- 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: July 11, 2012
July 112012
Fed Hints More Stimulus Possible, Dollar Reaches Two-Year Record vs. Euro
The Federal Reserve released minutes of its last monetary policy meeting, revealing that the policy makers of the central bank were rather pessimistic and talked about potential need for additional stimulating measures. The reaction of the dollar was surprising: it rose sharply, reaching the highest level in two years versus the euro. The minutes showed that the mood of the central bank members was far from being optimistic. The estimate for future US economic […]
Read more
July 112012
How Long Can Aussie Gains Last with Softer Chinese Data?
Aussie is a bit higher today against major currencies, carving out gains. However, there are concerns about how long the Down Under currency can maintain its gains with softer Chinese data intruding on the scene. Additionally, there is the chance that general risk aversion will weigh on the Aussie as European troubles continue. Right now, the Australian dollar is enjoying some gains after last […]
Read more
July 112012
Euro Inches Higher – For Now
Euro is receiving a bit of a boost right now, inching higher as risk appetite attempts an appearance. However, the feeble gains this morning aren’t expected to last too long. Already, rumors that the euro might really be on its last legs are circulating as Germany balks at approving the latest incarnation of the European Stability Mechanism. Rather than simply rubber-stamping the latest changes to the eurozone’s bailout fund, the German Constitutional Court […]
Read more
July 112012
Pound Rises as Creation of European Stability Mechanism Delayed
The Great Britain pound climbed today as traders turned to the currency as a refuge from the European crisis. Worries about the crisis heightened on signs that the permanent bailout fund would be delayed, threatening the ability of the European Union to help its indebted members. The creation of the European Stability Mechanism, a permanent fund that in time should replace the temporary European Financial Stability Facility, was ratified the German parliament, but the Constitutional court delayed […]
Read more
July 112012
Malaysian Ringgit Falls as Global Economy Not Supportive for Risky Currencies
The Malaysian ringgit fell today, following other Asian currencies in decline, as signs of global economic slowdown decreased attractiveness of risky currencies with higher yield. China’s imports rose 6.3 percent in June, trailing the forecast of 11 percent. Analysts estimated, before the official data, that gross domestic product of the Asian nation rose 7.9 percent in the second quarter of 2012, slowing from 8.1 percent in the first quarter. The MSCI Asia-Pacific […]
Read more
July 112012
EUR/USD Dips After FOMC Minutes
EUR/USD fell sharply after the minutes of the FOMC meeting was released. The reaction of the currency pair was somewhat puzzling as the minutes hinted that policy makers are pessimistic about economic growth and a third round of quantitative easing is a definite possibility. Still, the dollar surged after the release. US trade balance posted a deficit of $48.7 billion in May. That was a small decrease from $50.6 billion in April and in line with […]
Read more