May 8, 2012
The Euro remains under pressure in the wake of Eurozone elections but analysts say that short covering could provide some support.
Euro Uncertainty Follows E.U. Elections
May 7, 2012
The Euro tanked hard against the U.S. Dollar in Asian trading as the results of the Greek and French elections suggest uncertainty for the Euro’s future. In France, Nicolas Sarkozy has lost his bid to become a 2-term president and in Greece, the current ruling party has lost its majority.
USD Trading Subdued, Labor Data Looms
May 4, 2012
The U.S. Dollar steadied in Asian trade versus both the Japanese Yen and the Euro but could be under significant pressure if today’s U.S. Non-farms data disappoints as it did in March.
Euro under Pressure as ECB Looms
May 3, 2012
The Euro slipped and held near to a 2-week low versus the U.S. Dollar, falling overnight as still more dismal economic news puts pressure and the spotlight on the European Central Bank which will announce the outcome of its monthly policy meeting later today.
U.S. Dollar Recovers on Strong Data
May 2, 2012
The U.S. Dollar recovered in Asian trading, bouncing back from a 2½ month trough against the Japanese Yen following the data release yesterday which showed that U.S. manufacturing grew at its strongest rate in nearly 10 months.
AUD Slips in Aggressive Easing
May 1, 2012
The Reserve Bank of Australian was widely expected to cut interest rates at their policy meeting today but surprised markets with a 50 basis points reduction rather than the expected 25 points.