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Day: February 1, 2010
February 12010
Dollar Tumbles on Increased Risk Appetite
The U.S. dollar lost versus most of the main traded currencies in foreign-exchange markets with a stronger risk appetite today as traders expect the economic recovery to accelerate, decreasing demand for refuge currencies after the dollar gained during most of the past week’s sessions. Even if U.S. data published today did not frustrated traders, a renewed appetite for riskier assets brought traders to purchase higher-yielding currencies while demand for commodities like […]
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February 12010
Euro Rebounds on Stocks Performance
After losing versus most of the main traded currencies during last week’s session, the euro rebounded today as stocks surged globally, renewing confidence for higher-yielding currencies, and forcing the greenback down versus the European single currency for the first time in 5 days. The euro profited from a less risk averse scenario today as stocks and commodities witnessed an advance on their prices as investors bet on the economic recovery as some countries consider lifting stimulus […]
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February 12010
EUR/USD Rebounds on Equities Optimism
The dollar started the week reverting last week’s trend versus the euro and dropped as risk appetite reappeared in markets this Monday, forcing equities up and declining appeal for the safety of the greenback. Personal spending and income increased in the U.S. adding appeal for riskier assets as ISM PMI index rose for another month. EUR/USD currently trades at 1.3915. Personal income rose 0.4% in December, from a previous advance of 0.5% in November (revised). Personal spending […]
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February 12010
Euro May Fall Further After Monthly Drop
The start of 2010 was rather grim for the European single currency as consumer confidence and economic acceleration decreased in the European Union, adding to the negative sentiment spread in markets but some of the bloc’s members raising budget deficits. The Eurozone has been shunning investors as multiple countries using the single currency like Ireland, Portugal, Italy, Spain and specially Greece are having a hard time to tighten the gap on their national accounts, as budget deficits […]
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