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Day: April 9, 2010
April 92010
Commodity Prices & Stocks Drive Brazilian Real Upward
The Brazilian real strengthened against the U.S. dollar today as the rising commodity prices make better prospect for the exports and because the growing global supplies allows the traders to take more risk while seeking for better deals. The real’s strengths are also supported by the optimistic outlook for the foreign inflows, which may improve even further with the increase of the interest rates. The yield of the January 2011 contract added 4 basis points to 10.5 percent, […]
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April 92010
Euro Climbs as Danger of Default in Greece Recedes
The euro advanced for the second straight day versus the U.S. dollar and the Japanese yen, supported by the announcement of the European Union officials that they are ready to aid Greece if necessary and also on outlook that Greece will get the international bailout to avoid the budget default, probably by the end of this week. The spread between the yield of the Greek 10-year bonds and the German bonds rose yesterday to 442 basis points, the highest level since the appearance […]
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April 92010
Dollar May Be Bolstered by Consumer Demand
The U.S. dollar declined against the euro after the concern about Greece’s budget deficit has eased, but in the same time the U.S. currency gained versus the Japanese yen and may be further bolstered by the signs of the increasing consumer demand, signaling about the recovering economy and the rising consumer purchasing capability. The main reason for the increasing consumer buying is the improving job market boosting the confidence of the consumers and spurring their desire to spend money. […]
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April 92010
EUR/USD Rallies with U.S. Wholesale Inventories
EUR/USD went up significantly today on the background of the rising wholesale inventories in United States, but the main reason for the rally was probably in the Greece’s bailout expectation. The currency pair reached its highest level since Tuesday and is now trading near 1.3470. Wholesale inventories continued to grow in February and increased by 0.6% during that month after a growth of 0.1% during January. The estimate of the wholesale inventories growth was at 0.4%. Initial […]
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April 92010
Interest Rate Advantage Boosts Australian Dollar Against Greenback
The New Zealand’s dollar advanced versus its U.S. counterpart for the second straight day as the nationâs interest-rate advantage over the U.S. reached its highest level since 2008 after the central bank raised its benchmark rate on April 6th. The Reserve Bank of Australia declared that the increase of the benchmark rate on April 6th was the âfurther stepâ to return the interest rates to the average levels. The Australian dollar was also supported by the rising […]
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