FOREX Trading News

European Business Confidence May Have Fallen Following Gains in Oil, Euro
Mon, 22 May 2006 02:59:00 GMT
May 22 (Bloomberg) -- European business confidence probably fell in May after record oil prices and the euro's appreciation tempered the outlook for economic growth, economist surveys show. Germany's Ifo index, based on responses from 7,000 companies,

Gold drops on firm US dollar
Mon, 22 May 2006 02:57:00 GMT
SINGAPORE (Reuters) - Gold fell more than $6 an ounce on Monday after the dollar rose, encouraging some investors to switch out of precious and base metals. Gold hit a high of $661.25 an ounce before falling to as low as $653 an ounce -- just above a

Dollar firms against rate hike outlook
Mon, 22 May 2006 02:57:00 GMT
In late New York trade, the dollar stood at 1.2163 Swiss francs from 1.2047 Thursday. The pound was being traded at 1.8802 dollars after 1.8954. Against the euro, the dollar hit an eight-day high, and against the yen at an 11-day high on growing

FOREX: Ringgit Falls Slightly Against US Dollar At Opening
Mon, 22 May 2006 02:55:00 GMT
FOREX: Ringgit Falls Slightly Against US Dollar At Opening KUALA LUMPUR, May 22 (Bernama) -- The ringgit opened slightly lower against the U.S. dollar, which had been strengthening over the past weeks, dealers said. The greenback's gain follows the

Dollar tumbles with commodities
Mon, 22 May 2006 02:55:00 GMT
THE dollar was more than three quarters of a US cent weaker at noon today, pushed down by a rallying US currency and lower commodity prices. At 1200 AEST the local unit was trading at $US0.7539-42, much lower than Friday's close of $US0.7623-26. This

Asian Stocks Rebound From Seven-Week Low; Canon, Honda Gain on Weaker Yen
Mon, 22 May 2006 02:54:00 GMT
May 22 (Bloomberg) -- Asian stocks rebounded from a seven- week low, led by gains in Japanese exporters including Honda Motor Co. and Canon Inc. after the yen slid against the dollar. ''The drop in the yen provides some cushion for exporters,'' said

Dollar's gains lift the Nikkei
Mon, 22 May 2006 02:53:00 GMT
HONG KONG (MarketWatch) -- Asian markets got off to a rousing start Monday morning, led by Japan, as a rise in the dollar against the yen helped shares of big exporters. In morning trading, Tokyo's benchmark Nikkei 225 Index was up 101.61 points, or

Gold drops on firm U.S. dollar
Mon, 22 May 2006 02:52:00 GMT
SINGAPORE (Reuters) - Gold fell more than $6 an ounce on Monday after the dollar rose, encouraging some investors to switch out of precious and base metals. Gold hit a high of $661.25 an ounce before falling to as low as $653 an ounce -- just above a

Dollar Gains on Speculation U.S. Economic Report Will Signal Higher Rates
Mon, 22 May 2006 02:51:00 GMT
May 22 (Bloomberg) -- The dollar rose against the euro and yen on speculation a U.S. government report will indicate the nation's interest-rate premium over Japan and Europe will widen. The U.S. currency may build on its first weekly gain in more than a

Dollar tumbles with commodities
Mon, 22 May 2006 02:48:00 GMT
22may06 THE dollar was more than three quarters of a US cent weaker at noon today, pushed down by a rallying US currency and lower commodity prices. At 1200 AEST the local unit was trading at $US0.7539-42, much lower than Friday's close of

Stocks Advance, Paced by Honda, Matsushita, on Decline in Yen, Crude-Oil
Mon, 22 May 2006 02:41:00 GMT
May 22 (Bloomberg) -- Japanese stocks rose, paced by exporters including Honda Motor Co. and Matsushita Electric Industrial Co., after the yen fell against the dollar and oil prices dropped to a six-week low. ''The drop in the yen provides some cushion

Euro Ressources S.A. Cessation of Work Stoppage at Rosebel Mine
Mon, 22 May 2006 02:40:00 GMT
22.05.2006 04:32 EURO Ressources S.A. (TSX:EUR)(Euronext of the Bourse de Paris:EUR) refers to the news release by Cambior Inc. issued 19 May, 2006 announcing that Cambior had reached an agreement between Rosebel Gold Mines N.V. and the union

Gold drops on firm US dollar
Mon, 22 May 2006 02:35:00 GMT
SINGAPORE (Reuters) - Gold fell more than $6 an ounce on Monday after the dollar rose, encouraging some investors to switch out of precious and base metals. Gold hit a high of $661.25 an ounce before falling to as low as $653 an ounce -- just above a

Asian Stocks Rebound From Seven-Week Low; Honda, Canon Gain on Weaker Yen
Mon, 22 May 2006 02:33:00 GMT
May 22 (Bloomberg) -- Asian stocks rebounded from a seven- week low, led by gains in Japanese exporters including Honda Motor Co. and Canon Inc. after the yen slid against the dollar. ''The drop in the yen provides some cushion for exporters,'' said

Asian Stocks Rebound From Seven-Week Low; Honda Stock Gains on Weaker Yen
Mon, 22 May 2006 02:32:00 GMT
May 22 (Bloomberg) -- Asian stocks rebounded from a seven- week low, led by gains in Japanese exporters including Honda Motor Co. and Canon Inc. after the yen slid against the dollar. ''The drop in the yen provides some cushion for exporters,'' said

Gold drops on firm U.S. dollar
Mon, 22 May 2006 02:32:00 GMT
SINGAPORE (Reuters) - Gold fell more than $6 an ounce on Monday after the dollar rose, encouraging some investors to switch out of precious and base metals. Gold hit a high of $661.25 an ounce before falling to as low as $653 an ounce -- just above a

FOREX-Dollar rises, market looks for rate clues
Mon, 22 May 2006 02:24:00 GMT
The dollar rose on Monday, extending gains made late last week when investors shifted money into U.S. assets out of commodities such as gold and oil. Traders said the dollar was ready for a correction after its rapid fall over the past couple of weeks,

Tokyo stocks open higher on rises in U.S. shares, dollar
Mon, 22 May 2006 02:15:00 GMT
-†Tokyo stocks open higher on rises in U.S. shares, dollar TOKYO, May 22 KYODO Stocks opened higher Monday in Tokyo on continued moderate buybacks supported by the rally on Friday in U.S. shares while exporters gained traction as the yen showed a

Australian Dollar Declines on Concern Metals Prices Rally has Gone Too Far
Mon, 22 May 2006 02:12:00 GMT
May 22 (Bloomberg) -- The Australian dollar weakened after the biggest drop in commodities prices in more than 25 years last week raised concern the rally in metals that has helped the currency gain 3.4 percent this year has gone too far. Australia's

Tokyo, Asia stocks gain ground as dollar rises
Mon, 22 May 2006 02:12:00 GMT
Nikkei stocks buoyant as yen slumpsBy Ilya Garger, MarketWatchLast Update: 10:12 PM ET May 21, 2006HONG KONG (MarketWatch) -- Asian markets got off to a rousing start Monday morning, led by Japan, as a rise in the dollar against the yen helped shares of