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Day: April 13, 2010
April 132010
Dollar’s Strength is Sapped by Increasing Deficit
The U.S. dollar is approaching parity with its Canadian counterpart and is declining against the Japanese yen as the currency is sapped of its strength after the trade balance deficit has increased more than predicted, reducing the appeal of the greenback to the investors. The import demand increased, causing the trade deficit to rise to $39.7 billion in February from $37 billion the month earlier. The deficit may yet be reduced with the aid of the foreign […]
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April 132010
Yuan’s Rise May Be Not Fast, but Is Expected
The Chinese yuan may gradually rise as the China’s government is likely to let the nation’s currency to appreciate in order to fight the inflation, but the sharp increase because of the foreign pressure isn’t expected. The 17 percent jump of import prices in March from the previous year caused the first balance trade deficit in China since 2004, suggesting that the government should step in to curb inflation, possibly by helping the yuan to go up. The fast surge […]
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April 132010
Central Bank May Continue to Restrain Zloty’s Gains
The Polish zloty’s appreciation may be restrained as the new head of the central bank will likely to continue the previous governor’s policy of curbing the gains in the nation’s currency. The skyrocketing zloty’s appreciation has hurt the country’s exporters, demanding the intervention from the central bank. The bank’s governor died in the plane crash, which has taken also the life of the Poland’s President, amongst others. On the day before the tragedy the bank performed its first intervention in 12 […]
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April 132010
Real May Rise with Increasing Interest Rates
The Brazilian real may go up as the central bank is going to increase the interest rates in an attempt to help the economy by attracting the foreign investors, which are seeking the higher yields. The central bank are expected to rise the benchmark by a half of the percentage point, at least, to 9.25 percent from the Brazil’s record low level of 8.75 percent. These measures are undertaken to curb the nation’s inflation and to boost the economy, which may be aided […]
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April 132010
Dollar Consolidates on Trade Balance Deficit Growth
EUR/USD consolidated today with a previous movement both up and down, as the traders are unsure about the further direction for the pair. The dollar’s dynamics against the euro is affected strongly by the events in Europe and less of the market participants look seriously at the U.S. statistics nowadays. EUR/USD is now trading near 1.3599. U.S. trade balance deficit rose from $37.0 billion to $39.7 billion in February as the imports rose 10 times faster […]
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April 132010
New Resource About Forex Bonuses
A new Forex resource went on-line today. It was created to present the available Forex bonuses to the traders, allowing them to get the detailed information about the bonuses, read other traders’ reviews and participate by reviewing and rating the brokers’ bonus programs. ForexBonus.com is currently listing 32 active bonuses from 13 different Forex brokers. The bonuses are divided into 7 major categories: Deposit Bonuses — the ones that require […]
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