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US Dollar

Dollar Remains Safe Parking Lot For Funds

The U.S. dollar is expected to hold its own as a safe-haven currency in the near term as risk aversion in the global financial markets remains amid the euro zone's troubles.
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.
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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.
A worker stores ingots of 99.99 percent pure silver, which weigh 30 kilos (66 lbs), to pack them at the Krastsvetmet nonferrous metals plant in Russia's Siberian city of Krasnoyarsk.

Forex Market Insight 07/06/2011

Some of the heat has come out of the Aussie over the last 24 hours after the RBA doused expectations of two further rate hikes this year. This could see the Aussie come back to test support at 1.0600. After seeing a move back to 1.0600, traders could then be looking to a bounce from support.