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Day: July 28, 2010
July 282010
Zloty Rise vs. Euro as Economic Growth May Cause Rates Hike
The Polish zloty extended its rally for the eighth consecutive day against the euro as the estimates of the Economy Ministry showed that the economy grew with the increasing pace, igniting the speculation that the central bank may raise the interest rates. The Polish currency dropped against the U.S. dollar slightly. The Economy Ministryâs report showed that the gross domestic product grew by 3.1 percent in the first half of this year, compared 1.8 percent in 2009. […]
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July 282010
Dollar Declines vs. Yen as Durable Goods Orders Unexpectedly Fell
The U.S. dollar fell today against the Japanese yen after the report today showed that the orders for the U.S. durable goods fell unexpectedly in June, fueling the concern for the economic recovery and spurring the investors to turn to the safety of Japan’s currency. The EUR/USD moves up and down today after it closed yesterday near its opening level. Durable goods orders declined for the second consecutive month, falling by 1.0 percent in June after dropping […]
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July 282010
Aussie Falls as Low Inflation Promises Unchanged Interest Rates
The Australian dollar fell today for a second day against its U.S. counterpart as the in inflation rose slower than expected, fueling the speculation that the central bank would keep the interest rates unchanged. The consumer price index rose 0.6 percent in the June quarter 2010, compared with the rise of 0.9 percent in the March quarter 2010. The forecasts promised the 1.0 percent growth. There are not many reasons for the Reserve Bank of Australia […]
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July 282010
EUR/USD Goes Up as Durable Goods Orders Fell Unexpectedly
EUR/USD was volatile today and rising currently after number of orders for durable goods unexpectedly fell in June. Inventories of crude surged significantly, also surprising market participants. EUR/USD trades currently near 1.3025. Durable goods orders unexpectedly dropped by 1.0% in June, the second consecutive monthly decrease, following the decrease by 0.8% in May. This release frustrated traders, who expected a growth by 0.8%. Crude oil inventories increased by 7.3 […]
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July 282010
Brazilian Real Falls as Central Bank May Intervene to Curb Gains
The Brazilian real declined today on the speculations that the central bank may start selling the currency for the dollars for the first time in more than a year. The central bank needs to curb the real’s gains and protect the nation’s exporters after the currency appreciated 6.2 percent in the last two months and the current account deficit grew. The bank already has intervened previously, but that wasn’t enough to stop the currency’s rally. USD/BRL traded at 1.7685 as of 8:24 […]
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