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Day: December 13, 2011
December 132011
US Dollar Rises Slightly Against Pound, Euro
US dollar is rising slightly against the pound and the euro, reversing some earlier weakness against the currencies earlier. In earlier trading, greenback slipped as speculation began that the Fed would end its policy of low interest rates before the middle of 2013. Today marks the beginning of the last Federal Reserve meeting of the year, and there are indications that recent progress for the US economy will render easing measures unnecessary. The news […]
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December 132011
UK Pound Looks for Success Against the Euro
UK pound is heading higher against the euro right now, thanks to the news that Moody’s is planning to review many of the countries in the eurozone. The possibility of downgrades has been floated, and that is impacting the euro in its performance against the pound. Indeed, the pound has been alternating between gains and losses against the euro for the last little while. News from Great Britain, indicating that home prices rose over […]
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December 132011
NZD/USD Rises on US & Europe’s Fundamentals
The New Zealand dollar edged higher today after the fundamental reports from Europe improved the market sentiment somewhat, while the report about the US retail sales later today is expected to show growth. The currency dropped heavily yesterday. The trading on the Forex market is rather dull today. Most currencies move sideway and the New Zealand dollar isn’t exception. The news from Europe was good enough to negate the pessimism, […]
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December 132011
Euro Flat After Positive Fundamental Reports
The euro traded flat today as the pessimistic market sentiment was neutralized by the fundamental indicators that suggested economies of the European countries are improving, at least the strongest economies. France’s consumer price index rose to 0.3 percent on monthly basis in November, following the growth by 0.2 percent in October. ZEW economic expectations index for Germany rose from -55.2 to -53.8 this month, while the indicator for the whole eurozone improved from -59.1 to -54.1. […]
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December 132011
EUR/USD Extends Slump for Second Day
EUR/USD was trading flat at the beginning of today’s trading session, but in the second half of the session rapidly declined and remained weak as of now. The currency pair slid yesterday as Moody’s Investor Service warned about possible downgrade of the European countries’ credit ratings. The US retail sales report was worse than expected, subduing optimism about the US economic growth. The Federal Reserve signaled that it’s going to keep the interest rates […]
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December 132011
Australian Dollar Down on Europe & Domestic Fundamentals
Australian dollar rose a little today. The currency dropped yesterday as concerns about the future of the European Union reemerged. The domestic fundamental also weren’t supportive for Australia’s currency. The warning by Moody’s Investor Service about possible downgrades of sovereign ratings spooked investors from riskier assets. Analyst explained that the European politicians demonstrated the plans to resolve the problems of the euro-region in the long term, but didn’t present anything to explain how they are […]
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December 132011
INR Reaches Record Low vs. USD
The Indian rupee reached the record low price versus the US dollar yesterday as the nation’s industrial production declined and Europe deterred investors from buying riskier currencies of emerging markets. The Central Statistical Office reported that India’s factory output declined 5.1 percent in October from a year ago, much more than analysts estimated before the report (0.7 percent). That was the first decline since June 2009. There […]
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