Archive : Economic Outlook

Sharp Rise in Euro Because of EU Stability Package

Sharp Rise in Euro Because of EU Stability Package

Euro rose sharply against the yen and dollar in Asia last Monday, because the series of the remarks from the European Central Bank shows that authorities had taken necessary measures for prompting non-Japanese hedge funds to buy the euro.

Euro gained against dollar after firmer German Ifo

Euro gained against dollar after firmer German Ifo

On Tuesday the euro rise against the dollar, reversing earlier losses as a firmer-than-expected German sentiment survey offset concerns about the country’s banking sector.A bigger-than-expected rise in the German Ifo November business climate index has helped the euro. The index rose to…

Euro Hovers Near $1.50 As Risk Is Back On

Euro Hovers Near $1.50 As Risk Is Back On

On Monday the euro has shown some advancement, hovering near the $1.50 level in New York trading as demand for the greenback has been hurt by the comments from a Federal Reserve official. The remarks helped in encouraging a broad rally in global stocks, oil, gold and higher-yielding currencies that reversed…

Canadian Dollar dropped down as Stocks fall on Concern Rally Overdone

Canadian Dollar dropped down as Stocks fall on Concern Rally Overdone

The Canadian dollar has drooped down against 13 of its 16 most-traded counterparts and it has gained only against the currencies of New Zealand, Australia and South Africa. The U.S. dollar has shown a rise against all but two major currencies as…

British pound becomes week on Budget Deficit

British pound becomes week on Budget Deficit

As the U.K. posted its worst deficit figures since the measurement start, the pound had a negative week against the U.S. dollar. This has decreased the attractiveness for the British currency which has performed positively in the week…

Dollar gains; higher-yielding currencies lose shine

Dollar gains; higher-yielding currencies lose shine

On Friday the dollar rise, giving an extension to the previous day’s gains as investors retreated from riskier assets, taking the shine off higher-yielding currencies such as the Australian dollar.Today Tokyo’s Nikkei average fell 0.5% and after the U.S. S&P 500 index suffered its worst one-day percentage fall in three weeks on…

Dollar, Yen Gain as Risk Appetite Pulls Back

Dollar, Yen Gain as Risk Appetite Pulls Back

On Thursday the dollar and yen shows a rise as a pullback in risk appetite amid falls in equity and commodity markets revived safe-haven demand for the U.S. and Japanese currencies…

Dollar fell down as Fed seen keeping rates low

Dollar fell down as Fed seen keeping rates low

On Wednesday the dollar fell against most major currencies as dealers took profits on the currency’s biggest rise in three weeks, having fresh data doing little to change the view that U.S. interest rates will remain at record lows well into 2010…

Today Euro Gains On Japan Data; US Retail Sales in Focus

Today Euro Gains On Japan Data; US Retail Sales in Focus

In New York trading Monday the euro began the week stronger against the dollar, as positive Japanese economic data released overnight reinforced investor confidence in a global…

FOREX: What are Spreads, Commission and Trading Cost

FOREX: What are Spreads, Commission and Trading Cost

Forex is rapidly spreading all around the worlds. This market is for everyone and everyone is able to earn the profits either new or regular trader.

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