Posts Tagged ‘Economy’

Dollar vs South Africa’s rand, bonds interest foreigners

Posted by Tushar Mathur on October 16th, 2011

South Africa’s rand seems to be strong and firm against dollar. They have been at a set in the end of this week by 2.5% gain. It needs to be intact and steady for the next course of five days of trade. The reports and chart produced signify that the South Africa’s rand may close below 7.80 in course time of this week.

This close of 7.80 will indicate that the recent firming trade will however continue in future. Over the last five sessions in forex, the government bonds of South Africa’s rand is been strengthened as many foreign investors are showing their interest in buying them.

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Slightly weaker midpoint and edged lower against dollar: Yuan

Posted by Tushar Mathur on September 20th, 2011

On Monday the Yuan seemed to be lower against dollar since after the central bank was slightly weaker in the mid point in the strengthening of the dollar (US currency). The stall for the dollar has been begun initially from this month with the opening ceremony by Yuan. However, the appreciation of the Yuan against dollar was lower in the beginning of the month.

In the month of the august, the real value about the Yuan rose for about 2.28% and as per the latest data published this weekend by the (BIS) Bank for International Settlements.

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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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Aussie dollar now at relief rally

Posted by Tushar Mathur on June 2nd, 2011

Aussie, the Australian dollar is now at the stress free rally on the trade on Wednesday. The kiwi is also relaxed as they have seen their heights in recent days and developed a little from their lows. Aussie is now much scared to trade or has any contracts as they showed up their economy status. They showed that their GDP (Gross Domestic Product) is 1.2% in the mid of the march.

Before three weak when we look at the values of the Australian dollar it was at $1.0757 which is considered to be the peak value and that was set as reference on Tuesday whereas on Wednesday it was at $1.0751.

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Swiss National Bank interest rate decision moved Swiss franc higher

Posted by Tushar Mathur on March 20th, 2011

The value of Swiss franc has reached high due to the rate interest decision made by Swiss National bank. Due to the crisis that took place in Japan, both investors and traders were must worried about the trade market. And so considering this factor the rate interest decision was made by the SNB.

National bank announced that they will be discussing about its rate interest and growth inflation rate at countries. They strongly said that it would be helpful for the growth of the country and its economy. According to the view of 37 economists they feel that the SNB should retain their LIBOR unchanged for the same percent (0.25%) as the inflation is too low.

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South Africa bond weak, gains higher against dollar

Posted by Tushar Mathur on March 4th, 2011

Though South Africa is now facing the weakness among its government bonds it has a continuous gain against dollar. It has achieved a constant increase over these past six weeks. As per dealers views it reached high on Thursday and still expected have gains during this session.

 

The yield at 2015/2026 is expected to reach high by 120 basis points. It has been expected to reach 7.725 percent where it will face 2.5 basis point increases. And still on 2026 yield it will be at 8.925 percent where the increase will be 5 basis points high.

 

The government bonds are facing some losses since last week.

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New Zealand Dollar Rebounds on Retail Sales

Posted by admin 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. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency as figures came better than forecasts suggested. NZD/USD traded at 0.7227 as of 12:51 GMT from as low as 0.7185 hours earlier.

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Real Rebounds on Brazilian Stock Market

Posted by admin on January 18th, 2010

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. dollar as demand for commodities and optimism regarding the nation’s economy allowed the South American currency to revert a negative trend that lasted five consecutive days. A great sum of capital inflows to Brazilian stocks also influenced on the good performance of the real this Monday. USD/BRL traded at 1.7661 as of 19:54 GMT from an opening rate of 1.7715.

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Yen Tumbles as Australia Fuels Risk Rally

Posted by admin on January 14th, 2010

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.

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Canadian Dollar Rebounds After Bearish Days

Posted by admin on January 13th, 2010

The Canadian dollar profited from a higher risk appetite session today and rebounded versus the yen and its U.S. counterpart as equities rose in North America, allowing the correlated loonie to profit from this trading scenario. After two days losing in currency markets as concerns that the Canadian economic recovery is not as robust as analysts suggested, the loonie rebounded today, profiting from a positive performance of stocks and commodities, which have an extreme influence in the Canadian currency rates as raw materials exports are responsible for a big cut on the country’s international trade. The Canadian dollar also benefited from a less attractive U.S.

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Aussie Dollar Falls on New Home Loans

Posted by admin on January 12th, 2010

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.

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Chilean Peso Drops After Copper Rally

Posted by admin on January 9th, 2010

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.

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

Posted by admin on October 30th, 2009

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. Before reporting period, U.S. GDP has been declining steadily for four consecutive quarters. This was the first time since the Great Depression.Compared with the same period last year, U.S. GDP fell by 2.3%.

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

Posted by admin on October 30th, 2009

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%. The data reduced the safe-haven appeal of the greenback, encouraging investors to sell their dollar holdings in favour of growth-linked currencies, enabling the euro to climb over a cent on the day.

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Index of confidence in the euro-zone economy grew more than expected in October

Posted by admin on October 29th, 2009

Index of confidence in the euro-zone economy (Euro-Zone Economic Confidence) for October was 86.2 points, reports the European Commission. Value index surpassed expectations of analysts projected an increase to 84.4 points. Recall that a month earlier figure stood at 82.8 points.The index of consumer confidence (Euro-Zone Consumer Confidence) for October increased to -19 points to -18 points in the forecast -17 points.The index of confidence in the business community (Business Climate Indicator) was -1.78 points for October at the previous value of -2.07 points and prognosis of -1.90 points.

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