 10...

The euro rose against the yen before a European Central Bank meeting at which policy makers may avoid cutting interest rates and expanding asset purchases. The yen fell versus the dollar as gains in stocks fueled appetite for higher-risk assets and a report showed Japanese investors increased...

The pound rose, surpassing $1.64 for the first time in seven months, and gilts declined as reports on manufacturing and house prices added to evidence Europe’s second-biggest economy is recovering from a recession. The British currency also advanced versus the euro and the yen as the FTSE 100...

Cocaine traffickers are targeting Europe because prices are higher, the currency is stronger and it’s easier to ship profits home using 500-euro ($693) bills, according to the U.S. Drug Enforcement Administration. “There’s a big push on the part of Central and South American crime groups to...

The euro may decline to a seven-month low versus the pound upon a close below 86.37 pence, Citigroup Inc. said in a report citing technical patterns. The euro fell 1.2 percent as of 2:38 p.m. in New York to 86.77 pence, or 0.8677 pound, descending below the currency pair’s 200-day moving...

The euro declined for the first time in seven days against the dollar after Britain’s Telegraph newspaper cited a German banking regulator saying debt levels at the nation’s biggest lenders may increase. South Korea’s won had the biggest decline of the 16 most- traded currencies versus the...

The dollar may be on the “threshold of broad-based” weakness in the medium term, according to Citigroup Inc. The euro may climb to $1.4720 should the currency close this week above so-called resistance between $1.3722 and $1.3739 against the dollar, Citigroup said. Resistance at $1.3722 is...

Canada’s dollar rose to the highest in more than seven months as investors shunned the U.S. greenback in favor of currencies most likely to benefit from a rebound in global economic growth. The Canadian dollar posted its biggest weekly gain since October as currencies of countries that...

The United Arab Emirates, the second largest Arab economy, has pulled out of the planned monetary union of oil-rich Gulf states, dealing a blow to their goal of establishing a European-style single currency. “It’s like France saying it wants to pull out of the euro,” Eckart Woertz, an...

The yen and the dollar advanced against higher-yielding currencies after economic reports showing the global recession may be prolonged spurred demand for the relative safety of the two currencies. The yen rose versus all 16 of the most-traded currencies after a Japanese report showed the...

The dollar and the yen fell against the euro as rising confidence in the banking industry sapped demand for the currencies after three financial institutions applied to refund government-bailout cash. The Japanese and the U.S. currencies fell most against the New Zealand dollar, Australian...

China is stockpiling commodities such as copper and iron ore as part of a reallocation of its sovereign wealth amid concern that the value of its dollar assets may decline, according to the Royal Bank of Canada. “It’s part of an overall desire to decrease its exposure to dollar assets,” said...