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Day: November 26, 2012
November 262012
Japanese Yen Gains as Uncertainty Returns
Japanese yen is heading a bit higher today, gaining as risk aversion sets in and as Forex traders look for a little certainty and stability. Concerns about what’s next in the eurozone, plus the possibility that fiscal cliff talks in the United States will stall, are weighing on risk assets. Right now, the yen is heading a little bit higher. Even with the expectations that there will be even more easing from […]
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November 262012
Rand Firm as Traders Buy South African Bonds
The South African rand strengthened today amid the positive market sentiment that increased demand for assets of emerging markets, including South African bonds. Overseas buyers purchased 5.72 billion rand ($645 million) of South African bonds last week. European finance ministers are meeting today to discuss help for Greece yet again. Hopes for a positive outcome of the meeting encourage Forex traders to purchase riskier currencies. The eurozone is […]
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November 262012
US Dollar Gains Ground as Eurozone Troubles Continue
US dollar is gaining ground today, heading higher as eurozone troubles continue. Worries about what’s next for the eurozone are weighing on risk appetite, as the division in thought amongst eurozone leaders becomes more pronounced. Greenback is heading higher today as risk aversion gains the upper hand and riskier currencies head lower. Concerns about what’s next fort he eurozone are once again in focus, and the US dollar […]
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November 262012
Indonesian Rupiah Flat. Can It Rise?
The Indonesian rupiah was flat today, but analysts think that the currency may gain amid signs of economic recovery and the positive outlook for the nation’s economy. The Indonesian rupiah traded flat today, but market analysts believe that the currency may yet advance. Global funds bought 2.99 trillion rupiah ($311 million) Indonesia’s government bonds last week. Economists expect that the official report on December 3 will […]
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