February 2nd, 2010 -- Posted in Appetite |
NEW YORK: The US dollar weakened against the euro on Monday as investors choice a restoration to riskier assets in scouring of higher returns, encouraged by signs of strengthening manufacturing in indicator economies. The sole European currency firmed to 1.3931 dollars at 2200 GMT, up from 1.3862 dollars tardy Friday in New York.
The dollar rose against the Japanese currency, to 90.59 yen from 90.19 on Friday. “The US dollar is starting the week on the defensive, a ‘payback’ for the greenback’s modern grit and a meditation of a a little more bullish tenor in epidemic high-mindedness markets,” said Vassili Serebriakov, currency strategist at Wells Fargo Bank. Risk desire was back after manufacturing in the United States, the eurozone and China showed original mettle on Monday as the international terseness emerges from the worst downturn in decades.
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January 27th, 2010 -- Posted in Appetite |
Jan. 26 (Bloomberg) — The weakened for the cardinal spell in Three days as investors’ peril enthusiasm dropped among reflection China will take further steps to cool fiscal growth, curbing demand for higher-yielding assets. The shekel strike down as much as 0.5 percent and was 0.3 percent belittle at 3.7289 per dollar at 4:39 p.m. specific time.
Bond Prices closed scanty changed with the benchmark Mimshal Shiklit note 0.09 shekel trim at 113.39. The supply on the 6 percent custody due February 2019 added one heart point to 4.9 percent.
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November 15th, 2009 -- Posted in Appetite |
Nov. 14 (Bloomberg) — Canada’s dollar posted the biggest five-day close in in more than a month as investors’ desire for higher-yielding assets increased amongst guesswork the broad money-making recovery is gathering momentum. The Canadian currency strengthened for a following consecutive week, outperforming 14 of its 16 most-traded counterparts tracked by Bloomberg against the U.S. dollar.
Stocks climbed, and gold touched a extreme high. Consumer Prices rose on an annual principle in October for the Primary tempo in five months, Statistics Canada is forewarning to news next week. “It’s been a reasonably flattering week for Canada,” said , Toronto-based chief of foreign-exchange trading at Bank of Nova Scotia, Canada’s third-largest lender.
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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.
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October 27th, 2009 -- Posted in Appetite |
The New Zealand dollar may failure this week as rumination that the US Federal Reserve will stronger monetary policy earlier than expected stokes the sue of the greenback and Appetite for higher-yielding, or riskier, assets dims. All seven strategists and economists in a BusinessWire appraise forecast the kiwi will go to ruin this week as investor fondness for riskier, or higher-yielding, assets wanes and markets await the Reserve Bank of New Zealand’s March past of engagement rates on Thursday. The Dollar Index, a magnitude of the greenback against six dominant currencies, climbed 1 percent to 76.06 as markets become convinced the Fed will substitution its choice of words in next month’s statement to pave the progress for the removal of its quantitative easing programme, according to the Wall Street Journal.
Equity markets and commodity Prices tumbled in the U.S. surrounded by distress banks and lenders may have to discontinue more capital to take off government support programmes. “The kiwi’s torture at the hands of heightened risk reluctance and a clear reversal in U.S. equities,” said Sue Trinh, ranking currency strategist at RBC Capital Markets in Sydney.
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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.
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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.
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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.
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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.
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October 15th, 2009 -- Posted in Appetite |
The U.S. dollar extended losses against most critical rivals Wednesday, stricken as Chinese data, doctrinaire U.S. corporate takings and remarks by the Federal Reserve’s villainy chairman downplaying inflation risks whetted investor inclination for touch-and-go assets, strategists said. U.S. routine factor futures extended gains after J.P. Morgan Chase (JPM) outpaced expectations by reporting a $3.6 billion third-quarter profit.
Rising equities have spelled fancy for the U.S. dollar as investors abandon the antediluvian secure haven for riskier assets. Data showed China’s exports contracted at a slower speed in September, falling 15.2% from a year ago after a 23.4% year-on-year contraction in August. China’s craft extra totaled $12.9 billion in September, a 56% go down from a year ago and smaller than median furnish expectations for a $15.8 billion surplus.
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