Thread: Forex News from InstaForex

Malaysian Ringgit Drops To 2-week Low Against US Dollar




The Malaysian ringgit extended its 2-day losing streak against its US counterpart in early Asian trading on Friday, falling to a 2-week low of 3.2392, down from 3.2305 hit late New York Thursday.
The near-term support for the ringgit is seen around the 3.24 area, a level last seen in early October.


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Yen Strengthens Against Majors




The Japanese yen climbed against other major currencies in Asia on Monday.
The yen reached a 10-day high of 167.34 against the pound, 5-day high of 141.21 against the euro, 4-day highs of 102.64 against the greenback and 115.53 against the franc.
The yen is likely to face upside target around 101.6 against the greenback, 114.00 against the franc, 166.00 against the pound and 140.00 against the euro.


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Yen Climbs Against U.S. Dollar



The Japanese yen advanced against the U.S. dollar in Asian trading on Tuesday.
The yen rose to 102.91 against the greenback, up from an early low of 103.10. The next possible resistance for the yen is seen around the 102.00 zone.


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Malaysian Ringgit Declines To 2-1/2-month Low Against U.S. Dollar





The Malaysian Ringgit fell sharply against the U.S. dollar in Asia on Wednesday as traders await the Federal Reserve's decision on monetary policy due later in the day.


The ringgit hit 3.2560 against the greenback for the first time since October 4. If the ringgit slides further, it may face support at the 3.28 zone. The pair finished trading at 3.2485 yesterday.


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Pound Hits 2-week High Against Euro




The pound gained ground against the euro in Asian deals on Thursday.
The pound reached 0.8339 against the euro, its highest since December 5. The pound is poised to seek resistance around the 0.827 mark. The pair was worth 0.8355 at yesterday's close.

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New Zealand's Credit Card Spending Rises In November



New Zealand's credit card spending increased sharply in November, the latest data released by the Reserve Bank of New Zealand showed Friday. Card spending rose 3.5 percent month-on-month in November following a 0.5 percent fall in the preceding month. Year-on-year, spending grew 6.9 percent. Domestic billings on New Zealand issued cards rose 3.9 percent on a monthly basis and overseas billings on domestically issued cards increased 4.1 percent.

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NZ Dollar Declines Against Australian Dollar



The New Zealand dollar slipped against the Australian dollar in Asian deals on Monday.
The kiwi fell to 1.0897 against the aussie, compared to last week's closing quote of 1.0859. Further downtrend may lead the kiwi to seek support at the 1.097 area.

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Indian Rupee Falls To 2-day Low Against U.S. Dollar



The Indian rupee weakened against the U.S. dollar in morning deals on Thursday.
The rupee fell to a 2-day low of 61.915 against the greenback. Further weakness could help the rupee to find support at the 62.6 area.


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Japan November Unemployment Rate 4.0%




The unemployment rate in Japan came in at a seasonally adjusted 4.0 percent in November, the Ministry of Internal Affairs and Communications said on Friday - unchanged from the previous month but missing forecasts for 3.9 percent.

The job-to-applicant ratio was 1.00, topping expectations for 0.99 and up from 0.98 in October.

The total number of employed persons in November was 63.71 million, an increase of 740,000 or 1.2 percent on year.

The total number of unemployed persons in November was 2.49 million, a decrease of 110,000.


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Swiss Franc Trades Lower Against Majors



The Swiss franc drifted lower against its major opponents in the Asian session on Thursday. The franc reached a 6-day low of 0.8937 against the greenback and 2-day low of 117.83 against the yen, off an early high of 0.8909 and a 2-day high of 118.24, respectively. The franc declined to 1.4822 against the pound, its lowest level since December 4. Against the euro, the franc reached a new 4-week low of 1.2287. The franc is likely to face support around 116.00 against the yen, 1.49 against the pound, 1.235 against the euro and 0.905 against the greenback.

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