AUD/JPY: Aussie Loses Ground as Trade Deficit Widens

The AUDJPY’s easing from a 40-month high is deemed to continue today as a larger than expected trade deficit in Australia is seen to weigh on the Australian dollar. The trade deficit in the Land Down Under widened more than economists forecast in November as stronger imports of transport equipment outpaced higher exports for iron ore.

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AUD/JPY: Aussie Up as RBA Minutes Show No Signs of Another Rate Cut

The Australian dollar is believed to maintain its strength opposite the Japanese yen today as the Reserve Bank of Australia did not provide fresh hints of further rate

Greece’s Budget Problems Pushes Euro to 5-Month Low

The U.S. Dollar is continuing to push toward new highs at the mid-session against most major currencies as investors seek refuge in lower-yielding currencies following the announcement by

U.S. Dollar Trading Weaker after Volatile Overnight Session

The U.S. Dollar is trading weaker overnight following a volatile trade. The initial move in the Dollar was to the upside as Germany announced that its economy

Faltering Stock Markets Fuels Turnaround in Dollar

The inability of the U.S. stock market to hold on to overnight gains fueled a turnaround in the Dollar which erased gains in the Euro and British Pound.

Dollar’s Rise May Be Indication of Improved U.S. Payrolls

The U.S. Dollar is holding on to its early morning gains at the mid-session. This morning’s weekly initial claims report showed that fewer workers filed for unemployment benefits

Housing Report Weakens USD JPY

The USD JPY broke sharply this morning following the release of a housing report which showed the number of contracts to buy previously owned U.S. homes fell in

Profit-Takers Hit Dollar after Chicago PMI Surge

The U.S. opened higher after global equity markets weakened after a drop in demand for higher risk assets. The U.S. opened higher after global equity markets weakened after

Housing Report Drives Dollar to Three-Month High

The U.S. Dollar added to its earlier gains following the release of a better than expected existing home sales report. The U.S. Dollar added to its earlier

U.S. Dollar Camping on Three-Month High

The U.S. Dollar reached a three-month high this morning following a strong surge fueled by the S&P Corp.’s downgrade of Greece’s credit rating. The U.S. Dollar reached