- 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: October 17, 2011
October 172011
South Korean Won Rises as Funds Come to Asia
The Asian economies show a strong economic growth, the fact that attracted the global funds and made them increase their holdings of region’s assets. As a result, Asian currencies rallied, the South Korean won among therm. The exchange data showed that the international funds bought $1.5 billion more Indonesian, South Korean and Taiwanese stocks than they have sold last week. The MSCI Asia-Pacific Index gained almost 2 percent, […]
Read more
October 172011
Canadian Dollar Drops as Germany Disappoints Traders
The Canadian dollar went down today, following the week of big gains, after Germany’s politician shattered confidence in ability of the European leaders to end Europe’s woes, saying that there are no an easy solution to the region’s economic problems. The Canadian currency (often nicknamed the loonie) was rallying last week on the speculation the economy of Canada’s neighbor and major trading partner — the US — isn’t as bad as was previously thought. The optimism […]
Read more
October 172011
Aussie Heads Lower on Possible Rate Cut
Earlier this month, Glenn Stevens, the Governor of the Reserve Bank of Australia, indicated that there is a chance that Aussie rates will be cut. Now that the minutes of the October 4 meeting are on the verge of being released, there are concerns about the Aussie in forex trading. Recently, the Australian dollar has had quite the run up against the US dollar. However, considering the way things have been going, […]
Read more
October 172011
US Dollar Gains in Forex Trading on Uncertainty
US dollar is once again gaining the upper hand, rising against high beta currencies as uncertainty drives Forex traders to safe havens. This time, it’s reduced optimism about a quick solution to the sovereign debt problem in the eurozone. Over the weekend, rumors flew about a solution to the sovereign debt situation: Greek debt was to be restructured! The EFSF is to be expanded! Banks are to be recapitalized! While some […]
Read more
October 172011
EU Crisis Can Be Resolved? Not Everyone Agrees
The euro retreated today as the optimism caused by the Group of Twenty meeting weakened on the speculation the credit crisis in the European Union can’t be resolved in the near future. Steffen Seibert, German Chancellor Angela Merkelâs spokesman, said there’s no quick way out from the current unpleasant situation in Europe. Canadian Finance Minister Jim Flaherty explained after the G20 meeting the danger of the crisis: The risk of a recession would be increased dramatically were […]
Read more
October 172011
Yen Goes Down as G20 Meeting Reduces Need for Safety
The Japanese yen weakened today as investors preferred higher-yielding currencies to safer ones after the meeting of Group of Twenty reinforced the hopes for a resolution of the European debt crisis. The leaders of G20 approved parts of the plan presented by the European Union policy makers. The plan includes writing off parts of the Greek debt, reinforcing the European banks and boosting the European Financial Stability Facility. The deadline for completing the rescue plans for the EU was set on October 23, when […]
Read more
October 172011
EUR/USD Loses Its Earlier Gains as Optimism Caused by G20 Meeting Wanes
EUR/USD currency pair was initially boosted by the optimism, caused by the G20 meeting. The leaders of the European Union started to devise a plan for dealing with the debt crisis and euro bulls were happy to hear about readiness of European politicians to resolve the matter. Yet the euro gave away its gains as Steffen Seibert, spokesman of German Chancellor Angela Merkel, said there’s no way to end the crisis quickly. The news from America weren’t […]
Read more