The News Review:
- WRLD FREX: Euro Recovers From 1-Wk Low After ECB Remarks
- WRLD FREX: Dollar Easing Back After Corrective Jump
- FREX-Dollar down as Bernanke remarks weigh; c.banks eyed
- RPT-FEATURE-Small investors flock to forex trading amid crisis
- Forex Markets Choppy After BE ECB BC Decisions – What Happened?
- WRLD FREX: Bargain-Hunting Lifts Euro; More Rises Unlikely
WRLD FREX: Euro Recovers From 1-Wk Low After ECB Remarks
Wall Street Journal
–>WRLD FREX: Euro Recovers From 1-Wk Low After ECB Remarks ArticleCommentsmore in. Mixed signals in remarks by European Central Bank President Jean Claude Trichet after the bank left interest rates unchanged at 1. 0% have left the common currency little changed on the day. Trichet stressed that euro zone policy makers are already thinking about exit strategies from easing mode. He also said that the ECB isn’t considering expanding its EUR60 billion covered bond purchase program or any other non-standard easing measures.
WRLD FREX: Dollar Easing Back After Corrective Jump
Wall Street Journal
–>WRLD FREX: Dollar Easing Back After Corrective Jump ArticleCommentsmore in. Reassurances from Asian monetary officials about the dollar’s continuing role as a reserve currency had helped to push the dollar up Wednesday after its recent losing streak. Federal Reserve chairman Ben Bernanke about the need for fiscal discipline had also given the.
FREX-Dollar down as Bernanke remarks weigh; c.banks eyed
Reuters
Changesbyline and dateline. Previous: TKY) By Jamie McGeever LNDN June 4 (Reuters) – The dollar weakened on Thursdayas remarks by Federal Reserve Chairman Ben Bernanke on fiscaldeficits the previous day encouraged dealers to push thecurrency back down toward the lowest levels of the year. The resumption of dollar selling eclipsed the more positivetone generated before Bernanke’s comments on Wednesday afterseveral Asian central banks reiterated their backing for thedollar as a reserve currency and Treasury notes as a primeinvestment. [ID:nSP412010] While Bernanke said he expected the U. recession to endlater this year he warned that failure to ensure long-termfiscal sustainability would mean there would be “neitherfinancial stability nor healthy economic growth.
RPT-FEATURE-Small investors flock to forex trading amid crisis
Reuters
2 trillion in daily volume the foreignexchange market is the most liquid market in the world. And unlike stock traders who often face rules on short-selling– or betting that share prices will fall — forex investorsare free to go long or short since currencies are traded inpairs. The investor is always buying one and selling another. “Retail investors around the world particularly incountries where you have more controls over the equity marketsare definitely turning to FX” said Betsy Waters globaldirector of dbFX. com the retail currency trading platform ofGermany’s Deutsche Bank (.
Related from Rizzicreations: Falling Auto Industry
Forex Markets Choppy After BE ECB BC Decisions – What Happened?
Daily FX
3965 (MIDDAY SNAPSHT)May 26 -. Bank of England – The BE left rates at 0. 50 percent once again as expected and comments within the central bank’s policy statement was straight-forward. Indeed the statement simply reiterated that the Monetary Policy Committee (MPC) would its £125 billion asset purchase program to be financed by the issuance of central bank reserves. The MPC also said that it will take another two months to complete the program and its scale will be “kept under review.
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WRLD FREX: Bargain-Hunting Lifts Euro; More Rises Unlikely
Wall Street Journal
–>WRLD FREX: Bargain-Hunting Lifts Euro; More Rises Unlikely ArticleCommentsmore in. Some players sold the dollar for the euro in reaction to a Wall Street Journal story saying that Malaysia and China are considering phasing out the use of the dollar as their trade settlement currency some dealers.