Forex News and Rumors – Afternoon Update

US Dollar and Yen Fall Against the Euro

The US dollar and the yen both fell against the Euro today as speculation grows that central banks will introduce further interest rate cuts. More

UK Stock Gains Propel Pound

The pound gained against the dollar today – climbing to $1.4926 from $1.4884 yesterday – as European stock exchanges made significant gains. More

News Gets Worse for Detroit Automakers

General Motors’s suffered a 41 percent drop in sales in November, while Ford dropped 31 percent – Toyota and Honda fared poorly as well, dropping 34 and 32 percent respectively. More

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