Posts Tagged ‘US Federal Reserve’
Currency Articles - August 19, 2011 22:51
US Dollar Makes New Low against the Japanese Yen
The US dollar weakened on Friday versus its major counterparts and made its new low against the Japanese Yen. Disappointing US economic indicators made heavy negative impact on stock markets and bond yields and further raised speculation that whether the US Federal Reserve will opt for another round of quantitative easing to boost the economy. […]
Gold Futures Reach Record Levels on US Monetary Policy
Gold futures reached their record levels on Tuesday as US dollar weakened in reaction to latest Federal Reserve’s meeting. The US Federal Reserve’s Open Market Committee decided not to change the interest rates due to sluggish economic growth. This resulted in shift of focus to safe haven investments such as gold. Gold futures contract for […]
Weekly Outlook: Currencies
List of major events that could affect the forex markets for the week ended June 24th, 2011 are as follows:- Today report on house price inflation is to be published in United Kingdom while in euro zone finance ministers have met in Brussels to decide on the new aid package for Greece. Germany also reported […]
The US Dollar Declines on Tuesday on Remarks of Bernanke
The dollar remained under pressure on Tuesday after the public address of Federal Reserve’s Chairman Ben Bernanke. The dollar index DXY which measures the US dollar’s performance against its six major rival currencies declined to 73.528 on Tuesday as compared to 73.981 on Monday’s North American trading session. Bernanke admitted that the economy is sluggish […]
The Greenback faces Correction Versus the Swiss Franc on Consumer Price Inflation Data
The US dollar declined further against the Swiss franc after the release of US consumer price inflation data, according to which the core consumer price inflation increased more rapidly in the month of January as compared to any other month in the last year. However experts were of the opinion that high consumer price inflation […]
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