- 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: November 9, 2012
November 92012
Euro Drops on Fears of Recession
The euro dropped today against the US dollar and the Japanese yen, extending its decline for the third straight trading day. The shared 17-nation currency managed to outperform the pound, almost erasing its weekly loss against the currency of the United Kingdom. Traders were selling the euro on fears that recession will continue to plague the eurozone and will spread across the region. The Bank of France predicted that the French economy will slip into recession […]
Read more
November 92012
Pound Drops Even as Trade Deficit Shrinks
The Great Britain pound dropped today, reaching the lowest level since September against the US dollar, even after data showed that Britain’s trade deficit shrank more than expected in September. The UK trade balance posted a deficit of £8.4 billion in September (seasonally adjusted), compared to the analysts’ estimate of £9.1 billion. The quarterly deficit was £8.5 billion in the third quarter of 2012, down from £10.1 billion in the previous quarter. […]
Read more
November 92012
Thai Baht Gains on Optimism Spurred by Obama’s Reelection
The Thai baht gained today as the reelection of Barack Obama as US President made investors believe that quantitative easing will persist and inflows into emerging markets will continue. Thai Bond Market Association estimated that global funds bought $71 million more of Thai government notes than they sold. Inflows into Taiwanese and Philippine stocks were at $240 million this week. The Taiwan dollar has advanced […]
Read more
November 92012
US Dollar Rises as Fiscal Cliff Sends Fear through Forex Traders
Greenback is getting a boost today, rising as fear drives risk aversion and sends Forex traders looking for safe haven. With concerns about Greece weighing on the euro, and worries about the fiscal cliff weighing on every risk asset out there, it is little surprise that the US dollar is heading higher today. US dollar is on the rise as Forex traders look for safety and stability amidst the wreck that […]
Read more
November 92012
Japanese Yen Regains the Upper Hand as Risk Aversion Reigns
Earlier, the Japanese yen weakened a bit on expectations that next week’s GDP data will indicate more contraction for Japan’s economy. That momentary weakness has pretty much evaporated, though, as risk aversion sends Forex traders looking for safe haven. Yen is gaining against its major counterparts today, heading higher as concerns about the “fiscal cliff” in the United States send fear throughout world markets. Forex […]
Read more
November 92012
EUR/USD Drops for Third Day as Economic Conditions Worsen
EUR/USD extended its drop for the third consecutive session today as industrial production in European countries, including France and Italy, declined and German’s inflation stalled. The data spurred talks that the European economic conditions continue to worsen. US data was completely opposite as it hinted on improving economy. Import prices rose 0.5% in October, while no change was expected. The September rate of growth was 1.1%. Export prices remained […]
Read more
November 92012
NZ Dollar Rebounds After Yesterday’s Losses
The New Zealand dollar was weak after poor employment data sapped strength of the currency. The kiwi kept its losses at the start of today’s session, but it does not look like the currency is going to fall further. In fact, it managed to rebound. The poor employment data was completely unexpected and really hurt the kiwi. Yet today traders saw good news as New Zealand house prices rose in October. […]
Read more