[at Reuters] – * Australian dollar soars after GDP reading * Chinese, Australian data lift risk appetite * Yen hovers nears 15-year high versus dollar
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FOREX-Dollar falls across the board; Aussie dollar soars
September 1st, 2010 | Posted in Forex News | No Comments
Yen strengthens against the U.S. dollar
U.S. dollar weakness has become more pronounced recently, and that is leading to yen strength in currency trading. Indeed, the Japanese yen is attracting new investors as the greenback weakens.
The yen, though, is not gaining against high beta currencies, though. With Chinese manufacturing data providing a boost for global economic hopes, and especially helping the Aussie, the yen is not being sought as a general safe haven right now, since risk appetite is on the rise.
However, the yen is still appreciating against the U.S. dollar — to the chagrin of Japanese officials. The Japanese are now considering their options, trying to decide whether they will need to intervene to keep the yen from getting much stronger against the U.S. dollar.
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Japanese Yen Finds Popularity in Currency Trading
September 1st, 2010 | Posted in Forex | No Comments
The monthly ADP Employer Services survey shows that US employment fell by 10,000 during the month of August, the first monthly job loss since January. This flies in the face of a survey of economists that forecast a gain of 15,000 jobs.
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ADP Payroll Report Finds Job Losses on the Increase
September 1st, 2010 | Posted in Forex, Forex News | No Comments
For the first time in four months, China’s Purchasing Manager Index (PMI) recorded an increase rising to 51.7 in August from 51.2 in July. A number above 50 on the index indicates an increase in activity. The latest result will ease concern that growth is waning in China which is seen as a vital component in leading the global economy to recovery
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Manufacturing on the Increase in China
September 1st, 2010 | Posted in Forex | No Comments
Meeting minutes from the US Federal Reserve’s August meeting released yesterday indicate that the Bank is prepared to buy more US debt if the economy were to worsen “appreciably”. The minutes suggest that the Central Bank favors the purchase of government bonds but would buy additional mortgage debt if necessary to protect the credit market. Source: BBC News
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Fed Could Buy More Debt
September 1st, 2010 | Posted in Forex, Forex News | No Comments
[at MarketWatch] – The U.S. dollar extended losses on Wednesday after ADP said private U.S. companies cut 10,000 jobs in August, as analysts said it is unlikely to change expectations for Friday s nonfarm payrolls report.
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Currencies: Dollar stays down after ADP, Chinese data
September 1st, 2010 | Posted in Forex News | No Comments
September 1st, 2010 | Posted in Forex, Forex News | No Comments
[at Reuters] – The dollar extended losses versus a basket of currencies in early morning trading on Wednesday as upbeat data from China and Australia boosted risk appetite.
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US dollar index falls 1 percent to session low
September 1st, 2010 | Posted in Forex | No Comments
[AP] – Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S.
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US fears mean risk for European Central Bank
September 1st, 2010 | Posted in Forex News | No Comments
September 1st, 2010 | Posted in Forex | No Comments