Archive for October 2010

Good Week for Pound, Yet Outlook Remains Uncertain

The Great Britain pound rose this week as the favorable GDP report and the improving consumer confidence caused the speculation that the central bank wouldn’t introduce the additional stimulus to support the economy.

Canadian Dollar Rises on US and Canadian GDP

The Canadian dollar rose today after the reports showed that the economies of Canada and the US expanded, boosting the demand for the higher-yielding currencies.

Consumer Confidence in UK Improves, Supporting Pound

The consumer confidence in the UK unexpectedly improved this month, supporting the Great Britain pound and possibly allowing it to post the weekly gain after the previous streak of the losses.

Euro Slips After Discussion of Mechanism to Prevent Debt Crisis

The euro fell today as the European Union’s leaders discussed the permanent debt mechanism, causing the concerns about the renewed debt crisis in Europe.

BoE May Postpone Quantitative Easing — Pound Rises

The Great Britain pound surged as the report this week showed the faster growth of the UK economy in the third quarter, causing the speculation that the next round of the quantitative easing would be postponed.

Retail Sales Bolsters Swedish Krona & Bets on Rates Hike

The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike.

Yuan Appreciation Slows as Dollar Strengthens

The Chinese yuan fell today to the lowest level in a month after the central bank set the reference rate lower for the third day, fueling the speculation the government would limit the currency’s gains.

Dollar Falls as Talks About Quantitative Easing Intensifies

The US dollar fell against all other most-traded currencies today as the speculation that the bonds buying program of the Federal Reserve would weaken the US currency increased the demand for the riskier assets.

New Zealand Currency Attempts to Rise After Slump vs. US Dollar

The New Zealand tumbled today, reaching the lowest level in three weeks on the outlook that the Federal Reserve would buy less assets to stimulate the US economy, before regaining its strength of the comments of New Zealand’s central bank. The currency extended its gains versus the euro.

Fed May Buy Fewer Bonds — Dollar Gains

The US dollar climbed today against all other major currencies on the speculation that the bonds purchases by the Federal Reserve would be less extensive than anticipated.

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