News – Page 1087

April 18
2009

Unexpected Drop in Inflation Rate Pushes Canadian Dollar Down

The Canadian dollar had the second day of losses against the greenback after a report indicating that the inflation slowed during the last month. The one-year inflation rate was 1.2% the past month, falling from the Februarys annualized rate of 1.4%, this fact can be considered unexpected, since forecasts were indicating stability regarding the inflation. The current recession and credit […]

April 17
2009

Euro Falls as ECB President Fails to Improve Economic Confidence

The euro fell this Friday against major currencies and hit a one-month low against the dollar after ECB President Jean Paul Trichet failed attempt to unite the banks policy makers towards a common direction. On the speculation that a report may show an increased consumer confidence for the second month in the United States, the dollar rose against the euro to a one-week high level, […]

April 17
2009

New Zealand Dollar Falls on Growing Recession Concerns

The kiwi had its worst week in a two-month period against the yen as slumping growth in China indicates that the recession is far from its ending. Several factors made the N.Z. dollar to fall this week against major pairs, but the main event that brought the kiwi down was the Chinese economy, which is facing the slowest growth in 9 years. The New […]

April 16
2009

Yen Rises as Recession Concerns Grow in Asia

An economic report showed that the Chinese economy had the slowest growth in almost a decade, this favored the yen against high-yielding currencies. Several factors pushed the yen up today against major currencies, it rose against the U.S. dollar on speculations that reports will show weakened numbers from the construction sector, combined with an increase for unemployment benefits claims. A report from the […]

April 16
2009

Pound Surges as Confidence Grows in Financial Markets

The increasing confidence in Prime Minister Gordon Brown helped the pound to rally to $1.50 for the first time in three months. The pound sterling has been showing a significant rise against major currencies since the beginning of the year, if compared to the USD, it has strengthened 2.6%, and more than 8% against the euro. Polls in the United Kingdom show that the Prime Ministers party, for […]

April 15
2009

Currency Options Show Strongest Sentiment for GBP in 4 Years

Great Britain pound traders’ optimism, suggested by the currency options market, indicate that a strong bullish sentiment against the euro is currently active on the Forex market. For a period of more than 3 years, the euro remained in advantage against the pound in the currency options market. This tendency has been reversed, as traders are now paying 0.25 percentage-point for one-week call options […]

April 15
2009

U.S. Economy Reports Push Down the Australian and NZ Dollar

The Aussie and the kiwi lost ground against major currencies as producer prices and retail sales fell in the United States, changing the speculations about the global crisis that «the worst is behind us». The world’s largest semiconductor company, Intel, reported less significant earnings in their first quarter results as the S&P 500 Index fell by 0.7%. These results destroyed the rumors […]

April 14
2009

Yen Grows as Stocks Fall in Japan

The decline in the Japanese stock market spurred a wave of growth for the Japanese yen today as the investors still unsure whether the recession trends are over or not yet. The yen rose against all major currencies, while the dollar advanced against the high-yielders only (remaining stable against the British pound, which is no longer a risk currency). While the corporate reports […]

April 13
2009

Aussie and Kiwi Gain as Risks Decrease

The currencies of Australia and New Zealand advanced against the Japanese yen and the U.S. dollar on the Forex market today as the traders clearly favored risk-ridden high-yielding assets despite the mixed stock trading session results in Asia. The growth of the high-yielding currencies was spurred mainly by the decline of the Japanese yen, which was clearly overbought during the last week. […]

April 10
2009

Dollar Appreciates on Better Economic News

The U.S. dollar continued to gain today after the yesterdays rather significant rally as the speculations that the worlds biggest economy is soon to leave its recession period arise. The dollar grew against the euro and the British pound today, while being almost unchanged versus the Japanese yen. Yesterday, after the fundamental indicator news were released along with some corporate reports, […]