TRENDING

FOREX NEWS

More news
Gold bars and dollar bills of various denominations

USD Gains as Dash to Safe Haven Currencies Gathers Pace Over Eurozone Fears

The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.
Euro

Strong GDP Data Lends Support to EUR

The euro (EUR) rose against its major counterparts on Tuesday following the release of better-than-expected growth data in Germany and eurozone, although concerns over Greece exiting the eurozone remain intact weighing on the single currency.
Euro

Will Euro Touch Its 2012 Lows?

The downtrend in the euro (EUR) seems set to last in the coming weeks as the single currency continues to come under pressure due to political uncertainty, sovereign debt crisis, and deepening recession in the eurozone.
Logo IBTimes vertical

Russia: Boiling Deluge Swamps Nightclub

A young man and women are in intensive care after a Russian nightclub was flooded with boiling water from a nearby main, forcing party goers to flee on makeshift boats.