Asian session: the dollar reach new historical high against franc

Data:

01:30 Australia Producer Price Index (YoY) (Q2) 3.4%

01:30 Australia Producer Price Index (QoQ) (Q2) 0.8%

The dollar slid toward a record low against the Swiss franc after U.S. lawmakers failed to agree on raising the nation’s $14.3 trillion debt ceiling, boosting the odds of a default as soon as next week.

The franc and yen rose against most of their major peers as Republicans prepared to force action on a shorter-term extension of the debt limit than President Barack Obama has requested, spurring demand for the currencies as havens.

Gains in the yen were limited on speculation Japan will intervene in markets to stop its appreciation. The euro pared its advance after Moody’s Investors Service cut Greece’s sovereign credit rating.

Gains in the yen were limited after it reached levels that spurred coordinated selling of the currency in March. Bank of Japan Governor Masaaki Shirakawa said today that the yen’s strength could hurt the economy and the central bank is ready to take appropriate action as needed.

The euro dropped for the first time in three days against the franc after Moody’s slashed its long-term foreign currency debt rating on Greece to Ca from Caa1. The European Union support package for Greece allows the country an “orderly default” and buys time, according to Moody’s.

EUR/USD: the pair shown high at $1.4400 area then started to decrease.

GBP/USD: the pair shown high at $1.6330 area then started to decrease.

USD/JPY: the pair began session at Y78.20 area, showed high at Y78.60 area and decreased.

Latest news

29.04.2024

WTI slides below $83.00 amid demand concerns, supply disruption fears to limit losses

29.04.2024

Commodities. Daily history for Friday, April 26, 2024

29.04.2024

Japanese Yen sinks below 160.00 against USD, lowest since 1986

29.04.2024

Japan's LDP loses all three seats in Parliamentary by-election on Sunday

29.04.2024

AUD/JPY rises on speculation surrounding the RBA raising policy rate

29.04.2024

GBP/USD holds positive ground above 1.2500 on weaker US Dollar, Fed rate decision looms

29.04.2024

PBoC sets USD/CNY reference rate at 7.1066 vs 7.1056 previous

29.04.2024

EUR/USD holds positive ground above 1.0700, eyes on German CPI data

Support

Personal area

Trading
- Account types
- Market
- MetaTrader 4/5
Promotions
- Promotions
Investments
- Synchronous Trading
  - Rating
  - About Service
  - How it Works
  - FAQ
Analytics
- News and Tools
- Market analysis
  - Market Opinions
  - Technical Analysis
TeleTrade
- About brand
- Сooperation

Personal area

Forex Demo Account

Start Bonus 100%

Synchronous Trading

Our Advantages

Economic Calendar

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers