Yen Gains as Deepening Economic Slowdown Stokes Haven Demand (Bloomberg)

Feb. 2 (Bloomberg) — The yen rose against most of the major currencies as the deepening global economic slowdown stoked demand for Japan’s currency as a haven. Read more….

Greenback rises to 10-day high against Canadian dollar (Nasdaq)

(RTTNews) – In early New York deals on Monday, the US dollar advanced to a 10-day high against the Canadian currency. The greenback rose to 1.2446 against the loonie by 8:15 am ET, compared to Friday’s close of 1.2280. On the upside, the buck is likely to target near the 1.258 level. Read more….

US Dollar Trades Higher Versus Hong Kong Dollar (Nasdaq)

(RTTNews) – The US dollar traded higher versus its Hong Kong counterpart during Monday’s early Asian trading. At about 11:15 pm ET, the pair rose to 7.7563, compared to Friday’s closing value of 7.7546. If the US currency strengthens further, 7.757 is seen as the next upside target level. Read more….

Singapore dollar falls to 8-week low against US and Hong Kong dollars (Nasdaq)

(RTTNews) – During early Asian deals on Monday, the Singapore dollar declined to an 8-week low against the currencies of US and Hong Kong. On the other hand, the Singapore currency showed strength against the European currency and the British pound. Read more….

GBPJPY analysis – next week Feb 2nd outlook

h4 chart at market closing Price is currently already above the the daily upper trendline; which is drawn from Sept 24th to Jan 7th. Now it is testing the 130.00 resistance zone and could either break it or rebound from the it. However, the trend reversal, if any, should only be confirmed if the price [...]

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese [...]

Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX)

The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week’s trade. Read more….

Chinese Premier defends yuan policy strongly (The Malaysian Insider)

BEIJING, Jan 31 — Chinese Premier Wen Jiabao made a stout defence of his country’s currency policy, even as United States President Barack Obama’s administration sought to tone down its criticism over the yuan. Speaking in Berlin after meeting German Chancellor Angela Merkel late on Thursday, he said the yuan is “orientated towards market needs” [...]

Rouble showdown looms as Russia braces for glum 2009 (Gulf Times)

MOSCOW: Russia’s central bank vowed to defend its floor for the rouble yesterday as the currency sank to fresh record lows and its Finance Minister outlined forecasts for a year of no growth and a hefty budget shortfall. Read more….

Dollar rises against euro on eurozone data (AFP via Yahoo! News)

The dollar rose against the euro Friday after US growth figures, while sharply negative, were better than had been feared, with the single currency also hurt by eurozone employment data. Read more….

British Pound Outlook Hinges on BOE Rate Decision, Policy Statement (Daily FX via Yahoo! Finance)

The British pound was the strongest of all the majors last week, as the currency trades in a highly speculative manner and attempts to recoup the massive losses accumulated between October 2008 and January 2009. Read more….

Dollar rises vs Swiss franc in late trading (AP via Yahoo! Finance)

The dollar traded higher against the Swiss franc late Thursday night in New York. The U.S. currency was worth 1.1541 Swiss francs, up slightly from the 1.1519 francs it bought in the late afternoon. Read more….

US dollar falls to 17-day low against Hong Kong currency (Nasdaq)

(RTTNews) – During early Asian deals on Friday, the US dollar edged down against the Hong Kong currency. Read more….

Singapore dollar falls to 4-day low against US and Hong Kong counterparts (Nasdaq)

(RTTNews) – During early deals on Friday, the Singapore dollar declined to a 4-day low against its US and Hong Kong counterparts. On the other hand, the Singapore currency showed strength against the euro and the British pound. The local dollar thus reached a 4-day high versus the European currency. Read more….

Indian Rupee At 1-week Low Against Dollar (Nasdaq)

(RTTNews) – Friday, the Indian rupee opened lower against the US dollar. The dollar-rupee pair that closed yesterday’s New York session at 48.95 is presently quoted at 49.1350. This set a 1-week low for the rupee. If the Indian currency weakens further, it may test support around the 49.3 level. Read more….

Dollar higher vs Canadian dollar late Thursday (AP via Yahoo! Finance)

The dollar rose against the Canadian dollar late Thursday night in New York. The U.S. currency bought 1.2282 Canadian dollars, up from 1.2213 Thursday afternoon. Read more….

Chinese yuan climbs to 4-day high against European currency (Nasdaq)

(RTTNews) – During Friday’s early Asian deals, the Chinese yuan showed strength against the European currency. Read more….

Euro zone inflation drops to 1.1 percent in Jan. (AP via Yahoo! News)

The European Union says inflation in the countries that use the euro currency dropped to 1.1 percent in January, according to preliminary estimates. Read more….

Yen Approaches 13-Year High Versus Dollar, Rises Against Euro (Bloomberg)

Jan. 23 (Bloomberg) — The yen approached its strongest level since 1995 versus the dollar and was close to a seven-year high against the euro as concern the global slowdown will worsen spurred demand for Japan’s currency. Read more….

Yen Rises to Record as Economic Concern Spurs Demand for Haven (Bloomberg)

Jan. 23 (Bloomberg) — The yen strengthened to a record against the pound and near a seven-year high versus the euro as concern the global economic slowdown will deepen spurred investors to take refuge in Japan’s currency. Read more….

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