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Day: July 22, 2010
July 222010
European Data Boosts Australian Dollar
Better than expected news from the Eurozone helped the Australian dollar to grow against all other major currencies today despite the pessimism expressed by the RBA yesterday. The Aussie rose against the greenback to the highest level since mid-May (this year) and extended its gains against the euro. The currency also rose against the Japanese yen and its New Zealand counterpart. The Australian dollar has been falling yesterday on concerns about the European […]
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July 222010
Korean Won Recovers on Corporate Report
The South Korean currency recovered its losses after dipping down earlier today as the corporate report from Hynix boosted the investors’ interest in the country’s stock market. The South Korean won was declining earlier as the traders reacted to the yesterday’s speech by Ben Bernanke, which stated that the U.S. economical situation is still very uncertain. Hynix Semiconductor Inc. reported $870 million operating profit for the second quarter of 2010, 30.8 […]
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July 222010
Dollar Declines on Poor Macro Reports
EUR/USD rose today above the yesterday’s open level as the macroeconomic reports from U.S. showed that the economy is recovering too slowly. Employment, housing and economic reports turned out to be negative today. The currency pair is now trading near 1.2920. Initial jobless claims rose from 427k to 464k during the previous week. The expected growth was only to 445k. Leading U.S. economic indicators decreased by 0.2% […]
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