The Chinese yuan fell today, snapping its two-day rally, on the speculation that the slowdown of China’s economy may cause the nation’s policy makers to slow appreciation of the currency. The average earnings of 505 companies…
Posts published in March 2012
Euro Struggles, Even on Possibility of Firewall Boost
March 28, 2012
Euro is struggling today after seeing some earlier gains. Some of the risk appetite from earlier has been erased, replaced by continued concerns about the eurozone. Even an Italian bond…
Japanese Yen Gains as Fiscal Year Comes to a Close
March 28, 2012
It’s the end of the fiscal year for Japanese companies, and exporters are buying more to close things out. The result is that the Japanese yen is gaining against its major counterparts, helped…
NZ Dollar Declines on Worries About China’s Slowdown
March 28, 2012
The New Zealand dollar declined today on the speculation that the Chinese economy is slowing, reducing attractiveness of riskier assets of emerging markets, and as Asian stocks fell. The report on March 22 showed that…
Swedish Krona Advances with Consumer Sentiment
March 28, 2012
The Swedish krone advanced today as confidence of Swedish consumers improved more than were expected by market analysts and as fears of the economic crisis were almost gone. The National Institute of Economic Research reported…
US Dollar Mixed as Forex Traders Consider Latest News
March 27, 2012
US dollar is mixed today, due in large part to the latest uncertainty coming from the eurozone. Earlier, risk appetite was all the rage, with the euro reaching new highs for the month…
Euro Pulls Back as OECD Talks about Firewall Needs
March 27, 2012
Earlier today, euro got a boost from what many saw as a successful Italian bond sale, as well as yesterday’s speech from Ben Bernanke opening the door for QE3 in the United States. However,…
Ringgit Gains as Investors Bid for Higher Yield
March 27, 2012
The Malaysian ringgit, together with some other Asian currencies, rose today after comments of German Chancellor Angela Merkel and US Federal Reserve Chairman Ben Bernanke boosted risk appetite…
Yuan Appreciates as China Plans to Allow More Flexibility
March 27, 2012
The Chinese yuan advanced today as China’s President Hu Jintao assured US President Barack Obama that the country will allow a more flexible exchange rate and after the nation’s central bank…
The Australian dollar gained today as Federal Reserve Chairman Ben Bernanke signaled that the US economy still needs stimulus, making investors look for higher yield and benefiting riskier assets. Bernanke…