- 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: February 4, 2011
February 42011
Lower Unemployment in US Boosts Dollar
The US dollar advanced today after the report showed that the unemployment rate in the US unexpectedly dropped last month even though the non-farm payrolls were far worse than the experts promised because of the winter storms. The forecasts promised the unemployment rate to rise slightly in January from 9.4 percent to 9.5 percent, but it surprised market participants falling to 9.0 percent. At the same time the non-farm payrolls also surprised traders, […]
Read more
February 42011
EUR/USD Falls as US Unemployment Rate Drops
EUR/USD extended its losses as the European Central Bank kept its main interest rates unchanged yesterday and as US unemployment rate dropped. On the other hand, non-farm payrolls were far worse than market participants have hoped for. EUR/USD trades currently at 1.3565. Non-farm payrolls increased by 36k in January, following the increase by 121k in the month before. The change was really depressing and far below market expectations of 138k. Yet […]
Read more
February 42011
South African Rand Drops on Civil Unrest in Egypt
The South African rand dropped today as the tensions in Egypt threaten to fuel unrest in other countries of the region, causing uncertainty and risk aversion sentiment. The rand experienced the biggest drop among other emerging-market currencies after gunfire erupted as the supporters of the current president clashed with the protesters. The unrest spilled over to Yemen, where opposing groups, inspired by the example of Egypt and Tunisia, demand from President Ali Abdullah Saleh to resign office before […]
Read more
February 42011
Asian Economic Growth Brings Malaysian Ringgit Higher
The Malaysian ringgit rose today as the economic growth in Asian region draws investors and causes the speculation that Asian nations will raise their interest rates to deal with the rapid growing inflation. The Asia Dollar Index, tracking 10 Asian major currencies excluding the yen, rose 0.6 percent this week to 116.49 by 16:21 in Hong Kong. The index advanced after the Philippines and Taiwan reported faster than expected economic growth. […]
Read more