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Day: October 8, 2010
October 82010
USD/JPY for First Time in 15 Years Below 82 on US Payrolls
The US dollar fell today against the Japanese yen to the lowest levels since 1995 as the nonfarm payrolls report was far worse than expected. The currency also fell versus the Great Britain pound and was declining versus the euro before rebounding and closing near the opening level. The nonfarm payrolls dropped 95,000 in September, following the 57,000 decline in July. The analysts expected the 1,000 growth. The nonfarm payrolls dropped remained at the same 9.6 […]
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October 82010
Swiss Unemployment Drops, Franc Rise vs. Dollar & Euro
The Swiss franc fell versus the euro at the beginning of today’s trading session as the speculation the European Central Bank wouldn’t ease its monetary policy reduced the demand for the franc as the safe haven. The Swiss currency rose later after the report showed that the unemployment rate in Switzerland fell to the lowest level in more than a year. Jean-Claude Trichet, the president of the European Central Bank, said yesterday that “more than ever, exchange rates should […]
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October 82010
Rand Falls After Finance Minister Says It’s Too Strong
The South African rand weakened today as the words of the South Africaâs Finance Minister about the rand being too strong outweighed the influence of the outlook for the good US unemployment reports today bolstering the higher-yielding assets. The rand has rallied 36 percent versus the US dollar since the beginning of the previous year as the low interest rates in the developed nations spurred the investors to loan at low interest rates for buying higher-yielding assets in the countries with low […]
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October 82010
Dollar Falls vs. Euro on US Nonfarm Payrolls
EUR/USD sharply advanced after today’s US nonfarm payrolls but soon tumbled even more sharply, yet quickly resumed its upward movement. One more reason for the Fed to perform quantitative easing and no reasons for the dollar to stop falling. EUR/USD trades currently near 1.3947 after it jumped to 1.3982 and than slumped to 1.3834. Nonfarm payrolls dropped 95k in September, following 57k drop a moth before. The reading […]
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October 82010
Canadian Dollar Drops on Building Permits Report
The Canadian dollar fell today against 15 of 16 most traded currencies after the reports showed the building permits tumbled far below the expected value and on outlook for the slower employment growth in Canada. The building permits in Canada slumped 9.2 percent in August, compared to the 3.8 decline in July. The reading was much worse than even most pessimistic forecast, which expected the 1.9 percent drop. The report tomorrow expected to show the Canadian […]
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