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Forex News – Euro surges after global central banks act to prevent liquidity crunch

Posted on November 30, 2011 2:24 pm GMT

Euro surged around 220 pips against the dollar late in the European session after an announcement by major central banks that they are taking coordinated action to increase liquidity in the financial system as the European debt crisis continues to […]

Forex News – US dollar up after good home sales data

Posted on October 26, 2011 4:31 pm GMT

The US Dollar got a much needed boost after positive economic data showed new home sales rose in September higher than forecast.
Figures released by the US Department of Commerce showed that Americans bought 313,000 homes, which is equal to an […]

Forex News – Dollar drops to record low against yen

Posted on October 21, 2011 1:47 pm GMT

The dollar fell to a record low against the yen on Friday after breaking through stop loss and options barriers, with traders reporting initial large selling of dollars.
USDJPY has been trading in a range all week and remained above key […]