Day: December 2, 2009

December 2
2009

Yen Drops on Intervention Talks

The Japanese currency declined versus most of the 16 main traded currencies after speculations rose that Japanese officials are ready to intervene on the current yen’s level, as it would be an obstacle for the Japanese economic recovery, decreasing competitiveness for the nation’s exports. After the Japanese newspaper Nikkei affirmed that Japan’s Prime Minister Yukio Hatoyama made statements against the yen’s current levels, the yen immediately dropped versus virtually all […]

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December 2
2009

Dollar Rise on U.S. Stocks Decline

After a very sharp fall versus the euro and high-yielding currencies, the dollar gained today as equities markets, specially in the U.S. ended a rally that started in the beginning of the week with renewed optimism regarding the Dubai debt. The U.S. dollar had been having a negative performance this week as risk appetite grew intensively after China posted the best monthly manufacturing figures in 5 years, creating an exodus of capital from dollar-price assets […]

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December 2
2009

EUR/USD Falls Slightly After Strong Rally

The EUR/USD currency pair remained stable during most of today’s session posting a slight decline after being bullish in the beginning of the week as concerns regarding Dubai’s debt decreased and China’s manufacturing figures set risk appetite strong among traders that opted for higher-yielding options in currencies markets. At the moment EUR/USD is declining swiftly and trading at 1.5079. ADP unemployment rate posted a decline of 169k job places in November, a considerable improvement […]

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