The News / Hottest

reuters.com

The dollar fell against the yen on Tuesday, pressured by a sell-the-fact reaction following the confirmation hearings of the government's nominees for the two Bank of Japan deputy governor posts.


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dailyfx.com

The meeting of European Union finance ministers kicks off today following yesterday’s meeting of Euro-zone ministers in Brussels. The most important message from yesterday’s meeting for Euro traders was that austerity targets for growth hungry countries, like France and Italy, may be relaxed. Other topics at the meeting yesterday included the Cyprus bailout and discussion of capping bankers’ bonuses, neither topic has had significant impact on Euro trading.

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reuters.com

The euro and commodity currencies held firm on Wednesday, underpinned by improved risk appetite that saw the Dow Jones Industrial Average hit a record-closing high.

The euro gained 0.1 percent in Asia to $1.3067, extending its recovery from a six-week trough of $1.2966 set on Friday while sterling was a touch firmer at $1.5146, edging back from Friday's 2-1/2 year low of $1.4985.


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theaustralian.com.au

TREASURER Wayne Swan says the latest national growth numbers reaffirms Australia's position as one of the most resilient economies in the world.

The Australian Bureau of Statistics said the economy grew by 0.6 per cent in the December for an annual rate of 3.1 per cent.

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investing.com

The U.S. dollar edged higher against the Canadian dollar on Wednesday, ahead of the Bank of Canada’s policy decision later in the session and after data showed that the U.S. private sector added more jobs than expected last month.

USD/CAD hit 1.0296 during early U.S. trade, the pair’s highest since Monday; the pair subsequently consolidated at 1.0282, gaining 0.12%. The pair was likely to find support at 1.0215, the low of February 28 and resistance at 1.0312, the high of the same day.


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reuters.com

• Euro faces pressure ahead of ECB meeting
• Bets on range-trade in yen grow popular
• Australian dollar benefits from growth data

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marketwatch.com

BEIJING (Caixin Online) — Money supply to the market resulting from foreign exchange being converted to yuan at banks surged in January, data from the central bank shows.

The bank uses funds outstanding for foreign exchange to estimate the amount of yuan USDCNY +0.03% put into the domestic market equivalent to foreign exchange taken in by all banks during the same time. Traditionally, the funds have been a major component in the country’s total money supply.


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nbr.co.nz

The New Zealand dollar fell after upbeat US private sector jobs data built up expectations for employment in the world's biggest economy and after Australia's trade deficit was bigger than forecast.

The kiwi traded at 82.74 US cents at 5pm in Wellington from 82.78 cents at 8am, down from 83.29 cents yesterday. The trade-weighted index declined to 76.14 from 76.32.

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rt.com

IMF confirmed that the AUD and CAD will appear as reserve currency within three months. This emphasizes the spiraling demand for additional reserve currencies and the New Zealand dollar has the best chance to join the list, according to experts.

"The IMF is expanding the list of currencies separately identified in the Composition of Foreign Exchange Reserves reporting (COFER) template," said an IMF spokeswoman as cited by The Wall Street Journal. "The implementation of the revised COFER Report Form, with separate identification of the Australian dollar and Canadian dollar, is scheduled for the first half of 2013."

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