Month: October 2012

UK pound is holding its own against the US dollar, helped by a return to risk appetite. Without the general risk appetite, the pound would likely be struggling much more, as the British policymakers look for a way to boost the UK economy. Right now, things are a little slow going for the UK economy. Prime Minister David Cameron‘s latest plan has run into a regulatory roadblock, and there are concerns about … “UK Pound Holds Its Own Against US Dollar”

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Euro is heading higher today as better news helps spur risk appetite. Euro is finding support as the Spanish bond auction outperforms expectations, and as US jobs data shows improvement. Even though there are still concerns about whether or not Spain will as for a bailout in a reasonable amount of time, there has been some improvement in the situation. Spanish bonds outperformed, with prices rallying and yields falling. Indeed, … “Euro Gains Against US Dollar on Spanish Bonds and US Jobs”

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The US dollar was little changed against the euro and jumped versus the Japanese yen after the US unemployment rate unexpectedly fell, while employment grew in line with analysts’ forecasts. Now, traders speculate what impact the data may have on Federal Reserve’s policy. The unemployment rate dipped from 8.1 percent in August to 7.8 percent in September. That was a pleasant surprise as specialists have feared that the rate would … “Dollar Jumps vs. Yen on Employment Data”

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The Japanese yen remained steady today after the Bank of Japan kept interest rates unchanged and refrained from expanding its asset purchase program. Yesterday, the currency was weakened by expectation of an intervention from the BoJ. Japan’s central bank kept its main interest rate near zero, in line with forecasts, and refrained from additional asset purchases, which was a bit of surprise to analysts, who have thought that the bank … “Japan’s Central Bank Refrains from Additional Stimulus, Yen Steady”

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