The pound posted losses today versus most of the 16 main traded currencies as today, gross domestic product figures released in the United Kingdom revealed that the quarterly recession in the European nation was more than double of what economists forecast. The United Kingdoms Office for National Statistics posted a GDP report today that indicated a contraction of 0.8 in the British economy, which is more than double … “Pound Slides on Quarterly Recession Numbers”
Author: admin_mm
Euro Rises on Manufacturing Report Figures
The euro posted the first climb versus the U.S. in four days as this Friday a report indicated that the European manufacturing and services contracted at a slower pace, and German business confidence improved. The Eurozone currency is ending the second week of gains versus low-yielding currencies like the Japanese yen and the U.S. dollar as a rally in stocks that started in the beginning of the … “Euro Rises on Manufacturing Report Figures”
South African Rand Climbs on Corporative Fusion Speculations
The South African Rand climbed sharply today as a stake in one of the main South African mobile operators may be purchased by an Indian group, injecting money in the country and raising confidence for the rand outlook. Bharti Airtel Ltd. is the main mobile-phone operator in India, and would be interested in purchasing a … “South African Rand Climbs on Corporative Fusion Speculations”
Chilean Peso Hits One-Week Low on Copper Prices
The Chilean currency had a weakening performance today, as the copper, one of the main exports of the South American nation declined, damping demand for the peso. Chile is the world’s main copper producer, and today, most of metallic commodities dropped, as deposits are rising, causing a less intense demand to correct the price of … “Chilean Peso Hits One-Week Low on Copper Prices”
New Zealand Dollar Rallies on Corporate Earnings
The New Zealand currency is trading this week near to a nine-month high versus the U.S. dollar, as corporate earnings and stocks performance attracted investors to the riskier profile of the kiwi if compared to more conservative currencies like the greenback and the yen. The New Zealand dollar traded yesterday in its highest level versus the greenback after the Standard & Poor’s 500 Index reached … “New Zealand Dollar Rallies on Corporate Earnings”
Yen Declines as Stocks Rally Spurs Demand for Risk
The yen lost against all 6 major currencies as stocks continued a rally that is already the longest since 2003 on speculations that the global slump maybe ending, damping demand for the safe profile of the Japanese currency. The yen lost the most versus the euro today as Japanese financial corporations raised over 700 billion yen to purchase assets abroad, damping demand for the Japanese … “Yen Declines as Stocks Rally Spurs Demand for Risk”
Dollar Down as Risk Appetite Spurs Demand for Yield
The greenback posted a negative performance today as a decreased demand for safety made investors to leave the U.S. currency attracted to riskier assets in emergent markets. The dollar lost today against several emergent market currencies as North American companies like Apple Inc. posted higher-than-expected earnings, raising investors’ confidence to purchase emergent market currencies like … “Dollar Down as Risk Appetite Spurs Demand for Yield”
Euro Continues High as Demand for Safety Falters
The euro continued at high-levels versus the dollar and the yen, as stocks rallied and risk appetite damped demand for the safety of the Japanese and American currency. The euro benefited from a positive day in stock markets as American companies like Apple Inc. and Starbucks Corp. posted better than expected earnings, instigating risk appetite … “Euro Continues High as Demand for Safety Falters”
British Pound Weakens on House-Prices Decline Forecast
The British currency lost against most of the 6 main traded currencies as a government institution affirmed that the crisis in the real estate market will persist until 2012, shunning investors from pound-prices assets, and stopping last weeks rally versus the greenback and the yen. The National Institute of Economic and Social Research affirmed today that the house prices slump in the United … “British Pound Weakens on House-Prices Decline Forecast”
Yen Rebounds on Global Banking Situation Concerns
The yen rebounded versus a number of important currencies as concerns regarding an eventual recovery of banking institutions worldwide rose, consequently attracting investors once again to invest in the safety of the Japanese currency. The Japanese currency had a positive perform today after the CIT Group Inc. statement indicating that the existing liquidity available will not be sufficient to pay maturing notes, increasing speculations that one … “Yen Rebounds on Global Banking Situation Concerns”