Archive for the ‘Currencies’ Category

Yuan ended down slightly against dollar

Posted by Tushar Mathur on November 17th, 2011

On Monday forex trade the Yuan ended slightly down against the dollar after the china’s central bank has given a notification on the set of the midpoint value change. Hu Jintao, Chinese president decided that the government has planned to keep the Yuan steady for a while and so it has been slightly down.

Chinese president added that however, because of this decision neither the US trade nor their employment problem that prevail over there is not being solved even they used to have a greater appreciation in Yuan versus dollar.

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Swiss franc hovers low against dollar

Posted by Tushar Mathur on November 14th, 2011

On Friday forex trade the Swiss franc lowered against dollar. However it has previously moved inch by inch down and finally reached this stage. It had hovered about one month low against the greenback dollar. Nevertheless the intensive worry is that the Europe future is more attracted towards the dollar and it tends to make this dollar more attractive in the market.

To limit on the Swiss franc’s appreciation the SNB (Swiss National Bank) set a cap for the Swiss franc against the euro on the month of September. However the hovering movement and ups and downs of the franc and dollar was closely noticed and they were highly compared with that of the euro vs dollar.

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Rupee strengthened, local share up, high dollar demand

Posted by Tushar Mathur on November 7th, 2011

Rupee is been strengthened in the third session on Friday and the local share has gained a fully fledged expectation because of the foreign funds. Nevertheless the dollar demand is also weighed and these oil refiners are seem to putting the lid of gain from overseas. The euro seems to gain a referendum call from Greek government and Italy.

Expectation of the dealer is that the local unit is at 48.80 to 49.20 every day. At Thursday close of rupee was at 49.14/ 49.15 however at Friday opening it was at 49.08/49.09 per dollar. It has developed far from the ranges 48.98 to 49.11 every day.

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Yen rose against major currencies, euro debt crisis break down

Posted by Tushar Mathur on October 31st, 2011

The dollar fell for record low against yen since after the news on the US consumers view on the economy was said and it was since the middle of the great recession. On Tuesday it was noted that the Japanese currency, yen rose against major other currencies and it was seemed to be US consumer sentiment weak and also the euro debt crisis issue also seems to breakdown for a while.

The Conference Board Index said that the index value is low and it is marked to be far lower than that analysts have expected. The consumer sentiment has made it worse since March 2009.

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Rupee- appreciated by 32 paise against dollar

Posted by Tushar Mathur on October 29th, 2011

Rupee has got further appreciation for 32 paise against dollar as it has settled at the final value as Rs. 49.50 to 49.51. Dollar has set up a strong selling rate by exporters and a sustain rise in the local ranges of equities. Nevertheless of the dollar selling rate their weakness overseas and their capital flaws and downs has boosted the rupee to be higher by the outlook.

Domestic unit rupee value closed at 49.82 previous day and on today the interbank forex market revealed that the close has been higher to about 49.67 however they were about to reach a low of 49.80 in the early morning trade and by some weakness in the stocks the rise in the interest rates was finally announced by the central bank.

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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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