The Aussie rebounded after losing versus most of
AUD/USD traded at 0.9053 as of 00:09 GMT from a previous rate 0.9034 when markets opened Sunday evening.
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The U.S.
Click to continue reading “Dollar Benifits From Chinese Lending Requirements”
The Norwegian krone was affected today as the crude oil, the nation’s chief export, had a decline on its rates after China imposed new lending requirements for banks in the country, affecting markets’ sentiment, consequently impacting stock markets and demand for
USD/NOK traded at 5.6518 as of 19:08 GMT from today’s opening rate of 5.6174.
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The kiwi dollar struggled on Friday enabling the pound to jump 1.4%, briefly nearing the 2.30 level, as risk appetite in the market waned.
Click to continue reading “The kiwi retreated at the end of last week on a rise in risk aversion”
The dollar strengthened, consolidating after broad selling on the back of data showing strong US growth, gaining over a cent on the single currency.
The greeback pulled back from its sharp sell-off on Thursday, as weak US economic data spurred a return to risk aversion.
Click to continue reading “Dollar was buoyed at the end of last week as risk appetite waned”
The pound edged higher, achieving its biggest weekly advance against the euro since January, as signs pointed to the UK economic recovery talking hold.
Click to continue reading “Euro / dollar remains under pressure”
Better-than-expected GDP figures in the US caused risk appetite to surge across the board enabling the kiwi to post gains of over a cent against the pound.
The aussie dollar reversed recent losses yesterday after positive US GDP data encouraged investors to buy-back into perceived riskier currencies.
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 single currency slipped further away from recent 14-month highs against the dollar yesterday, losing nearly a cent to close down at 1.4707.
Sterling closed marginally up against the US currency yesterday, although the price was pulled back significantly following weak US housing data.
The pound continued to advance against a broadly weaker single currency yesterday, hitting a six-week high of 1.1167 as investors trimmed their euro holdings.
The pound made up further ground on the kiwi dollar, gaining 0.65% after positive sales data supported evidence that the UK economy is still on the road to recovery.
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