Forex News - Dollar lower against rivals as Japan reactor situation remains in the spotlight

March 17, 2011 - PRLog -- InvestTechFX reports that during European late afternoon trade, the US dollar was trading close to record lows in comparison to both the Japanese yen and the Swiss franc, with USD/JPY tumbling down to 0.82% to hit a mark of 78.93 and USD/CHF losing 0.72% to finish at 0.9014.

The yen’s extreme sharp rise prompted speculation that the Japanese government could intervene in markets to curb the currency’s gains. Meanwhile the Swiss National Bank kept its key interest rate on a hold earlier in the day, stating that while economic growth had been more rigorous than expected recently, the European Union debt crisis and rising oil prices positioned considerable risks going ahead.

The US dollar was also lower against the euro and the pound, with EUR/USD rising 0.84% to hit the mark of 1.4017 and GBP/USD accelerating up to 0.71% to finish at 1.6139. InvestTechFX is a No Dealing Desk (NDD) and Straight Through Processing (STP) Forex company offering an industry leading ½ pip on all 6 majors while trading with the MT4 platform. InvestTechFX recently reduced their fixed spreads from 0.5 PIP to 0.2 PIP for 3 majors. When customers open an account with a deposit of $5000.00 they can receive leverage of up to 1:500. InvestTechFX recently reduced their fixed spreads from 0.5 PIP to 0.2 PIP for 3 majors.

InvestTechFX reports that earlier in the day, Spain successfully auctioned the maximum amount of long-term government bonds, in the first sale of government debt since European Union leaders agreed last week to increase the lending capacity of the region’s bailout fund.

In addition the US dollar was down against its Canadian and Australian counterparts but up against the New Zealand dollar, with USD/CAD casting off 0.47% to reach 0.9866, AUD/USD easing up 0.12% to hit 0.9849 and NZD/USD alleviating 1.02% to hit 0.7206.

Also early on Thursday, official data exhibited that Canadian wholesale trade soared to its highest level in over three years in January.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, tumbled 0.85% to hit a 10-month low. InvestTechFX software solutions deals with the Forex Market offering specialized Money Manager, IB and White Label services as well as many benefits including ½ pip fixed spreads, leverage ranging from 1:100 to 1:500 to permit the use of scalping, hedging options and Expert Advisors.


InvestTechFX sources state the dollar was almost unchanged after US government data showed Thursday that initial jobless claims declined in line with expectations last week.  A separate report showed that US consumer price inflation rose at its fastest pace in 18 months in February, driven by higher food and energy costs while underlying inflation remained contained. Meanwhile, the Federal Reserve stated that the industrial production in America recently declined unexpectedly last month.

The market in Foreign Exchange is often unpredictable and always fluctuating. Therefore if you are interested in doing trade in this market, make sure that you take the time to be knowledgeable about good strategies that can help you trade successfully. With InvestTechFX you can practice trading currencies on demo mode using the MT4 platform before depositing actual funds into a live account. As you gain experience you can turn profits for real using InvestTechFX.

In March of 2011 InvestTechFX will be offering some excellent bonuses depending on the amount of deposits made by customers. On a deposit of $250 customers will get a 10% trading bonus. $ 1000 customers will get a trading bonus of 20%  $10,000 customers will get a trading bonus of 25 %  and $20,000 deposit customers will get a  trading bonus of 30%.

It is important to keep updating yourself with the different economic trends in the international scene. After all, this currency market is greatly affected by the events that occur in the different countries and their respective economies. Familiarizing yourself with the factors that affect the FOREX market will surely help you make better decisions.