- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: September 1, 2010
September 12010
Aussie Benefits from Australia’s GDP, US & China’s Manufacturing
The Australian dollar strengthened today as the pace of Australia’s economic growth was fastest in three years and after the reports showed that the manufacturing in the US and China expanded faster than predicted. The Australian gross domestic product rose 1.2 percent from March to June compared to the 0.7 percent growth in the previous three months, beating the economists’ forecasts of the 0.9 percent growth. The US ISM PMI grew from 55.5 in July to 56.3 in August. […]
Read more
September 12010
USD/CAD Falls on Improving Risk Sentiment, May Decline Further
The Canadian dollar rebounded today as the improving risk appetite pushed the stocks and crude oil higher and increased the appeal of the currencies linked to the economic growth. The MSCI World Index rose as much as 2.6 percent. October delivery for crude oil went up as much as 3.5 percent to $74.48 per barrel on the NYMEX. The risk sentiment improved after the manufacturing in the US and China expanded with faster pace in August. The US Manufacturing ISM Report on Business […]
Read more
September 12010
Rand Rebounds as Manufacturing Expands
The South African rand rebounded today from the monthly low after the local manufacturing expanded for the first time in three months and as the economic data from Asia was better than expected. The South African seasonally adjusted purchasing managersâ index rose to 50.3 in August, from 49.5 in July. The reading above 50 indicates the growth. The manufacturing accounts for about 15 percent of the nation’s economy. USD/ZAR dropped from 7.368 to 7.305 today […]
Read more
September 12010
Dollar Falls on PMI and Fed Meeting Minutes
The US dollar fell today against the euro and the Japanese yen as the Chicago Business Barometer fell more than estimated and on the signs that the Federal Reserve won’t raise the interest rates. The Fed also failed to provide the clear plan to add more stimulus to support the US economy. The Purchasing Managers’ Index posted the figure of 56.7, down from 62.3 in the previous month and less than expected. The minutes of the Fed policy makers’ meeting suggested […]
Read more
September 12010
EUR/USD Rises on US Unemployment & Construction Spending
The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed surprising result, only this time it was positive surprise. EUR/USD trades currently at 1.2818. ADP unemployment rate posted a decline of 10k jobs in August, compared with the July growth of 37k. Median forecast was a growth by 20k. ISM […]
Read more
September 12010
Swiss Franc at Record High Against Euro
The Swiss franc reached the record high level against the euro and the highest level since January 11th versus the US dollar today after the report showed the growth of the local consumption and as the demand for the safe haven increased the appeal for the franc, which is considered the safe currency nowadays. Adam Cole, head of global foreign-exchange strategy at the Royal Bank of Canada, said that the demand for the safe haven “is as usual, spilling over to the franc” and added: […]
Read more