Day: December 26, 2012

December 26
2012

Taiwan Dollar Advances on Hopes for Stimulus

The Taiwan dollar advanced today amid hopes that central banks of developed nations will stimulate their economies, fueling global economic growth. Such hopes increased the attractiveness of Taiwan assets. According to the exchanged data, global investors bought $126 million more local stocks than they sold today. Hopes for the stimulating measures from central banks allowed the market sentiment to overcome negativity caused by the danger of financial cliff […]

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December 26
2012

What’s Next for the US Dollar?

US dollar is lower today as a touch of risk appetite returns to the markets. The prospect of a fiscal cliff deal is helping to support high beta currencies, and there are also concerns about more easing for the US dollar in the first quarter of 2013. Right now, there is a bit of optimism floating around regarding a resolution to the fiscal cliff issues. With President Barack Obama heading back from his Christmas holidays […]

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December 26
2012

Indonesia’s Fundamentals Endanger Rupiah

The Indonesian rupiah was flat today, but remains in danger as the rising trade balance deficit may lead to growth of current account deficit. Such prospects drove investors away from the nation’s assets. The trade shortfall widened to $1.5 billion in October, reaching the highest level since at least 2008. The central bank predicted that the current-account gap will increase to the record 2.3 percent of gross domestic product. According the exchange data, […]

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December 26
2012

Japanese Yen Drops on BOJ Easing Expectations

The Japanese yen is dropping today, heading lower against its major counterparts as easing expectations dominate the news. With Shinzo Abe set to be the new prime minister in Japan, aggressive easing is expected for the Bank of Japan. That is leading to a lower yen today. Shinzo Abe, who served as prime minister for less than a year before resigning in 2007, is back in as the Liberal Democratic Party won in the recent […]

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December 26
2012

EUR/USD Rises After Christmas

EUR/USD rose today after yesterday’s holiday, when markets were closed. The currency pair currently trimmed its gains though and shows tendency to decline. The data from the United States was mixed as the housing market continued to show signs of improvement, but manufacturing growth unexpectedly slowed this month. S&P/Case-Shiller home price index rose from 143.18 in September to 114.12 in October. The annual growth was 4.3%, compared to the predicted […]

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