Posts Tagged ‘Economy’

New Zealand Dollar Rebounds on Retail Sales


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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Real Rebounds on Brazilian Stock Market


After a week of losses versus most of the main traded currencies in

foreign-exchange markets, the Brazilian real advanced today fueled by a positive performance in commodities and equities markets.

The Brazilian real gained today versus the yen and the U.S.

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Yen Tumbles as Australia Fuels Risk Rally


The Japanese currency declined in the beginning of this Thursday’s session on Australia’s better than expected employment data, which increased attractiveness for riskier assets as the South Pacific economy recovery improves confidence among traders.

The yen, known as the best refuge currency for times of uncertainty, declined today as unemployment surprisingly fell in Australia, bringing Japanese investors to buy riskier assets overseas, as the Australian economic recovery indicates better economic conditions not only in the South Pacific region but also among its main trading partners.

AUD/JPY traded at 85.01 as of 02:35 GMT from a previous rate of 83.89 in the intraday chart.

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

Canadian Dollar Rebounds After Bearish Days


The Canadian dollar profited from a higher risk appetite session today and rebounded versus the yen and its U.S.

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Aussie Dollar Falls on New Home Loans


The Australian dollar fell sharply versus

lower-yielding currencies today as a real estate report declined optimism regarding the South Pacific economy, in a day were commodities and equities markets which have a strong correlation with the Aussie, declined.

Basically everything worked against the Australian dollar today as a report in the country showed that new home loans decreased the most in more than a year, in a day were equities dropped and demand for commodities declined, after China imposed new lending requirements for banks.

AUD/USD declined to 0.9200 as of 19:38 GMT from a previous rate of 0.9310. AUD/JPY dropped to 83.64 from 85.64.

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.

Chilean Peso Drops After Copper Rally


The Chilean peso outperformed most of the main traded currencies as a copper price rally boosted appeal for assets in Chile, which declined this Friday after the metallic commodities failed to extend their gains.

The Chilean currency had a very positive performance apart from this Friday’s slide, as the economy showed signs of improvement according to the nation’s central bank, and the copper, responsible for one quarter of Chilean exports, had an increase on its rates and demand grows globally. In the last day of this week’s session, the copper retreated bringing the peso down as well.

USD/CLP closed this week at 493.95 after trading as low as 490.95 this Friday.

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

U.S. GDP grew by 3.5% in third quarter

Growth of the U.S. economy in the third quarter amounted to 3,5%. Volume incentive program of the U.S. government allowed the country’s economy out of the very long and deep recession, with 30 years of the last century.
GDP growth in the third quarter was the first in the current year and the most significant in the past two years.

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Euro clawed back recent losses as investors moved into the “riskier” currency

The dollar snapped four days of gains against the euro as the US economy returned to growth in the three months through September, officially exiting recession.

  • The US government’s advance estimate showed gross domestic product grew at an annualised rate of 3.5% in the third quarter, the first rise since the second quarter of 2008, which beat expectations for a reading of 3.3%.

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