ArchiveMay 2010This is an archive of news reports related to Dollar, Euro, Pound and Yen Forex trading for May, 2010. Headlines - Monday 31 May, 2010 Trichet Says Emerging Nations Are Source of Strength Canadian Currency Appreciates as GDP Rises Most in a Decade Dollar Funding Costs Slip in Asia as Currency Markets Stabilize Euro Falls for Sixth Month on Europe’s Sovereign-Debt Struggles South Korea Urges Central Banks to Adopt Currency-Swap System Forex Trading News summary provided by Yen Forex Trading. Headlines - Friday 28 May, 2010 Citigroup Sees Buying Opportunities Soon for ‘Risky’ Currencies Euro Shorts ‘Risk-Reward’ Now Unfavorable: Technical Analysis RBS Dollar Borrowing Costs 25% Above Rivals as Libor Rates Soar Morgan Stanley Raises Dollar Call as ECB Undermined Euro Rises a 2nd Day on Speculation Traders Exiting Short Bets Forex Trading News summary provided by Yen Forex Trading. Headlines - Thursday 27 May, 2010 Euro Is ‘Our Common Destiny,’ Gonzalez-Paramo Tells Expansion Pound Snaps Three-Day Drop Versus Dollar as Risk Aversion Wanes Euro ‘Not in Danger’ After Slide, Ex-Bundesbank President Says Euro Debt Crisis Likely to Be Contained, Bullard Says Canada’s Dollar Rises for First Time in Four Days on Stock Gain Euro Rallies as China Denies Review of Holdings, Stocks Advance Forex Trading News summary provided by Yen Forex Trading. Headlines - Wednesday 26 May, 2010 Dollar Index May Fall as Double Top Forms: Technical Analysis Canada’s Dollar Rebounds From 6-Month Low as Oil Advances Germany Will Support Euro, Merkel Says in Jeddah Euro Near Four-Year Low as Europe’s Fiscal Crisis Damps Demand Euro Pares Losses Amid Speculation Traders Exiting Decline Bets Euro to Weaken Until Europe Creates Monetary Fund, Mizuho Says Euro Pares Losses Amid Speculation Traders Exiting Decline Bets Forex Trading News summary provided by Yen Forex Trading. Headlines - Tuesday 25 May, 2010 Posen Says U.K. at ‘Low Risk’ of ‘Turning Japanese’ Geithner Is Confident ‘as I’ve Ever Been’ on Yuan Dollar’s Share of Currency Reserves Likely Growing, BBH Says Euro Falls for 2nd Day on Concern Europe Debt Crisis Spreading Pound Gains Versus Euro as Government Outlines Spending Cuts Dollar May Fall Toward 2010 Low Versus Yen: Technical Analysis U.S. and China Sidestep Yuan as Europe Dominates Beijing Talks Euro Falls as Bank Takeover in Spain Fuels Debt Losses Concern Trading News summary provided by Yen Forex Trading. Headlines - Monday 24 May, 2010 Euro May Resume Declines After Short-Covering Rally, RBS Says Euro May Extend Slide to Debut Level of $1.17, Tokai Tokyo Says Dollar to Become ‘Growth Currency’ During Next Decade Hu Says China Will Move Gradually on Yuan Policy Euro Falls as Bank Failure in Spain Fuels Global Growth Concern G3 Currency Intervention Risk ‘Elevated,’ Morgan Stanley Says Goods Orders, Home Sales Probably Climbed: U.S. Economy Preview Futures Bets for Euro Decline Against Dollar Drop From Record Selling Euros for Kiwis Delivers Yield From Merkel’s Backdoor ECB Data Shows Broad Investor Exit From Euro Debt, Nomura Says Euro Falls on Concern Fiscal Crisis Will Slow Economic Growth Forex Trading News summary provided by Yen Forex Trading. Headlines - Friday 21 May, 2010 Euro May Slide to Six-Year Low on Fibonacci: Technical Analysis Dollar Rally Bearish Signal for Risk: Technical Analysis Canada’s Dollar Drops to Three-Month Low on European Crisis No One Says Trichet Succeeds Himself as Enthusiasts Get Wistful G3 Currency Intervention Risk ‘Elevated,’ Morgan Stanley Says Euro Gains on Speculation Traders Exiting Bets on Its Decline Canada’s Dollar Drops to Two-Week Low on Europe’s Debt Turmoil Yen Calls Surge Versus Puts on Carry Trade’s ‘Massive Unwind’ Euro Gains Versus Dollar Amid Speculation of ECB Intervention Forex Trading News summary provided by Yen Forex Trading. Headlines - Thursday 20 May, 2010 Euro Drops on Concern Europe Divided on Containing Debt Turmoil ‘Desperate, Dateless’ Euro to Reach $1.20 in Month, Westpac Says Euro Drops on Europe Divisions in Wake of German Short-Sale Ban Merkel Isolated After Short-Selling Ban Fails to Win Backers Euro Nears `Milestone,’ May Hit $1.16, Merrill's Fujii Says Juncker Sees No ’Immediate’ Intervention to Halt Euro’s Slide Russia Drops ‘Bellicose’ Dollar Talk as Greenback Reserves Grow Euro Weakens on Concern Growth Will Slow on Austerity Measures Pound Trades Near 13-Month Low Versus Dollar on Safety Demand Canada’s Dollar Decreases to Lowest Level in Almost Two Weeks Europe Crisis in Rescue for Greece Bringing Euro to New Normal Euro Advances on Speculation Europe May Act to Support Currency Trading News summary provided by Yen Forex Trading. Headlines - Wednesday 19 May, 2010 Mizuho Asset Sells Pounds for Canadian Dollars in Bet on Rates Hedge Funds Bet Europe’s $1 Trillion Bailout Won’t Solve Crisis Canada’s Dollar Decreases to Lowest Level in Almost Two Weeks IMF’s Lipsky Says Euro Exchange Rate Near Equilibrium Euro Rises From Four-Year Low as Official Sees Need for Action Euro Falls to 4-Year Low, Yen Jumps on German Speculation Ban Euro Falls to Lowest Level Since 2006 on Austerity Concern Schumer Wants China to Join ‘Candid, Public’ Talks on Yuan Peg Forex Trading News summary provided by Yen Forex Trading. Headlines - Tuesday 18 May, 2010 Volcker ‘Worst-Case’ Euro Scenario Not Very Likely, Posen Says Canada’s Dollar Rises for Second Day as Crude Oil Ends Decrease Standard Bank Advises Buying the Euro Against the British Pound Demand for Dollars Exceeds Estimate With China Among Big Buyers Euro May Fall to $1.2045 After Failed Rally: Technical Analysis China Is Unlikely to Allow Yuan to Gain This Year, Faber Says Euro Weakness Is ‘Desirable’ to Counter Deflation, Resona Says German Investor Sentiment May Plunge as Debt Crisis Hurts Euro Euro Trades Near Lowest Since 2006 as Austerity to Slow Growth HSBC Cuts Year-End Euro Forecast to $1.35 From $1.45 on Greece Euro Won’t Be Choked by Europe-Wide Austerity Drive, EU Says Euro Gains First Time in Week After Touching Lowest Since 2006 Forex Trading News summary provided by Yen Forex Trading. Headlines - Monday 17 May, 2010 Canadian Dollar Rises as ECB Bond Buying Revives Risk Demand Euro Will Fall to $1 by End of 2011, Capital Economics Says O’Neill Says Idea of Euro Breakup Within a Year Is ‘Ridiculous’ Euro Rises Against Dollar in New York, Trades at $1.2387 Quantum Global Buys ‘Boring’ German Notes to ‘Sleep Better’ Pound Slides to 13-Month Low Against Dollar on U.K. Budget Woes Yuan Forwards Weaken as Europe Crisis May Delay Appreciation Euro Swaps Corner Trichet as Currency Slide Persists Euro Falls to Lowest Since April 2006 on European Debt Crisis Euro Extends Drop on Concern Austerity Steps to Hurt Recovery Forex Trading News summary provided by Yen Forex Trading. Headlines - Friday 14 May, 2010 Euro Will Drop to 7-Year Low on ECB, Slowing Growth, UBS Says Sarkozy Threatened to Quit Euro to Prod Merkel, El Pais Says Ackermann Says He Doubts Greece Can Repay Its Debt Canada’s Dollar Declines as European Austerity Plans Sap Oil China May Expand Yuan Settlement to 18 More Provinces Euro Breakup Talk Increases as Germany Loses Its Currency Proxy Canada’s Dollar Trades at Almost One-Week High on Budget View Loonie May Rise to 19-Month High Versus Yen: Technical Analysis Volcker Sees Risk Greece to Cause ‘Disintegration’ of Euro Area Euro Breaks 14-Month Low Set Before Bailout Plan Was Unveiled Forex Trading News summary provided by Yen Forex Trading. Headlines - Thursday 13 May, 2010 Pound Slumps on Budget Cutting, ‘No Honeymoon’ for Coalition Euro May Test Parity With Dollar in ‘Hard Landing’, RBS Says Canada’s Dollar Trades Near One-Week High on Budget View, Gold Bank of Tokyo Says Sell U.K. Pound Versus Dollar; Estimate $1.38 Pimco Says Europe Crisis Shows World Won’t Skirt ‘New Normal’ Euro Trades Near Lowest in 14 Months on Budget Deficit Concerns Loonie Will Return to Parity, Citi Says: Technical Analysis King Welcomes Cameron Deficit Plans, Warns on Growth Snow Says Euro’s Survival Will Be ‘Tough’ Without Common Budget Euro May Slide to 1999 Debut Level on Deficits, SMBC’s Uno Says Yen Falls Against Euro as Recovery Signs Damp Demand for Safety Goldman Sachs Advises Closing Short Euro Versus Pound Trade Yen Declines as Stock Gains, Debt Sales Damp Demand for Safety Forex Trading News summary provided by Yen Forex Trading. Headlines - Wednesday 12 May, 2010 Bailout Is ‘Nail in the Coffin’ for Euro, Rogers Says Euro May Resume Drop, May Breach $1.25 in Days, Lloyds Says Canada’s Dollar Rises for Fourth Day as Global Equities Climb Euro- Dollar Parity a ‘Reasonable Forecast,’ Gary Shilling Says Roubini Says Greece May Lead Euro Exodus, China Faces Slowdown Gilts Rise as Bank of England Says U.K. Growth Risks Increased Yen Falls Against Euro as Equity Recovery Reduces Safety Demand Pound Falls on Concern Coalition Will Struggle to Cut Deficit Swiss Franc Advances Against Euro as Consumer Confidence Jumps Loonie Rises to Eight-Year High Versus Euro on Safety Demand Place Option Bet on Dollar Gain to 100 Yen, Credit Suisse Says Bernanke Said to Tell Senators Euro Aid No Panacea Pound Climbs as Conservatives’ Cameron Named Prime Minister Forex Trading News summary provided by Yen Forex Trading. Headlines - Tuesday 11 May, 2010 Euro Falls 2nd Day on Concern Loan Package Won’t Resolve Crisis Currency Fluctuation Affects Bottom Line, SunGard Poll Shows Euro Falls on Concern Loan Package Won’t End Fiscal Turmoil Pound Falls on Debt Concern as Coalition Talks Enter Fifth Day Canada’s Dollar Falls Versus Greenback, Yen on Risk Aversion Euro Falls on Concern Loan Package Won’t End Budget Turmoil Euro Weakens on Concern Loan Package Won’t Solve Europe’s Woes Founding ECB Vision Eclipsed by Europe’s Debt Crisis Yen Pares Gains as Signs of China’s Growth Damp Safety Demand BNP Affirms Euro-Dollar Parity Call as Outlook ‘Remains Bleak’ Euro Is ‘Oversold,’ May Rally to $1.3115: Technical Analysis Euro Rally May Prove Short-Lived on Rates, Asset-Purchase Bets Pound Set to Rally as Gordon Brown’s Economy Rebounds Euro Retreats From 1-Week High as Optimism Fades for Loan Plan Forex Trading News summary provided by Yen Forex Trading. Headlines - Monday 10 May, 2010 Pound Rises Against U.S. Dollar as Cameron Debates Coalition Mexico Peso Rises Most in Year as Europe Announces Loan Package Canada’s Dollar Gains Most in Year as Oil Jumps on Aid Plan Pound Stays Higher as BOE Keeps Rate, Bond-Buying Plan on Hold BNP Affirms Euro-Dollar Parity Call as Outlook ‘Remains Bleak’ Euro Rally Temporary; ECB to Keep Rates Low, Bank of Tokyo Says Euro Will Resume Decline to $1.20, Barclays, UBS Say Fed Restarts Currency-Swap Tool as Sovereign-Debt Crisis Flares Euro Surges 2nd Day as Europe Leaders Agree Record Loan Package Emerging-Market Stocks, Currencies Gain on European Aid Package Goldman Sachs Advises Buying Mexican Peso on Recovery Euro Gains for Second Day as Europe Promises Lending Mechanism EU Preps $645 Billion Fund to Fight ‘Wolfpack,’ Debt Crisis Forex Trading News summary provided by Yen Forex Trading. Headlines - Friday 7 May, 2010 Euro Rallies, Paring Slump, as G-7 Meets on Greece; Pound Drops Greek Crisis Makes Yuan Reform More Likely, Citi Says Credit Mauled in ‘Whiff of ’08’ as Athens Burns: Credit Markets Pound Plunges as U.K. Election Fails to Produce Clear Winner Rand Pares Biggest Fall in 6 Months as Gordhan Downplays Greece Pound Drops to 13-Month Low as Election Signals No Clear Winner Emerging Stocks Head for Worst Week in a Year, Currencies Slump Korea, Japan Currency Swaps Signal Dollar Hoarding on Crisis Yen Erases 50% of Gain Against Euro on G-7 Greece Speculation Euro Poised to Rally After ‘Excessive’ Drop: Technical Analysis European Equity Outflows Exceed $2 Billion, EPFR Says Yen Declines on Speculation Yesterday’s Surge Was Excessive Pound Weakens as Exit Poll Shows Cameron Didn’t Win Majority Mexico’s Peso Drops the Most in a Year on Greek Debt Crisis Chile Peso Falls for Third Day on Europe Concern, Copper Slide Canada’s Dollar Falls Most Since 2008 as Greece Deters Risk Brazil’s Real Falls Most in 1 1/2 Years on Europe Debt Concern Forex Trading News summary provided by Yen Forex Trading. Headlines - Thursday 6 May, 2010 Euro Slump Cost Central Banks $300 Billion, BlueGold’s Jen Says Weber Draws Battle Lines as Pressure Mounts on ECB Euro Declines Against Dollar as ECB Leaves Key Rate Unchanged Pound Weakens for Fifth Day Versus Dollar Before U.K. Election Standard Bank Says Euro May Fall to $1.15 as Debt Crisis Worsens Pound Trades Near 9-Month High Versus Euro on Greek Debt Woes Pound Strengthens Against Euro; Conservatives May Win Election Brazilian Real Falls to Weakest Level in Five Weeks on Greece Colombia’s Peso Drops to Three-Month Low on Greek Debt Crisis ‘Anti-Euros’ Central Banks May Buoy Loonie, BlueGold’s Jen Says Canada’s Dollar Touches Two-Month Low on Deadly Greek Protests Euro Near 13-Month Low Versus Dollar on European Debt Crisis Forex Trading News summary provided by Yen Forex Trading. Headlines - Wednesday 5 May, 2010 Costa Rica Vice President-Elect Says Currency Surge ‘Worrisome’ ‘Anti-Euros’ Central Banks May Buoy Loonie, BlueGold’s Jen Says Buy Latin America as Eastern Europe ‘Under Siege’ Canada’s Dollar Drops to One-Month Low on Greece’s Debt Crisis Pound Rises 3rd Day Versus Euro on Conservative Win Speculation U.S. Dollar Rises to Highest Versus Canada’s Since March 29 Brazil May Take Measures on Currency If There’s Excessive Gain Asian Currencies Slump, Paced by Peso, as Greece Fans Contagion Pound Rally Backs Cameron Win, Polls Flag Coalition Euro Falls to One-Year Low on Concern Greek Crisis May Spread Forex Trading News summary provided by Yen Forex Trading. Headlines - Tuesday 4 May, 2010 Euro May Fall on Greece Austerity Skepticism, State Street Says UniCredit Suggests ‘Defensive Strategy’ on Pound Before Election Mexico’s Peso Falls as Crude Oil Drops for First Time in a Week Brazil’s Real Decreases on Europe Financial Contagion Concern Chilean Peso Drops on Greek Crisis, China’s Manufacturing Richer Nations More Likely to Quit Euro Than Greece, BNP Says Rand Weakens for Third Day on Lower Commodities, Unemployment Trichet May Rewrite ECB Rule Book to Tame Greek Risk Australian Dollar Weakens on Central Bank Comments, China Data Euro Falls to a One-Year Low as Greek Bailout Concern Persists Colombian Peso to Weaken After Rate Cut, RBS Says Mexico’s Peso Rises as IMF, European Union Approve Greece Aid Canada’s Dollar Appreciates as Crude Oil Rises, Equities Gain Dollar May Rally as Hedgers Take Holiday: Technical Analysis Yen Falls to 8-Month Low as Recovery Signs Curb Refuge Demand Forex Trading News summary provided by Yen Forex Trading. Headlines - Monday 3 March, 2010 Euro to Climb as Greece Rescue Confidence Takes Hold, Citi Says Colombia Yields to Rally to 4-Year Low After Surprise Rate Cut Mexico’s Peso Rises as IMF, European Union Approve Greece Aid Canada’s Dollar Advances Along With Commodity-Related Peers Euro Declines on Concern Greece Bailout Won’t Halt Debt Crisis Bets Versus Euro at Record as Traders See Past Greece Forex Trading News summary provided by Yen Forex Trading. Return to the Yen Forex Trading Home Page |