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Day: November 18, 2010
November 182010
Talks About Ireland’s Bailout Improve Sentiment, Supporting Loonie
The Canadian dollar rose today against its US counterpart after two day of losses on the better-than-expected economic reports from Canada and as the speculation that the debt problems of Ireland would be prevented from spreading to other European countries boosted the stocks and crude oil. The euro benefited more from the improving sentiment, outperforming the loonie. Canada’s Leading Indicators rose 0.2 percent in October, following the decline by 0.2 in September. The wholesale sales […]
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November 182010
Brazilian Real Gains as Risk Appetite Increases
The Brazilian real rose today as the speculation that Ireland would receive the aid improved the traders’ risk appetite and increased the demand for the higher-yielding markets. Previously the real was declining as the concerns for the European debt problems damped demand for the currencies of the emerging-markets nations. Now, as the concerns somewhat receded the investors, interested in so-called carry trade, may be drawn to Brazil with its high interest rates. Brazilâs benchmark lending rate is 10.75 […]
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November 182010
Euro Rises as Bailout May Prevent Spreading of Ireland’s Problems
The euro rose today on the hopes that the bailout, provided for Ireland, would prevent Ireland’s debt problems from spreading to other countries of the European Union. The officials from the European Union and the Internationals Monetary Fund are going to meet tomorrow in Dublin to discuss the possible bailout for Ireland. It looks like the confidence in the euro increases as the actual steps to resolve the problem are taken. EUR/USD jumped from 1.3528 to 1.3641 as of 9:58 GMT today. […]
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November 182010
EUR/USD Advances as Concerns for Ireland Recedes
EUR/USD advanced for a second day today as talks that a bailout will allow to contain Ireland’s debt problems suppressed concerns somewhat. Today’s report from the US were generally in line with forecasts, except Philadelphia Fed index, which was much better than initially expected. EUR/USD trades now at 1.3607. Initial jobless claims rose from 437k to 439k last week. They were expected to increase to 442k. […]
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November 182010
New Zealand Dollar Advances as Producer Prices Rise
The New Zealand dollar strengthened today against its US counterpart after the report showed that the producer prices rose more than the economists anticipated, causing the speculation that the central bank may raise the interest rates further. New Zealand output producer prices rose 1.2 percent in September, while it was expected to increase only by 0.6 percent. The output producer prices rose 0.7 percent, compared to the median […]
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