Dollar Rises 6th Day Versus Yen After Jobless Claims | Top Forex Brokers

Posted by Forexsq 1 day 23 hours ago (
img The dollar extended its rally against the yen to six days, the longest since August, as the four-week average of U.S. jobless claims dropped to the lowest in 14 years... moreShare it now!

The smartest way to decouple from global growth scares right now

Posted by Forexsq 1 day 23 hours ago (
img I’ll invest more when there’s more uncertainty in the economy. I’ll buy hand over fist the next time the market crashes. Don’t worry, I can ignore the noise.

What’s that quote? Oh, just one of the lies investors tell themselves. Ben Carlson, blogger at Wealth of Common Sense, who put together a brilliant list of those fibs, says this is a coping mechanism that investors use to try to get a gri

Dollar Pares Gain Before Fed on New York Ebola Case

Posted by Forexsq 22 hours ago (
img The dollar pared its first weekly gain in three weeks against a basket of peers as an Ebola diagnosis in New York crimped risk appetite before the Federal Reserve meets on policy.

The yen halted a six-day drop against the dollar after a doctor tested positive for the disease in the most populous U.S. city, boosting haven demand. The Bloomberg Dollar Spot Index slipped from almost its highest i

Pound Halts Three-Day Drop as U.K. Growth Meets Estimates

Posted by Forexsq 22 hours ago (
img The pound rose, halting a three-day drop versus the dollar amid speculation concern the U.K. economy is slowing was overdone after a report showed it grew in line with analysts’ forecasts in the third quarter.

Sterling posted its first weekly advance versus the euro since September. Gross domestic product rose 0.7 percent in the three months through September, the Office for National Statistic

Pound rises against the dollar after U.K. GDP data

Posted by Forexsq 22 hours ago (
img The pound-dollar pair staged a modest rally on Friday after reports that U.K. economic growth slowed modestly in the third quarter, in line with economists’ expectations.

U.K. gross-domestic-product growth slowed to 0.7% in the third quarter down from 0.9% in the previous quarter, according to the Office for National Statistics. Economists had expected growth of 0.7%.

Why one economist says no recession until at least 2016

Posted by Forexsq 22 hours ago (
img It’s going to take a little bit more than Ebola, eurozone pessimism and a rising U.S. dollar to turn David Rosenberg into a bear.

The chief economist and strategist at Gluskin Sheff, in his economic commentary, points out the leading economic indicator released Thursday showed a 0.8% monthly advance and a 6.3% year-over-year gain in September.

This rate, he says, is consistent with annual r

Loonie plummets against dollar on weak retail sales data

Posted by Forexsq 2 days ago (
img The Canadian dollar plunged against the U.S. dollar Wednesday morning after an unexpected drop in August retail sales data.

Canadian sales decreased by 0.3%, the largest drop this year. Economists had expected a flat reading. The decline follows a 0.1% drop in July, the first back-to-back monthly declines since 2012.

The loonie USDCAD, -0.14% traded at 88.75 cents Tuesday morning, down from

Dollar Holds Losses With Early Fed Rate Increase Prospect Fading

Posted by Forexsq 4 days ago (
img The dollar held declines from yesterday against a majority of its major peers as traders speculated a slowdown in global growth will delay the timing of a Federal Reserve interest-rate increase.

The Bloomberg Dollar Spot Index, which measures the currency against a basket of 10 counterparts, has weakened 0.8 percent so far this month amid shifting Fed expectations before policy makers next mee

Euro Drops on Speculation ECB May Expand Stimulus

Posted by Forexsq 4 days ago (
img The euro declined against the dollar after Reuters reported the European Central Bank is looking to buy corporate bonds on the secondary markets, damping demand for the shared currency.

The euro weakened versus 13 of its 16 major peers even as a spokesman for the central bank told Reuters “the Governing Council has taken no such decision.” The dollar halted a three-day gain versus the yen as t

Russia’s $13 Billion Support for Ruble Impaired by Oil Under $90

Posted by Forexsq 7 days ago (
img Russian currency-market interventions that have topped $13 billion are failing to stem the ruble’s slide to unprecedented lows as oil trades near the weakest in four years.

The Bank of Russia raised its dollar-euro basket band by 30 kopeks to 46.25 yesterday as falling crude and concern global growth will slow weakened the ruble 1 percent. The central bank has spent about $13 billion to shore

Dollar stages recovery against yen, euro

Posted by Forexsq 7 days ago (
img The dollar recovered against the yen and euro, but remained lower against most other rivals in relatively muted afternoon for currency traders on Thursday.

Investors weren’t eager to place directional bets (i.e. that the greenback would move higher or lower against other currencies), ahead of a planned speech by Federal Reserve Chairwoman Janet Yellen scheduled for Friday morning.

Dollar Declines on Fed Interest-Rate Speculation | Top Forex Brokers

Posted by Forexsq 4 days ago (
img The dollar fell versus higher-yielding currencies as traders speculated on the Federal Reserve’s pace for interest-rate increases amid slowing global growth. The dollars of Australia and New Zealand gained against... moreShare it now!

Yen rises against rivals as risk aversion sets in

Posted by Forexsq 8 days ago (
img Investors flocked to the yen and unloaded dollars, euros and the commodity currencies — the Australian dollar, Canadian dollar and New Zealand dollar — as a broad equity selloff gripped the markets.

Wider signs of global unrest manifested in a surge in Italian, Spanish and Portuguese sovereign bond yields on Thursday, also helping to boost the yen as investors rushed into risk-averse positions

Euro Slides on Periphery Bonds’ Slump | Top Forex Brokers

Posted by Forexsq 8 days ago (
img The euro tumbled as a rout in bonds from the region’s periphery boosted bets the European Central Bank will expand stimulus that tends to lower exchange rates in order to... moreShare it now!

Bank of Russia raises ruble trading band again

Posted by Forexsq 8 days ago (
img The Bank of Russia continued adjusting the ruble trading band, letting the ruble weaken gradually to new all-time lows, the bank's data showed Thursday.

The central bank said it pushed the ruble's trading band 25 kopecks higher to 36.95-45.95 rubles per euro-dollar basket on Wednesday.

The central bank said it sold $2.286 billion on Tuesday to slow the ruble's slide. Since the beginning of

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