Posts Tagged ‘Decline’

South Korean Won Biggest Loser in Asia on Risk Aversion

Posted by yehya on January 23rd, 2010

The South Korean currency, one of the best performers in 2009 among Asian emerging markets, had a severe weekly decline as risk aversion remained predominant after China’s statements regarding new regulations on its economy.

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 foreign-exchange markets.

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.

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New Zealand Dollar Rebounds on Retail Sales

Posted by yehya on January 21st, 2010

After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy.

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Pound Climbs on House Prices, Optimism

Posted by yehya on January 18th, 2010


The U.K. currency profited today from an increase in the nation’s house prices, fueling even further speculations that the recession might be ending in Britain, attracting investors to purchase

pound-priced assets in a day of bullish equities markets in London.

In a day of predominant risk appetite as commodities and equities advanced in the U.K., the pound profited from an optimistic scenario in the country as Rightmove Plc, a leading British real estate website, indicated that house prices increased last month, adding evidences for speculations that Bank of England’s current asset purchase program may expire next month and not be extended further, which would certainly allow the pound to climb in foreign-exchange markets.

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Brazilian Real Declines on Treasury Plans

Posted by yehya on January 14th, 2010

The Brazilian real posted the fourth straight day of decline versus the U.S. dollar as speculations suggest that the Treasury is likely to start a debt selling plan to buy dollars, declining attractiveness for the real in currency markets.

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Norwegian Krone Tumbles as Commodities Rally Slow Down

Posted by yehya on January 12th, 2010

After several days gaining versus the dollar and the euro, the Norwegian currency slid versus main traded currencies as a bearish day in equities markets and decreased demand for commodities shunned investors from assets in the Nordic country.

The Norwegian krone was affected today as the crude oil, the nation’s chief export, had a decline on its rates after China imposed new lending requirements for banks in the country, affecting markets’ sentiment, consequently impacting stock markets and demand for high-yielding currencies.

USD/NOK traded at 5.6518 as of 19:08 GMT from today’s opening rate of 5.6174.

If you want to comment on the Norwegian krone’s recent action or have any questions regarding this currency, please, feel free to reply below.

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Ruble Gains Sharply on First Russian Trade Day

Posted by yehya on January 12th, 2010

In the first day of trading for Russian stocks in 2010, the national currency posted a sharp rise as equities in the country, extremely related to commodities, climbed with full force, as stock markets in the country were closed last week.

The ruble benefited today from a strong demand for oil in the Northern Hemisphere as this winter is being of the most intense during the past decade, forcing the crude beyond $83 a barrel, allowing Russian stocks to gain sharply and consequently providing support for the nation’s currency to post the sharpest advance in a decade today versus the greenback.

USD/RUB closed today at 29.30 today from an opening rate of 29.868, a decline of almost 2 percent.

If you want to comment on the Russian Ruble’s recent action or have any questions regarding this currency, please, feel free to reply below.

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Swiss Franc Retreats After Central Bank Statement

Posted by yehya on January 11th, 2010

The Swiss currency had its previous week rally versus currencies like the pound and the euro halted today after the national central bank took a position against further advances of the franc, as the current appreciation was considered excessive by SNB officials.

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Payrolls Cause Dollar’s Weekly Decline

Posted by yehya on January 9th, 2010

The U.S. currency was performing quite well during most of this week’s session as optimism regarding the U.S.

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Dollar was buoyed at the end of last week as risk appetite waned

Posted by Forex News Resource on November 2nd, 2009

The greeback pulled back from its sharp sell-off on Thursday, as weak US economic data spurred a return to risk aversion.

  • In early trading, the dollar continued to lose ground following the better-than-expected US growth data, however the GBP/USD rally was capped at 1.6600, and the UK currency pulled down steadily, eventually closing down 0.6% ay 1.6448.

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Pound extended gains against the euro, buoyed by positive economic data

Posted by Forex News Resource on October 30th, 2009

The pound continued to rally yesterday and is now poised to snap a three-month decline versus the euro, as the UK showed positive economic signals.

  • Data from the Bank of England revealed that UK net consumer lending rose less than expected in September but the number of loans approved for house purchases did hit its highest level in 18- months.

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RBS recommends buying euro / dollar on the decline

Posted by maradona on October 29th, 2009
As the currency analysts Royal Bank of Scotland, the rising trend of the euro remains in force, and investors should buy the currency at lower.

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M3 euro zone fell to 1.8% in September

Posted by maradona on October 27th, 2009
M3 euro area (an indicator of the money supply) amounted to 1,8% in September compared with 2.6% in the previous month.

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UK economy contracted by 0.4%, which has and will continue to weigh heavily on sterling

Posted by Forex News Resource on October 26th, 2009

In an uncertain day for the UK economy, the pound lost as much as 2.0% to the euro on Friday, sharply reversing its recent rally to close down at 1.0862.

  • Data revealed that the UK economy unexpectedly contracted by 0.4% between July and September this year, confirming that the UK is still in recession.

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Number of applications for unemployment benefits in the United States rose to 531 thousand

Posted by maradona on October 23rd, 2009
The number of primary applications for unemployment insurance in the United States increased over the past week for the first time after two weeks of decline.
Index rose for the week of October 17 to 11 thousand to 531 thousand, being at the highest level since 26 September.
At the same time, the number of Americans continuing to receive unemployment benefits fell for the week to October 10 to 98 thousand to 5.92 million. This indicator is at record low level since March this year.
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UniCredit: euro / dollar is preparing to break through 1.50

Posted by maradona on October 20th, 2009
As the currency analysts UniCredit, the weakening U.S. dollar continues and does not even try to slow down, thus, believe in the bank, no data on the U.S.

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