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Archive for April, 2009

FOREX-Yen drops to two-week lows as confidence grows
Reuters
By Anirban Nag SYDNEY, May 1 (Reuters) - The yen fell to two-week lows against the US dollar and the euro on Friday as investors grew confident that the pace of global economic decline was abating, boosting appetite for riskier assets.

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WORLD FOREX: Dollar Ends Mixed As Stocks Stall In Afternoon
Wall Street Journal
"It's the last trading day of the month, and there could be some month-end flows that are driving markets beyond the usual fundamental sphere," said Dustin Reid, director of G11 forex strategy at RBS Greenwich Capital Markets in Chicago.
Canada Afternoon: C$ Up On Risk Appetite, Technicals Wall Street Journal
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AFP
FOREX-Optimism, month-end flows boost dollar vs yen
Reuters
By Steven C. Johnson NEW YORK, April 30 (Reuters) - The dollar neared a two-week high against the yen and rose against the euro on Thursday as investors rebalanced their portfolios as April ended and trading thinned heading into the May Day holiday in
Forex trends: Japanese unit lost ground against most majors Ecommerce Journal
WORLD FOREX: Dollar Remains Pressured In Light Activity Wall Street Journal
FOREX MARKET REVIEW BY ACETRADER ForexTV.com
Reuters - Ecommerce Journal
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CNBC
FOREX-Dollar gains evaporate as Europe shuts for May Day
Reuters
"A lot of what's driving the market today is month-end fixing flows," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey. US assets such as stocks had outperformed in April and investors looking to book profits and
FOREX-Dollar extends gains as investors debate data Reuters
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FOREX-Dollar extends gains as investors debate data
Reuters
"If the US economy starts to show signs of sustained stabilization, the dollar may begin to perform better, though it's probably a bit premature to say this now," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey.
FOREX-Dollar gains on safe haven bid on US weekly claims Reuters
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FOREX-Dollar, yen fall; demand for risky assets grows
Reuters
By Jessica Mortimer LONDON, April 30 (Reuters) - The dollar and the yen fell broadly on Thursday as growing hopes that the global economy may be over the worst of the recession diminished the attraction of those currencies perceived to be safer assets.

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Covidien FY 2Q Net Dn 30% Amid Forex, Imaging System Woes>COV
Wall Street Journal
Covidien Ltd. (COV) reported Thursday that its fiscal second-quarter net income plunged 30% as the stronger dollar ate into overseas results and sales dropped at its struggling imaging-systems segment despite strong sales of its generic version of

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SK Telecom's Net Falls 17% on Forex Losses
Wall Street Journal
By JUNG-AH LEE SEOUL — SK Telecom Co. said its first-quarter net profit fell 17% from a year earlier mainly due to foreign-exchange losses stemming from its large overseas debt. But the company's operating profit picked up thanks to lower marketing

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WORLD FOREX: Rising Risk Appetite Hits Dlr, Yen; Helps Euro
Wall Street Journal
By Nicholas Hastings Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Rising risk appetite is pushing the dollar and the yen lower and helping the euro and other high-yielders higher in Europe Thursday. The improved sentiment was being driven by optimism

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Russian Forex Reserves Fall $4.2B $380.6B In Week To Apr 24
Wall Street Journal
MOSCOW (Dow Jones)–Russia's gold and foreign exchange reserves fell $4.2 billion to $380.6 billion in the week to April 24, the central bank said Thursday. The rise follows an increase of $0.9 billion the previous week. After reaching a record high of

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