- Analytics
- News and Tools
- Market News
- Forex: Tuesday’s review
Forex: Tuesday’s review
The euro rose from a eight-month low versus the dollar after Federal Reserve Chairman Ben S. Bernanke said he’s ready to take additional steps to boost the economy, increasing bets the central bank may introduce further easing.
The 17-nation currency rose for the first time in three days against the greenback on speculation that the U.S. central bank may implement a third round of quantitative easing, which would debase its currency. The euro extended its gains and higher-yielding currencies rose as U.S. stocks erased losses.
The Australian dollar declined to the least in more than a year versus the greenback after the Reserve Bank of Australia held its key rate at 4.75 percent.
The franc fell against the euro amid speculation that the Swiss National Bank may adjust the cap set last month to further weaken the currency.
EUR/USD: the pair is restored after falling.
GBP/USD: the pair is restored after three-day falling
USD/JPY: yesterday the pair is grown
During Wednesday the release of the final services PMIs from the main European states, leading up to the EMU data at 0758GMT. These
are expected to remain unrevised, although some analysts talk of upside risks following the recent manufacturing releases. This is shortly
followed at 0830GMT by the third estimate of Q2 GDP data, which is expected to remain unrevised. The third estimate of EMU Q2 GDP is also expected, at 0900GMT.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
