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Day: June 19, 2012
June 192012
Brazilian Real Gains Amid Speculations About QE
The Brazilian real gained today against the US dollar as speculations that the US Federal Reserve would stimulate the economy bolstered riskier assets, weakening the US currency at the same time. The Federal Reserve has started its two-day meeting today and will announce its monetary policy decision tomorrow. The recent stream of bad macroeconomical data led to speculations that the US central bank will turn to a policy known as quantitative easing. […]
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June 192012
Australian Dollar Gains Amid Renewed Optimism of Forex Traders
The Australian dollar rose against the Japanese yen and the US counterpart, though retreated versus the euro, as risk appetite again reappeared among Forex traders after Spain met its target on a debt auction and amid speculations about quantitative easing from the Federal Reserve. Worries about the eurozone and its problems eased, while speculators were hoping that the Fed would announce more stimulating measures tomorrow. Resulting optimism translated […]
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June 192012
US Dollar Drops as Risk Appetite Returns to Markets
US dollar is heading lower today, losing ground as concerns about the eurozone fade a bit. Also weighing on the greenback is the possibility that the Federal Reserve will announce more stimulus, weakening the US dollar further in the hopes of providing a boost for the economy. Dollar index is falling today, dropping as the greenback heads lower against its major counterparts. Risk appetite is back on as better news out of Europe helps […]
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June 192012
Euro Surges on Spanish Bond Demand, Federal Reserve Stimulus
Euro is surging today as investors and Forex traders decide that there’s plenty to be optimistic about after all. Demand at the latest Spanish bond auction was strong, and there are expectations that the Federal Reserve will announce more stimulus at the close of its current two-day meeting. The news is being greeted with enthusiasm, and EUR/USD even touched 1.27 at one point. The demand for Spanish bonds was fairly […]
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June 192012
Pound Drops vs. Euro on Falling CPI, Rises vs. Dollar
The Great Britain pound dropped versus the euro today after a report showed that UK inflation unexpectedly slowed last month. The currency was able to gain against the US dollar. Britain’s Consumer Price Index fell to 2.8 percent in May from 3.0% in the month before. Analysts were sure that the index would remain unchanged. The Retail Price Index fell from 3.5 percent to 3.1 percent last month, […]
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June 192012
Brent Oil Drops, Ruble Follows
The Russian ruble fell against the US dollar today after price for Brent crude oil decline amid growing concerns that the debt issues in the countries of the European Union are worsening. Brent grade of crude oil was down 1.2 percent to $94.95 per barrel today. The decline followed negative signs from Europe. Spanish bad loans reached the highest proportion of total credit since 1994 in April. Greek leaders […]
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