After dropping 199 pips from the London opening of 1.4279 to trade as low as 1.4080, the EUR/USD is eerily quiet ahead of the Chinese GDP and Industrial Production data to be reported at 9:00 pm New York time. A drop in EUR/USD is a gain in the dollar.
Persistent concerns surrounding Chinese lending and tightening credit controls dampened expectations for growth in the Asian region in 2010 yesterday following the news that some lenders were asked to rein in credit as they failed to meet regulatory requirements.
The dollar continued to rally in Wednesday mid-day trading New York time after Chinese authorities announced ahead of the Asian trading session that banks will slow lending for 2010.
The euro fell broadly on Wednesday, hitting a four-month low against the dollar on concern about Greece's fiscal problems and breaking below a key chart level that could signal a bearish trend for the currency.
The Australian dollar trade in a V shape pattern overnight falling from Asian close around 0.9240 to a low of 0.9180 only to bounce back to open this morning around 0.9240. Negative sentiment surrounding the Euro added support to the Greenback against the majors inspiring the move lower however with U.S equities and commodities once again performing well AUD/USD bounced back quickly. The Aussie appears to be range bound at present with resistance around the 93 cent handle proving difficult to br...
The Aussie dollar survived a brief selloff in Asia yesterday to bounce back from intraday lows of around 0.9175 and open at 0.9265 this morning.
The Australian dollar and the Canadian dollar rallied against the US dollar on news of the European stock market recovery and comments from various officials pledging their support for continued government stimulus.
SYDNEY, Jan 18 (Reuters) - The U.S. dollar and the yen were firm on Monday while currencies leveraged to global growth like the Australian dollar ran into a bout of profit-taking after an impressive run up since the start of the new year. The euro EUR= stayed under pressure, dragged down by concerns about fiscal problems buffeting Greece. The country's budget deficit has ballooned and its credit ratings have been cut, a factor that has been weighing down on the euro in the past few months [ID:nL...
The Aussie dollar fell below the 93 cent handle in Asia on Friday to enter offshore trade around 0.9275 ahead of key European and U.S economic data releases.
The Australian Dollar opens higher today at 0.9310 and is consolidating upon its recent gains versus the greenback.
TOKYO (Reuters) - Japan's Nikkei average gained 1 percent on Thursday, with tech shares up after their U.S. rivals gained and exporters also higher as worries about the negative impact of China's monetary tightening on its economy faded.
The Australian Dollar opens marginally higher today at 0.9230 after the greenback weakened against several major currencies during overnight trade.
REYKJAVIK, Jan 13 (Reuters) - Iceland's economy minister said on Wednesday there were signs the country's IMF-led aid package would be delayed after a hitch in a deal to repay the UK and the Netherlands money lost in the island's banking collapse.
LONDON (Reuters) - The euro hit a one-month high against the dollar on Wednesday while higher-yielding currencies trimmed losses from the previous day as investors concluded China's surprise monetary tightening would not derail growth.
The Canadian dollar fell against the U.S. currency on Tuesday after data showed the country's trade balance unexpectedly slipped into deficit in November, raising worries about the health of the recovery.
The U.S. Federal Reserve will have to raise interest rates as the economy improves or risk losing the public's confidence in its commitment to keeping inflation low and stable, a top Federal Reserve policy maker said on Tuesday.
The Australian Dollar opens lower today at 0.9210 after failing to hang onto its recent gains above US93 cents.
The Canadian dollar is continuing to reverse the gains it made in the first week of 2010 against the dollar. The Canadian dollar rose from a low of 1.0576 on December 30 to a high of 1.0249 yesterday at 3 a.m. London time on rising stock and oil prices and prospects of a worldwide economic recovery.
The Australian Dollar opens marginally higher on Tuesday against its U.S. counterpart at 0.9311.
The U.S. dollar fell on Monday, extending losses after posting its biggest loss in six weeks after U.S. jobs data disappointed, while the Australian dollar soared on the back of strong export numbers from China.
The Australian Dollar opens higher on Monday at 0.9260 after U.S. non-farm payrolls came in weaker than expected sparking a sell-off in the greenback.
The recent spike in U.S. bond yields, coinciding with a rally in the dollar against the yen, is flagging a return to the yen to fund carry trades -- the risky strategy of using a low-yielding currency to purchase assets in higher-yielding currencies in the search for better returns.
Japanese Finance Minister Naoto Kan said on Friday that the markets should decide currency levels. But he also said the government needs to pay heed to companies, who calculate exchange rate estimates when doing business.
The dollar dipped against the yen on Friday after Japanese Finance Minister Naoto Kan said markets should decide exchange rates.
The Australian Dollar opens lower on Friday at 0.9180 after a stronger greenback overnight weighed on the high-yielders and eroded yesterday's solid gains.
The number of U.S. workers filing new applications for unemployment insurance rose less than expected last week and a measure of underlying trends hit a nearly 16-month low, underscoring the improving labor market tone.
The Australian Dollar opens at a 5-week high against the greenback on Thursday at 0.9200.
The Australian Dollar opens largely unchanged against the greenback on Wednesday at 0.9090.
Looser foreign exchange policies in emerging Asia, particularly China, would benefit everyone but the desire for change may have diminished post-crisis, European Central Bank policymaker Lorenzo Bini Smaghi said on Tuesday.
The dollar steadied on Tuesday, keeping broad losses made the previous day, as growing hopes for a global economic recovery encouraged investors to shift funds to riskier assets from the greenback. The dollar was also under pressure from fund mangers trying to rebuild their portfolios at the start of the year by buying stocks, commodities and higher-yielding currencies.
