Posts Tagged ‘Australian dollar’
Currency Articles - December 29, 2012 21:31
Euro Ends Week Strong, Confirms New Uptrend
The Euro confirmed last week’s breakout with a closing price above the important $1.32 level which improves the probability that this latest move higher is a sustainable one that is capable of taking it back to $1.35 over the next few weeks. In my mind, looking over a number of crosses, the Euro breakout is […]
Australian Dollar Plunges on Weaker Trade Data
The Australian dollar took a heavy beating on Tuesday and fell below $1.01 versus the greenback which also happens to its lowest since December. Investors squared off their positions on the Australian unit in reaction to weak Australian trade data and escalating worries over European debt. According to the latest report Australian trade deficit reached […]
Euro Gains on Wednesday over Positive Development on Euro Zone’s Debt Situation
The single currency was stronger on Wednesday as positive hopes prevailed among investors on the euro zone’s debt situation. Traders were optimistic about the summit in Brussels on Thursday where French President Nicolas Sarkozy and German Chancellor Angela Merkel have met to find a solution of Greece’s debt problems. Senior market analyst, Andrew Wilkinson from […]
US Dollar remains Under Pressure as Bernanke Suggest Additional Stimulus Measures
The US dollar declined versus its major counterparts on Wednesday as the US Federal Reserve Chairman Ben Bernanke supported the stance for additional stimulus measures in case of further deterioration in US economy. Bernanke while addressing the House Financial Services Committee commented, “The possibility remains that the recent weakness may prove more persistent than expected […]
US dollar remains mixed on Friday on Latest Jobs Data
The US dollar declined versus its major counterparts except the euro on Friday. The negative sentiment prevailed on latest US payrolls report which disappointed the traders. On the other hand the single currency also remained under pressure on Italy’s debt crisis. Chief currency strategist, Dean Popplewell from Oanda Corporation commented, “It’s difficult to want to […]
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