The U.S. dollar gained versus most of its major counterparts and rose to the highest level since August 2009 against the Japanese yen as the improving situation in the labor market boosts the confidence in the economic recovery of the U.S. and helps the U.S. manufacturing to expand, further bolstering the U.S. economy. The Labor Department reported that last month 162,000 jobs was added by employers as the previous dollar declines ensured that the labor cost in the U.S. is cheaper … “More Jobs Lead to Stronger Dollar”
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Russian Ruble is Bolstered by Crude Oil Prices
The Russian ruble rose against the U.S. dollar today as the crude oil’s price reached its record high in 17 months on the signs that the rising pace of the global economic recovery may spur the demand for the fuel. The oil, being the main nation’s export, has the great impact on the Russian currency’s performance and the overall economic situation in the country. Despite the rising prices for the nation’s key export commodity the ruble’s further appreciation may halt, contained … “Russian Ruble is Bolstered by Crude Oil Prices”
Dollar Rallies on Job Gains
It finally happened – the American job market gained 162,000 jobs in March. The highest gain in 3 years sends the dollar higher across the board. Not all currencies affected equally. NFP Analysis. Non-Farm Payrolls rose by 162K. This is the first time that the Department of Labor reports a rise in jobs in the … “Dollar Rallies on Job Gains”
Yen Rises Against Euro with Recovering Economy
The Japanese yen rose slightly against the euro and the U.K. pound today as the exports, boosted by the demand from the emerging markets, showed a significant increase, causing the economy to recover with the greater-than-expected pace, though the U.S. dollar managed to outperform the Japanese currency with the aid of the increasing production and the decreasing jobless rate. The Bank of Japan, which previously stated that the economic rebound will remain just “moderate”, may consider increasing their economic … “Yen Rises Against Euro with Recovering Economy”
GBP/JPY and the Non-Farm Payrolls
GBP/JPY completed a strong move up and stalled at the resistance line. At this new crossroad, the American Non-Farm Payrolls could help it make a decision. After breaking the 140 area, the Geppy moved quickly towards 143.60, which was the peak in the middle of February. Will it fall back down towards 140? or continue … “GBP/JPY and the Non-Farm Payrolls”
Swiss Franc Drops After Aggressive Intervention by SNB
The Swiss franc experienced a decline against the euro because of the intervention by the Swiss National Bank, as the central bank was selling the currency after it reached the record high level. One of the SNB Governing Board members said that the policy makers will stop a further excessive appreciation of the frank. That’s a stricter position compared to his statement on March 18th, when he stated that the bank is unable to purchase foreign currencies … “Swiss Franc Drops After Aggressive Intervention by SNB”
Chilean Peso Profits from Earthquake Damage
The Chilean peso gained, cutting its losing streak, which it experienced for three weeks, on speculation that the government and insurers may start selling dollars, to pay for fixing the damage caused by the earthquake with a magnitude of 8.8 magnitude. The Chile’s government is required to pay more than $9 billion from $30 billion needed for the reconstruction, which it plans to raise by selling bonds in dollars and also by using its copper savings, … “Chilean Peso Profits from Earthquake Damage”
Pound’s Rally is Supported by Opinion Polls
The pound continues its rally versus the U.S. dollar, touching the highest level since March 22nd, as the survey showed that the Conservative party is leading against the opposing Labor party in the election, lowering a concern that the new government may be not strong enough to tame the budget deficit. The U.K. currency fell earlier on concern that the parliamentary election, which is held this year, may result in a government without … “Pound’s Rally is Supported by Opinion Polls”
Dollar Rebounds After Retreating on Signs of Global Recovery
The U.S. dollar rose slightly above the opening level after it dropped today to a lowest level in a week versus the euro as the pace of the global economic rebound increase, forcing down the demand from traders and investors for the U.S. currency as a safe haven and an investment asset, who are now more willing to part with the greenback and take a little more risk. The renewed pace of the world economic recovery is proving to be dangerous to a performance … “Dollar Rebounds After Retreating on Signs of Global Recovery”
Dollar Appeal Declines on Riskier Assets Outlook
The dollar continued to lose ground this Wednesday as appetite for risk remains predominant in trading markets worldwide this week, making investors to bet higher-yielding assets once and moving the dollar towards a weekly loss versus multiple currencies. Several events during this week determined a reversal on the U.S. dollar charts as optimism increased significantly after positive reports were released in different economic regions around the globe, impacting negatively the demand … “Dollar Appeal Declines on Riskier Assets Outlook”