Day: January 18, 2012

January 18
2012

EUR/USD Rises as IMF Seeks Increase of Lending Capability

EUR/USD advanced today for the third session as the International Monetary Fund wants to boost its lending resources by $500 billion to safeguard from the global economy from the European crisis. Greek Prime Minister Lucas Papademos will talk with private bondholders to convince them forgive Greece at least half of its debt. Today’s reports from the United States were good for the most part, except the Producer Prices Index that unexpectedly […]

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January 18
2012

Spain & Greece Successfully Sell Debt, EUR/JPY Advances, USD/JPY Down

The Japanese yen rose against the dollar, but fell versus the euro today as sentiment about the situation in Europe improved after Spain and Greece successfully auctioned their debt, reducing demand for safer currencies. Greece sold €1.625 billion of 13-week bills with yield dropping to 4.64 percent at yesterday’s auction from 4.68 percent on December 20. Greek Prime Minister Lucas Papademos will talk to private bondholders today in an attempt […]

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January 18
2012

Australian Dollar Higher as Consumer Confidence & Employment Improve

The Australian dollar climbed as today’s report showed that confidence of Australian consumers rose and tomorrow’s data about employment is expect to demonstrate an improvement. The euro managed to outperform the currency of Australia. The Westpac Melbourne Institute Index of Consumer Sentiment increased by 2.4 percent in January after it dropped by 8.3 percent in December. The report of the Australian Bureau of Statistics is expected to show that Australian employers added 10,300 jobs last month. […]

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