The Japanese yen strengthened broadly on Monday, hitting a 2 ½-year peak versus the Dollar as a rout in global stocks prompted investors to sharply reduce their exposure to risky, higher-yielding assets. The sell-off in stocks was broad and deep, wi forex news :: view details »

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The US dollar gained some ground in early trading this morning after the S&P500 lost 0.6% on Friday. The Nikkei dropped 3.9% on slowing exports as Japan has to cope with a slowing global economic outlook. The US markets are closed today in observanc forex news :: view details »

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The Dollar retreated on Thursday after Federal Reserve Chairman Ben Bernanke told a congressional committee that more interest rate cuts may be necessary because the US economic outlook has worsened. The Fed chief's comments were widely seen as a si forex news :: view details »

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December’s CPI remained high at 4.1%, although it was down 0.2 from 4.3% in November. There continues to be rising unemployment and overall economic weakness in the US. Gold tumbled for the second day in a row to a low of $875 per ounce, coming off forex news :: view details »

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The Euro was hit after an index of German business sentiment came in close to a one-year low, prompting investors to increase year-end Dollar buying. Large institutional investors helped pushed Sterling below the 2.0000 for the first time since Sept forex news :: view details »

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The Yen rose to its highest level against the Dollar since June 2005 as investors exited riskier assets after soft US retail sales data added to fears the economy could be headed for recession. Weak outlooks about growth prompted some investors to r forex news :: view details »

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An unexpected fall in a US Mid-Atlantic manufacturing activity index weighed on the market already pressured by a persistent credit crunch and prompted investors to avoid risky carry trades.
Concerns that the credit fallout was spreading to ot forex news :: view details »

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As manufacturing slowed to its lowest level since August 2003, the dollar slumped across all pairs on expectation that the Federal Reserve Bank will have no choice but to cut rates in early 2008. forex news :: view details »

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The EURUSD traded to 1.4780 and has since settled down to 1.4725. The ADP report of private payrolls announced 40,000 jobs created in December, following a revised increase of 179,000 in November. The fourth quarter Bank of England credit conditions forex news :: view details »

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Interest rate futures reflected a more than 66% chance that the Fed will lower its benchmark interest rate by 50 basis points later this month. Such a cut would bring the fed funds rate to 3.75%, below all but two of the 10 most liquid currencies. A forex news :: view details »

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The Dollar rose on Monday as dealers speculated that growing inflationary pressures could prevent aggressive Federal Reserve interest rate cuts despite surprisingly weak jobs growth in December. News on Friday that the United States' unemployment ra forex news :: view details »

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The US Dollar slipped on Tuesday as a sharp drop in US stocks added to concerns about an economic recession and raised prospects of a deeper Federal Reserve interest rate cut this month.
Federal funds futures contracts are pricing in a roughly forex news :: view details »

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