Archive for October 2010

Yen Weakens as Stocks Gain, Talks About Intervention Intensify

The Japanese yen went down today as the Asian stocks rallied, causing the speculation that the region’s economy continues to grow and damping the demand for the Japanese currency as the safe haven.

Dollar Falls as Federal Reserve Signals About Easing

The dollar weakened after the Federal Open Market Committee released the minutes of its policy makers’ meeting, which signaled about the second round of quantitative easing.

Can Euro Resume Its Rally After Decline?

The euro retreated today against the US dollar and the Japanese yen on the speculation that it rallied too much earlier. It may still resume its rally depending on the decisions of the US and Japanese policy makers.

Pound Weakens as UK Houses Prices Decline

The Great Britain pound dropped today after the report showed the decline of the house prices, signaling about the lack of the buyers’ confidence and the lack of the mortgages.

Yuan Weakens on Threats of Trade Sanctions from US & Europe

The yuan touched the highest level versus the US dollar today in more than two years on the speculation that China would allow its currency appreciate as the US and Europe threaten to implement the trade sanctions.

Another Week of Dollar Weakness on Talks About Easing

This week was marked by the talks about the possible quantitative easing by the US Federal Reserve, the talks which were further fueled by the unexpectedly poor report about the US employment. In such environment the dollar has no choice but to go down.

USD/JPY for First Time in 15 Years Below 82 on US Payrolls

The US dollar fell today against the Japanese yen to the lowest levels since 1995 as the nonfarm payrolls report was far worse than expected. The currency also fell versus the Great Britain pound and was declining versus the euro before rebounding and closing near the opening level.

Swiss Unemployment Drops, Franc Rise vs. Dollar & Euro

The Swiss franc fell versus the euro at the beginning of today’s trading session as the speculation the European Central Bank wouldn’t ease its monetary policy reduced the demand for the franc as the safe haven. The Swiss currency rose later after the report showed that the unemployment rate in Switzerland fell to the lowest level in more than a year.

Rand Falls After Finance Minister Says It’s Too Strong

The South African rand weakened today as the words of the South Africa’s Finance Minister about the rand being too strong outweighed the influence of the outlook for the good US unemployment reports today bolstering the higher-yielding assets.

Canadian Dollar Drops on Building Permits Report

The Canadian dollar fell today against 15 of 16 most traded currencies after the reports showed the building permits tumbled far below the expected value and on outlook for the slower employment growth in Canada.

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