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Day: September 15, 2010
September 152010
Britain’s Pound Goes Higher after Japan’s Intervention
The Great Britain’s pound advanced today after the Japanese government performed the intervention to stem the yen’s gains, increasing the attractiveness of the currencies, perceived to be riskier. Henrik Gullberg, the currency strategist at the Deutsche Bank AG, said: Thereâs an improvement in risk appetite after the intervention of Japan overnight. It highlights that further easing wonât just be felt in the U.K. and thatâs helping the pound. Britain’s currency rose versus all of its 16 […]
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September 152010
Australian & New Zealand Currencies Gain vs. Yen
The Australian and New Zealand dollar went up versus the Japanese yen today after Japan’s government intervened, selling the yen. The New Zealand dollar fell against its US and Australian counterparts. Yoshihiko Noda, Japanâs Finance Minister, said today that Japan unilaterally sold the yen to protect thee nation’s exports, causing the yen to weaken against other most traded currencies, including the Australian and New Zealand ones. The Aussie […]
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September 152010
Ruble Weakens After Japan’ Intervention, May Appreciate Later
The Russian ruble weakened today against the dollar-euro basket on the speculation that the appreciation of the currency would be curbed after Japan sold the yen for the first time since 2004. The ruble also fell as the oil prices slipped. Russia’s central bank may intervene to stabilize the currency as its swing may hurt the exports. In the long run, Japan’s intervention may be good for the ruble as the yen’s weakness, together with the declines of the dollar and the euro, […]
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September 152010
Intervention of Japan’s Government Sends Yen Tumbling Down
The Japanese government intervened today in order to stop the gains of Japan’s currency, despite the candidate, who insisted on the intervention, lost the election as the head of the ruling party. Yoshihiko Noda, the Minister of Finance, announced that Japan unilaterally sold yen today. Masaaki Shirakawa, the Governor of the Bank of Japan, said in his statement he hopes the intervention would stabilize the foreign exchange market. Yoshito Sengoku, the Chief Cabinet Secretary, claimed that the Finance Ministry […]
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September 152010
EUR/USD Goes Up on Sing of Slower US Economic Growth
EUR/USD was trading sideways today after declining somewhat, but recently jumped as economic reports from the US was rather bad. Reports indicated that US economy is still growing, but pace of growth is constantly slowing. EUR/USD trades now at about 1.3017. NY Empire State manufacturing index slipped to 4.1 in September from the previous value of 7.1, instead of rising to 8.7 as was predicted by analysts. […]
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