Day: December 18, 2007

December 18
2007

Chinese Yuan Appreciates on Diversification

The United States Treasury International Capital report showed that China has been selling its Treasuries for a third month in a row in October 2007, which may signal for the start of the funds diversification. Yuan rose by 0.06% after this release, climbing up to 7.3828 per U.S. dollar from 7.3873 at the close yesterday, […]

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December 18
2007

Japanese Yen Falls Today

The Japanese yen fell against majority of the world currencies on the rising risk appetites of the global and Japanese investors along with the extremely low probability for the rate hike by the central bank of Japan. As almost always the case with the yen falling — the most gaining currencies are the ones with the highest interest rates set by central banks — i.e. the South African rand and the New Zealand dollar. Surveys of the Japanese financial companies show their urge […]

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December 18
2007

Dollar Unchanged After Housing Data

Dollar remains almost unchanged against euro even after the release of the U.S. housing data. EUR/USD grew up by about 16 pips only for the whole day with the main movement direction changing constantly. Supported by the yesterday data on the net foreign purchases, dollar doesn’t want to give up positions even after the not so good data in the real estate sector. U.S. Census Bureau released the New Residential Construction […]

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