| Euro Strength at Risk Ahead of Stress Tests, Dow Jones Reversal (DailyFX) Euro Strength at Risk Ahead of Stress Tests, Dow Jones Reversal Fundamental Outlook for Euro: Neutral - Euro hits fresh monthly high on fundamental momentum - Successful Spanish bond auction bolsters Euro sentiment - Forex options sentiment generally favors further Euro strength The Euro finished the week considerably higher against the US Dollar, fueled by a wave of renewed optimism and solid fundamental economic data out of the single currency zone. finance.yahoo.com |
Eurozone inflation hits 20-month high (at Financial Times) Eurozone inflation has risen to a 20-month high while unemployment in the 16-country region has stabilised at 10 per cent of the workforce, but the European Central Bank is still expected at next week s interest rate setting meeting to sit firmly on its hands. us.rd.yahoo.com |
Swiss franc extends losses, euro up 1 pct on day [at Reuters] - The euro rose 1 percent on the day against the Swiss franc on Friday as the Swiss currency came under broad selling pressure due to a rise in risk appetite. us.rd.yahoo.com |
Japan suspected of yen intervention, doubts arise [Reuters] - A sudden slide in the yen against the dollar on Friday stirred suspicions Japanese authorities intervened for a second time this month to try to prevent the currency s strength from worsening a faltering recovery. finance.yahoo.com |
Central Bank Watch: Forex Markets Watch Fed, Bank of Japan, ECB’s Next Moves Announcements from the US Federal Reserve, European Central Bank, and Bank of Japan have led to substantial volatility across forex markets. Rhetoric from the US Fed has been particularly market-moving, as the US Dollar fell sharply on suggestions that the Fed would renew efforts at Quantitative Easing. finance.yahoo.com |