April 2015 FX News

Soft US economy weighs on dollar 29 Apr at 9 AM The dollar index, an indication of how the greenback is faring against a basket of other currencies, has hit its lowest level in two months. Investors are keenly watching the outcome of a policy meeting at the Federal Reserve.

The dollar has been suffering because it now looks unlikely that the US central bank will hike interest...

Sterling performing well as euro dips 23 Apr at 8 AM Positive housing data in the US has helped to support the dollar as well as boost bond yields. The dollar index, an indication of how the greenback is faring against a basket of other world currencies, extended to 98.270, a gain of 0.3 per cent. The dollar has become attractive to investors ahead of plans by the Federal Reserve to hike...

Euro up against a weaker dollar 17 Apr at 9 AM The dollar is close to its lowest level in a week against most other major currencies following disappointing economic data released by the US. The new figures make it less likely that the Federal Reserve will choose to increase interest rates in June this year as initially expected.

On Thursday the dollar index fell as low as...

Euro down slightly as dollar regains strength 8 Apr at 5 AM Gains have been made by the US dollar following last week’s disappointing non-farm payroll figures which caused the greenback to stumble. Following the Easter break, the US currency has already risen 0.6 per cent against the yen to 120.325 yen. The greenback had fallen as low as 118.71 at the end of last week because the lackluster jobs...

Euro boosted by positive signs from the eurozone 2 Apr at 5 AM The US dollar has retreated a tad following signs that the growth of the economy in the US slowed through the first quarter of the year. In March factory activity was at its lowest level in close to two years and the number of jobs added by private employers the lowest in a year.

The greenback has fallen against most of its major...

Kiwi strengthens as RBNZ hikes interest rates 24 Apr at 9 AM The New Zealand dollar has climbed to its highest level in a week after the country’s central bank pushed up interest rates and hinted that there could be more hikes to come. The Reserve Bank of New Zealand increased its cash rate from 2.75 per cent to 3.0 per cent leaving the kiwi to trade at $0.8638.

The New Zealand dollar is...

Safe haven yen drops 18 Apr at 8 AM The yen has dropped to its lowest level in 10 days as the dollar finds support from positive economic data coming out of the US and hopes that the situation in Ukraine could soon be resolved. The US dollar is currently worth 102.43 yen following a low of 101.32 yen.

US economic data appears to be recovering from this year’s...

Yen rises as risk appetite wanes 11 Apr at 8 AM The yen is close to its highest level against the dollar in four weeks. Appetite for the safe-haven currency has been boosted by a share sell off on Wall Street and a waning appetite for risk in Asia. The dollar is currently worth 101.70 yen. So far this week the yen has risen 1.66 per cent against its US rival.

Support for the...

Dollar makes gains on the yen 2 Apr at 10 AM The dollar has hit its highest level against the yen in 10 weeks as traders reveal an appetite for riskier assets. The greenback is currently worth 103.84 yen as investors gamble on China introducing measures to stimulate the economy. The euro is also benefitting and is at a three-week peak of 143.46 yen.

This week Japan pushed...

Euro slips against US dollar 24 Apr at 9 AM Weaker than anticipated economic data released by Germany has cast doubt on the overall strength of the eurozone’s economy. The threat of an interest rate cut by the European Central Bank has put pressure on the euro, which is currently at 14-day low against the US dollar.

Although better data came out of France, the shrinking...

Yen down against euro and dollar 17 Apr at 9 AM The euro and dollar have risen against the yen as demand for the Japanese currency was tempered by signs that the recent tumble in gold prices has eased. The US dollar is likely to remain weak after CPI data indicates that factory output in the US is down and consumer prices have slipped. This is likely to encourage the Federal Reserve to...

Yen drops as BoJ announces stimulus plans 10 Apr at 9 AM The yen is hovering close to a four-year low against the US dollar following last week’s announcement by the Bank of Japan that it will be introducing a campaign of monetary expansion. Although the dollar is currently holding steady at 99 yen, many analysts are expecting the US currency to break the 100 yen mark later this week.