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Day: September 7, 2012
September 72012
Aussie Rallies with Global Stocks as Traders Put Their Hopes on Central Banks
The Australian dollar rallied today as global stocks advanced on hopes that central banks of developed nations will spur economic growth. The Australian currency is linked to growth, therefore it profited from such hopes. The currency lost gains versus the euro. The Thomson Reuters/Jefferies CRB Index of commodities advanced 0.2 percent, posting the first gain since August 31. The rally boosted the appeal of the Aussie as a commodity currency. The MSCI Asia […]
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September 72012
Employment Data Boost CAD vs. USD
The Canadian dollar jumped to the highest level in a year against its US counterpart today as Canada’s employment growth was much higher than expected. US employment was disappointing and that also added to bullish bias of the Canadian currency. The loonie fell versus the euro and the Japanese yen. Canadian employers added 34,300 jobs in August, following the drop by 30,400 in July. Economists expected an increase by just 9,900. The unemployment rate remained at 7.3 […]
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September 72012
Euro Surges as Bond Buying Program Receives Approval
Euro is receiving quite a boost today as markets show their approval of the most recent plan to help save the euro. However, even with this plan in place, there are still plenty of hurdles for the eurozone. Yesterday, Mario Draghi and the ECB announced that there would be an unlimited bond buying program. The news immediately relieved pressure on Spanish and Italian bonds. The news has been greeted with enthusiasm, with […]
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September 72012
US Dollar Heads Lower as Week Comes to a Close
US dollar is heading lower as the week comes to a close, heading down as Forex traders remain optimistic about the eurozone. Euro is still getting some love from the fact that the ECB has released a bond purchase program, and that means a lower greenback. Interesting forces have been at work on the US dollar recently. There are concerns about the US economy. Even though estimates for job growth for August […]
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September 72012
CHF Near This Year’s Low vs. EUR, Flat vs. USD
The Swiss franc traded near the lowest level this year against the euro after European Central Bank’s announcement of the asset-purchase program boosted the shared 17-nation European currency. The euro remains very strong after yesterday’s announcement from the ECB and the franc did not manage to catch up the European currency. Previously, the Swiss currency was trading sideways near the cap of 1.20 francs per euro. The Swissie still managed to follow […]
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September 72012
Rally of Stocks Followed by Gains of NZ Dollar
The New Zealand dollar appreciated today as global stocks rallied. The rally of the global stocks followed the announcement of the bond-buying plan by the European Central Bank. The risky currencies continue to profit from the announcement of the ECB asset-purchase program. Traders now wait for the move from the Federal Reserve and hope that the US central bank will also announce some kind of stimulus. The MSCI Asia Pacific Index jumped as much as 2.1 percent. The MSCI World […]
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September 72012
EUR/USD Surges on US Nonfarm Payrolls
EUR/USD soared today, rising for the third consecutive session, as US nonfarm payrolls came out worse than expected, refueling speculations that a the Federal Reserve will embark on a third round of quantitative easing as soon as next week. The falling unemployment rate did not help the dollar. US nonfarm payrolls came out today, showing the increase by 96k in August, below the market expectations of 123k. The July growth was revised from […]
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