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Day: September 3, 2010
September 32010
Canadian Dollar Jumps on US Nonfarm Payrolls
The Canadian dollar rose today against all of the most traded currencies, becoming the best performer today, as the attractiveness of the growth-related currencies was boosted by the better-than-expected US nonfarm payrolls. The US nonfarm payrolls posted the drop by 54,000 work places in August. The analysts were very pessimistic before the report, estimating the decline to be as much as 101,000. The private payrolls, excluding the government jobs, rose by 67,000. The MSCI World Index advanced 1.1 percent. […]
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September 32010
Recovery Continues, Risk Appetite Improves, Dollar Down
The US dollar weakened today as the signs of the economic recovery, including the improving US jobs market, increased the risk appetite and diminished the demand for the currencies, considered to be the safe haven. The US nonfarm payrolls showed the decline by 54,000 job places in August, compared to the significantly more pessimistic forecast of the 101,000 decrease. The unemployment rate remained almost unchanged and stays at 9.6 percent. The Standard & Poorâs 500 Index advanced 0.9 percent today, […]
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September 32010
Stable Economic Growth Makes South Korea’s Won Stronger
The South Korean won appreciated today as the concerns for the economic growth eased, boosting the outlook for South Korea’s economy and increasing chances that the central bank will raise the interest rates. The nation’s gross domestic product expanded 1.4 percent in the second quarter of 2010, almost matching the forecast value of 1.5 percent. The stable growth allowed the International Monetary Fund to raise the growth forecast to 6.1 percent for the current year. The favorable fundamentals also […]
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September 32010
Rand Strengthens on Good US Economic Data
The South African rand extended its gains today for the third day against the US dollar as the favorable economic data from the US signaled that the recovery is underway and improved the risk sentiment among the global investors. The risk appetite increased after the reports from the US showed that the pending home sales unexpectedly surged, while the number of the claims for the jobless benefits decreased more than predicted. The rand gained 1.3 percent […]
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September 32010
EUR/USD Rises Despite Favorable Nonfarm Payrolls Report
EUR/USD currency pair is rising despite the good news from US labor market. Reports about employment were surprisingly good, especially considering grim forecasts. Non-manufacturing PMI, on the other hand, declined more than expected. EUR/USD trades currently near 1.2868. Nonfarm payrolls declined in August at the same pace (revised upward) as in July: -54k jobs. The report showed much slower decrease, than was expected (-101k). […]
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