October 30th, 2009 -- Posted in I think |
US Dollar: The Economic Recovery is in Place, When Will the Currency’s Rally Follow? Volatility begets volatility. Leading up to today’s noteworthy occurrence risk, the dollar was pacing an bellicose revival on a still youthful reversal. And so, when the market-moving material crossed the Wires and also afterward painted an stark file of the market’s okay haven currency, the retracement would vie with out through an already elevated bulldoze of activity as much as it would through the market moving merits of the text itself. What single indicator could assembly the necessary punch to turn not only the dollar but the broader market? The advanced reading of US 3Q GDP. This Commerce Department crack had not only enough haul to quarters a five-day aid in the Dollar Index; but it would also stoke a 2.1 percent assemblage in the Dow, a 1.7 percent twitch in gold and a 3.1 percent Surge in crude.
Simple economics would suggest that a beefy rebound in US Extension would Naturally benefit the US dollar. However, this intelligent connection doesn’t hold when investors aren’t confined to their peculiar markets and when cerebration is factored in. For this indicator’s part, the observations was bullish. The 3.5 percent annualized judge of expansion through the Three months ending in September was a perceptibly recovery from the recessionary readings of the quondam four, consecutive contractions and was afterwards the most aggressive pace of expansion in two years.
continue reading »
Tags:
currency,
dollar,
league,
percent
Related posts
October 21st, 2009 -- Posted in Appetite |
Oct. 20 (Bloomberg) — The euro climbed toward $1.50 on optimism the universal fiscal pick-up is aggregation momentum. Australia’s dollar touched a 14-month costly after its dominant bank said “very low” curiosity rates were no longer necessary.
The euro rallied to the Strongest au courant since August 2008 against the dollar before reports this week that economists said will show the U.S. dwelling customer base and German improved, boosting requirement higher-yielding assets. The yen rose against 15 of its 16 prime counterparts after Japanese Finance Minister repeated his aversion to meddle in the foreign-exchange shop to discontinue the currency’s gains.
continue reading »
Tags:
cents,
currency,
dollar,
percent,
tokyo,
yesterday
Related posts
October 20th, 2009 -- Posted in Appetite |
Oct. 20 (Bloomberg) — The euro climbed toward $1.50 on optimism the pandemic fiscal repossession is turnout momentum. Australia’s dollar touched a 14-month squiffy after its inner bank said “very low” involve rates were no longer necessary. The euro rallied to the Strongest lay waste since August 2008 against the dollar before reports this week that economists said will show the U.S. lodging market-place and German improved, boosting call for higher-yielding assets.
The yen rose against 15 of its 16 main counterparts after Japanese Finance Minister repeated his aversion to pass in the foreign-exchange exchange to come the currency’s gains. “A spirit of euphoria is at work as prospects Improve for corporate profits and the economy,” said , Tokyo- based main economist at Tokai Tokyo Securities Co. “Given also the probability that the Federal Reserve will testify its accommodative pecuniary stance, riskier assets will keep to fare well at the cost of funding currencies.” The euro rose to $1.4971 as of 6:44 a.m. in London from $1.4965 in New York yesterday. It earlier touched $1.4994, the Strongest since August 2008. The yen climbed to 90.14 per dollar from 90.55, and advanced to 134.96 per euro from 135.51. Australia’s currency climbed to 93.11 cents, the highest since August 2008, before trading at 92.78 U.S. cents from 92.92 cents yesterday.
continue reading »
Tags:
cents,
currency,
dollar,
percent,
rates,
tokyo,
yesterday
Related posts
October 18th, 2009 -- Posted in Appetite |
LONDON - The dollar slid to a 14-month stubby against the euro Wednesday as investor demand for jeopardize increased following heartening comments from Intel Corp. and after a stopper Federal Reserve official indicated U.S. hold rates would likely remain whispered for a quite a while. By early afternoon London time, the euro was trading 0.3 percent higher on the broad daylight at $1.4896, just down on the 14-month ripe of $1.4913 it hit earlier in the session.
Meanwhile, the dollar was 0.5 percent lop off against the Japanese currency at 89.20 yen. As usual since the pecuniary moment became most wise just over a year ago, the dollar has been sold off heavily at as supply markets have rallied strongly, and faltered more to the fore of what was expected to be a rotten Opening on Wall Street following further signs of an remunerative recovery in China and optimistic statements from Intel, the World’s largest piece maker. Dollar investments such as U.S. Treasuries are seen a appropriate haven in times of anxiety.
continue reading »
Tags:
currency,
dollar,
dollars,
markets,
recovery,
world
Related posts
October 16th, 2009 -- Posted in Appetite |
If the dollar was able to muster a foot hold and retrace some of its losses during this more lasting years for risk trends; it would be reasonable to suggest the currency has pent up Force that could be unfurled on the First sign of a U-turn in investor sentiment. However, the chop that we have seen so far has solely drawn the dollar closer to the next leg of its stabbing downtrend. In fact, a sharp risk in the dollar through the European session (which just so happens to affiliation up to a jump in equities) set another 14-month glum for the greenback before the currency leveled. The congestion at such astonishing lows is reflective of the perilous flush that some of the majors are Trying to hold to. Most notably, EURUSD has surpassed its September 23rd come and go euphoric and now finds little (technically) to hinder a trend that is ultimately targeting 1.60. Yet, if the style has been cleared, why doesn’t the dollar guilelessly embark on the next leg of its trend? This can be entirely attributed to the health of the currency itself and partially by jeopardy Appetite.
Both of these fundamental facets have weighed heavily on the greenback this year; but there is always a aim of equilibrium. To imprison the depreciation going, the point of view for the must continue to trend out of dollar’s favor - and just as surely, a about-face Requires the fundamental trends to cultivate in the opposite direction. For result risk today, there were few notable economic releases.
continue reading »
Tags:
currency,
dollar,
percent,
reading,
sales,
september
Related posts
October 11th, 2009 -- Posted in Appetite |
TORONTO — Canada’s currency rose against the U.S. dollar antiquated on Wednesday as an improved opinion on the Global curtness helped boosted risk Appetite and Prices for crucial domestic exports like lubricant and gold.
The upbeat tone spilled over from Tuesday when the Reserve Bank of Australia raised its intrigue rate, chic the First median bank in the Group of 20 nations to strengthen policy as the financial crisis abates. Talk that the international economy is recovering and will Boost claim for commodities helped to lift oil Prices above US$71 a Barrel and gold to a maxisingle drugged above US$1,048 an ounce. That all helped to electrify the Canadian dollar to C$1.0526 to the U.S. dollar, or 95.00 U.S. cents, which unmistakable its highest invariable since Oct 1, 2008.
continue reading »
Tags:
canadian,
currency,
dollar,
helped,
prices
Related posts
October 2nd, 2009 -- Posted in Appetite |
Sept. 28 (Bloomberg) — Mexico’s peso rose for the win occasion in four days as a revival in U.S. stocks helped raise investors’ craving for higher-yielding, emerging-market assets. The currency strengthened 0.1 percent to 13.5548 per U.S. dollar at 5 p.m. New York time, from 13.5625 on Sept. 25. The peso has slumped 2.2 percent in the erstwhile month.
“Risk zest should servant the peso be on the mend all through next month,” said , a currency salesperson at Casa de Bolsa Arka SA in Mexico City. He predicts the Mexican currency will upland for 13.30 per dollar. The Standard & Poor’s 500 Index jumped 1.8 percent as takeovers in the deaden and technology industries added to substantiation that mergers and acquisitions are rebounding from the slowest estimate in six years. Mexico’s Bolsa advanced 2.2 percent.
continue reading »
Tags:
budget,
currency,
mexico,
mexico s,
month,
percent
Related posts
September 29th, 2009 -- Posted in Appetite |
THE dollar opened higher after a improvement on US equitableness markets boosted investor appetence for the imperil sensitive currency. At 7.00am (AEST), the dollar was trading at $US0.8724/26, up from yesterday’s assiduous of $US0.8642/44.
During the offshore session, the restricted constituent moved between a wretched of $US0.8581 and a high of $US0.8755. Latitude FX corporate tradesman Neven Fisher said a assist to risk sentiment had lifted US equities and boosted cultivation currencies match the dollar.
continue reading »
Tags:
currency,
dollar,
equities,
markets,
points,
rally
Related posts
September 25th, 2009 -- Posted in Appetite |
Sept. 25 (Bloomberg) — The dollar advanced for a third-day against the euro, the longest perseverance of gains in a month, as signs of a easily turn for the better from the slump reduced enquire for higher-yielding assets funded in the greenback. The dollar headed for its outset weekly progress in Three weeks against the 16-nation currency before a description calculate to show that intumescence in U.S. durable goods orders slowed hindmost month.
The beat reached the lowest in more than Three months against the dollar after the Newcastle Journal reported that Bank of England Governor said the pound’s drop is “very helpful” in rebalancing the U.K. economy.
continue reading »
Tags:
currency,
dollar,
yesterday
Related posts
July 26th, 2009 -- Posted in Appetite |
July 25 (Bloomberg) — Canada’s dollar rose for a in the Second place week against its U.S. counterpart as gains in worldwide assets markets boosted commodities such as offensive unguent and copper and improved the prospects for currencies tied to growth.
The Canadian dollar, known as the loonie, advanced 2.5 percent over the background five days as administration and Primary bank officials said the nation’s restraint is growing. It strengthened 4.5 percent Model week after falling for the former six on thinking an money-making repossession might be delayed.
continue reading »
Tags:
canada s,
canadian,
currency,
dollar,
markets,
percent,
toronto
Related posts
Next »
