Fitch Issues Stern Warning To ECB

The Euro weakened to its lowest level in 16 months against
the U.S. Dollar and fell for the first time in days versus the Yen
on the possibility that Frances credit rating may yet be downgraded
a factor that could worsen the regions debt crisis. The 17-nation
currency slipped against the majority of its online

iFOREX Daily- January 11, 2012

The U.S. Dollar weakened against high yield currencies as
risk aversion tapered off on optimism that E.U. leaders are working
to solve the sovereign debt crisis. The greenback slipped the most
against the New Zealand Dollar, as stocks and commodities rallied
on speculation that the Peoples Bank of China may cut bank reserve
requirements in

iFOREX Daily- January 13, 2012

The U.S. Dollar traded weak as several data reports spurred
risk appetite in the markets. Risk aversion tapered off towards the
finalization of successful bond auctions in Italy and Spain, and
continued to decline after announcements from the European Central
Bank and the Bank of England. The greenback traded low across the
board including against

Chancellor Merkel Meets With IMF Director

The U.S. Dollar and the Yen declined against high-yield
exchange currencies before German Chancellor, Angela Merkel, met
with the managing director of the International Monetary Fund,
Christine Lagarde. The meeting offered money market investors signs
that E.U. leaders were working to solve the debt crisis. During the
meeting, the German Chancellor discussed Greece and its

iFOREX Daily- January 12, 2012

The U.S. Dollar strengthened against the majority of its
peers as investors sought safety in the face of what could be more
trouble for the Euro region. The increase came after the Fitch
Ratings agency suggested that the European Central Bank boost bond
purchasing in order to prevent the demise of the shared currency.
Data

E.U. Rulebook May Be Completed Earlier

The Euro rate rose against the U.S. Dollar after French
President, Nicolas Sarkozy, and German Chancellor, Angela Merkel,
met in Berlin and issued a statement suggesting the rulebook to
obtain closer fiscal unity will be completed one month earlier than
expected. The 17-nation currency pared gains later in the day
against the U.S. currency on

Chancellor Merkel Meets With IMF Director

The U.S. Dollar and the Yen declined against high-yield
exchange currencies before German Chancellor, Angela Merkel, met
with the managing director of the International Monetary Fund,
Christine Lagarde. The meeting offered money market investors signs
that E.U. leaders were working to solve the debt crisis. During the
meeting, the German Chancellor discussed Greece and its

iFOREX Daily- January 11, 2012

The U.S. Dollar weakened against high yield currencies as
risk aversion tapered off on optimism that E.U. leaders are working
to solve the sovereign debt crisis. The greenback slipped the most
against the New Zealand Dollar, as stocks and commodities rallied
on speculation that the Peoples Bank of China may cut bank reserve
requirements in

Fitch Issues Stern Warning To ECB

The Euro weakened to its lowest level in 16 months against
the U.S. Dollar and fell for the first time in days versus the Yen
on the possibility that Frances credit rating may yet be downgraded
a factor that could worsen the regions debt crisis. The 17-nation
currency slipped against the majority of its online

iFOREX Daily- January 12, 2012

The U.S. Dollar strengthened against the majority of its
peers as investors sought safety in the face of what could be more
trouble for the Euro region. The increase came after the Fitch
Ratings agency suggested that the European Central Bank boost bond
purchasing in order to prevent the demise of the shared currency.
Data

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