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Posts Tagged ‘Economic Recovery’
The truth about indicators of economic sentiment
Euro managed to push through $1.50, but has slipped this morning following mildy disappointing Chinese data
The single currency resumed its upward march against the greenback yesterday, finally broaching the 1.50 mark, to close up half a cent at 1.5015.
Dollar “bulls” and “bears” met at the border
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Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes
Sterling climbed over a cent and a half against the kiwi in trading yesterday as the market briefly turned bearish on higher-yielding currencies.
Improving global economic sentiment continues to raise demand for kiwi assets, boosting the NZ currency vs the pound
The kiwi advanced over three and a half cents (1.6%) against the pound yesterday as investors showed renewed enthusiasm for risky assets.
Euro pushes higher but finds strong resistence at $1.50
The single currency resumed its climb against the dollar in trading yesterday, supported by rising confidence in the global recovery, closing the day up 0.4%.
- The euro hovered just below the psychologically important 1.50 level as the US dollar remained under selling pressure on expectations that US interest rates will remain pinned at record lows well into 2010.
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Sterling traded strongly at the end of last week against the kiwi but has slipped back sharply this morning
Sterling managed to close last week at a near two-week high of 2.2056 against kiwi, as the UK currency continued to build on support from a BoE official.
Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning
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.
Euphoria over the corporate reporting continues
Bank “JPMorgan” yesterday issued a strong quarterly report, which, together with the report “Intel” has become the main acting force growth on the stock exchanges.
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The positive news and comment from New Zealand and Australia strengthened the downtrend of the dollar
The increase in retail sales spurred the New Zealand dollar
In connection with national holidays in the United States and Canada yesterday for the currency market was relatively quiet.
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The kiwi continues to climb vs sterling following strong retail sales data in NZ
The pound edged lower against the kiwi dollar yesterday as investors continued to shift their funds into high-yielding currencies, with the pair closing at 2.1542.
- Commodity and equity markets rallied higher yesterday, including a rise of nearly a percent in the Nikkei 225 and the Shanghai Composite, which maintained strong demand for the kiwi.
The aussie continues to trade strongly, supported by risk appetite in the market
The aussie climbed a further two cents yesterday as figures revealed rising employment in Australia, and as rising risk appetite supported strong demand for high yielding currencies.
- The Australian dollar continued to push higher as encouraging data from the labour market gave investors further cause to buy into Australian assets.
Euro advanced against the greenback, buoyed by a relatively upbeat ECB rate statement
The single currency climbed to a two week high of 1.4815 yesterday as investors continued to sell the dollar to fund riskier trades.
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The aussie stumbled yesterday, enabling the pound to gain as investors took profits
The pound reversed a three-day slide against the aussie, posting gains of nearly a cent as investors took an opportunity to lock in profits.
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