Day: July 21, 2010

July 21
2010

AUD Falls as Interest Rate Expectations Decrease Optimism

Following a rapid growth yesterday, the Australian dollar declines against its major counterparts (except euro) today as the market participants expect the interest rates to be on hold for some time. Worsening global economical situation spurs pessimistic expectations towards Australia’s interest rate. At 4.50 percent it’s already the highest among the developed nations and provided a good support for the currency. The Australian dollar fell against the USD, JPY and even against its […]

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July 21
2010

Japanese Yen Recovers as Markets Prepare for Risk Aversion

The Japanese yen rose against its major counterparts today, following the bearish session yesterday, as the traders expect some rise in the risk averting sentiment among the market participants before fundamental releases, stress test results. The yen rose against the U.S. dollar, the euro and the pound (and even a rather bullish Aussie) as the traders expect a speech by Fed‘s Ben Bernanke later today. They also expect some moderately pessimistic reports on the employment […]

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July 21
2010

EUR/USD Continues Its Drop on Oil Inventories Report

EUR/USD continued its decline today before and after the release on the oil inventories showed a rather small gain. Traders are also reacting to the yesterday’s news and to the elevated level of risk aversion. The currency pair is currently trading near 1.2818. Crude oil inventories rose by 0.4 million barrels in U.S. during the last week. Meanwhile the total motor gasoline inventories rose by 1.1 million barrels. The growth followed 5.5 million […]

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