forex news

Brazil and China should conduct bilateral trade using their own currencies rather than the dollar, the Caijing magazine reported today, citing Brazilian President Luiz Inacio Lula da Silva in an interview. The two nations should give greater value to the Chinese and Brazilian currencies...

The yen may reverse this year’s drop against the U.S. dollar and the British pound as Japan’s currency takes over from the greenback as the best refuge from the global financial crisis, TD Securities said. Investors may benefit by adding to bets against the dollar, with the U.S. currency...

Individual investors in Japan increased bets to the highest in six months that the yen will weaken as the economy stabilizes, jumping back into a trade that was all but wiped out last year. Businessmen, housewives and pensioners held 153,326 margin contracts at the end of last month that will...

The Dollar Index, which tracks the currency against those of six major trading partners, may slump a further 5.7 percent based on technical analysis, according to Forecast Pte in Singapore. The Index traded on ICE Futures in New York broke the 200- day moving average on May 8 and closed below...

The euro fell against the dollar on speculation the European Central Bank will announce non-standard measures to stimulate the economy following an interest-rate decision today. The 16-nation currency also declined versus the Canadian dollar and the pound. The yen slid versus the dollar and...

Global central banks risk inflation, currency devaluation and a “big consolidation” in bond markets by pumping cash into their economies, the People’s Bank of China said in its quarterly monetary policy report. The Federal Reserve and the Bank of England this year started quantitative easing...

Canada’s dollar fell from the highest level since January before results this week of U.S. financial stress tests and reports on American and Canadian labor markets. The Canadian currency dropped 0.2 percent to C$1.1877 per U.S. dollar at 8:27 a.m. in Toronto, from C$1.1852 last week. It...

Asian currencies rose, led by the Indonesian rupiah and South Korea’s won, as optimism a global recession is easing bolstered demand for emerging-market assets. Seven out of the region’s 10 most-traded currencies outside of Japan climbed and stocks rallied after the Federal Reserve said the...

China’s yuan gained the most in three weeks as the People’s Bank of China set a stronger reference rate to reflect an overnight drop in the dollar. Government bonds declined. The ICE’s Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, slumped...

Thailand’s baht fell to its weakest level this month and Standard & Poor’s said the nation’s debt rating may be cut after anti-government protesters fought police and Prime Minister Abhisit Vejjajiva called a state of emergency. The currency extended its loss in offshore trading this year to...

The dollar posted the biggest weekly gain versus the euro in more than two months on optimism the worst of the financial crisis in the U.S. is over. The Dollar Index, which tracks the greenback against the currencies of six of its biggest trading partners, completed the largest weekly advance...

The euro may extend its decline to $1.25 after dropping below the March 30 low of $1.3114, said Sumitomo Trust & Banking Co., Japan’s fifth-largest bank. The $1.3114 level is so-called support on a horizontal trend line of a descending triangle, said Akifumi Uchida, deputy general manager of...

The yen and the dollar weakened against higher-yielding currencies as Asian stocks advanced, giving investors more confidence to buy riskier assets. Japan’s currency also fell after a gauge of expected movements in the foreign-exchange markets declined to the lowest since September...

The Australian dollar will come under pressure in coming months amid speculation the central bank will lower interest rates further, according to Royal Bank of Scotland Group Plc. Australia’s key rate “will fall to 2 percent and the aussie will encounter significant yield advantage...

The Australian dollar rebounded against the greenback after the central bank lowered interest rates by 0.25 percentage point to 3 percent, a smaller reduction than traders anticipated. New Zealand’s currency slipped. Governor Glenn Stevens trimmed borrowing costs to a 49-year low, extending...

The Japanese yen declined to a five- month low against the dollar and the euro as stocks rallied on speculation the global financial crisis is easing, damping demand for the currency as a refuge. The yen fell against all of the 16 most-actively traded currencies, sliding against New Zealand’s...

Canada’s dollar strengthened on speculation the worst of the global recession may be over, spurring investors toward such riskier assets as stocks and commodity currencies. The Canadian currency rose 0.9 percent since March 27, its third weekly advance in four, as U.S. job losses last month...

The euro fell against the dollar and the yen on speculation the European Central Bank is lagging behind international counterparts in efforts to deal with the biggest financial crisis in six decades. The yen weakened beyond 100 per dollar for the first time since Nov. 4 and fell against the...

The yen fell against the euro as Asian stocks gained on optimism the worst of the global economic slump may be ending, spurring investors to increase purchases of higher-yielding assets. The euro rose versus the dollar on speculation European Central Bank President Jean-Claude Trichet will...

The Australian and New Zealand dollars slid on concern weakening economic growth will lead the two nations’ central banks to lower interest rates, sapping the appeal of their assets. The currencies weakened against the greenback and the yen as U.S. lawmakers said the Obama administration is...