Posts Tagged ‘Rose’

Slightly weaker midpoint and edged lower against dollar: Yuan

Posted by Tushar Mathur on September 20th, 2011

On Monday the Yuan seemed to be lower against dollar since after the central bank was slightly weaker in the mid point in the strengthening of the dollar (US currency). The stall for the dollar has been begun initially from this month with the opening ceremony by Yuan. However, the appreciation of the Yuan against dollar was lower in the beginning of the month.

In the month of the august, the real value about the Yuan rose for about 2.28% and as per the latest data published this weekend by the (BIS) Bank for International Settlements.

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Little change against dollar: Yuan

Posted by Tushar Mathur on May 9th, 2011

Yuan seen to be lowered than dollar however, the uptrend can be there. On the end of Friday trade, after the talk of the US-China economic dialogue, the values the Yuan seems to rise but the members from Bank of China has kept the Yuan to be stable for the reference.

On the close of Thursday trade the Yuan versus dollar was at 6.4937 and on Friday it was noted to be at 6.4938 which imply that there was no much change but a flat improvement in the value. The index of the dollar and Yuan was seemed to be at same level on Thursday as well as Friday.

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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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Pound edged up slightly against the euro on Friday but is down around 0.7% in trading this morning

Posted by admin on November 2nd, 2009

The pound edged higher, achieving its biggest weekly advance against the euro since January, as signs pointed to the UK economic recovery talking hold. The pound/euro pairing was little changed at the end of last week, though sterling did creep up, supported by reports showing gains in consumer confidence and UK house prices. Month-on-month property prices were up for the sixth consecutive month in October and were 2% higher than in the same month the previous year. However, the pace of monthly price rises has eased, going up by just 0.4%.

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Unemployment in the euro zone rose in September to 9.7%, as expected

Posted by admin on October 30th, 2009

Taking into account seasonal factors, unemployment in the eurozone reached 9.7% in September this year, said the EU statistical agency Eurostat. Rate corresponds to analysts’ forecasts. A month earlier, unemployment in the area of the single European currency was 9,6%. Note that this is the highest value of the unemployment rate since January 1999. In annual terms the index rose by 2,6% (from 7,1% in September 2008).The total number of unemployed in the euro zone rose in September to 184 000 in monthly terms and amounted to 15.324 million. On an annual basis the total number of unemployed has increased by 3, 204 million people.

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The index of house prices Nationwide has grown less than expected in October

Posted by admin on October 30th, 2009

Index of house prices Nationwide in the UK rose in October to 0,4%. Recall that in the previous month had risen to 0,9%, and in October predicted an increase of 0,7%.In annual terms, house prices in Britain back to a positive mark for the first time since March 2008, an increase of 2,0% in October compared to 0,0% in the previous month.Average price of homes in Britain during the reporting period amounted to 162 038 pounds compared with 161 816 pounds a month earlier.

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Kiwi suffered a severed setback following the RBNZ rate statement yesterday evening

Posted by admin on October 29th, 2009

In a poor day for the kiwi dollar, the pound rose by over seven cents, or 3.1%, against the kiwi, reaching a one-month high as traders withdrew long positions. A slide on Wall Street and on European share indices, led by declines in the energy and banking sectors, accelerated a sharp fall in the “riskier” kiwi dollar. This was compounded after data revealed an unexpected fall in US new home sales for September, which, as general sentiment was that the housing sector was on the mend, raised concerns in the market, sapping demand for the kiwi.

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The pound rebounded strongly vs the euro yesterday with analysts suspecting that sterling could be oversold

Posted by admin on October 27th, 2009

After an unsteady early session, the pound rebounded strongly from Friday’s sell off, to close 1.1% up. The pound recovered steadily through the day after data revealed that the German Gfk consumer sentiment indicator dropped to 4.0 from 4.2 in October, weaker than the median forecast of 4.5, dulling demand for the single currency.In addition UK business confidence rose to the highest in 18 months, according to a third-quarter survey, with 19% of executives polled saying the outlook for business is “good” or “very good,” up from 9% in the previous quarter, which stoked demand for the pound.Analysts hypothesised that the pound may be considerably oversold at its current value, which does present a good opportunity for British businesses.Analysts also noted two opposing arguments developing: the first is a widely held view that based on better PMI survey data there is a good chance that GDP data for Q3 will be revised up.

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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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GfK consumer confidence index in Germany fell for the first time since September 2008

Posted by admin on October 26th, 2009

Outrunning GfK index of consumer confidence in Germany is 4.0 points for November, compared with 4.2 points in the previous month. Rate decreased while the forecast increase to 4.5 points. After growth for four consecutive months, the index of expectations about income fell by 3.1 points to 12.9 points. Note that the annualized rate increased by 26 points.The index of economic expectations, in contrast, rose by 5 basis points to 8.7 points. Disposition to purchase index fell sharply by 10 basis points to 26.1 points.

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Indicator of business conditions in Germany Ifo increases eighth consecutive month

Posted by admin on October 23rd, 2009

Indicator of business conditions in Germany, produced by the German Ifo Institute for Economic and reflecting the perspectives of development of German and European economies, amounted to 91.9 points in October compared to 91.3 points in the previous month. However analysts predicted that figure will increase to 92.1 points.Index assessment of current conditions Ifo was 87.3 points in October compared to 87.1 points in September. The index of business expectations rose during the reporting period from 95.7 points to 96.8 points.Note that the index Ifo, calculated on the basis of the survey 7 000 enterprises in manufacturing, construction, wholesale and retail trade shows strong growth for eight consecutive months.

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Number of applications for unemployment benefits in the United States rose to 531 thousand

Posted by admin on October 23rd, 2009

The number of primary applications for unemployment insurance in the United States increased over the past week for the first time after two weeks of decline.Index rose for the week of October 17 to 11 thousand to 531 thousand, being at the highest level since 26 September.At the same time, the number of Americans continuing to receive unemployment benefits fell for the week to October 10 to 98 thousand to 5.92 million. This indicator is at record low level since March this year.

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the Data from UK have supported the pound

Posted by admin on October 20th, 2009

Net public sector borrowing in September reached a record high, but were slightly above forecasts. The need for public sector cash flow in September also proved to be a record, but also below analysts’ forecasts. Costs continue to rise by around 5% per year, however, with tax revenues falling by 10%. Despite the fact that the outlook for the UK is improving, the recovery had been sluggish, and tax revenues in the foreseeable future is likely to continue to fall, and in the absence of action by the state budget deficit continues to grow.

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Consumer prices in the U.S. increased by 0.2% in September

Posted by admin on October 16th, 2009

Consumer prices in the U.S. rose in September. Rising prices for cars, energy and health care smoothed first-year drop in the cost of rent and payments for housing.Consumer Price Index in the U.S. rose in September at 0.2%. Index excluding volatile food prices and energy prices also rose by 0,2%.Compared with the same period last year, consumer price index fell by 1,3%. At the same time, the index excluding prices for food and energy rose at annual rate of 1,5%.

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Retail sales in the U.S. fell by 1.5% in September

Posted by admin on October 15th, 2009

The volume of retail sales in the U.S. fell in September to 1.5%, but the figure excluding auto sales showed strong growth.The level of retail sales of $ 344.7 billion in September was at 5.7% lower than the figure in the corresponding period last year.During the period, sales of vehicles fell immediately on 10,4%. Retail sales excluding auto sales rose in September at 0.5%.

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