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During Friday trading session the euro moved down against the dollar. The common currency was down 0.55 percent at $1.4220, more than a cent below the day's high around $1.4345. Such a rapid fall can be explained by the recent events related to Spanish protests and Greece's debt problems.  

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FXGM has announced a free forex seminar on May 5th in its Nicosia offices. Every person can attend this seminar. 

FXGM has announced a free forex seminar on May 5th in its Nicosia offices. Every person can attend this seminar. 

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Thank you for allowing me the opportunity to share my thoughts. My name is Edwin McKenzie and I’m the administrator of Fxeconomy.

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The Swiss franc recovered from its previous session's narrow downtrend against majors during early trades in Europe on Wednesday.

The franc reversed its course after hitting a session's low of 0.9536 against the US dollar following the KOF data. If the franc strengthens further, it may target the key 0.95 resistance in near-term and a further significant headway could help to retest yesterday's fresh highs around the 0.9440 level.

The greenback declined versus major counterparts in its late session in Asia. In Monday trades the US dollar fell to a 5-day low versus the euro, 4-day low against the pound and a new multi-week low versus the yen.

The greenback declined against the euro in late Asian session and fell to a 5-day low of 1.3171 by about 2:00 am ET today. As of now, the greenback is trading near 1.3153 versus the euro from early high of 1.3074.

During early deals in Asia the greenback depreciated in spite of upbeat economic stats as euro regained some ground after the European Union leaders agreed on rules and the creation of a rescue fund for helping debt-laden eurozone economies.

The dollar depreciated by more than 0.7 percent to reach a 2-day low of 1.3279 against the euro around 8:25 pm ET from yesterday's 6-day low of 1.3182. On the downside, the greenback may find target around the 1.3420 level.

The yuan started trading against the Russian ruble from yesterday as China allowed the transactions in a move to promote the currency’s use in global trade and finance. According to a statement released by the China Foreign Exchange Trade System, a subsidiary of the People’s Bank of China, the move will help “facilitate bilateral trade between China and Russia and help develop yuan trade settlements.”

During early Asian deals on Thursday the US dollar slipped down versus major counterparts as a weaker- than -expected reading on U.S. inflation supported the Fed's policy of quantitative easing. The dollar fell to a 2-day low against the euro, franc, Aussie and the NZ dollar.

The dollar slipped against the euro in Asian session on Thursday. The euro-dollar pair that closed yesterday's trading at 1.3529 is presently worth 1.3603. This set a 2-day low for the dollar. The next downside target level for the dollar is seen at 1.366.

In early Asian deals on Monday the Japanese yen dropped versus its major counterparts as a rise in some Asian stocks and upbeat economic reports from New Zealand and Japan revived investors' risk appetite.

The yen tumbled to a 7-week low against the pound and multi-day lows against the dollar, euro and the franc.

The Japanese yen showed choppy trading during early Asian deals on Thursday as investors stay cautious ahead of the Group of 20 nations summit in Korea.

G-20 leaders meet in Seoul today and are expected to keep discussing the so-called 'currency wars', where nations compete to devalue their exchange rate in a bid to stoke exports.

The yen is currently worth 113.40 against the euro, 132.79 against the pound and 84.83 against the franc.
 

The euro dropped during its early European deals on Monday. The common currency declined to near a 6-week low against the pound and new multi-day lows against the dollar and the yen as investors remained cautious on sovereign debt issues among some eurozone economies.