Trading in foreign exchange market is different from trading in other financial markets. The difference lies mainly in the valuation. Normally in the financial markets, the valuation is done on solitary basis.
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The Aussie rebounded after losing versus most of
AUD/USD traded at 0.9053 as of 00:09 GMT from a previous rate 0.9034 when markets opened Sunday evening.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
After China announced it will take further measures to control inflation in the country, which can be understood with implied slower economic growth, the South Korean currency declined versus most of its main trading partners currencies, as was the worst performer in the Asian region this week in
USD/KRW ended the week at 1,152.50 from an opening rate of 1,136.2 this Friday.
If you want to comment on the Korean won’s recent action or have any questions regarding this currency, please, feel free to reply below.
The U.S.
Click to continue reading “Dollar Benifits From Chinese Lending Requirements”
The British currency had a favorable performance today versus multiple
After inflation surpassed analysts estimates and Bank of England’s target today, the pound gained considerably versus most of the main traded currencies, specially versus the euro, as Greece’s budget deficit is still affecting the currency’s outlook, and ths Swiss franc, which had a rally halted as fears of interventions from the nation’s central bank emerged.
EUR/GBP slid to 0.8727 as of 23:41 GMT from a previous rate of 0.8785 yesterday.
If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.
The euro tumbled today versus most of the
The European single currency dropped versus most of the 16 main traded currencies today as the outlook for the economic bloc declined considerably after theGerman ZEW Economic Sentiment report brought negative data to traders, which opted for other currencies in the region and overseas as Germany is the main economy currently using the euro.
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The Swiss franc gained versus several
Even if the Swiss National Bank President Philipp Hildebrand stated last week that franc’s fluctuations will be monitored closely, expressing concern with the Swiss currency high rates, the franc advanced today versus the euro as traders feel it is still undervalued versus the European single currency. According to analysts, the SNB will impose more than verbal interventions anytime soon as long as the franc continues bullish.
EUR/CHF traded at 1.4740 as of 21:31 GMT from an opening rate of 1.4753 yesterday.
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After a week of losses versus most of the main traded currencies in
The Brazilian real gained today versus the yen and the U.S.
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This Friday’s shift in market sentiment allowed the U.S. dollar to post a weekly advance versus most of the main
The dollar gained significantly versus commodity producer currencies like the Brazilian Real and the Australian dollar towards the end of this week as China’s new lending restrictions raised concerns that demand for raw materials may decline in the country, affecting exports from these countries.
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The Swedish krona ended this week gaining versus the European single currency as Greek’s budget deficit is once again affecting the outlook for the euro, which also declined versus most of the main traded currencies in
The krona ended this week with a third consecutive day of gains versus the euro after Greece’s deteriorating economic health is raising concern towards traders regarding the Eurozone, after European Central Bank President
EUR/SEK ended the week at 10.17 from 10.22 on Monday when markets opened.
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The Australian dollar was one of the most affected currencies today as speculations that Chinese lending requirements will slow down the global economic recovery impacted traders’ sentiment, declining appetite for
The Aussie and the kiwi declined today versus most of the main 16 traded currencies, after one of its main trading partners, China, is likely to reduce property loans after the government set new restrictions for lending money in the nation’s banks, fueling speculations of an economic slowdown and consequently raising risk aversion in trading markets towards the end of this week’s session.
AUD/CAD traded at 0.9502 as of 19:02 GMT from a previous rate of 0.9525 yesterday.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
The Canadian dollar declined versus its U.S. counterpart and
The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York and Toronto.
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Demand for safety rose today as concerns among investors that Chinese lending limits announced this week by the nation’s government may impact the global economic performance, allowing the yen to beat all of the main traded currencies in
The yen gained today versus greenback as reports in the world’s wealthiest country came slightly below forecasts, also showing a slow down in the inflation.
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