Posts Tagged ‘Employment Data’

Australian Dollar Rallies on Interest Rate Outlook

Posted by yehya on January 15th, 2010

Once again interest rates are fueling a rally for the Aussie dollar as it happened in the second half of the last year, when the South Pacific currency ranked among the best performing options in

foreign-exchange markets.

Positive employment data published in Australia this Wednesday is helping the Aussie to rally to high levels versus most of the main traded currencies, as a declining unemployment rate, currently at 5.5 percent and much better than other key-economic regions in the world, is fueling speculations that interest rates will be once again hiked in the country next month.

AUD/USD traded at 0.9315 as of 00:11 GMT from a previous intraday rate of 0.9241.

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.

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Yen Tumbles as Australia Fuels Risk Rally

Posted by yehya 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.

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.

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Payrolls Cause Dollar’s Weekly Decline

Posted by yehya on January 9th, 2010

The U.S. currency was performing quite well during most of this week’s session as optimism regarding the U.S.

Click to continue reading “Payrolls Cause Dollar’s Weekly Decline”

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Canadian Dollar Near 2-Month High on Oil

Posted by yehya on January 9th, 2010

The Canadian dollar returned to gain today as its chief export, the crude oil, rallied as demand for energy increases, favoring currencies with a similar profile in

foreign-exchange markets as the Australian dollar, which is a main commodity supplier for China.

The loonie, as the Canadian dollar is often referred, had the fourth day of advances in this week as the crude oil returned to trade high in commodity markets closing future contracts near $ 83 a barrel, helping the Canadian dollar to rally specially versus its U.S.

Click to continue reading “Canadian Dollar Near 2-Month High on Oil”

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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 Forex News Resource 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.

Click to continue reading “Aussie edged higher vs the pound again yesterday, but sterling has rebounded following upbeat comments from a BoE policymaker”

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

Posted by Forex News Resource 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.

Click to continue reading “Sterling is making strong headway against a weakened dollar, advancing towards 1.62″

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Euro advanced against the greenback, buoyed by a relatively upbeat ECB rate statement

Posted by Forex News Resource on October 9th, 2009

The single currency climbed to a two week high of 1.4815 yesterday as investors continued to sell the dollar to fund riskier trades.

Click to continue reading “Euro advanced against the greenback, buoyed by a relatively upbeat ECB rate statement”

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Pound advanced vs a weakened dollar yesterday, supported too by a hold in the UK’s QE programme

Posted by Forex News Resource on October 9th, 2009

The pound climbed just over a cent (0.6%) against the dollar, buoyed by the BoE’s decision to keep its assets purchase scheme on hold.

  • In early trading sterling moved up against a broadly weak dollar, supported by expectations that the BoE would keep interest rates unchanged and maintain its current level of quantitative easing.

Click to continue reading “Pound advanced vs a weakened dollar yesterday, supported too by a hold in the UK’s QE programme”

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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.

Click to continue reading “Kiwi halted its climb yesterday, as demand for higher-yeilding currencies weakened”

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Weak equities undermined the aussie’s upward trend yesterday allowing the pound to post marginal gains

Posted by Forex News Resource on October 8th, 2009

The pound rebounded nearly two cents from its intra-day low against the aussie, halting its sharp slide and posting marginal gains of 0.2%, to close the day up at 1.7912.

  • The Australian dollar has rallied strongly over the past two days following the surprise rate hike, but the aussie pulled backed yesterday as risk sentiment in the market dissipated.

Click to continue reading “Weak equities undermined the aussie’s upward trend yesterday allowing the pound to post marginal gains”

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Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning

Posted by Forex News Resource on October 8th, 2009

The euro relinquished some of its recent gains against the greenback yesterday, with investors on the defensive ahead of the ECB rate decision today.

Click to continue reading “Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning”

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Sterling edged up against a broadly weaker dollar ahead of important central bank announcements

Posted by Forex News Resource on October 8th, 2009

The pound reversed its steady decline against the greenback yesterday as investors relinquished defensive positions ahead of today’s MPC announcement.

  • Cautious investors initially sought safety ahead of the two key central bank meetings today, putting pressure on the UK currency.

Click to continue reading “Sterling edged up against a broadly weaker dollar ahead of important central bank announcements”

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A strong kiwi dollar shrugged off weak data from the US to post gains against sterling on Friday

Posted by Forex News Resource on October 5th, 2009

Sterling relinquished gains against the kiwi dollar on Friday, as concerns mounted over the strength of the global recovery, with the price closing the week at 2.2269.

Click to continue reading “A strong kiwi dollar shrugged off weak data from the US to post gains against sterling on Friday”

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A rise in risk aversion weighed on the pound on Friday, supporting dollar gains

Posted by Forex News Resource on October 5th, 2009

The pound slid against the dollar on Friday, completing its third straight weekly decline, as demand for the haven currency found support from weak US employment data.

  • In early trading, risk appetite was down, with investors taking up defensive positions ahead of an expected rise in US unemployment figures.

Click to continue reading “A rise in risk aversion weighed on the pound on Friday, supporting dollar gains”

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Weak US data sapped demand for the aussie yesterday, enabling the pound to gain

Posted by Forex News Resource on October 2nd, 2009

The pound rebounded strongly yesterday, gaining over two cents, or 1.3%, as a sharp rise in risk aversion in the market, dulled demand for the ‘riskier’ currency.

Click to continue reading “Weak US data sapped demand for the aussie yesterday, enabling the pound to gain”

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