Forex News
Commodity Currencies Rise Amid Risk Appetite
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday amid risk appetite, following the broadly positive cues from Wall Street overnight, as traders across most markets are picking up stocks at a bargain after the recent strong sell-off amid fears about the world's largest economy slipping into recession.
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142 days ago
Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Wednesday.
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142 days ago
NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Wednesday.
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142 days ago
China's Exports Rise Less Than Forecast; Imports Rebound
China's exports grew less than expected at the start of the third quarter, while imports rebounded on domestic demand, official data showed Wednesday. Exports posted an annual growth of 7.0 percent in July, the customs data revealed. This was weaker than the forecast of 9.7 percent and followed an 8.6 percent expansion in June.
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142 days ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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142 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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142 days ago
European Shares Set To Follow Asian Peers Higher
European stocks may open on a positive note Wednesday as U.S. recession worries eased and the Bank of Japan played down the chances of a near-term rate hike, triggering a sharp fall in the yen.
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142 days ago
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European Economic News Preview: Germany Industrial Output, Foreign Trade Data Due
Industrial production and foreign trade reports from Germany are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial output and external trade figures for June. Production is forecast to advance 1.0 percent on month, reversing a 2.5 percent fall in May.
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142 days ago
Sensex, Nifty Climb As Global Markets Recover From Rout
Indian shares opened on a buoyant note Wednesday as a measure of calm returned to global markets and the government offered relief on long-term capital gains tax for immovable property.
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142 days ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as traders across most markets are picking up stocks at a bargain after the recent strong sell-off amid fears about the world's largest economy slipping into recession. Asian markets closed mostly higher on Tuesday.
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142 days ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Wednesday, giving up some of the strong gains in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling to be a tad above the 34,000 mark, with traders picking up stocks at a bargain after that recent sell-off.
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142 days ago
Sensex, Nifty Poised For Higher Open As Calm Returns To Wall Street
Indian shares look set to open a tad higher on Wednesday as a measure of calm returned to global markets and the government offered relief on long-term capital gains tax for immovable property, by giving taxpayers the option to choose between two tax rates.
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142 days ago
Thai Stock Market May Stop The Bleeding On Wednesday
The Thai stock market has tracked lower in three straight sessions, slumping almost 50 points or 3.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,275-point plateau although it's due for support on Wednesday.
The global forecast for the Asian markets is cautiously optimistic after recent volatility, with bargain hunting expected. The European markets were mixed and the U.S. bourses were higher and the Asian markets figure to split the difference.
The SET finished barely lower on Tuesday as losses from the financials, industrials and properties were mitigated by support from the food, resource and technology sectors.
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142 days ago
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