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Hey Euro Traders, It's Risky Out There, Strategist Says |
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Wednesday, 06 April 2011 16:58 |
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The euro has
been trading as if there is no such thing as a sovereign debt crisis, and that decoupling is overdone, this strategist says.
The risk premium on the euro has been shrinking as traders seem to have ignored the problems in Portugal, Ireland, Greece, and possibly elsewhere, says Jens Nordvig, global head of G10 FX strategy at Nomura Securities. read more |
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Dollar Gains Against Euro as Debt Nerves Return |
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Friday, 11 February 2011 13:40 |
The euro fell on Friday following a new bout of market jitters over the euro zone's sovereign debt problems, while the dollar struck a one-month high against the yen after data underscored recovery in the U.S. jobs market.
U.S. Treasury yields have spiked this month, shoring up the dollar while improving data has supported the view that economic recovery in the United States is on more durable ground.
Data on Thursday showed new applications for unemployment benefits dropped to a 2-1/2...
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Read more... [Dollar Gains Against Euro as Debt Nerves Return]
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Dollar Falls vs Euro on Bernanke Remarks, Bond Auction |
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Thursday, 10 February 2011 12:41 |
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The U.S. dollar fell against the euro on Wednesday, after a strong Treasury debt sale accelerated bearish sentiment in the wake of comments by Federal Reserve chairman Ben Bernanke that its bond buying program would continue.
The dollar fell to a 3-day low versus the euro but was steady against the Japanese yen as U.S. bond yields fell after an auction of $24 billion 10-year Treasury notes drew strong demand. read more |
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Australian Dollar Slips After China Rate Rise |
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Tuesday, 08 February 2011 12:49 |
The Australian dollar slipped on Tuesday after a Chinese interest rate rise spurred speculation growth in the world's No. 2 economy may slow, while the euro rose against the dollar, boosted by Asian demand.
China's central bank raised its benchmark one-year deposit rate by 25 basis points to 3 percent on Tuesday, its second increase in just over a month in its intensifying fight against stubbornly high inflation.
While investors have been anticipating a gradual tightening in Chinese...
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Read more... [Australian Dollar Slips After China Rate Rise]
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Euro Rallies vs Dollar on Rate View; Aussie, Sterling Gain |
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Tuesday, 01 February 2011 13:59 |
The euro rallied to its highest against the dollar in more than two months on Tuesday, boosted by signs that increasing inflation pressures will prompt a much faster rise in euro zone than U.S. interest rates.
The Australian dollar also hit a four-week high against the dollar, buoyed by upbeat central bank comments, while strong UK data lifted sterling to a 2-1/2 month maximum, driving the U.S. currency to its lowest since early November against a basket of currencies.
Traders...
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Read more... [Euro Rallies vs Dollar on Rate View; Aussie, Sterling Gain]
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Euro Rises on Above-Forecast Euro Zone Inflation |
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Monday, 31 January 2011 12:56 |
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The euro rose against the dollar on Monday as above-forecast euro zone inflation kept alive the view that interest rates in the region may rise sooner than previously thought.
The data helped the euro recover from losses resulting from safe-haven buying of dollars, as well as Swiss francs and yen, due to unrest in Egypt.
Analysts said gains for these currencies may be limited unless the trouble spreads to other countries. read more |
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Yen Claws Back, Japan Exporter Demand Boosts |
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Friday, 28 January 2011 13:41 |
The yen rose on Friday as demand from Japanese exporters and speculators helped the currency to claw back some losses from a broad sell-off triggered the previous day by a cut to the country's credit rating.
The euro slipped against the dollaras investors took profits on the single currency's new year rally, but some analysts said the dollar may struggle if U.S. Gross domestic product (GDP) data later in the day fails to change the view that U.S. interest rates are set to remain at...
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Read more... [Yen Claws Back, Japan Exporter Demand Boosts]
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