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Day: June 21, 2013
June 212013
Dollar Ends on Week on Positive Note
The US dollar closed higher today, rising for the third straight day against the euro and for the fifth consecutive session versus the Japanese yen, as risk aversion continues to drive the currency up. The Dollar Index advanced for the third day, rising 0.6 percent to 82.310. The gauge gained 1 percent on June 19 when the Federal Reserve signaled about a possible end to quantitative easing. It was indeed expected that comments about reduction […]
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June 212013
Canadian Economic Releases Miss, Sending Loonie Lower
Canadian economic releases disappointed today, and with the dollar dominating everything in sight, it’s little surprise that the loonie is lower. Earlier today, Statistics Canada released inflation numbers that came in below expectations. Analysts had expected to see an increase of 0.4 per cent from April to May, but the number came in at 0.2 per cent instead. Matters also aren’t being helped by the fact that retail sales, […]
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June 212013
Euro Lower as Risk Aversion, Dollar Dominate
Euro is heading lower today, dropping as risk aversion sets in, and as the dollar dominates the markets. Uncertainty over the eurozone, combined with the expectation that the Fed will end quantitative easing relatively soon, is sending the 17-nation currency lower against the greenback today. Eurozone leaders are recommitting themselves to fixing the economy and moving forward with bailout programs for Greece and Cyprus. Even though there have been concerns […]
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June 212013
Won Recovers, Still Heading to Weekly Loss
The South Korean won recovered a bit today, following the previous massive slump. The currency was still heading to a big weekly loss. The prospects for an end to Federal Reserve quantitative easing scared investors and led to capital outflows from emerging economies. The won sank because of that, but now is attempting to recover, following some other risky currencies. Still, the South Korean currency is 2.5 percent down over the week […]
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June 212013
Zloty Rebounds with Bonds
The Polish zloty gained today, bouncing from the previous huge slump, as nation’s bonds rallied and traders speculated that the drop was excessive. The yield on bonds maturing in 10 years dropped seven basis points to 4.19 percent. It jumped 40 basis points yesterday, the biggest gain since October 2008. Risky currencies demonstrated massive losses after the US Federal Reserve suggested that it may reduce its […]
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