Risk appetite and general sentiment improves – EURUSD pushes higher.

Risk appetite improved throughout yesterday, pushing EURUSD higher. Overnight EURUSD traded in the range 1.2955-1.3048 booking a 0.6% gain and USDJPY was range-bound between 89.33 and 89.68 – down by 0.1%. The dollar was weaker on a whole, declining against 7 of the 10 most traded currencies. The general improvement in sentiment had been building [...]

Pound Declines Against Euro on Speculation Slump Deepening (Bloomberg)

Feb. 3 (Bloomberg) — The pound dropped against the euro for a second day on speculation economic reports this week will add to evidence the Bank of England needs to cut interest rates further to revive growth. Read more….

Euro Crosses: Rallies Could Accelerate (Daily FX via Yahoo! Finance)

-euro / British Pound resistance begins at .9155 -EURCHF and EURCAD appear most bullish -EURAUD and EURNZD could correct significantly lower before resuming uptrends Read more….

Swiss franc shows mixed trading against majors (Nasdaq)

(RTTNews) – Tuesday, the Swiss franc showed weakness against the US dollar and the Japanese yen. On the other hand, the franc reversed its Asian session’s downtrend against the European currency and the British pound. The franc thus recovered from a 4-day low against the euro. Read more….

Singapore Dollar Climbs To 4-Day High Versus US And Hong Kong Dollars (Nasdaq)

(RTTNews) – The Singapore dollar climbed to a 4-day high against the currencies of US and Hong Kong during Tuesday’s early session. The Singapore currency also advanced against the pound, but pared the early Asian session gains against the euro. Read more….

Canadian Dollar Drops To 6-Day Low Versus Euro (Nasdaq)

(RTTNews) – The Canadian dollar has been weakening against its most major rivals during Tuesday’s early session. Read more….

Chinese yuan slides to 4-day low against euro (Nasdaq)

(RTTNews) – The Chinese yuan traded down against the European currency during early Asian deals on Tuesday. At 11:10 pm ET, the yuan declined to a 4-day low of 8.8353 against the euro, compared to 8.7983 hit late New York Monday. Read more….

Rouble firms at 36.1290/dlr, 46.4396/euro (Reuters via Yahoo! Malaysia News)

MOSCOW, Feb 3 (Reuters) – The Russian rouble firmed in early official trade on Tuesday to a weighted average for tomorrow settlement of 36.1290 per dollar compared with 36.1767 the previous session. Read more….

U.K. Pound Declines Against Euro on Speculation Slump Deepening (Bloomberg)

Feb. 3 (Bloomberg) — The pound dropped against the euro for a second day on speculation economic reports this week will add to evidence the Bank of England needs to cut interest rates further to revive growth. Read more….

Forint Slumps to Record on Recession, Breaks 300 Versus Euro (Bloomberg)

Feb. 3 (Bloomberg) — The Hungarian forint tumbled to a record low against the euro as the trade surplus shrank, fueling concern the economic slowdown will worsen. Read more….

Dollar, Yen Rise as Economy Stokes Haven Demand; Pound Tumbles (Bloomberg)

Feb. 2 (Bloomberg) — The dollar rose to an eight-week high against the euro and the yen advanced as the deepening economic slowdown stoked haven demand for the currencies. Read more….

Canadian Dollar Slides To 1-week Low Against Yen (Nasdaq)

(RTTNews) – Monday, the Canadian dollar edged down against the currencies of US, Europe and Japan. The loonie thus fell to a 1-week low against the yen. Meanwhile, the loonie eased from a new multi-month high against the aussie. Read more….

Chinese Yuan Edges Up To New Multi-Week High Versus Euro (Nasdaq)

(RTTNews) – In early trading on Monday, the Chinese yuan edged up against its European counterpart. 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….

Australian Dollar Extends Downtrend Against Majors (Nasdaq)

(RTTNews) – During early European deals on Monday, the Australian dollar extended its Asian session’s loss against other major currencies. The aussie slumped to new multi-month lows against the greenback, the yen and the loonie. Read more….

Euro slips as dealers bet on ECB rate cut (AFP via Yahoo! News)

The euro dipped against the dollar on Monday as traders bet that the European Central Bank would cut interest rates later this week in a bid to boost ailing eurozone economies, analysts said. Read more….

Euro manufacturing shrinks, Korean exports slump (Reuters via Yahoo! News)

Euro zone manufacturing business shrank at a slightly slower pace in January while factory prices tumbled at their fastest rate in at least six years, a survey showed on Monday, leaving scope for further interest rate cuts. Read more….

Pound Will Weaken Against Dollar and Euro, JPMorgan Report Says (Bloomberg)

Feb. 2 (Bloomberg) — The British pound will weaken against the euro and the dollar over the next five months as the government increases borrowing to kickstart economic growth, according to JPMorgan Chase & Co. Read more….

UPDATE 4-Russia heads for forex showdown as rouble slips (The Forex Market)

MOSCOW, Feb 2 (Reuters) – The Russian rouble hit fresh lows versus a euro-dollar basket on Monday, coming within half a percent of the trading boundary where a showdown is expected between speculators and the central bank. Read more….

Rouble fixes at 36.1767/dlr, 46.0934/euro (Reuters via Yahoo! Philippines News)

MOSCOW, Feb 2 (Reuters) – The Russian rouble weakened in early official trade on Monday to a weighted average for tomorrow settlement of 36.1767 per dollar compared with 35.4146 the previous session. Read more….

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