FOREX-Dollar falls to 6-week low vs yen on payroll shock

The News Review:

- FOREX-Dollar falls to 6-week low vs yen on payroll shock
- FOREX-Euro gains pound off lows after big rate cuts
- BESTDirect eSignal Integration Advances Online Futures and Forex …
- FOREX-Euro falls vs dlr; weak US jobs data expected
- Brazil central bank sells $314.6 mln in forex swaps
- Citic Pacific Raises Loss on Forex Bet

FOREX-Dollar falls to 6-week low vs yen on payroll shock
Reuters 
payrolls data show steepest fall in 34 years * Dollar falls to 6-week low vs yen but rises vs euro * Markets fully price another half-point rate cut * For up-to-the-minute market news click on FXNEWS (Recasts updates prices adds quotes changes bylinedateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK Dec 5 (Reuters) – The dollar fell to a six-weeklow against the yen on Friday after government data showed theU. economy lost more than half a million jobs in Novemberthe worst performance in 34 years. The dollar however rose against the euro as investorsagain sought shelter in the U.

FOREX-Euro gains pound off lows after big rate cuts
Reuters 
The Bank of England cut its benchmark rate by 100 basispoints to 2 percent the lowest level since 1951 and saidfurther steps would be required to prevent a credit squeezetipping Britain’s economy into deep recession. “It comes back to the theme of proactive rate cuts are seento be beneficial for the longer-term economic outlook” saidBrian Dolan chief currency strategist at Forex. com inBedminster New Jersey. “Had they done only 50 you probably would see the eurounder pressure more than it is” Dolan said of the ECB. Midway through the New York session the euro was up 0.

BESTDirect eSignal Integration Advances Online Futures and Forex …
MarketWatch 
This new product combines the direct exchange order routing capabilities of PFGBEST. com with the advanced charting and analytics of eSignal a leading provider of affordable reliable real-time financial market information and professional-level tools including advanced charting. It also enhances a customer’s trading by streaming dealable forex quotes from PFGBEST. com for use in eSignal charts.

FOREX-Euro falls vs dlr; weak US jobs data expected
Reuters 
S non-farm payroll data * Weak payrolls may spur risk aversion further boosting dlr (Changes byline adds comment updates throughout) By Harpreet Bhal LONDON Dec 5 (Reuters) – The euro fell against the dollaron Friday on growing risk aversion ahead of U. employmentfigures which are expected to show a sharp decline as theglobal economic downturn intensifies. The euro was on the back foot after German Octobermanufacturing orders posted a surprising fall of 6. 1 percent onthe month while falling share prices in Europe alsoweighed on the single currency.

Brazil central bank sells $314.6 mln in forex swaps
Reuters 
6 mln in forex swaps| Markets| Bonds News| Reuters. 6 million in dollar swaps in an auction on Thursdayas part of an ongoing effort to add liquidity to the foreignexchange market.
Related from Auctionsmonster: Brazil sells $1.4 bln in 2nd currency swap auction

Citic Pacific Raises Loss on Forex Bet
Wall Street Journal 
–>Citic Pacific Raises Loss on Forex Bet ArticleCommentsmore in Asia » HONG KONG — Citic Pacific Ltd. disclosed larger losses than estimated from its foreign-exchange contracts due to the weakness of the Australian dollar. Citic Pacific said its realized and potential losses from unauthorized foreign-exchange contracts had risen to a total of 18. 6 billion Hong Kong dollars (US$2. 4 billion) as of Nov.

Add A Comment

© 2005-2010 Forex News