The single currency slipped back from a fresh 14-month high against the dollar following further comments from the ECB that expressed apprehension over the euro’s strength.
Posts Tagged ‘Economic Data’
Lower equites, dulled risk appetite yesterday enabling the US dollar to post gains against the euro
Posted by Forex News Resource on October 21st, 2009
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Sterling edged down against the dollar yesterday, but is currently trading back over 1.65 this morning
Posted by Forex News Resource on October 21st, 2009
Sterling capped its five-day upward trend against the dollar, falling back from a one-month high of $1.6487 as weak economic data supported the haven currency.
- In early trading, sterling held steady against the dollar after UK public finances showed a weak figure but better than market expectations, which offset the negative impact of news that Qatar are selling a significant stake in Barclays bank.
Improving global economic sentiment continues to raise demand for kiwi assets, boosting the NZ currency vs the pound
Posted by Forex News Resource on October 20th, 2009
The kiwi advanced over three and a half cents (1.6%) against the pound yesterday as investors showed renewed enthusiasm for risky assets.
Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning
Posted by Forex News Resource on October 16th, 2009
The single currency pushed higher once again as the greenback suffered from rising appetite in the wake of positive economic signs.
- The dollar initially made after ECB President Trichet said that the US government and the Federal Reserve should pursue policies supporting a strong dollar and that excessive foreign-exchange volatility is an “enemy.”
- However the euro trimmed its losses in the afternoon following positive US data, which bolstered expectations that the economy is recovering.
Kiwi halted its climb yesterday, as demand for higher-yeilding currencies weakened
Posted by Forex News Resource on October 8th, 2009
Sterling reversed a three-day decline against the kiwi, posting marginal gains following a rise in risk aversion, closing the day at 2.1682.
Sterling posted gains vs the single currency, with the market forecasting no change in MPC policy
Posted by Forex News Resource on October 8th, 2009
Having hit a fresh six-month low against the single currency in early trading , the pound rebounded yesterday, to close up half a cent at 1.0864.
Negative UK economic data pushes the pound down against a broadly weakened dollar
Posted by Forex News Resource on October 7th, 2009
Sterling was unable to capitalize on an early rally against the dollar as weak economic data reaffirmed fears over the fragility of the UK recovery.
- Sterling initially advanced over a cent yesterday morning as selling pressure on the US currency mounted following an article stating that the dollar could cease to be used in oil trades in the Gulf States.
The kiwi was weaker in trading yesterday following some concerning US economic data
Posted by Forex News Resource on October 2nd, 2009
The pound made gains yesterday, taking support from a revised IMF report and an easing of risk activity to close the day at 2.2316 up 0.7%.
- Rising risk aversion enabled the pound to advance over a cent against the kiwi yesterday, with investors retreating into haven currencies.
The euro slid sharply against the dollar yesterday, weighed down by a rise in risk aversion
Posted by Forex News Resource on October 2nd, 2009
The dollar rallied against the single currency yesterday after a run of disappointing manufacturing data left investors unwilling to take on risk.
- The single currency took a sharp downward turn, weighed down by comments from a top European official who expressed concern about the value of the euro.
Aussie made strong gains yesterday as further positive economic data supported investor demand
Posted by Forex News Resource on October 1st, 2009
Tuesday’s gains for the pound proved short lived as the aussie advanced over two cents (1.3%) to send the price down to a close of 1.8091.
Euro advanced yesterday but its progress has been halted today in the wake of dovish euro speculation
Posted by Forex News Resource on October 1st, 2009
The euro pushed higher against the dollar yesterday in choppy trading, even as disappointing US economic data weakened stocks.
- The single currency made strong gains yesterday morning, supported by the results of the ECB cash tender offer.
Positve UK data enabled the pound to reverse losses against the aussie yesterday
Posted by Forex News Resource on September 30th, 2009
The pound reversed recent losses to gain 0.75% on the aussie yesterday in the wake of some positive economic data, which spurred investor demand.
- A GDP revision showed that British output contracted 0.6% in the second quarter compared with activity in the first three months of 2009, better than the previous estimate of -0.7%, according to the Office for National Statistics
- This data was supported by higher realised sales and an increase in net lending to individuals, which, together, underlined hopes that the UK should pull out of recession in the 3 rd quarter.
More positive investor sentiment returned to the UK yesterday, supporting a slight pound recovery
Posted by Forex News Resource on September 30th, 2009
Sterling reversed a four day slide against the dollar yesterday, supported by positive economic data that included another upward revision of the 2nd quarter GDP figure.
Pound fell lower against the dollar yesterday, but found some support to ease its rate of decline
Posted by Forex News Resource on September 29th, 2009
Sterling fell as persistent bearish sentiment pushed it to an intra-day four-month low of $1.5796 against the dollar, before closing at $1.5882.
- The pound managed to pull back slightly from early losses after Chancellor Alistair Darling made a speech in which he reiterated the need to curb “reckless” bonuses.
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Sterling is currently trading higher against the aussie following upbeat comments and a move to cash profits
Sterling recovered some of its recent extensive losses against the aussie dollar yesterday, climbing over two cents, to close up at 1.7668.
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