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Day: June 10, 2010
June 102010
Rising Employment Value Bolstered Aussie
The Australian dollar strengthened today as the report showed the improving conditions on the jobs market and as China’s exports surged. Chinese exports rose 49 percent and imports went up 48 percent in May compared to the previous year. China is Australia’s largest trading partner. The employment increased by 0.2% to 26,900 in May from April; the unemployment rate decreased 0.2 percentage point to 5.2%. The favorable figures added to the evidences of the strong Australian economy, while […]
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June 102010
Asia Helped Euro Regain Its Strength
The euro rose against the U.S. dollar and the Japanese yen as the expanding Asian economies suggested that the global economic recovery wouldn’t be slowed by the troubles in Europe, boosting the stocks and easing the volatility on the global markets. Chinese exports rose by almost 50 percent compared to the previous year, while Japan reported that the consumer spending and the exports helped to expand the nation’s economy more that expected. The Standard & Poorâs 500 Index rose […]
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June 102010
New Zealand Dollar Rises with Interest Rates
The New Zealand dollar rose today after the central bank increased the interest rates, hinting that it’s more concerned with the inflation that with the appreciation of the nation currency. The Reserve Bank of New Zealand raised the official cash rate to 2.75 percent from the record-low 2.5 percent. The economists expect further increases of the interest rates as inflation predicted to jump to 5.3 percent in 2011 after the sales tax rose, increasing the prices. […]
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June 102010
Mexican Peso Rises as Consumer Prices Slow
The Mexican peso gained today for a third straight day against the U.S. dollar as the crude oil prices rose and on the expectation that the central bank won’t rise the interest rates after the consumer prices fell more than predicted. The consumer prices dropped 0.63 percent in May from April. The prices for crude oil, which is Mexico’s biggest export, rose 3.3 percent to $74.38 per barrel today. The analysts think that […]
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June 102010
Euro Outperforms Dollar for Third Day
The euro extended its rally for a third day as growing Chinese exports suggested that an impact of the European troubles on the global economic recovery might be alleviated by the Asian economic growth. In the same time, today’s reports showed not the best results for the U.S. economy with the growing number of initial jobless claims and the increasing budget deficit. EUR/USD trades currently at 1.2105. U.S. trade balance posted a deficit of $40.3 billion in April, up […]
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