After a week of losses versus most of the main traded currencies in
The Brazilian real gained today versus the yen and the U.S.
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Posts Tagged ‘Optimism’
Real Rebounds on Brazilian Stock Market
Posted by yehya on January 18th, 2010
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Pound Climbs on House Prices, Optimism
Posted by yehya on January 18th, 2010
The U.K. currency profited today from an increase in the nation’s house prices, fueling even further speculations that the recession might be ending in Britain, attracting investors to purchase
In a day of predominant risk appetite as commodities and equities advanced in the U.K., the pound profited from an optimistic scenario in the country as Rightmove Plc, a leading British real estate website, indicated that house prices increased last month, adding evidences for speculations that Bank of England’s current asset purchase program may expire next month and not be extended further, which would certainly allow the pound to climb in
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Aussie Dollar Falls on New Home Loans
Posted by yehya on January 12th, 2010
The Australian dollar fell sharply versus
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.
Yen Rallies on China’s Banking Policy
Posted by yehya on January 12th, 2010
Risk aversion declined significantly today after China set a new reserves requirements for banks in the country, allowing the yen to outperform all of the 16 main traded currencies in
Equities markets in Asia and globally declined today, raising demand for the yen, as China set a minimum of 16 percent of reserves that large banking corporations in the country must have, in order to avoid a credit bubble as the one that caused the global slump in late 2008.
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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.
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Dollar was buoyed at the end of last week as risk appetite waned
Posted by Forex News Resource on November 2nd, 2009
The greeback pulled back from its sharp sell-off on Thursday, as weak US economic data spurred a return to risk aversion.
- In early trading, the dollar continued to lose ground following the better-than-expected US growth data, however the GBP/USD rally was capped at 1.6600, and the UK currency pulled down steadily, eventually closing down 0.6% ay 1.6448.
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Kiwi strenghtened broadly yesterday, but the pound has stemmed its losses in trading this morning
Posted by Forex News Resource on October 30th, 2009
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 solid GDP figure in the US renewed optimism about recovery in the global economy, prompting investors to buy higher-yielding currencies.
The euphoria surrounding ruble is close to completion
Posted by maradona on October 16th, 2009
Financial Analyst FxPro Alexander Kuptsikevich: This week the markets remained within the previous trends, and the second half of the week was marked by profit taking.
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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 Forex News Resource 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.
Broad dollar weakness and an increase in demand for sterling has pushed the price back near $1.63
Posted by Forex News Resource on October 16th, 2009
Sterling achieved a three-week high of 1.6297 against the dollar yesterday, supported by upbeat comments about the UK economy.
- The pound jumped nearly three cents, or 1.8%, against the dollar on speculation that policy makers will pause their asset-purchase programme next month as the economy shows signs of recovering from the recession.
The single currency continues to strengthen against the dollar, posting a fresh 14-month high
Posted by Forex News Resource on October 15th, 2009
The dollar slid further against the euro yesterday as solid results from JP Morgan Chase and rising equities stoked optimism about an improving global economy.
- The euro extended its rally, hitting a fourteen-month high of 1.4943 against the greenback, boosted after data showed an acceleration in eurozone industrial output.
Euro posts gains against the US dollar as risk appetite ushers investors into high-yielding currencies
Posted by Forex News Resource 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.
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.
A rise in aussie interest rates broadly strengthens the Australian currency
Posted by Forex News Resource on October 6th, 2009
Speculation over an imminent rate rise in Australia sent the pound tumbling yesterday, losing 1.5% to close at 1.8146.
- The Australian dollar advanced strongly as expectations grew that the Reserve Bank of Australia would move to raise interest rates at its policy meeting.
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The pound made further ground against the US dollar on Friday, buoyed by positive market sentiment
Sterling extended sharp gains against the dollar, as traders cut short pound positions after many reckoned earlier bets against the currency were overdone.
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