As it turned out Friday’

On Monday, Federal Reserve Chairman Ben Bernanke, delivered the Monetary Policy Report to Congress. The highlight of the report was the Chariman’

The British Pound extended the decline from the previous day and slipped to a low of 1.5174 during the European trade as the economic docket reinforced a weakened outlook for the U.K., and the exchange rate may continue to trend lower going into the North American session as investors hold a cautious outlook for the region.
Key fundamental releases from the Uk overnight includes the report by the Bank of England which showed mortgage approvals by the major banks in Britain increased 48K in June after expanding 51K in the previous …Forex Rate – Forex and Exchange rates

FXstreet.com (Córdoba) – The BoJ decided by unanimous vote to keep the cash rate unchanged at 0.1% as widely expected. The rate has remained at 0.1% since December 2008.

“Japan’

Forex markets are seeing considerable movement already this morning with Sterling currently being sold off against virtually all of its counterparts. Briefly looking at last week the British Pound held a narrow range as the Bank of England refrained from releasing a policy statement following its interest rate decision for July, and the exchange rate may continue to trend sideways over the coming week as investors weigh the prospects for future policy, and interest rate expectations.
Sterling’

Aussie leads the way higher in currency trading

Risk appetite is making a return to the forex market today as the Australian dollar leads risk currencies higher in trading. The Asian session saw an explosion of risk, while things grew a little more subdued during the European session. However, risk appetite remains healthy, in part due to the unexpectedly good news about Australian employment.

GFT’s Boris Schlossberg looks at Australia in FX360:

The increase in labor rolls was the highest since February of 2010 while the unemployment rate reached its lowest level in more than a year and the labor participation rate inched to 65.2% versus 65.1% in May. In a testament to the strength of its economy, Australia now enjoys the lowest unemployment rate amongst the G-20 countries as its resource based economy continues to boom on the back of demand from China.

It is no surprise, then, that the Aussie is finding currency trading support. Also helping risk appetite is likely the news that the IMF has revised its forecast for global growth upward, indicating that another global recession is unlikely in the immediate future.

See AlsoEconomic News and Forex TradingCurrency trading on the forex market

The dollar has quietly slipped against the yen in this week’

A slew of mixed economic reports Thursday (June 24) morning reinforced the economic uncertainty of the Federal Reserve’

The Euro appears to be relatively stable this week, with a current rate of $1.2304. It actually reached a Wednesday morning (June 16) high of $1.2355 before receding a bit in the mid morning trade.
At its high point for the day, the Euro was up nearly five pips over its long-term low of $1.1876 which it saw just one week ago. The major credit crisis that has affected some of Europe’

The average interest rate for a conventional 30-year fixed loan in the US is a remarkably low 4.82 per cent Wednesday (June 9) morning, compared to a 4.91 per cent average rate on Wednesday of last week, according to the Bankrate.com survey of mortgage lenders from across the country.
A 15-year fixed loan offers an even more impressive 4.20 per cent rate compared with 4.32 per cent. The most recent dip that has returned mortgage rates to all-time low levels has prompted many banks and lenders to once again aggressively …Forex Rate – Forex and Exchange rates