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Day: December 15, 2011
December 152011
Japanese Yen Stronger Against US Dollar
Japanese yen is stronger against the US dollar today. In general, dollar is down against most other currencies as optimism improves on the news that jobless claims have dropped to significantly low levels. This same optimism is also prompting the euro to gain against the Japanese yen. Better economic news out of the United States is providing some strength for the euro, as the 17-nation currency is bought as more optimistic […]
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December 152011
US Dollar Drops as Optimism Spurs Risk Appetite
US Dollar is falling back as Forex traders find some optimism in today’s good economic news. Jobless claims have fallen to lows not see for more than three years, and investors and traders alike are excited about the news. Jobless claims fell to 366,000, seasonally-adjusted. Yesterday, it was all about Italian debt costs, and the US dollar was higher. Today, though, the eurozone’s troubles have been […]
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December 152011
Euro Snaps Decline After Spanish Debt Auction
The euro ended its three-day drop against the US dollar and the Japanese yen as the outcome of Spain’s debt auction was much better than anticipated, relieving concerns about the European sovereign-debt crisis to some extent. Spain sold at the auction â¬6.03 billion of bonds today. That was almost two times above its maximum target of â¬3.5 billion. The yield on the 10-year notes rose only slightly to 5.545 percent from 5.433 […]
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December 152011
Franc Gains as SNB Maintains Cap
The Swiss franc climbed today after Philipp Hildebrand, Chairman of the Governing Board of the Swiss National Bank, announced that the central bank would keep the ceiling at 1.20 francs per euro and leave the main interest rate unchanged. There were many talks about possible increase of the cap for the Swiss currency. Such speculations proved untrue, at least for now, as the SNB refrained from weakening the Swissie further. Hildebrand wrote in the statement: The Swiss […]
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December 152011
EUR/USD Ends Decline on Spanish Bond Auction
EUR/USD advanced today, ending the three-day decline, after Spain’s debt auction exceeded its maximum target. The US data today can be considered good for the most part, most notably unemployment claims that continue to fall. PPI increased 0.3% in November, exactly as forecasts promised. The index declined with the same 0.3% rate in October. (Event A on the chart.) Initial jobless claims continued to provide pleasant surprises, falling from […]
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December 152011
Real Dips as Brazil’s Economy Slows
The Brazilian real weakened today, following other riskier currencies in decline, on the signs that Brazil’s economy felt the negative impact of the European sovereign-debt troubles on the global economic recovery. The seasonally adjusted index of the Brazilian economic activity, which often foreshadows a change of the gross domestic product, dropped 0.32 percent in October from September, compared with the median forecast of a 0.1 percent decline. Analysts are concerned as the retail sales and industrial output […]
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December 152011
European Crisis Continues to Hammer Down Canadian Dollar
The Canadian dollar continued to fall as the concerns for Europe continued to intensify. The indecisiveness of the European governments makes investors ask whether the politicians have ability and willingness to address the region’s issues or they would allow the European Union to fall apart. Two major negative events occurred in Europe. First, the yield on the Italian and Spanish bonds jumped. Second, Germany refused to boost the European bailout fund. As a result, the futures on crude oil, the key Canadian export, […]
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