Gainpips.com Euro Looks for More GainsWall Street JournalBy ANUSHA SHRIVASTAVA NEW YORK—The dollar faces a rocky week as foreign-exchange markets focus on the monthly US employment report, a European Union meeting and details of a Greek bond restructuring. Already, the US currency is on the back foot after …CURRENCY NEWS: Euro Falls Against US Dollar [...]
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Forget China. Will the Trade Enforcement Unit be a Currency Manipulator?ForbesOne task of this new unit will be to push China to increase the value of its currency. This is not a new task, but it might be helpful that the unit is focused also on the encouragement of greater trade freedom and protection of [...]
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Commitment of Traders and Other FlowsBusiness InsiderIn the post last week that looked at the Commitment of Traders report for the currency futures we reminded investors that when trading futures one has to declare whether one is commercial (has underlying business exposures) or a non-commercial (which … {fcurrency trading} – Forex News
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Wall Street Journal For Traders, It's All in the TimingWall Street JournalBy MARTIN VAUGHAN AP A currency trader sends a signal at the foreign-exchange dealing room of the Korea Exchange Bank in Seoul last September. SINGAPORE—Forget the latest news on Europe's sovereign-debt woes or even global economic data. {fcurrency trading} – Forex News Incoming search [...]
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Boston.com P&G Cuts Full-Year Profit Forecast on Unfavorable Currency Exchange RatesBloomberg(KMB), which also this week projected full-year earnings that trailed analysts' estimates, citing a foreign currency “headwind” and difficult economic conditions. Household-products makers are facing lower birthrates and US consumers pinched by a …Procter & Gamble lowers forecast due to currencyMontreal GazetteProcter & Gamble lowers [...]
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Moneycontrol.com Traders Predict Shift in Dollar's Decline Against YenWall Street JournalThe dollar was at ¥77.61 midmorning in New York, up only marginally from the postwar low of ¥75.31 hit Oct. 31, despite Japan's record sales of yen in the currency market in recent months and Japanese executives loudly decrying the exchange rate as out …Euro [...]
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Bloomberg Morgan Stanley Currency-Trading Head Stephen Mettler Leaves BankBusinessWeek26 (Bloomberg) — Stephen Mettler, who oversaw Morgan Stanley's interest rates and foreign-exchange trading businesses, has left the bank. Mettler, who joined the firm in 1997, retired, according to an internal memo obtained by Bloomberg News.Morgan Stanley Forex Executive RetiringWall Street Journal (blog)Morgan Stanley's Mettler, Head of [...]
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CNBC.com Japan Trade Deficit Hits YenWall Street JournalThe Japanese currency has traded at historically strong levels for months, and was one of the best performers last year. Investors have piled into the yen as a shelter from the euro-zone crisis, which has whipsawed the euro and many emerging-market …FOREX-Yen at 1-mo lows as Japan posts [...]
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Kansas City Star FOREX-Yen at 1-mo lows as Japan posts rare trade deficitReutersThe single currency was last trading at .2990, off a session high of .3052 struck immediately after the German IFO survey was released and 0.2 percent lower on the day. It struck a three-week peak of .3063 on Tuesday, with decent resistance seen [...]
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Currency Rally Fades in Overnight TradingDaily Reckoning – American EditionYesterday, I told you that India and Iran had signed currency swap agreements on their trade of oil to remove the use of US dollars… Then I saw a story that said that India was going to pay Iran for their oil in gold… Now, that's [...]
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