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Day: April 15, 2010
April 152010
Yuan Strengthens as Economy Grows
The Chinese yuan rose against the euro today on the speculation that the nation’s expanding economy will encourage the policy makers to allow the appreciation of the China’s currency. The economic expansion was helped mainly by the stimulus programs and even the 29 percent jump of the exports in the first quarter doesn’t seems to make the policy makers to be very willing to end the crisis measures. The Chinese economy widened 11.9 percent in the first quarter, faster than the 10.7 percent […]
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April 152010
Loonie Trades Near Parity with Greenback
The Canadian dollar trades near parity with its U.S. counterpart as traders shored up bets before the meeting of the nationâs central bank to determine the interest rates, occurring next week. The relatively fast pace of the economic recovery in Canada gave birth to the speculation that the faster rebound may result in the faster increase of the interest rates. The economic recession had somewhat lesser impact on the Canada’s economy, compared to other countries, and now it […]
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April 152010
Chinese Widening Economy Helps Won
The widening growth of the Chinese economy helps to boost other Asian country’s economies and exports, and the appreciating South Korean won is one of the signs of this trend. The funds are streaming into the country, as the investors have the bullish outlook for the Korea’s performance. The experts think that the Korean currency has the potential to continue its rise. The news can be considered favorable not only to the Asian region, but to the world as well as the exporters in the regional […]
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April 152010
Euro Down as Concern for Greece Resurfaces
The euro went down today as the concern grows that the rescue package, provided by the European Union to Greece and valued as much as 45 billions euro ($61 billion), wouldn’t be enough to completely deal with the country’s debt. The worries about the strength of the Greece’s economy grow anew and may hurt other European countries as the concerns are spreading to them too. Another such country may be Portugal as was signaled by the EU official’s […]
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April 152010
EUR/USD Falls Before Macroeconomics Released
EUR/USD went down today before the a group of important macroeconomic reports were released. After release, the currency pair corrected up slightly. It’s now trading near 1.3564. Initial jobless claims went up by 24k to 484k last week. They were expected to decline to 440k instead. Net foreign purchases of the U.S. long-term securities were at $47.1 billion in February — up from $15 billion in January. The forecasts were […]
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