Forex News and Rumors – Afternoon Update

US Treasuries Gain on Increased Demand

Treasuries rose today on increased demand as the government concluded its third auction for the week. More

Pound Loses Ground to Dollar, Euro

London’s FTSE 100 Index shed 1.6 percent today pulling the pound down to $1.6329 US dollars and 58.32 pence to the euro. More

Positive Earnings Reports Lifts Wall Street

Better-than-expected earnings from several key retail stocks helped lift the Dow Jones Industrial Average 180 points (2.2 percent) by 2:00 PM in New York today. More

Yen Falls on Yield Concerns

The yen fell against most of the major currencies today as investor appetite turned to currencies exected to offer higher-yields. More

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