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Day: August 9, 2010
August 92010
Yen Falls as Demand for Safety Weakens
The Japanese currency fell today against the US dollar on the outlook that the Federal Reserve will introduce the additional stimulus, supporting the US economy. The yen also fell versus some higher-yielding currencies, including the Australian dollar, after the stocks rallied. The Standard & Poorâs 500 Index rose 0.3 percent and the Stoxx Europe 600 Index gained 1.4 percent. The European stocks rallied after the report showed that the German exports […]
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August 92010
Outlook for Euro Improves But Still Remains Pessimistic
The euro endured hard times this year as the financial crisis in the European Union made us question the very existence of the currency. Therefore, the rally it showed this summer was rather unexpected. The experts expected the rally to end soon, perhaps even this month. Does the outlook changed? Not much, though it became somewhat more bullish. The bears point out that the countries such as Greece, Spain and Portugal can […]
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August 92010
NZ Dollar Drops as Central Bank May Stop Rates Increases
The New Zealand dollar fell today after the report showed that the house prices increased with slower pace, causing the speculation that the central bank wouldn’t raise the interest rates next month. The house prices in New Zealand grew 4.1 percent in July from a year earlier, following the growth by 5.2 percent in the previous month. The Reserve Bank of New Zealand announced, after it raised the key rate to 3 percent […]
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August 92010
South Korean Won Up on Outlook for Rates Hike & Inflation
The South Korean won extended its rally for yet another day as the anticipation that the central bank would raise the interest rates increased the appeal of the currency. The central bank increased the borrowing costs by the quarter percentage point on July 9 from the record low level of 2 percent. The forecasts promise the consumer prices in South Korea to rise by 2.8 percent in 2010, up from the previous estimates of 2.6 increase. The analysts say that […]
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