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Forex News
Uncertainty Over Global Recovery
* Bank of Australia left interest rates on hold * Uncertainty over global economic recovery * Sterling is victim of increased risk aversion
Euro Rebounds Versus Dollar on German Confidence Report
After days of decline versus the dollar, the euro climbed against the greenback after the German economic sentiment rose at a level higher than expectations, creating speculations of a quick European economic recovery, spurring demand for the Eurozone currency....Dollar Falls Slightly as Interest Rate Speculations Grow
The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday....Brazil’s Real on Two-Weeks Low After Weak Economic Data Release
The Brazilian currency dropped to the lowest level in two weeks after weak global economic data decreased confidence among investors, attracted by safety and damping demand for commodities and emergent markets currencies....
Pound Slides on Unexpected Negative Data
Retail sales dropped in May for the first time in three months, a fact that was not predicted by analysts, weighing negatively on the pound outlook for this Thursday making it to lose ground against the greenback and the euro....
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