Posts Tagged ‘Recession’

Swiss franc hovers low against dollar

Posted by Tushar Mathur on November 14th, 2011

On Friday forex trade the Swiss franc lowered against dollar. However it has previously moved inch by inch down and finally reached this stage. It had hovered about one month low against the greenback dollar. Nevertheless the intensive worry is that the Europe future is more attracted towards the dollar and it tends to make this dollar more attractive in the market.

To limit on the Swiss franc’s appreciation the SNB (Swiss National Bank) set a cap for the Swiss franc against the euro on the month of September. However the hovering movement and ups and downs of the franc and dollar was closely noticed and they were highly compared with that of the euro vs dollar.

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Yen rose against major currencies, euro debt crisis break down

Posted by Tushar Mathur on October 31st, 2011

The dollar fell for record low against yen since after the news on the US consumers view on the economy was said and it was since the middle of the great recession. On Tuesday it was noted that the Japanese currency, yen rose against major other currencies and it was seemed to be US consumer sentiment weak and also the euro debt crisis issue also seems to breakdown for a while.

The Conference Board Index said that the index value is low and it is marked to be far lower than that analysts have expected. The consumer sentiment has made it worse since March 2009.

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US economy growing leading dollar to rise

Posted by Tushar Mathur on October 9th, 2011

Although there seems to be a slower growth in the US economy, the growth stills happens to be persist. The report produced by the US government says that the dollar has risen against euro. The economic growth of the euro has been trembled not just by the dollar rise but also by some troubling signals from Europe.

The rise of euro was on late Tuesday to about $1.3246 however it fell from $1.3369 (Wednesday morning) to $1.3351 (late Wednesday). Survey on the service sector tells that the companies have expanded their business in the month of September when compared with august. In august the growth was at slower pace.

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New Zealand Dollar is under a lot of pressure

Posted by Tushar Mathur on February 11th, 2010

International currency market is the largest and biggest financial market in the world but the flip side to the story is that it is also the most fluid market. Needless to say the economic condition of the country determines whether the value of that particular currency will be high or low, in the international currency market. US dollar has ruled the charts for a very long period of time and still remains the undisputed king, as far as international currency trade is concerned. We have seen a lot of pressure in case of the New Zealand dollar.

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Australian Dollar is riding on weak sentiments

Posted by Tushar Mathur on February 4th, 2010

The rippling affect of recession and economic slowdown in America has left the Australian dollar on a slippery surface. As of now the AUD (Australian dollar) in comparison to the US dollar, in terms of bidding and asking prices is 0.8800 to 0.8808. There are various reasons attached to the downslide of the Australian dollar. One of the primary reasons is the wait and watch policy (investors are very closely monitoring the Australian economy) and this is having a negative affect on the value of the Australian dollar.  The Reserve Bank of Australia has indicated that a further interest rate cut in the mortgage sector is not a feasible option.

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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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Pound Climbs on House Prices, Optimism

Posted by admin 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 pound-priced assets in a day of bullish equities markets in London. 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 foreign-exchange markets.

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Pound May Climb On Asset Purchase Program Ending

Posted by admin on January 18th, 2010

The U.K. currency may be experience a shift on its sentiment as speculations suggest that the current quantitative easing measures used by the nation’s central bank will be terminated, as the country starts to publish positive economic reports, suggesting that the recession may be ending in the British Isles. This week will be decisive for the pound as inflation yearly numbers are due to be published the next Tuesday, and if forecasts will be confirmed, the numbers are expected to surpass Bank of England’s target below 2 percent for the first time in seven months, fueling even further speculations that quantitative easing measures will be lifted in the U.K.

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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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Unchanged Rates and Bond Purchases Maintain Pound Down

Posted by admin on January 8th, 2010

The British currency continued to suffer from its central bank monetary policies as interest rates remained unchanged in the country, suggesting that the recession will remain a reality in England for an extended period.A concerning budget deficit combined with weak economic data has been affecting the pound’s outlook as the Bank of England insists on its asset-purchase program which hasn’t been effective so far, as well as in all-time record low interest rates which decrease the appeal for the sterling in foreign-exchange markets.GBP/USD bottomed at 1.5923 as of 22:21 GMT from a previous rate of 1.6036.If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.

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Say “Goodbye!” Pre-crisis trend

Posted by admin on October 30th, 2009

There is a pleasant myth of the business cycle. All of this – only the fluctuations around the underlying trend. Production during the boom was even higher sustainable level. During a recession, this figure was below the level. The budget deficit in a phase of decline can be and should be offset by surpluses accumulated in the boom years. Regardless of whether optimistic or pessimistic you are tuned in the context of stabilization policies, they exist in their own sphere and economic policies can focus on measures of “supply side”.Unfortunately, this is quite symmetrical image belied by the facts.

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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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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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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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The pound continues its rally against a broadly weaker aussie

Posted by admin on October 28th, 2009

Sterling edged up against the aussie yesterday, benefiting from improved UK sales data, which supported claims that the UK economy is recovering. On Monday evening, MPC member Adam Posen, following negative GDP data, stated that there were still signs of an economic recovery even if Britain is behind other countries in pulling out of the recession. His statement found support yesterday after the UK CBI sales showed month-on-month improvement, beating market expectations and buoying demand for the UK currency. The UK currency has pushed higher in trading this morning after investors pared bets of a steep rate rise in Australia after inflation data did not increase by as much as some had anticipated.

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