Day: November 21, 2012

November 21
2012

Japanese Yen Falls on Easing Expectations

The Japanese yen continues to slide as Forex traders expect more easing from the Bank of Japan. Comments from a political leader in Japan indicate that an aggressive policy of easing will be followed starting next month, and that has Forex traders already seeing increased weakness. Shinzo Abe, the leader of the LDP, made a speech earlier, outlining campaign promises and talking about what will happen if his party comes […]

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November 21
2012

Euro Moves Higher, In Spite of Greek Problems

Euro is moving a little bit higher today, gaining ground against the US dollar, even as concerns about the situation in Greece continue to take center stage. Even with the delay, though, the euro is eking out gains as expectations that greater efforts will be made in the future. Tuesday was supposed to have brought a deal to provide more aid to Greece, but the day came to a close with the International Monetary […]

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November 21
2012

Sterling Gains vs. Euro as Talks About Greek Aid Fail

The Great Britain pound advanced against the euro today after talks among European Union finance ministers failed, increasing the appeal of the sterling as a refuge from the European crisis. The currency remained weak versus the US dollar. Traders were hoping that yesterday’s meeting will show willingness of European politicians to work together for solving the region’s problems. Instead, the failed talks just confirmed that Europe’s leaders are unable to act […]

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November 21
2012

NZD Drops vs. USD on Japan’s Exports & Greece, Rises vs. JPY

The New Zealand dollar sank today versus its US counterpart after Japan cut its exports and the meeting of European finance ministers ended without meaningful conclusion. The kiwi, as the New Zealand currency is nicknamed, managed to advance versus the Japanese yen. European finance chiefs were meeting yesterday to discuss an aid for Greece. Yet the outcome disappointed Forex market participants and the indebted country did not get help without […]

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November 21
2012

EUR/USD Gains as Finance Ministers Talk About Greece

EUR/USD erased its losses today on hopes that European finance ministers will reach an agreement about a bailout for Greece. Earlier, the currency pair dropped as yesterday’s talks between the finance chiefs failed to deliver any meaningful outcome. The US economic reports were largely positive today, but fears of possible tax increases and spending reduction restrained consumers’ confidence. Initial jobless claims fell to 410k (seasonally adjusted) last […]

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