Day: December 30, 2010

December 30
2010

Euro Rises as German CPI & Italian Business Confidence Grow

The euro rose today against the US dollar for the second day as the German inflation grew and the Italian business confidence jumped. The possibility of the credits rating downgrades of the various European countries still may curb gains. The consumer prices in Germany rose 1.0 percent in December, according to the preliminary report of the Destatis, while the business confidence in Italy climbed to the highest level in almost three years. The speculation that the credit rating of France may be downgraded […]

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December 30
2010

Zloty Appreciates as BGK Sells Euros

The Polish zloty headed to the weekly gain today on the speculation that the state-owned Bank Gospodarstwa Krajowego sold the euros, boosting the Polish currency. According to the unidentified traders, the bank has begun selling at the rate of about 3.99 zloty per euro. The specialists say that the Finance Ministry is behind this transaction, attempting to profit from the relatively low rate of the zloty. USD/PLN traded at 2.9981 as of 10:52 GMT today after it opened […]

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December 30
2010

EUR/USD Rises as Economy Recovers

EUR/USD rose today as signs of global economic recovery caused the shift of an investors’ attention from safe currencies, like the dollar, to riskier ones. Economic data suggested that economy of the US also recovers as all of today’s reports were positive and better than expected. EUR/USD trades now at 1.3281. Initial jobless claims decreased to 388k last week from the previous week’s revised figure of 422k. The decreased was bigger than […]

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December 30
2010

Recovering Economy Increased Appeal of Australian Dollar

The Australian dollar headed today to the highest level since 1982 against its US counterpart as the signs of the faster economic growth in the US increased the appeal of the higher-yielding currencies. The currency declined versus the euro. The Manufacturing Index of the Federal Reserve Bank of Richmond showed the increase to 25 in December from 9 in November. Tomorrow’s report about the unemployment claims is expected to show the decline from 420,000 to 416,000 last week. The MSCI World Index […]

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December 30
2010

Canadian Dollar Falls vs. Euro, Little Changed vs. US Dollar

The Canadian dollar traded near its opening level versus the US currency after it earlier rallied on the gains of the commodity prices and the record prices for crude oil. The loonie slipped against other currencies as the Canadian house prices declined and the US consumer confidence worsened. February delivery for crude oil declined 0.4 percent to $91.14 per barrel in New York, while it traded at $91.88 on December 27th, the highest level since […]

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