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The dollar fell against the Japanese yen while rising against the euro Thursday, with foreign-exchange traders playing off the European Central Bank's decision to leave interest rates unchanged and the Bank of England's move to boost its quantitative-easing program.
Nov. 10 (Bloomberg) -- The euro may fall to an eight-week low against the British pound should it drop below so-called support at 89.06 pence, said Pak Lai Ng , a technical analyst at Forecast Pte in Singapore, citing trading patterns.
Nov. 9 (Bloomberg) -- The euro may extend gains after the International Monetary Fund signaled the dollar is overvalued and as data indicates Europe’s economy is recovering, Westpac Banking Corp. said.
(RTTNews) - The Canadian dollar rallied against the Japanese yen in early trading on Tuesday mainly due to across the board weakening of the latter.
Nov. 5 (Bloomberg) -- The yen and the dollar rose against the euro as concerns the global economic recovery will falter drove down Asian stocks, boosting demand for the two currencies as a refuge.
The euro was lower against the dollar Thursday though investors expected the European Central Bank to hold its main interest rate unchanged at 1 percent when it meets later Thursday, which should lend support to the euro.
(RTTNews) - The euro advanced against the yen after touching a low of 134.29 at 3:10 am ET Tuesday. As of now, the euro-yen pair is trading at a 4-day high of 135.12 with 135.75 seen as the next target level. At yesterday's close, the pair was quoted at 134.89.
The British pound surged to a high of 1.6614 against the greenback following the Bank of England interest rate decision as the central bank increased its asset purchase program to GBP 200B from GBP 175B in the previous month amid forecasts for an expansion to GBP 225B, and the currency may continue to appreciate over the coming months as policy makers hold a hawkish outlook for inflation.
(RTTNews) - The US dollar edged higher against the European currency, the British pound and the Swiss franc during early deals on Thursday. Currently, the dollar is trading at 1.4826 against the euro, 1.6483 versus the pound and 1.0189 against the franc.
(RTTNews) - The UK currency climbed to a near 2-month high against the US dollar and a 5-day high against the currencies of Japan, Europe and Switzerland during Monday's Asian trading.
(RTTNews) - The Australian dollar weakened against its major counterparts during Tuesday's early Asian trading despite an economic report that said the nation's business conditions and confidence rose in October. The Aussie thus fell from new multi-week highs against the US dollar and yen.
(RTTNews) - The Japanese yen plunged further against major opponents in New York afternoon trading on Thursday. At present, the yen is trading near 89.34 against the Swiss franc, 90.80 against the US dollar, 150.61 versus the British pound and 135.03 versus the euro.
Nov. 10 (Bloomberg) -- Asian stocks rose for a third day and the region’s currencies gained as economic reports signaled stimulus measures endorsed by the Group of 20 leaders are reviving global growth.
(RTTNews) - The dollar tumbled versus the yen on Friday as renewed pessimism about the global economy in the wake of a troubling report on the US jobs situation fueled a move from riskier currencies to the safe haven yen.
(RTTNews) - The US currency extended morning session's downtrend against the euro and the Swiss franc during New York afternoon trading on Wednesday.
(RTTNews) - The Japanese yen staged a sharp spike against its UK, European and Swiss counterparts by about 12:05 am ET Tuesday. As of now, the yen is trading at 149.66 against the pound, 89.00 against the franc and 134.48 against the euro.
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