Archive for the ‘Currencies’ Category

Euro: Gains are volatile and increasingly vulnerable

Posted by Tushar Mathur on October 22nd, 2011

Euro on Friday seems to poses some gains and however they clung towards that gain and that seems to be volatile with overnight trade. They also seem to be increasingly vulnerable and the European leaders remained about the weekend submission about the regions debt crisis which would be their major part.

After its low on the early of the October month, which is their nine month low it seems to regain from that and last at $1.3786. There seems to have a better yields and safer zones for traders and other European countries because of German bonds.

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Yuan falls, central bank set weaker midpoint

Posted by Tushar Mathur on October 20th, 2011

On Tuesday forex trade the central bank set the weaker midpoint and that reflected in the fall of Yuan against dollar. A trader said that this is the act of government which is making the signaling so as to initiate the pause stage in Yuan appreciation.

At the point of view of traders, they said that controversial bill was being imposed before one week range which is to force the Beijing to push up the Yuan range higher against dollar and the china is about to standstill against this Yuan appreciation and their market exchange rate once it has be politicized by the US senate approval of the bill.

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Dollar vs South Africa’s rand, bonds interest foreigners

Posted by Tushar Mathur on October 16th, 2011

South Africa’s rand seems to be strong and firm against dollar. They have been at a set in the end of this week by 2.5% gain. It needs to be intact and steady for the next course of five days of trade. The reports and chart produced signify that the South Africa’s rand may close below 7.80 in course time of this week.

This close of 7.80 will indicate that the recent firming trade will however continue in future. Over the last five sessions in forex, the government bonds of South Africa’s rand is been strengthened as many foreign investors are showing their interest in buying them.

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US economy growing leading dollar to rise

Posted by Tushar Mathur on October 9th, 2011

Although there seems to be a slower growth in the US economy, the growth stills happens to be persist. The report produced by the US government says that the dollar has risen against euro. The economic growth of the euro has been trembled not just by the dollar rise but also by some troubling signals from Europe.

The rise of euro was on late Tuesday to about $1.3246 however it fell from $1.3369 (Wednesday morning) to $1.3351 (late Wednesday). Survey on the service sector tells that the companies have expanded their business in the month of September when compared with august. In august the growth was at slower pace.

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Economic uncertainty prevails in rupee as it slided 10%

Posted by Tushar Mathur on October 3rd, 2011

In a period of three months gap the rupee has slided down for nearly 10% against dollar. The high inflation has already laid a pathway to the global economic uncertainty in Asia’s economy. The import prices of oil, fertilizers food stacks like pulses and other fuel to rise double in their price and made many poor to struggle for it.

Head of RISDC of New Delhi, Biswajeet Dhar said that the India requires some imported inflation which may develop the economic status of it. Now the phase, that the rupee meeting up is the even higher inflation.

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Slightly weaker midpoint and edged lower against dollar: Yuan

Posted by Tushar Mathur on September 20th, 2011

On Monday the Yuan seemed to be lower against dollar since after the central bank was slightly weaker in the mid point in the strengthening of the dollar (US currency). The stall for the dollar has been begun initially from this month with the opening ceremony by Yuan. However, the appreciation of the Yuan against dollar was lower in the beginning of the month.

In the month of the august, the real value about the Yuan rose for about 2.28% and as per the latest data published this weekend by the (BIS) Bank for International Settlements.

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Darkening economic zone- struggling euro on debt

Posted by Tushar Mathur on September 14th, 2011

The euro is currently at a risk to fall towards $1.30 before this year end. However, the economic zone of the euro seems to be at the dark phase and their seems to be a constrain in their interest rate and also the power over solving the issues due to sovereign by the Europe authorities has been severely reduced. This value range of the currency has been broken down below $1.40.

The clustering demand was prevailing in and around in there and already six month low of about $1.3790. On Friday the ECB (European central bank) signaled about the stop of the policy as their seemed the tightening and neck around problems.

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Rupee down for one year low and by 37 paise

Posted by Tushar Mathur on September 11th, 2011

On Friday forex trade rupee was reported to be 37 paise and has hit a one year low and reached about 46.56 against dollar. The fall in rupee is mainly due to the steep fall in the local stock markets and strengthening of dollar values overseas. The weight or burden of the dollar strength has however reflected on the rupee to be down for a while.

Importers have nevertheless demanding long for dollar and thus flow of the capital is slow down and thus the rupee is been neck stuck and lowered for 37 paise.

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Yen strength will not last long –Japanese financial diplomat

Posted by Tushar Mathur on September 6th, 2011

On Friday trade result, yen, Japanese currency was reported that they would not last long say the financial diplomat of the Japanese. The double dip recession is due to USA and Europe and also by the fiscal situation and sluggish economy of the Japanese.

Former yen policy chief, Mr. Hiroshi Watanabe said that oath to be taken to make the fiscal situation not to degrade to the yen’s growth and group of 7 finance chiefs should discuss on it. As the debt crisis has however shaked the financial markets of the yen, the seven chiefs have nevertheless arranged for the meeting next week in the Marseille, French city.

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Broadly stable against euro and dollar: Swiss franc

Posted by Tushar Mathur on August 29th, 2011

On Friday investors of Swiss franc were much awaiting on the key note that was given by US Federal Reserve and the chairman was Mr. Ben Bernanke on the third round of quantitative easing. However the stability of the Swiss franc against euro and dollar was declared on Thursday themselves.

At New York close the Swiss franc value against euro was 0.1% lower than the normal. The Swiss franc was traded for about 1.1482 per euro on Thursday at 06:52 in the Greenwich Mean Time (GMT). Tight ranges at the local demand at the market have however reflected in trading forex market range, traders said.

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China’s currency is higher than the US currency

Posted by Tushar Mathur on August 21st, 2011

The china’s currency Yuan is at rise against the dollar however the report said that their rise need not seems to support the rise in their commodity as the demand for the imports is high from developed world. The vulnerable seems to provide more shocks as it leaves behind the oil to copper. The key markets are the USA and the European country and their buying power.

When the Yuan currency value range increases it will also tend to increase the buying power of the other world top commodity. Nevertheless the china’s demand for the domestic brand will not be enough to rule out the Beijing commodity buying power against that of the key ruling power country.

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Rupee ends up for 17 paise after its 8 day slip

Posted by Tushar Mathur on August 14th, 2011

Rupee has it long lasting down session for eight day now finally before Independence Day on the forex trade on Friday it was up for about just 7 paise. Now the rupee is up for about 45.34/ 45.35 paise against the dollar. This doesn’t affect anyway the dollar demand and the stock fall in the market.

Investors, traders and importers however have washed out their early gains anyway. On the 11th interbank forex trade the rupee against dollar was at 45.41/ 45.42. Nevertheless the local unit has experienced the strong rise in rupee against dollar as 45.25/ 26.

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Currency markets for yen is weakened

Posted by Tushar Mathur on August 6th, 2011

The currency markets value on Thursday doesn’t seem to support the yen range, and hence it is weaken. To ensure and safer from the spectacular rises, the nation’s economy would collapse if it is higher. In a bid of this circumstance it has failed. At the GMT it started its ground fall at 01:00 and approximately at 02:35. Their rise was abruptly marked as 78.76 dollar and however it was previously at 76.99 dollar.

Now as a chain reaction and as an impact of yen weakening, the Japanese unit seems to weaken against the euro.

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Kenya shilling edged up and peak tourism season

Posted by Tushar Mathur on August 2nd, 2011

On the Monday forex trade the Kenya shilling firmed high against dollar. The cause for this high is that the dollars has been reduced among the traders. The currency would get their support from the tourist as the tourism season has been started and it would extend for a month, so that the Kenya shilling will be steady high for at least four weeks.

On the close of Friday trade the Kenya was at 91.10 to 91.20 however at the opening and close of the Monday forex it was at 90.90 to 91.10. The statement about the firmer Kenya against dollar was produced by the commercial banks.

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India rupee gains 11 paise against the U.S dollar

Posted by Tushar Mathur on August 1st, 2011

Due to the smart gains in our domestic stock market, Indian rupee had today gained 11 paise to end at 44.07/08 against one U.S dollar on fresh dollar selling by some banks and exporters.At the Forex (Interbank Foreign Exchange) market, Indian rupee opened strongly at 44.05/06 per dollar from the Friday’s close of 44.18/19 per U.S dollar, Indian rupee closed the day at 44.07/08.

The Forex dealers had said that regenerated dollar selling by exporters and some banks on anticipations of a further fall in the United States unit overseas encouraged the sentiment of the Indian rupee.The raise has capped to some extent due to the outflows in fresh capitals.

The BSE (Bombay Stock Exchange) benchmark Sensex had today came back by more than 117 points or 0.64 per cent to reach a total of 18,314 points after diping by 674.09 points that is 3.57 per cent in the last four straight trading sessions.

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