Forex News | Currency News by Forexlive

• Share losses accelerate during US afternoon despite upbeat US economic data
• US personal income falls 0.1%, spending rises 0.2%; core PCE 1.6% y/y
• Chicago PMI jumps to 60.4 from 56.5; exp 55.5
• University of Michigan consumer sentiment index 59.4 versus exp 57.8
• Austria approves EFSF expansion
• USD share of global reserves falls to 60.2% in Q2; EUR share rose to 26.7%
• High level talks in Berlin October 6 to set stage for G20 meeting
• Fed’s Bullard: Fed can never run out of Ammo, has potent tools, including QE
• Slovak PM: Still does not have the votes of coalition partner to pass EFSF
• Sarkozy: Europe is a family; has a duty to support Greece
• Rumors public sector involvement in Greece will rise from 21% to 75%; European banks trashed on speculation
• Buffett says has been approached by European banks for funding but has no interest
• Late rumors in NY ECB to cut 50 bp next week
• S&P falls 2.5% to 1131
• US 10-year note falls 9 bp i yield to 1.91%
• CRB index falls 2.6%; WTI falls 3.5%; copper falls 3.9%

Another day of mass risk aversion as European banks and now Morgan Stanley drawn into the firing line. Very upbeat Chicago PMI data could not spark any sort of risk rebound and shares fell throughout the day, ending on there lows. Same story for EUR/USD. It closes below the 50% retracement of the 1.1875/1.4940 rally that has played out over the last 2-odd years.

USD/JPY closes above 77.00 on demand for the US dollar index. Exporter offers at 77.20 capped rallies.

Cable rallied as high as 1.5655 in thin month-end trade after the EU made a payment to UK farmers today, more than offsetting the traditional month-end GBP sales.

The SNB was spotted on the bid in EUR/CHF today after a quick plunge to the 1.2125 area.

Commodity currencies close flat on their backs as USD/CAD approaches 1.05 and AUD slides to 0.9670.

Have a restful weekend, y’all.

We’ve probed below this level twice this week but have not been able to close below the 50% retracement of the 1.18/1.49 range in place over the last two years…

Net dollar longs on the CME are the largest since June 2010…

But he’s pretending he’s not home...Good move, Warren.

Anything that bring’s Europe’s sovereign/banking crisis back into the spotlight tends to send EUR/USD plunging.

1.3405 the low so far in thin-month-end trade.

Iconic camera and film manufacturer Kodak may seek bankruptcy protection, Bloomberg reports.

You guys have donated $1800 to the BuddyWalk in the last 24-hours and a total of $2600. We’re almost half way to last-years total and 1/4 of the way to the goal of $10,000. No donation is too small.

This month there are 130,000 of you out there reading the site. Just a dollar is all I ask…

We tested the 1.3414 level posted at the 15:00 GMT fixing and so far we’re holding.

Risk-aversion is on the rise once again with the CRB down over 2.5% and the S&P is down 1.7%.

The deficit was 9.8% rather than the previously reported 9.1% after including Madeira’s hidden debt, according to Bloomberg.

The government is aiming for a deficit of 5.9% this year…

EUR/USD continues to slide after holding the 1.3560 area. 1.3514 was the earlier low.

Here, from the NY Fed…

Also on the wires, Spanish PM Zapatero says Spain’s credibility in the markets is a top priority for Spain.

Stocks are taking a turn for the worse late in the day, with the S&P down 1.4%. EUR/USD is following, now at 1.3438 after stalling repeatedly around 1..3460.

• 1
• 2
• 3
• 4
• 5
• ...
• 305
• >