Several negative numbers in China today brought worldwide investors to purchase yen-priced assets as pessimism and confusion regarding the global economic situation have returned to financial markets, favoring the safe profile of the Japanese currency. The yen gained versus most of the 16 main traded currencies today after reports in China posted a worse-than-expected rise for the national industrial output also indicating negative exports and new loans numbers, raising risk aversion among … “Chinese Industrial Outlook Decline Pushes Yen Up”
Author: admin_mm
Australian Dollar Down on Chinese Negative Data
The Australian Dollar lost today against several currencies like the yen and the U.S. dollar after a negative report in China pushed investors back to safer assets, damping demand for the Aussie’s riskier profile. The Australian currency lost the most in a week today after Chinese banking data came worse-than-expected by economists, showing a slide in new lending figures and a disappointing rise for fixed-assets investments, indicating that one of the main global economies may … “Australian Dollar Down on Chinese Negative Data”
FOMC Statement – An Opportunity to Short the Yen Crosses
Ben Bernanke and his colleagues at the FOMC are making their first rate decision after the unexpected drop in the American unemployment rate. Here are two dollar-bullish moves they could do. Since the dollar yen correlation is strong, shorting the yen crosses looks quite interesting. Here’s a preview for the FOMC Statement: Past Dollar Yen … “FOMC Statement – An Opportunity to Short the Yen Crosses”
Mexican Peso at 4-Month High on U.S. Recovering Data
The Mexican peso started the week at the highest level in 4 months as the United States are signaling that the path out of recession has been already started. The Mexican currency climbed to a 4-month high as the United States, Mexico’s main traded partner consuming more than 80% of its exports, is likely to revive its economy as reports last week brought investors’ confidence back to purchase dollar-priced assets, consequently favoring the U.S. … “Mexican Peso at 4-Month High on U.S. Recovering Data”
Euro Slides on Economic Conditions Comparison
The euro fell today versus the U.S. dollar and several other main traded currencies as speculations indicated that a number of economic zones are likely to grow faster and sharper than the Eurozone. The euro had its most intense loss versus the greenback today as most of economic analysts believe that the United States is offering more solid conditions for an economic revival than the Eurozone or Japan, being today’s decline the sharpest in 3 … “Euro Slides on Economic Conditions Comparison”
U.K.’s Recession Concerns Push Pound Further Down
The pound started this week continuing Friday’s bearish trend after the Great Britain government affirmed that the current asset purchasing program will be expanded, raising concerns that the British financial system is still in a delicate situation. Today during the start of the European trading session, U.K. gilts rose and the pound lost versus most of the 16 main traded currencies as the outlook for the British economy stills more negative than … “U.K.’s Recession Concerns Push Pound Further Down”
Yen Climbs After Japanese Government Report
The Japanese currency started this week with a more attractive outlook as the Japanese government indicated through several reports, that the Asian nation may be finding its way out of recession, spurring demand for yen, which has been attractive lately only due pessimist global economic indicators. During the darkest moments of the global slump, the Japanese currency tended to be attractive mostly when investors were looking for a refuge … “Yen Climbs After Japanese Government Report”
Pound Declines on Bank of England Statement
The pound declined in the end of this week, after the Bank of England affirmed that it will expand the current asset purchasing program in order to assure Britain’s financial system sustainability. After reaching a nine-month high versus the greenback and gaining consistently versus the euro, the pound lost sharply towards the end of the week as the Bank of England stated that it will proceed its asset purchase program, mentioning that quantitative easing is … “Pound Declines on Bank of England Statement”
Brazil’s Real Rebounded on U.S. Optimism
The Brazilian real, currency which had its rally halted yesterday as negative reports pushed stocks and commodities down around the world, climbed again today as U.S. employment data came better-than-expected. The Brazilian currency was one of those who benefited today from a U.S. employment report which indicated less job cuts in the nation for the month of July in comparison with June, renewing optimism and increasing risk appetite among traders. … “Brazil’s Real Rebounded on U.S. Optimism”
Improved Jobs Data Pushes U.S. Dollar Up
The U.S. dollar pared this week’s losses versus the euro as employers cut less-than-expected jobs in the country, adding optimism to the world’s wealthiest economy. The dollar reached a seven-week high versus the yen and gained versus most of the 16 main traded currencies as a report in the U.S. indicated that fewer jobs were cut in July than in June, suggesting that employment conditions are improving in the North America, which reflected positively for the greenback outlook, … “Improved Jobs Data Pushes U.S. Dollar Up”