Forex News and Rumors

Pound Falls to Record Low Against the Euro

The pound fell to a record low against the euro after the Royal Institution of Chartered Surveyors released data indicating that real-estate agents and surveyors sold the fewest homes in the past quarter since at least 1978. More

Australian, New Zealand Dollars Fall on Poor Economic News

The Australian and New Zealand dollars recorded their largest decline in the past two weeks as corporate earnings worsened and a report showing that Australian business confidence had slumped to an all-time low. More

Yen Gains on Euro

The yen continued to gain on most of the majors today with Neil Jones, head of European hedge fund sales at Mizuho Capital Markets noting that “yen strength will continue”. More

China Sets Trade Surplus Record

China’s trade surplus rose to a record $35.2 billion for October – a 20% increase over the previous month. More

European, Asian Markets Down as Economic Worries Deepen

Markets opened lower in Asian and Eurpope on Tuesday as weak corporate news from the US dominated the headlines. In Asia, the Nikkei was down 272 points while the Hang Seng dropped 703 points; in London, the FTSE was down 70 points and the DAX had lost just over a hundred points. More

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