- 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: May 28, 2013
May 282013
Yen Declines on Outlook for Continuing Monetary Accommodation
The Japanese yen fell today on outlook for continuing accommodation from the Bank of Japan that will push the currency to the downside. Weaker currency is one of the aims of the central bank that should support economic recovery. BoJ board member Ryuzo Miyao said that the central bank has taken all necessary steps to facilitate economic growth. He noted that the monetary policy will continue to put “downward pressure on rates” […]
Read more
May 282013
Canadian Dollar Mixed Ahead of BoC Meeting
The Canadian dollar fell against its US peer today as traders were speculating about an end to Federal Reserve’s quantitative easing. At the same time, the currency was little changed versus the euro and rose against the Japanese yen. The US dollar was firm today, following strong performance against commodity currencies last week. The rally of the greenback resulted in weakness of other currencies. Mark Carney will conduct his last meeting […]
Read more
May 282013
Economic Data Supports the US Dollar
Economic data is supporting the US dollar today. With the best economic confidence readings in a long time, some think that the Fed will be forced to reduce its easing efforts sooner rather than later. This is adding fuel to the fire for the US dollar today. The Conference Board is reporting that the consumer confidence index has risen to a five-year high of 76.2. This is a vast improvement over […]
Read more
May 282013
Euro Falters Even as Yields Drop
Euro is heading lower today, faltering even as yields in the eurozone drop. With the ECB expected to keep loose monetary policy the norm, it is little surprise that the euro is finding reason to struggle today. Bond yields of debt-ridden eurozone countries are falling today. Spanish and Portuguese bond yields fell as indications that the European Central Bank will continue to support economic recovery and risky assets became […]
Read more
May 282013
Indian Rupee Drops, Fundamentals Remain Positive
The Indian rupee declined today against the US dollar, which was supported by speculations about tighter monetary policy. Fundamentals were not bad for the Indian currency, though, and may yet alleviate the pressure on the rupee. The Dollar Index ended its two-day loss today, pushing other currencies down. Economists say that capital inflows into India remain strong and may help the currency to pare losses. The Indian government is […]
Read more
May 282013
Baht Weakens Ahead of Policy Meeting
The Thai baht fell today, ahead of tomorrow’s central bank meeting, as persisting speculations about reduction of stimulus by the US Federal Reserve continued to undermine strength of riskier currencies. The Bank of Thailand will conduct its monetary policy meeting tomorrow. Analysts think that an interest rate cut is probable. Meanwhile, the Dollar Index advanced 0.2 percent to 83.865 as the greenback continued to rally, weakening other currencies. USD/THB advanced 0.54 […]
Read more
May 282013
Positive US Reports Not Good for EUR/USD
EUR/USD dropped today amid speculations that the Federal Reserve will reduce its quantitative easing program as the US economy recovers. Today’s reports supported such outlook, showing an improvement of economic conditions and adding incentive for the Fed to trim stimulus. The Dollar Index climbed, pushing other currencies down. S&P/Case-Shiller home price index advanced from 150.03 in February to 151.71 in March. The annual increase was at 10.9%, compared to the analysts’ expectations […]
Read more