Stocks and Dollars

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.2695, after Fitch downgraded Greece’s credit rating by one notch, while Moody’s lowered debt ratings of 16 Spanish banks.

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.2695, after Fitch downgraded Greece’s credit rating by one notch, while Moody’s lowered debt ratings of 16 Spanish banks.

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.2695, after Fitch downgraded Greece’s credit rating by one notch, while Moody’s lowered debt ratings of 16 Spanish banks.

The aussie was sold-off during the session, after proving somewhat resilient overnight. Yet, this is not entirely surprising given the recent price action in interbank cash rate futures, which are currently pricing in a cash rate of around 2.50% by early next year. Also, equity markets are taking a hammering

The aussie was sold-off during the session, after proving somewhat resilient overnight. Yet, this is not entirely surprising given the recent price action in interbank cash rate futures, which are currently pricing in a cash rate of around 2.50% by early next year. Also, equity markets are taking a hammering

The Yen rose after industrial output in Japan climbed 1.3% (MoM) in March, compared to a revised 1.0% rise in February. Meanwhile, in the US, the Federal Reserve Bank of Philadelphia indicated that its manufacturing index dropped to -5.8 in May from the previous months reading of 8.5. Analysts had

The Canadian Dollar came under pressure after the release of unexpectedly weak economic data in the nation’s biggest trade partner, the US. In the US, the Federal Reserve Bank of Philadelphia indicated that its manufacturing index dropped to a reading of -5.8 in May. Additionally, new claims for US unemployment

In the Asian session, at GMT0300, the pair is trading at 0.9467, with the USD trading 0.06% higher from yesterday’s close. The pair is expected to find support at 0.9430, and a fall through could take it to the next support level of 0.9394. The pair is expected to find