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Day: June 17, 2011
June 172011
EUR/USD Climbs on US Consumer Sentiment
The euro climbed against the US dollar as the report showed that confidence of the US consumers dropped this month and on hopes that Europe will find solution to its problems. The Reuters/University of Michigan Consumer Sentiment dropped from 74.3 to 71.8 this month, according to the preliminary estimate. The expected value was 74.2. The leading indicators can provide some support for the dollar as they posted the increase by 0.8 percent in May, while the predicted growth […]
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June 172011
New Zealand Dollar Rallies on Positive US Data
The concerns about slowdown of the US economy eased after the set of good macroeconomic reports was released yesterday and that helped the New Zealand dollar to regain its footing. Today’s reports from the US are also expected to be positive. New Zealand itself also gave reasons for optimism. Westpac Consumer Sentiment climbed from 97.9 to 112 in the second quarter of this year as impact of the Christchurch earthquake last September recedes. […]
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June 172011
US Jobless Claims Go Down, Korea’s Won Goes Up
The South Korean won climbed today as the drop of unemployment claims in the US boosted demand for riskier assets, including Korea’ currency. The US jobless claims went down to 414,000 in the week ending June 11 from the previous week’s reading of 430,000. The forecast value was 421,000. The speculation that Greece may receive aid from outside of Europe (from the International Monetary Fund and China perhaps) also helped to increase attractiveness of higher-yielding […]
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June 172011
EUR/USD Jumps as EU Leaders Reach Agreement on Greece
EUR/USD jumped today as it seems that the European leaders have made headway in reaching agreement about plans to save the Eurozone, and Greece in particular, from the debt crisis. The US leading indicators rose last month more that expected and that’s a good sign, which was muted, though, buy the declining consumer sentiment. EUR/USD trades near 1.4279 now, after falling earlier to 1.4126. Michigan Sentiment Index fell […]
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June 172011
Australia’s Dollar Suffers from Europe’s Problems
The Australian dollar weakened as the unending troubles in Europe drove stocks and commodities to the downside, reducing appeal of currencies linked to economic growth. The Standard & Poorâs 500 Index dropped 0.4 percent. The MSCI World Index fell as much as 1.1 percent. The Thomson Reuters/Jefferies CRB Index of raw materials declined 0.6 percent, following the drop by 2.3 percent yesterday, the biggest slump in five weeks. Takuya Kawabata, the researcher Gaitame.com Research Institute […]
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