Posts Tagged ‘US Dollar’
Currency Articles - March 28, 2011 16:01
Euro Steadier on Expectations of Higher Interest Rates
The US dollar slightly gained against its major rival currencies in Monday’s overnight trading session as the single currency traded with much steadier pattern on expectation of higher interest rates. The euro slightly declined to 1.4047 against the greenback as compared to 1.4068 on Friday’s North American trading session. The euro was under pressure due […]
US Dollar Strengthens against the Single Currency over Portugal’s Debt Crisis
The greenback strengthened against the euro on Friday as the investors were uncertain about the debt situation in euro zone. The news of reduced credit rating for Portugal by Standard and Poor weakened the single currency. Standard and Poor cut down its credit rating to BBB from A minus for Portugal which has made Portuguese […]
The US Dollar Advances on Stability in Oil Prices
The US dollar gained on Monday after hitting its lowest in four months against the single currency. However the US stock markets recovered as crude oil prices witnessed some correction after hitting $107 per barrel. The traders were uncertain about the increasing energy prices and future of interest rates. The dollar index DXY which measures […]
Euro Zone’s Services PMI declines for the Month of February
According to the latest market research report released on Thursday by Markit the business activity in services sector declined for the month of February. The euro zone’s services business activity index dropped to 56.8 for the month of February as compared to last month figure of 57.2. Analysts on wide were also expecting that the […]
Sterling Jumps on Improved Sentiment
The Pound has made gains today across the majority of the most actively traded currencies. Gains can be attributed to improved sentiment driving the market. For the last couple of weeks the pound has suffered from negative sentiment caused by very poor Q4 GDP figures for 2010. The reversal has however been driven by last […]
FX Markets Driven By Inflation and Sentiment
Markets at the moment are being heavily dominated by monetary policy expectations on interest rates. This is being driven by mounting inflationary pressures seen both in the UK and in the Euro-Zone. Many economists are arguing that the current high inflation levels are short term and that price pressures will decline over the next 6-12 […]
Global Stocks Decline on Debt Fears
The cost of insuring European sovereign debt against default has risen today to a record high as Portugal, Spain and Italy prepare to borrow $43 billion this year. The fallout of the concern caused by this is a marked decline in risk appetite and subsequent decline in global stock markets
Bernanke Threatens Extension of QE past $600 Billion
Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]
US Non Farms Takes Centre Stage
Nonfarm payrolls in the US advanced 39,000 in November after climbing 172,000 last month amid economists’ forecasts of a 150,000 gain. The US unemployment rate rose to 9.8 percent to mark the highest level since April of this year. The breakdown of the NFP report indicates that private payrolls rose 50,000, marking the lowest reading […]
Stocks Rally on European Response to Debt Crisis
Stocks and the risk sensitive Euro have gained today breaking a four day losing streak as positive jobs data is released from the US and speculation mounts that European lenders will step up their response to the debt crisis. The S&P 500 has rallied 2% the biggest move for two weeks. This has subsequently fired […]
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