The Hindu Business Line : Indian rupee stays more resilient in 2009 (The Hindu)

Even as the rupee hovers at a new lifetime low of Rs 51.1 to a dollar, did you know that the Indian currency has been among the more resilient in 2009? Read more….  Read More →

Canadian dollar turns higher versus greenback (National Post)

The Canadian dollar turned higher against the greenback Tuesday, moving as much as 1% off its session low, as investors exited long U.S. dollar positions. Read more….  Read More →

Rouble fixes at 35.7205/dlr, 45.2797/euro (Reuters via Yahoo! Philippines News)

MOSCOW, Feb 27 (Reuters) – The Russian rouble firmed in early official trade on Friday to a weighted average for tomorrow settlement of 35.7205 per dollar compared with 35.7223 the previous session. Read more….  Read More →

US Government to Own 1/3 of Citi

Shares drop on news; US dollar continues in strength on the currency market The US government and Citi have agreed to a deal in which the government will increase its stake in Citi to 36%. Even as the government owns more than 1/3 of the embattled bank, almost 3/4 of existing shareholder stake will be eliminated. On the news, Citi shares dropped rather... Read more...

US GDP Revised Lower

GDP decreased by 6.4% in Q4 of 2008 Just a day after president Barack Obama presented his 2010 budget, the revision in 4th quarter GDP data was made. However, the news is grim indeed, with the revised GDP decreasing by 6.4% — even more than thought. The news is actually sending the US dollar higher in forex trading on the currency market. The... Read more...

US Dollar: February Ends with a Bang

The uncertainty expressed over the threat of a deep US recession and the third CitiGroup bail-out drove the dollar index to a three year high. Apparently, the dollar has maintained some of its safe haven status. Equities have finished a volatile trading day as a result, plummeting 125 points at the open, only to rally back. Unfortunately the bears won... Read more...

3 Basics For Currency Trading Success

Forex currency trading can be learned by anyone, it’s a specifically learned skill, yet the vast majority of Forex traders lose. If you want to avoid being part of the losing majority, you need three basics for success… These basics for success really don’t have anything to do with your actual Forex trading strategy, but they have… Read... Read more...

Swiss Franc To Hold Bearish Trend as Growth and Inflation Falter (Daily FX via Yahoo! Finance)

The Swiss franc is likely to face increased selling pressures over the following week as the economic docket is expected to show a deteriorating outlook for growth and inflation, and as the low-yielding currency?s safe-haven status comes under question, the USD/CHF should hold its bullish trend over the near-term as the flight to quality continues.... Read more...

Canadian dollar turns higher versus greenback (National Post)

The Canadian dollar turned higher against the greenback Tuesday, moving as much as 1% off its session low, as investors exited long U.S. dollar positions. Read more….  Read More →

Canadian dollar closed at 78.60 cents US, down 1.20 cents (Canadian Business)

TORONTO – The Canadian dollar closed at 78.60 cents US, down 1.20 cents on Friday. The U.S. dollar stood at 127.23 cents Canadian, up 1.91 Read more….  Read More →

Rand Falls as Trade Gap Widens to Record, Erasing Weekly Gain (Bloomberg)

Feb. 27 (Bloomberg) — South Africa’s rand fell against the dollar after a report showed the nation’s trade deficit widened to a record, boosting concern the country will struggle to fund its current-account gap. Read more….  Read More →

Australian Dollar Sentiment May Shift on Key GDP, RBA Results (Daily FX)

The Australian dollar finished the week marginally lower, but an unexpected string of bullish economic data boosted medium-term prospects for the previously fast-falling currency. Indeed, economic results for the fourth quarter of 2008 have thus far surprised to the topside. Read more….  Read More →

British Pound to See Volatility on Conflicting BOE Expectations (Daily FX via Yahoo! Finance)

The British Pound is nearly assured a volatile week ahead as a multitude of conflicting leads ahead of the interest rate announcement from the Bank of England is sure to catch at least some market participants off-guard. Read more….  Read More →

Extra officials set for Euro 2012 (TeamTalk via Yahoo! UK & Ireland Sport)

Michel Platini believes that extra officials behind the goal-line will become part of football after the go-ahead was given for further trials.A final decision will be made in 2011 and the rule change could come in for Euro 2012. Read more….  Read More →

Ukraine, Poland agree to consolidate efforts to prepare for Euro 2012 Finals (KYIV Post)

Ukraine and Poland have agreed to step up the coordination of their efforts while making preparations for the Euro 2012 European football championship finals. Read more….  Read More →

US dollar surges to fresh multi-year high versus Mexican peso (Nasdaq)

(RTTNews) – The US currency extended yesterday’s uptrend against the Mexican peso during New York deals on Friday. Read more….  Read More →

Japanese Yen May Fall Further on Broken Risk Link, Disappointing Data (Daily FX via Yahoo! Finance)

At the start of this past week, many were wondering if the Japanese yen had lost its safe-haven status, as the currency pulled back sharply despite broad declines in the stock markets. Read more….  Read More →

JPMorgan Cuts Yen-Dollar Forecast on Deepening Economic Slump (Bloomberg)

Feb. 27 (Bloomberg) — JPMorgan Chase & Co. cut its forecast for the yen against the dollar as the Japanese currency’s appeal as a haven diminishes amid the nation’s deepening economic slump. Read more….  Read More →

Canadian dollar closed at 79.60 cents US, down 0.20 of a cent (Canadian Business)

TORONTO – The Canadian dollar closed at 79.60 cents US, down 0.20 of a cent on Friday. The U.S. dollar stood at 127.23 cents Canadian, up 1.91 Read more….  Read More →

Rand Falls as Trade Deficit Widens to Record, Missing Estimates (Bloomberg)

Feb. 27 (Bloomberg) — South Africa’s rand declined after a report showed the nation’s trade deficit widened to a record level, boosting concern the nation will struggle to finance its current-account deficit as the global economy slows. Read more….  Read More →

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