forex breaking news

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Forex Breaking News – Lucas Papademos to become new Prime Minister of Greece

Posted on November 10, 2011 12:38 pm GMT

After four days of talks on who to appoint as new Prime Minister of Greece, Lucas Papademos has been chosen to replace outgoing George Papandreou.
The former ECB vice president and central bank of Greece governor will be sworn in on […]

Forex Breaking News – Italy’s 10-year bond yield passes 7 percent

Posted on November 9, 2011 10:40 am GMT

Italy’s 10-year bond yield passed the critical 7 percent mark this morning. This 7 percent level is regarded as an important level as beyond this Eurozone countries have tended to head very quickly into dangerous territory meaning “requiring a bailout”.
The […]

Forex Breaking News – Dollar hits new record low against yen

Posted on October 26, 2011 10:16 am GMT

Dollar hit a new record low against yen, falling to 75.70 at 10:03GMT, breaking past yesterday’s low of 75.73.
Investors selling off the US dollar on speculation that the Federal Reserve will opt for more monetary easing. Also demand for […]