FOREX LATEST NEWS

POUNDS MEETS ABYSS ON FISCAL CONCERNS U.S DISCOUNT RATES

The pound touched the lowest level in 2010 ver sus the greenbac k and declined versus most of the 16 main trade d curre ncies as economic stimu lus are likely to be maintai ned in th e U.K., consid ering the sl ow pace of the natio n’s economic growth and raising gap in the public a ccounts.

NZ DOLLAR DOWN ON TRADING PARTNERS HAWKISH TONE

The New Zealand dollar started this Friday losing versus currencies from its main trading partners as central bankers from Australia and the U.S. are adopting a hawkish tone leaving the New Zealand dollar less attractive as rate hikes are not f orecast in the short term for the kiwi nation.

CANADIAN DOLLARS OWN ON U.S DISCOUNT RATE

After touching the highest rate in February on renewed risk

appetite, the Canadian dollar retreated versus its U.S. counterpart after the Federal Reserve raised its discount rate for the first time in three years, allowing the greenback to be more attractive than the loonie in forex markets.

POUND SUFFERS AS BRITISH ECONOM STRUG

The British pound was one of the worst performing currencies today in foreign-exchange markets as its monthly budget deficit for January decreased appeal for assets in the country and fueled speculations that economic stimulus will be need for a longer period to help the kingdom’s economy to grow.

CHILEAN PESO DOWN ON U.S ECONOMIC IMPROVEMENT

The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money, despite a considerable level of risk appetite in today’s session.

DISCOUNT RATE SURPRISE FULES DOLLAR RALLY

The dollar touched the highest level in 2010 versus several important currencies this Thursday as the Federal Reserve raised its bank discount rate for loans, spurring demand for assets in the country as the economy seems to be picking up, allowing the nation’s central bank to lift stimulus.

ANOTHER EURO WEEKLY DECLINE ON EU S FISCAL CRISIS

The euro continued to decline for another week versus important currencies around the world as the some of the Eurozone member countries’ budget deficit is shunning investors from the region, considering the economic outlook in other parts of the world is significantly more attractive to investors

LOONIE UP ESPITE U.S DISCOUNT RATE

The Canadian dollar pared all of its yesterday’s losses versus the U.S. and headed for another weekly increase versus the greenback and most of the main traded currencies as demand for the countries raw materials increased globally.

POLISH ZLOTY DOWN ON EUROPEAN CONFIDENCE DEDCLINE

The Polish currency fell versus most of the main currencies from outside the European Union as the emerging budget problems in the region and an economic slow down among its trading partners decreased appetite for assets in the country.

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DOLLAR POST RECORD AVANCE VERSUS EURO ON FED TONE

The dollar ended another week gaining versus the euro and the pound as the economic conditions in North America remain far more attractive than in the other side of the Atlantic, increasing the number of traders who are switching their investments from Europe towards the United States.