Posts Tagged ‘Federal Reserve’

Broadly stable against euro and dollar: Swiss franc

Posted by Tushar Mathur on August 29th, 2011

On Friday investors of Swiss franc were much awaiting on the key note that was given by US Federal Reserve and the chairman was Mr. Ben Bernanke on the third round of quantitative easing. However the stability of the Swiss franc against euro and dollar was declared on Thursday themselves.

At New York close the Swiss franc value against euro was 0.1% lower than the normal. The Swiss franc was traded for about 1.1482 per euro on Thursday at 06:52 in the Greenwich Mean Time (GMT). Tight ranges at the local demand at the market have however reflected in trading forex market range, traders said.

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Yuan has increased gradually higher against dollar

Posted by Tushar Mathur on April 28th, 2011

Yuan has received recent appreciation for becoming gradually higher at values against dollar. On the opening of Wednesday trade, dollar was seem to be lower against the major currencies and so Yuan is little higher and bank of china has fixed this higher value for Yuan against dollar.

On the view of traders they exclaimed that the Federal Reserve Bank has made their decision of the reinforcing of dollar value as it has been weak over the market values. However, before their decision makings Yuan had they fixed market values. Nevertheless this decision will comfort dollar and make it an ultra easy to invest in.

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Dollar won reprieve but still weaker for US growth

Posted by Tushar Mathur on April 26th, 2011

Dollar wins the reprieve on Monday trade from its steep side low values. However, investors believe that it would be back from its decreased range against the group of European currencies. Nevertheless more actions are taken by Federal Reserve to tighten and strengthen the dollar value.

Most of the European currencies, Japanese and Australian currency is not good at trade level as the Easter holidays seem to persist over there. Henceforth, dollar is now at the level of beating the yen value. However, this will boost up and compensate dollar loss overseas. Nevertheless, the dollar may also fall down depending on the interest rate of the US currency.

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Euro stepped out from its heights

Posted by Tushar Mathur on April 5th, 2011

Euro has been at greater heights for eleven months and now it has been slipped back from highs. On the Monday trade the euro value slipped from yen. It was high for five month against the value of dollar. According to the view of analysts, the euro zone higher rates are increasing in the trade market.

On Wednesday, Japan has been planned to publish the economic assets. Tightening the policy in the United States regarding the uncertainty and the view of the working officials on the Federal Reserve said about the downgrading of the economic assets by the bank of Japan.

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Euro claims higher against dollar

Posted by Tushar Mathur on March 1st, 2011

In the trade market the common factor that is being discussed is about the issues of dollar value weakened in overseas. Euro claimed higher than the dollar value. The price rise is mainly due to the anti inflation signal provided to the European countries and by the central bankers.

 

The trade on the Monday had notified the increase in the value of euro. The value of euro on Friday trade was at $1.3749 and it reached $1.38 and then climbed little higher to $1.3803 on the trade value today (Monday).

 

Dollar has tried to reach little high against yen when compared with the Friday trade market range.

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Range of Dollar value is in advance of the British data, G20

Posted by Tushar Mathur on February 19th, 2011

Watching the status of dollar from the opening of trade it doesn’t seems to neither trend up nor trend down, a range bound seems to exist. A meeting, G20 is planned to be held in the weekend so as to discuss the market range.

The investors are eagerly expecting towards the release of sales data from London so as to get an idea of the bank of England and their planning on the hike and interest rate. Deputy General Manager, Hideki Amikura at the trust and banking situated at Namura said that the market trade at Asia is little lifeless.

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US Dollar is still a strong currency

Posted by Tushar Mathur on February 3rd, 2010

The year 2008 was bad, to put it mildly, in terms of recession and economic downturn/ slowdown in the United States of America. It was no different in the year 2009, perhaps even worse, it seemed as if the economy of the US was in a free fall. It is therefore not at all surprising that US dollar lost lots of its sheen and hence its value. To rouse the economy of the country the Government went ahead with another cut in the interest rates of the Federal Reserve. It was or rather is a misconception that these stimulus packages offered by the Government to bail out the economy will further plunge the value of US dollar.

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Dollar Drops Slightly on Fed Comments

Posted by admin on January 13th, 2010

The dollar had a mediocre performance today losing versus a considerable number of currencies after the nation’s central bank was not so optimistic regarding the U.S. economy recovery, declining appeal for the greenback. The dollar posted a disappointing performance in a day were equities and commodities markets increased appeal for higher-yielding currencies. The British pound posted another advance versus the greenback as Bank of England’s policy markers signaled that interest rates in the U.K. are due to be hiked at some point this year. The Federal Reserve stated that a modest economic recovery is taking place in the U.S., fact which traders interpret as a delay in forecasts of interest rate raises, which is certainly declining the attractiveness that fueled a dollar rally versus most of the main traded currencies in December.

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Payrolls Cause Dollar’s Weekly Decline

Posted by admin 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. economy was high, but the employment data published on Friday forced the greenback down versus most of the main traded currencies, as figures came much below forecasts. The dollar posted the biggest weekly in two months as a non-farm payrolls report indicated more jobs cuts than expected, frustrating forecasts and declining odds that the Federal Reserve will lift stimulus and start a series of interest rate hikes that would happen sooner-than-expected, as some speculations suggested, if the economy accelerated at a faster pace.

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Unexpectedly Negative Payrolls Force Greenback Down

Posted by admin on January 8th, 2010

An employment report waited during all the week and released today frustrated analysts bringing weaker-than-expected figures for the U.S. economy, pulling the dollar down versus most of the 16 main traded currencies.After the non-farm payrolls report indicated that employers cut more jobs than forecasts suggested, the demand for dollar-priced and high-yielding currencies declined significantly in foreign-exchange markets as traders become more risk averse interpreting the pessimist data indicated in the U.S. employment figures. The euro gained sharply versus the dollar following the negative employment report, but declined in the hours following the publication.

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With the US exiting recession, investors moved into higher-yielding assets bossting the aussie

Posted by admin on October 30th, 2009

The aussie dollar reversed recent losses yesterday after positive US GDP data encouraged investors to buy-back into perceived riskier currencies. The aussie pulled back nearly two cents, or 1.0%, bringing the sterling/aussie pair back down to trade around 1.80 as the data spurred demand for risk. Investors have been cashing profits in the Australian currency recently as global equities took a downturn, but yesterday’s figure saw traders revive long positions in the aussie. Analysts noted that the figures were a near-perfect combination for riskier assets: strong enough to encourage those with an optimistic outlook on the financial markets, but not too strong to generate expectations of accelerated monetary tightening from the Federal Reserve.

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The index of national activity in the United States overcame the bar recession

Posted by admin on October 27th, 2009

According to the report of the Federal Reserve Bank of Chicago, the indicator of economic activity in the U.S. rose in September and overcame a critical point, which indicates a recession.Note that the index of national activity is calculated on the basis of 85 different economic indicators.The average value of the index of activity for the three-month period from July to September rose to a negative value of -0.63 compared with -0.96 in the previous period, from June to August. For the first time since January 2008, the average value of the index broke the level of -0.70, indicating a recession in the economy.As noted by the FBI in Chicago, for the last four recessions in the U.S.

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Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning

Posted by admin 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. US jobless claims beat market forecasts dropping a further 10K week-on-week. The US CPI figure also rose marginally to 0.2%, supporting growing optimism over the economic recovery.

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A pittance, with No Appetite

Posted by admin on October 15th, 2009

Crowding lenders and borrowers are wary explain a decline in lending in the United States. The worst times for the U.S. financial markets may be left behind, but the markets are still abnormal. Bill Dudley (Bill Dudley), head of the Federal Reserve of New York, aptly picked up these sentiments in a recent speech, bluntly called “a little better, but very far from the best.” In a survey published this week, members of the National Association for Business Economics said that the markets will continue to hamper economic growth at least until mid-2010.The main question for many is to be seen whether the lack of credit as a deterrent to the nascent U.S.

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Euro posts gains against the US dollar as risk appetite ushers investors into high-yielding currencies

Posted by admin on October 13th, 2009

The single currency recovered some of the losses it incurred on Friday, gaining over half a cent against the greenback as risk appetite in the market strengthened.Rallying equities yesterday, which have been boosted by stronger commodity prices and optimism about the US corporate earnings season, also buoyed support for the euro, allowing it to briefly trade over 1.48. Analysts also noted that while in other nations future policy remains hazy, the single currency benefited from a clearer outlook for monetary policy in the eurozone. Additionally, comments from the president of the St Louis Federal Reserve that the US economy faced risks from rising inflation, stoked speculation that US interest rates might rise sooner than had been expected, but investors remained bold in their exposure to risk, continuing to sell the dollar.

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