The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in
The U.S.
Click to continue reading “Dollar Benifits From Chinese Lending Requirements”
Posts Tagged ‘Single Currency’
Dollar Benifits From Chinese Lending Requirements
Posted by yehya on January 21st, 2010
The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in
Posted in 
Swiss Franc Tumbles on Intervention Fears
Posted by yehya on January 20th, 2010
The Swiss currency finally felt the central bankers pressure and declined considerably versus most of its main trading partners’ currencies, on speculations that measures will be taken by the financial authorities to avoid the franc to gain.
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Euro Slides After German Sentiment Report
Posted by yehya on January 19th, 2010
The euro tumbled today versus most of the
The European single currency dropped versus most of the 16 main traded currencies today as the outlook for the economic bloc declined considerably after theGerman ZEW Economic Sentiment report brought negative data to traders, which opted for other currencies in the region and overseas as Germany is the main economy currently using the euro.
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Swiss Franc Climbs Despite Intervention Warning
Posted by yehya on January 18th, 2010
The Swiss franc gained versus several
Even if the Swiss National Bank President Philipp Hildebrand stated last week that franc’s fluctuations will be monitored closely, expressing concern with the Swiss currency high rates, the franc advanced today versus the euro as traders feel it is still undervalued versus the European single currency. According to analysts, the SNB will impose more than verbal interventions anytime soon as long as the franc continues bullish.
EUR/CHF traded at 1.4740 as of 21:31 GMT from an opening rate of 1.4753 yesterday.
If you want to comment on the Swiss franc’s recent action or have any questions regarding this currency, please, feel free to reply below.
Dollar Profits From Global Economic Pessimism
Posted by yehya on January 16th, 2010
This Friday’s shift in market sentiment allowed the U.S. dollar to post a weekly advance versus most of the main
The dollar gained significantly versus commodity producer currencies like the Brazilian Real and the Australian dollar towards the end of this week as China’s new lending restrictions raised concerns that demand for raw materials may decline in the country, affecting exports from these countries.
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Swedish Krona Gains on Greece’s Budget Deficit
Posted by yehya on January 16th, 2010
The Swedish krona ended this week gaining versus the European single currency as Greek’s budget deficit is once again affecting the outlook for the euro, which also declined versus most of the main traded currencies in
The krona ended this week with a third consecutive day of gains versus the euro after Greece’s deteriorating economic health is raising concern towards traders regarding the Eurozone, after European Central Bank President
EUR/SEK ended the week at 10.17 from 10.22 on Monday when markets opened.
If you want to comment on the Swedish krona’s recent action or have any questions regarding this currency, please, feel free to reply below.
Swiss Franc May Decline On SNB Interventions
Posted by yehya on January 12th, 2010
After the SNB stated its position against further advances of its national currency, the Swiss Franc may be poised to decline versus main currencies, as fears of interventions are likely to shun investors from investing in the
The Swiss franc gained during the late months of the last year versus the euro and the dollar, posting its highest monthly advance in December versus the European single currency in 2009, and trading in parity with the greenback in November, as the Swiss economy showed its strength and resilience, and declining odds of deflation were interpreted as a good chance for the currency to gain in
Speculations regarding future interventions in the Swiss currency rates open a good trading possibility for selling the franc versus other currencies, specially
USD/CHF traded at 1.0169 as of 00:49 GMT from 1.0140 in the intraday, being rather unchanged following the SNB statement.
If you want to comment on the Swiss franc’s recent action or have any questions regarding this currency, please, feel free to reply below.
The euro lost ground to the dollar on Friday as the rally in equities came to a halt
Posted by Forex News Resource on November 2nd, 2009
The dollar strengthened, consolidating after broad selling on the back of data showing strong US growth, gaining over a cent on the single currency.
- Equities took a sharp downturn at the end of last week, having rallied after the positive US GDP data, most likely as a result of end of month profit taking, which buoyed demand for the greenback.
Euro clawed back recent losses as investors moved into the “riskier” currency
Posted by Forex News Resource 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%.
Pound extended gains against the euro, buoyed by positive economic data
Posted by Forex News Resource on October 30th, 2009
The pound continued to rally yesterday and is now poised to snap a three-month decline versus the euro, as the UK showed positive economic signals.
- Data from the Bank of England revealed that UK net consumer lending rose less than expected in September but the number of loans approved for house purchases did hit its highest level in 18- months.
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Weak US data enabled the US dollar to continue clawing back losses against the euro
Posted by Forex News Resource on October 29th, 2009
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.
- The US dollar rose, stretching a rally against the euro to a fourth day, supported by weak U.S.
Falling global equities enabled the pound to post gains against the euro
Posted by Forex News Resource on October 29th, 2009
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.
- Preliminary CPI data from Germany revealed that consumer prices remained flat on the year in October. Monthly data showed that the index did rise by 0.1% in October from September, though this rise failed to garner support for the euro.
- The markets also saw a slight withdrawal of risk activity yesterday as weak housing data in the US renewed concern over the health of the global recovery.
- The data dragged European equities down to three-week lows, which appeared to impact more severely on the single-currency, enabling the pound to gain.
- This morning, the pound is consolidating its position above 1.1100, with analysts reiterating that sterling is likely to remain in a holding pattern until next week’s BoE asset purchase decision.
- Investors are cautious amid uncertainty over whether the Central Bank will extend their quantitative easing programme, and so sterling movements may continue to be dictated by risk appetite in over the coming days.
US dollar continues to push higher against the euro, as consumer confidence stumbles
Posted by Forex News Resource on October 28th, 2009
The dollar rose against the single currency for a third consecutive day in its longest advance since August, as a report showed US consumer confidence fell this month.
Euro is more expensive than a pound before the end of the year
Posted by maradona on October 27th, 2009
Today, one of six bank Moors BNP Paribas said that in 2009 the pound sterling could fall to parity with the euro.
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The dollar is recovering losses against euro on speculation that the Fed may signal a tightening of monetary policy
Posted by Forex News Resource on October 27th, 2009
Having traded strongly against the dollar in the early session, the euro surrendered gains in the afternoon session, pulling the price down sharply to close a $1.4873.
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