Posts Tagged ‘Dollar’

Hedging strategies- Hedging in Currency Trading

Posted by Tushar Mathur on March 13th, 2012

There is the need of generating hedging strategies in the trade of currency as to hedge against the risk exposure. There can be a marked reduction in the exposure to the currency risk via taking various positions by planning the strategic places in the spot currency market. For instance if there is a US firm that is carrying on a business with the UK looks for a protection of itself against a decrementing dollar, in that case the proper hedge in all possibilities would be shorting dollars and thereafter going for the long pounds in the currency market at the spot.

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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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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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Almost ready for second straight session- Rupee

Posted by Tushar Mathur on June 7th, 2011

Indian rupee was seemed to be steady for the second straight session as the local share values were too low and weak and also the demand for dollar from the importer side was feeble. The euro was tight firm however the US jobs data revealed that they are certainly crucial and these reports were given on Friday.

Senior forex dealer, Hari Chandramgathan said that the demand for dollar and the stock exchange value in the market is little low and the forex market is not wishing to take the participation in the market before the payrolls. The senior forex dealer deals up with the Federal Bank.

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Rupee strengthened to three week high against dollar

Posted by Tushar Mathur on May 2nd, 2011

On the Friday trade it was reported that the Indian currency (rupee) climbed up for a three week high which was possible due to the weakness of dollar overseas and also due to borrowing corporate overseas. However, in the view of traders this rise in the value is limited and payment related issues would be solved anyways.

The local unit range at Thursday’s trade was at 44.43 to 44.44 however, rupee was at 44.21 to 44.22 per dollar on Friday’s trade. Its strengthened amount increase was not seen since the month of April on 2011.

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Dollar vs South Africa’s rand slight change in trade

Posted by Tushar Mathur on March 28th, 2011

On the trade rate on Monday, we would observe that the South Africa’s bond has barely changed against the dollar. There is no much change in the domestic data as seen however it was highly expected as the rate would be affected by the interest decision made by central bank last week.

The basis points are studied to be at 8.905 in the 2026 bond range and however, it would slip down to 7.75 points in the 2015 bond range as they is a steady state change is maintained by the government bond range.

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Pound Strong Versus Dollar on Global Recovery

Posted by admin on January 12th, 2010

The U.K. currency extended Friday’s gains versus the U.S. dollar today as global optimism helped speculations that an economic recovery in the U.K. will make its currency more attractive in foreign-exchange markets. A business report published today by a private company in the U.K. indicated that confidence regarding economic conditions has improved substantially in an annual comparison, helping the pound to post another day of gains versus the greenback after a Chinese trading report suggested that the global economic recovery expected for 2010 is so far being confirmed, as both exports and imports climbed in China.

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Pound edges higher against a stronger dollar, which found support from weak consumer sentiment

Posted by admin on October 28th, 2009

Sterling closed up against the dollar yesterday, but slipped back nearly a cent from its intra-day high after a survey showed that consumer confidence in the US disappointed market expectations. In early trading, the markets continued to take the pound higher with analysts noting that long term investors and Asian reserve managers were attracted by sterling’s one-week low. This trend was maintained as the UK CBI retail sales index advanced to a balance of +8 in October from a balance of +3 in September, the largest advance since June 2007, beating forecasts.

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Corporate reports coming week will support the stock market

Posted by admin on October 26th, 2009

S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058. Reason to worry: the Dow Jones transport index over the last three trading days had fallen by 6%. The dollar set new lows, rates on 10-year bonds rising. This means that while the market remains optimistic. Our strategy for today “to buy at lower prices, and we still hope to achieve our medium-term goals for S & P500 at 1121.S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058. Reason to worry: the Dow Jones transport index over the last three trading days had fallen by 6%.Week ugotovila a lot of interesting statistics: consumer confidence, orders for durable goods and GDP for the 3 rd quarter in the U.S., not counting the other data.Saxo Bank

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Sterling made substantial ground on the dollar yesterday as the BoE showed no sign of loosening montary policy further

Posted by admin on October 22nd, 2009

Dollar selling in the market was stepped up with investors moving into the pound as the MPC minutes proved more positive than expected. The pound climbed over 1.66, posting a two and half cent gain against the dollar as the minutes from the Bank of England’s October monetary policy meeting struck a less dovish tone than recent comments suggested. Analysts said the most important story within the release was the fact that in the September meeting, governor Mervyn King thought an expansion of the central bank’s quantitative easing programme could be justified. But there was no mention of that in this latest meeting.

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The British pound traded with a positive attitude

Posted by admin on October 21st, 2009

The British pound traded with a positive attitude and has already reached sessional maximum near $ 1.6430 – support the currency has a general weakening of the U.S. dollar, as well as the comments of the Bank of England Governor Mervyn King that “at some point, interest rates return to normal levels. King also noted that now rates are at extremely low levels, and is not yet known how long this situation will persist. Now couple pound / dollar was at $ 1.6429 otmekte – Offer near the level of $ 1.6425 until restrain upward movement pair.

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Pound reached over $1.64 yesterday, but has slipped half a cent in trading this morning

Posted by admin on October 20th, 2009

Having traded in the red during the morning session, the pound rebounded back over $1.64, climbing for the fifth consecutive day and reaching a near one-month high of $1.6422. The pound initially fell against the dollar, relinquishing last week’s gains after the Sunday Times said Bank of England policy maker Adam Posen may support an extension of the central bank’s asset-purchase programme. Posen added that he was “not worried about overshooting inflation right now,” which many analysts have said will become an issue as the economy begins to grow. Last week, following the words of Mr Fisher, the market moved to discount a scenario where it was more likely that asset purchases would be paused.

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Aussie edged higher vs the pound again yesterday, but sterling has rebounded following upbeat comments from a BoE policymaker

Posted by admin on October 15th, 2009

The aussie edged higher yesterday as continued strong demand for the high-yielding currency offset positive employment data in the UK. The UK currency found early support following better-than-expected employment data that revealed the rate of people claiming benefit allowance was declining.However, the news was unable to buoy a broadly weaker pound, with investors continuing to be attracted by the recent rate rise and general positive sentiment surrounding the Australian economy. The aussie also took advantage of rallying equity markets, which took their lead from better-than-expected quarterly earnings at JP Morgan reinforcing the notion that economic conditions are improving.

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Sterling is making strong headway against a weakened dollar, advancing towards 1.62

Posted by admin on October 15th, 2009

Sterling made strong gains in early trading yesterday following better-than-expected employment data, but the price pulled back to close up 0.4% at $1.5980. The number of UK jobless claiming unemployment benefit rose by 20.8K in September, less than the forecast figure of 25.1K, and the smallest rise since May 2008, enabling the pound to post an intra-week high of $1.6022. The greenback also suffered from comments made on Tuesday evening from Fed Vice Chairman Donald Kohn, which supported speculation that the dollar downtrend will be broad and continuous for some time to come.However, the dollar trimmed its losses in the afternoon following a drop in sales figures.

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