Tag: obama

USD strengthens despite debt deal impasse

Despite claims that the US debt standoff was nearing resolution on Monday, the situation is still unresolved with just one day to go until...

US debt deal hopes boost USD, AUD

Raised expectations that the US government will reach a deal to avoid defaulting on debts has seen risk return to the markets, with the...

No end in sight for the shutdown, USD continues to fall

The continuing shutdown of the US government is continuing to weigh on the dollar, which neared an eight month low this morning. Meanwhile, the...

Euro rebounds after Berlusconi backs down, USD under pressure

  Today, Italian Prime Minister Enrico Letta faces a vote of confidence to keep his beleaguered coalition government in power just seven months after the...

US Government Shutdown Spooks Markets

  A political stalemate over the budget has led to the first US government shutdown in 17 years, sending the dollar into freefall. In the...

Turmoil in Italy and US Sends Safe Haven Currencies Soaring

Political turmoil in Italy and the US has sent investors flocking to safe haven currencies such as the yen and the Swiss franc this...

Could Middle East Tensions Send Oil Prices Soaring? Infographic

With the developed world still heavily reliant on Middle East oil for its energy needs, the recent tensions in the region have raised anxieties...

Dollar Plummets as Summers Pulls Out of Fed Race

The US dollar index dropped to a four-week low this morning on the news that former treasury secretary Lawrence Summers has pulled out of...

Yen Slumps as Russia Proposes Syria Crisis Solution

After rallying strongly last week amid rising tensions over the Syria issue, the safe-haven yen slumped to a three and a half month low...

Risk Aversion Subsides, Dollar Soars Against Yen

With concerns about a possible American-led military strike in Syria subsiding over the weekend, the dollar rallied strongly against the yen, hitting a one-month...

USD Rises Against JPY as Syria Tensions Ease

With President Obama notably failing to commit to any firm plans for military action in Syria, tensions in the market have eased slightly, pushing...

Syria Stand-Off Puts Markets in Risk-Aversion Mode

The recent events in Syria have put markets in a spin, with investors nervous about the impact that a wider war might have. With...