January 06, 2012 | 07:59 AM | Posted by David Mason

The USD gained ground against major currencies yesterday, due mainly to the frightening debit crisis in Europe, which caused traders to flee towards the safe waters of the greenback. The U.S. Dollar also strengthened against the Pound, with the GBP/USD trading at 1.5498, a decline of 0.78%...

January 05, 2012 | 07:32 AM | Posted by David Mason

After two days of growth, Asian indices retracted, due mainly to the news that France plans to sell 8 billion euros of debt today. The MSCI Asia Pacific Index (MXAP declined by 0.4 percent to 115.98. Deposit the decline in fortunes for the Asian markets today thus far, the Hang Seng increased slightly...

January 04, 2012 | 07:38 AM | Posted by David Mason

There is plenty of exciting action in the European front today, as the European Financial Stability Facility (EFSF) plans to raise an additional 3 billion Euros in order to combat the union’s worsening debt crisis.  European leaders are scrambling after the credit rating agency Standard & Poor’s...

January 03, 2012 | 08:58 AM | Posted by David Mason

The USD stumbled out of the gate as trading resumed after the holiday season. The greenback fell by 0.3 percent against the EUR and by 0.7 percent against the NZD. In addition to gaining ground against the Dollar, the EUR also strengthened slightly against the Japanese Yen, trading at 99.72 with some...

December 30, 2011 | 07:10 AM | Posted by Robert Petrucci

The EUR continued its slide against the USD on Thursday and will begin Friday near low water marks again. The GBP has slumped under the weight of the EUR performance as the U.K. ties to the E.U. via its banking institutions are correlated into the fix. The AUD however has somehow beaten...