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Day: October 12, 2012
October 122012
Euro Gets Boost from Peace Prize, IMF Comments
Euro is getting a boost today, thanks to the return of risk appetite, as well as news regarding interesting developments in the eurozone. The 17-nation currency is up pretty much across the board against its major counterparts today. Risk appetite has put in an appearance today, and that is helping high beta currencies like the euro. Even though gold prices are lower, euro is still finding some support on the currency […]
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October 122012
Singapore Says It Will Allow Appreciation of Currency
The Singapore dollar advanced today as the government surprised traders, saying that it will allow the currency to gain. The currency also gained on the general risk-positive sentiment of Forex traders. The Monetary Authority of Singapore stated that it will allow a modest and gradual appreciation of its currency to rein inflation. Previously, traders were worried that policy makers will attempt to curb gains of the SGD. Additionally, Asian currencies were stronger today […]
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October 122012
UK Pound Attempts Recovery Against US Dollar
UK pound is attempting a recovery against the US dollar, heading higher as risk appetite makes an appearance today. There are no major economic announcements due for the United Kingdom today, but the news of inflation the in United States, plus corporate earnings, are helping risk appetite. UK pound is improving its recovery attempts against the US dollar today. With producer prices rising 1.1 per cent […]
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October 122012
Ruble Follows Gains of Crude Oil
The Russian ruble gained today as crude oil, the major Russia’s export, headed to a weekly gain amid increasing willingness of traders to buy riskier assets. Crude advanced 0.6 percent to $92.60 per barrel in New York today. The gains of oil followed yesterday’s positive macroeconomic data from the United States, including falling unemployment claims. Crude oil and gas makes up about 50 percent of Russia’s export revenue. USD/RUB […]
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October 122012
EUR/USD Up for Second Day
EUR/USD advanced for the second session on speculations that Spain will ask for a bailout. Even the downgrade of the nation’s credit rating was perceived in the favorable light as it may spur the government to ask for aid sooner. As for the US macroeconomic data, it was rather positive, reducing demand for the dollar as a safe asset. PPI rose 1.1% in September, seasonally adjusted. That was smaller growth than in August (1.7%), but bigger than was […]
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