Forex News and Rumors – Afternoon Update

Markets Bounce on US Unemployment News

Despite early advances, Wall Street turned red today before ending on a slight positive note as markets reacted to latest unemployment news. More

Dollar and Yen Lose Ground

Both the dollar and the yen lost ground to the other major currencies today – the dollar fell one percent to 1.2670 per euro and the yen fell to 124.05 yen to the euro at 2:00 PM New York time. More

Pound Falls 1% to Euro

Investors betting that the plan by the Bank of England to print more money to follow a policy of quantitative easing will devalue the pound, forced sterling down one percent today to 89.72 pence per euro. More

Canadian Dollar Continues Losses On Rate Cut

The Canadian dollar – nicknamed the “loonie” – continued to fall to the US dollar, losing 0.6 percent in the last week. On March 3rd, the Bank of Canada cut interest rates to 0.5 percent and Governor Mark Carney suggested another cut is possible. More

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