Day: December 23, 2013

December 23
2013

Political Unrest Continues to Undermine Thai Bath’s Strength

The Thai baht fell today as the prolonged political unrest makes the currency very unappealing to investors, who do not like uncertainty and risks associated with social turmoil. Protests in Thailand persist and show no sign that they may end anytime soon. Prime Minister Yingluck Shinawatra scheduled an election on February 2 after she dissolved the parliament, but demonstrators are trying to prevent candidates from registering for the election. […]

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December 23
2013

Real Gains as Traders Expect Central Bank’s Support

The Brazilian real rose today on speculations that the central bank will support the currency after the recent decline that followed the US Federal Reserve’s policy announcement. The real fell last week, as well as many currencies of emerging economies, after the Fed announced its quantitative easing tapering. The currency rebounded as investors were exiting bets on additional gains of the US dollar before the year-end. The real is still under pressure from […]

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December 23
2013

Pound Gets a Boost from Optimism for 2014

UK pound is getting a boost today, thanks in large part to optimism related to the economy. Many investors expect to see economic improvement for 2014, built on the improvements seen in 2013. As a result, sterling is getting a little help and support today. Thanks to the economic improvement seen in the last six months, the UK pound is on track to see overall gains against the US dollar this year. Sterling is also getting a boost […]

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December 23
2013

EUR/USD Moves Higher for Second Session

EUR/USD was rising, the second trading session of gains after two session of decline. Analysts theorized that such behavior was a result of traders exiting bets on additional gains ahead of the year-end. US data was moderately good, with improving indicators, but without any significant surprises. Both personal income and spending increased in November. Income rose 0.2%, compared to the predicted increase of 0.4% and the October drop of 0.1%. Spending […]

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December 23
2013

Will Fed Remove Quantitative Easing by the End of 2014? Poll

Earlier this year I have asked about interest rates. I have incorrectly used the term QE — I should have been talking about the two events separately: removing purchase of mortgage-backed securities and long-term treasuries is not the same as hiking the rates. As it is quite obvious that there will be no rate increase in 2014, this poll is dedicated to the probability of full QE3 removal by the end of the next year. […]

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