Forex trading mixed for the U.S. dollarThe U.S. dollar is down agains the euro and the U.K. pound in currency trading on the FX market this morning. As equities stablize around the world, economies and currencies likewise balance out. Forbes reports on why the euro and the pound are gaining on the U.S. dollar on the FX market:
The euro and the pound were both higher against the U.S. dollar on Wednesday as global stock markets remained stable in spite of a worldwide credit crunch.
Forex trading for the U.S. dollar is a di (more…)
Currency trading on the FX marketMany currencies are making up lost ground as risk appetite returns to the currency market. The U.S. dollar is mixed in forex trading. The International Herald Tribune reports on currency trading on the FX market:
The euro was quoted at US$1.3569, up from US$1.3536 late Wednesday in New York.
Other dollar rates:
_116.44 Japanese yen, up from 115.06
_1.2087 Swiss francs, up from 1.2071
_1.0539 Canadian dollars, down from 1.0621
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U.S. dollar down in currency tradingThe U.S. dollar is down in currency trading on the forex market today ahead of U.S. home sales data. The data is expeceted to show that home sales are down for July — to the lowest they’ve been in seven years. This is renewing fears about the U.S. mortgage market, and hurting the U.S. dollar in forex trading. Bloomberg reports on the U.S. dollar and the FX market:
“Weak U.S. home sales data could again spark concerns over the U.S. mortgage market,'’ said Carsten Fritsch, a currency strategist at Commerzbank AG in Fra (more…)
Japanese yen falls against other currencies in forex tradingThe Japanese yen is moving lower today in forex trading as other currencies recover, thanks to help from stocks. The forex market is full of high-yielding currencies rebounding in currency trading as risk appetite becomes more pronounced. Reuters reports on the Japanese yen in forex trading:
The dollar regained a footing above 115 yen and the euro jumped back above 155 yen, while willingness to take on risk again saw the high-yielding Australian and New Zealand dollars rebound back above $0.80 a (more…)
