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Day: September 13, 2011
September 132011
USD Up vs. GBP, Down vs. JPY, Fluctuates vs. EUR
The macroeconomic data from the US was rather mixed today, making the US dollar fluctuate against the euro. The US currency gained versus the Great Britain pound, but fell versus the Japanese yen. The report about the import and export prices in the US was positive. Export prices increased 0.5 percent in August, following the 0.4 percent drop in July. Import prices decreased 0.4 percent last month (led by the 1.8 percent […]
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September 132011
NZD Follows Food Prices in Decline
The New Zealand dollar fluctuated against the US dollar and dropped against the Japanese yen after the report showed that food prices in New Zealand fell last month. The Food Price Index declined 1.3 percent in August. The decline followed the 2.0 percent increase in the previous month. Year-on-year, the prices rose 6.6 percent. Currently, the kiwi, as the New Zealand currency is often nicknamed, strives to regain its strength. NZD/USD traded […]
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September 132011
Optimism About Europe Evaporates, Euro Weakens
The optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt. The optimism, caused by the speculation China is planning to buy the Italian debt, was defeated by the skepticism that China alone won’t be able to prevent the spreading of the debt crisis to the European nation. The skepticism strengthened as the borrowing costs increased. Italy sold â¬3.9 billion of the new benchmark five-year bonds […]
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September 132011
EUR/USD Rebounds, Helped by Stocks
EUR/USD rebounded today, receiving boost from French banks shares. Earlier the currency pair dropped as expectations of joint actions by Germany and France to resolve the European debt crisis proved to be wrong. Import and export prices in the US showed a positive tendencies last month, but the positive effect of the report was overshadowed by the growing US Treasury budget deficit. Import prices declined 0.4% in August, following the 0.3% rise in the previous month […]
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September 132011
CAD Rebounds from Parity with USD
The Canadian dollar rebounded as the speculation that China may help Europe to deal with the debt crisis eased concerns on markets and boosted stocks. According to the announcement of the Italian government, Italy discussed potential investment in the nation’s economy with China. This announcement eased concerns that the crisis would spread from Greece to Italy and Spain. The Standard & Poorâs 500 Index closed higher 0.7 percent over the day, erasing previous […]
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