Kiwi and Aussie fall as U.S. dollar rises in forex tradingAs the fortunes of the U.S. dollar rise in forex trading, the currencies from "down under" are taking a beating in currency trading on the FX market. The kiwi and the Aussie are dropping as speculation based on a yen carry trade has not panned out. FXStreet.com reports on the dropping currencies in forex trading:
OzForex corporate dealer Alex Nicholas said the high interest rate Australian and New Zealand currencies took a battering overnight as the US dollar regained strength despite the (more…)
The U.K. pound inconsistent in currency tradingThe U.K. pound is mixed in forex trading this morning as it falls against the euro and pares gains against the U.S. dollar and the Japanese yen. The sterling is showing choppiness in currency trading on the FX market as economic data from the U.S. is expected, and uncertainty regarding the U.K. housing market begins to make itself know. RTTNews reports on the U.K. pound in forex trading:
The sterling fell sharply against the euro Tuesday morning in New York, dropping to a one-week low of .6794 after moving ne (more…)
Yen up against U.S. dollar, euro in currency trading on the FX marketThe Japanese yen is gaining today in forex trading on the currency market as the currency benefits from comments made by former Federal Reserve chair Alan Greenspan regarding a possible drop in Chinese stocks. The yen is gaining against the U.S. dollar and the euro in currency trading on the FX market, and it is also gaining against other higher-yielding emerging market currencies. Bloomberg reports on the success of the Japanese yen today in forex trading:
The currency rose to as high a (more…)
Asian equities bring Australian and New Zealand dollars down on FX market
The Aussie and the kiwi are struggling in currency trading on the FX market today as Asian equities help bring the currencies to their weakest this month. It is even possible that the Australian and New Zealand dollars could head still lower in forex trading on the currency market. Bloomberg reports on the two "down under" currencies on the FX market:
“I wouldn’t be surprised if the Australian and New Zealand dollars decline further,'’ said Robert Renni (more…)
