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Day: August 5, 2010
August 52010
Japanese Currency Benefits from Increasing US Jobless Claims
The Japanese yen strengthened today the stocks dropped and the number of the jobless claims in the US rose more than expected, driving the investors to seek the safety of Japan’s currency. The analysts estimated previously that the jobless claims decreased last week. The actual figure shook the markets, as it demonstrated the increase by 19,000 to 479,000. The Standard & Poorâs 500 Index declined by 0.4 percent and the Stoxx Europe 600 Index went down 0.3 percent. The uninspiring […]
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August 52010
Sterling Falls After Interest Rates Remained at Low Level
The Great Britain pound fell today after the central bank’s policy makers kept the interest rates at the low level, despite the concerns that the inflation may accelerate. The pound was rising the last month on the outlook that the budget cuts wouldn’t cripple the Britain’s economy. The outlook became less optimistic after the Bank of England left the benchmark rate at 0.5 percent. As Neil Mellor, the currency strategist at the Bank of New York Mellon Corp., […]
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August 52010
Czech Koruna Weakens as Government May Curb Gains
The Czech koruna fell against the euro as the traders expect the government to weaken the currency to protect the nation’s exports and prevent the deflation. Against the greenback the koruna fluctuates between gains and losses after its slumped and then returned to the opening level earlier. The central bank’s policy makers expected to keep interest rates at the current on today’s meeting, which can be very dovish as the strong currency threatens the nation’s recovery. The nation’s economic recovery depends […]
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August 52010
South Korean Won Rallies, Will Government Intervene?
The South Korean won extended its gains for the fifth day after the macroeconomic data from the US eased the concerns about the global economic growth. The yesterday’s report showed that the conditions of the service industries in the US were better than estimated and the report today expected to show that the number of jobless claims decreased. The government may intervene to limit the currency’s gains, but this month the won may continue to rise. USD/KRW traded […]
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