- 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 24, 2010
September 242010
Brighter Outlook for Economic Recovery Makes Euro Stronger
The euro rallied today against the US dollar and the Japanese yen, erasing its losses, after the global equities advanced and the good macroeconomic data from Europe suggested that the economic recovery continues. The Standard & Poorâs 500 Index rose 2 percent, the biggest advance in three weeks. The MSCI Emerging Markets Index went up 0.8 percent, heading for the highest closing level since July 2008. The MSCI Asia Pacific […]
Read more
September 242010
Good Economic Reports from US & Europe Push Loonie Higher
The Canadian dollar went up today against the US dollar, paring previous losses, as the German business sentiment unexpectedly increased and the number of the US durable good orders grew, increasing the attractiveness of the growth-related currencies. The currency later weakened somewhat but remained above the opening level. The loonie fell versus the euro. The new orders for the US durable goods, excluding transportation, grew 2.0 percent in August, following the 2.8 percent decline in July. […]
Read more
September 242010
Capital Inflows Bolster Indian Rupee
The Indian rupee, together with other Asian currencies, rose today on the speculation that the increasing capital inflows from the global funds in the region’s economy would allow the Asian countries to profit from Asia’s fast economic growth. The rupee also gained after the Indian government allowed the foreign investors to double the holdings of the government bonds to $10 billion and increased the cap on investment in the corporate debt by the third to $20 billion. This measure may […]
Read more
September 242010
Yen Slumps on Talks About Another Intervention
The Japanese yen is rising after it previously declined today on the speculation that Japan intervened to trim the currency’s gains in order to protect the nation’s exporters. Japan perhaps sold the yen today after it intervened last week for the first time in six years. Yoshihiko Noda, the Minister of Finance, said that the government may perform the “bold” actions to limit the excessive appreciation. The yen also fell on the rumors that the Bank of Japan […]
Read more
September 242010
EUR/USD Climbs After Lower Than Expected New Home Sales
EUR/USD currency pair surged today as reports about durable goods orders and new home sales both posted less-than-expected values. The currency pair actually began its rally before the reports and the data just supported existing trend. The reason for the previous advance was most likely unexpectedly improving German business confidence. EUR/USD trades now at 1.3468. Durable goods orders dropped 1.3% in August, following the 0.7% decline in July. […]
Read more
September 242010
Euro Declines as Reports Signal About Slower Growth
The euro fell today as the reports signaled that the European economic recovery may be slowing, diminishing the attractiveness of the shared 16-nation currency to the investors. The French Services PMI was at 58.8 this month, down from 60.4 in August and below the market expectations of 60.1. The German Services PMI declined from 57.2 in August to 54.6 in September. The forecasts promised it to remain at the same level. German Manufacturing PMI declined to 55.3 in September from […]
Read more