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Day: February 9, 2011
February 92011
Japanese Yen Falls as Investors Prefer Risk
The healthy shape of the global economy prompts the investors to sell the Japanese yen in favor of the riskier assets, driving the currency down. Not only the higher-yielding currencies may be more attractive than the yen. The economic growth in the US causes talks about possible increase of the interest rates, increasing attractiveness of the US dollar, while the interest rates hike in Japan is considered to be far ahead. USD/JPY rose from 82.36 to 82.49 as of 14:06 […]
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February 92011
New Zealand Dollar Weakens as English Predicts Recession
The New Zealand dollar slid today as Bill English, the Prime Minister of New Zealand, said that the nation’s economy may slip back to recession in the second half of this year. English’s words by the economic data as New Zealand’s gross domestic product declined 0.2 percent in the third quarter of 2010 and the employment contacted in the fourth quarter. The global economy still looks good and can be supportive for the New Zealand currency. NZD/USD declined […]
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February 92011
Bernanke Expects High Unemployment, EUR/USD Rises
EUR/USD currency pair was rising today after the initial decline, but currently shows tendency for weakening. This day, as the whole week, is rather poor on reports. On Monday, though, consumer credit posted an impressive change that was three times bigger than in the previous month. Optimism for the US economy was trimmed, though, by the testimony by Chairman Ben S. Bernanke. Bernanke forecast that the unemployment rate will be […]
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