Forex News :26.05.2015

Forex

26/5/2014 10:00 am

The euro fell to a three-month low against the dollar amid speculation gains by euro-skeptic parties in European Parliament elections will hinder central- bank efforts to bolster the region’s economic recovery.

Colombian opposition candidate Oscar Ivan Zuluaga, who threatens to halt the government’s peace talks with Marxist rebels, led the first-round of presidential elections and will face incumbent Juan Manuel Santos in a runoff.
Brazil’s real fell to a two-week low and declined for the second straight week one day after central bank President Alexandre Tombini signaled that he may ease support for the currency.
Mexico’s government cut its 2014 growth forecast after the economy recovered less than analysts estimated in the first quarter, held back by weak export demand and a tax increase that sapped consumer confidence.
Protest parties surged in Greece and France in European Parliament elections, in a sign of the anti-European mood across the economic divide opened up by the sovereign debt crisis.
Ukrainian billionaire Petro Poroshenko was set to win presidential elections, handing him the task of stemming deadly separatist violence that’s threatened to rip the former Soviet republic apart.
India’s rupee traded within 0.3 percent of an 11-month high on optimism the nation’s new government will step up efforts to revive the economy.
Colombia’s former Finance Minister Oscar Ivan Zuluaga, who opposes the government’s peace talks with Marxist rebels, led the first-round of presidential elections and will face incumbent Juan Manuel Santos in a runoff.
Volatility in the won dropped for a third day amid concern South Korean authorities will intervene to limit the currency’s appreciation.
Sweden is poised to lose the benefits of a weaker krona to dig itself out of the deepest deflationary hole in the developed world.

International Forex News : 15.04.2014

Forex News

The dollar held losses against most of its 16 major peers from yesterday on prospects Federal Reserve Chair Janet Yellen will underscore expectations that the central bank will maintain stimulatory policies.

Brazil’s real rose to a one-month high as Finance Minister Guido Mantega said the currency is back to normal after recovering losses.

Colombia’s treasury has ample ammunition to continue buying dollars alongside the central bank to weaken the peso, Finance Minister Mauricio Cardenas said.

Prices paid to American factories and service producers rose in April by the most in more than a year, indicating a diminishing risk of deflation as demand improves.

The pound fell from the strongest in 16 months against the euro as traders pushed back forecasts for when the Bank of England will raise interest rates after Governor Mark Carney said there remains slack in the economy.

South Korea’s government notes advanced, sending the 10-year yield to the lowest level in more than six months, as bets Europe will ease monetary policy drove global bonds higher.

Pound bulls still have reason to be optimistic following the Bank of England’s attempts to temper interest-rate expectations, according to banks from Bank of New York Mellon to Mizuho Bank Ltd.

The dollar fell against a basket of major peers for the first time in four days as Treasury yields declined on speculation the European Central Bank will introduce easing measures to boost the region’s economy.

Palladium futures jumped to the highest since August 2011 on concern that supplies will be disrupted in South Africa, the world’s second-largest producer. Platinum also gained.

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The New Zealand dollar dropped versus its 16 major peers after Reserve Bank Governor Graeme Wheeler said a high currency in the face of weakening fundamentals may prompt the central bank to intervene to sell it.

China’s weakening property market poses an increasing danger to local governments, threatening to strain their finances and intensify an economic slowdown.

Brazil’s real climbed from a one-month low, rising along with other emerging-market currencies, as evidence of a global economic recovery encouraged demand for higher-yielding assets.

Canada’s merchandise trade surplus unexpectedly shrank in March as exports fell for the second time in three months and imports reached a record.

Mexico’s peso climbed as reports indicating economic recovery in Europe and the U.S. spurred demand for higher-yielding assets in emerging markets.

The hryvnia fell for a second day as the death toll from violence in eastern Ukraine mounted and Russia demanded the nation postpone elections. Stocks reversed losses in Kiev.

Several of China’s largest bitcoin exchanges pulled out of a planned global conference in Beijing this coming weekend after the central bank signaled further curbs on speculative trading of the virtual currency.

The biggest gain in U.S. exports in nine months helped narrow the trade deficit in March, pointing to a revival of global demand that will help the world’s largest economy strengthen.

The case for European Central Bank action to curb the euro’s gains is getting stronger after the 18-nation currency jumped to within a half-cent of $1.40.

The dollar fell against a basket of peers to the lowest level since October as this year’s forecast increase in Treasury yields fails to materialize and reports showed improvement in Spain’s economy.

U.S. stocks fell for the third time in four days as American International Group Inc.’s profit disappointed investors and Twitter Inc. slumped. The euro and Spanish bonds gained on signs economies are strengthening.

Gold futures slid from a three-week high as signs of an improving global economy reduced the appeal of haven assets