The Swiss franc retreated versus the euro and the pound after gaining sharply, on speculations that the nation’s central bank intervened to control the franc’s rally. After the franc touched the highest level in 10 months versus the euro, it fell sharply before the end of this week’s session, on speculations that Swiss National Bank officials sold the currency to prevent the franc to rally further. SNB President Philipp Hildebrand refused to comment on the subject. EUR/CHF … “Swiss Franc Tumbles From Record High”
Author: admin_mm
Euro Suffers on Single Currency Crisis Speculations
The euro lost today versus most of main traded currencies as rising budget deficits in some Eurozone member countries is shunning investors from the region, as well as speculations suggesting that Greece would leave the single currency affected market sentiment in the Euro area. The euro had its sharpest gains versus the Swiss franc today as leading indicators in the alpine country rose for another month consecutively, evidencing the strength and resilience of the Swiss … “Euro Suffers on Single Currency Crisis Speculations”
GDP Pushes Dollar Up Before Weekend
The dollar is going towards the end of this week with a positive performance versus most of its main trading partners currencies, after a GDP report published today brought figures beyond what analysts suggested, adding confidence for the U.S. economy and currency outlook. The greenback had its sharpest gains today versus the yen after Japanese policy makers said that they are ready to intervene on financial markets, as a strong … “GDP Pushes Dollar Up Before Weekend”
Market Reacts Slowly But Powerfully to the Strong US
Advance GDP for the fourth quarter showed a super-strong growth of 5.7%, much better than expected. The market’s reaction wasn’t strong at first. There are two reasons for this slow initial response. The highest growth rate in 6 years doesn’t impress the markets at first. EUR/USD (in a lower range) traded at 1.3940, only 30 … “Market Reacts Slowly But Powerfully to the Strong US”
Chilean Peso Down on Manufacturing Data
The Chilean peso is facing its longest losing trend in more than a year as a combination of international risk aversion with poor national economic data is causing an exodus of capital from one of South America’s most dynamic economy. After a report was published today showing weaker-than-expected data for manufacturing productions and sales, the Chilean currency dropped for the ninth day in a row, as copper, the country’s chief-export, had the third day of straight … “Chilean Peso Down on Manufacturing Data”
Polish Zloty Climbs on Country GDP
The zloty advanced today versus the euro after a GDP report showed that Poland was the only EU member country to dodge recession in 2009, bringing regional investors to inject capital betting in the resilience of the Eastern European nation. After a gross domestic product report published today indicated a growth of 1.7 percent for the Polish economy last year, the zloty gained versus the euro and its neighboring countries currencies, as Poland’s dynamism to avoid … “Polish Zloty Climbs on Country GDP”
Euro Tumbles on Southern Regional Budget Deficits
The euro slid today versus virtually all of 16 main traded currencies on foreign-exchange markets as some Eurozone member countries raising budget deficit is still affecting attractiveness for assets in the region, in a day were commodity linked currencies outperformed most currencies as risk appetite returned to markets. The euro was affected today as new events coming from Portugal and Greece fueled emerging fears that these southern European nations … “Euro Tumbles on Southern Regional Budget Deficits”
EUR/USD – New Week, New Lower Range
EUR/USD dipped below another important support line and is getting used to a new range. Will it settle in a lower range next week? Not so fast. Here’s an updated technical look at EUR/USD. The reasons for the fall start in Greece and end at Washington or Beijing – the EUR/USD bears are everywhere. But … “EUR/USD – New Week, New Lower Range”
Yen Falls on Fed Positive Remarks
The Japanese currency ended a rally fueled by risk aversion as a Federal Reserve statement published yesterday brought optimism to financial markets globally, decreasing appeal for refuge investments available in Japan, specially versus high-yielding currencies. The yen posted the sharpest decline this week after the U.S. President Barack Obama suggested tax privileges to help companies in the country to grow, after risk appetite had already increased on a Federal Reserve statement which … “Yen Falls on Fed Positive Remarks”
Romanian Leu Climbs on IMF Statements
The Romanian leu gained versus the euro today after the International Monetary Fund affirmed it will release the currently stopped bail out program for the eastern European country, allowing the leu to beat several currencies in the region. After the International Monetary Fund stated that the $30 billion loan program for Romania will restart, the leu touched the highest level in a week versus the euro, since the bail out had been suspended after … “Romanian Leu Climbs on IMF Statements”