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Yen Snaps Three-day Slide; Japanese Exporters Buy the Currency

Yen Snaps Three-day Slide; Japanese Exporters Buy the Curren...

 Aug. 27 (Bloomberg) -- The yen rose, snapping a three-day slide against the dollar and the euro, on speculation Japanese exporters bought the currency to settle month-end accounts.The yen gained against 15 of the 16 most-active curr [...]

Posted On : Aug, 27 2007 | Comments : 0

Dollar Set for Weekly Loss Versus Euro on New-Home Sales Report

Dollar Set for Weekly Loss Versus Euro on New-Home Sales Rep...

The dollar headed for a weekly decline against the euro before a government report that's forecast to show sales of new homes in the U.S. dropped in July to the lowest in seven years.The U.S. dollar has fallen against 13 of the 16 most-acti [...]

Posted On : Aug, 24 2007 | Comments : 0

Stronger UK Retail Sales Fails to Help the British Pound

Liquidation of high yield currencies has sent the British plummeting alongside the Australian and New Zealand dollars. GBP/JPY had a 1000 point trading range today and is down 500 points on the day. Stronger than expected retail sales last [...]

Posted On : Aug, 20 2007 | Comments : 0

British pound hit by Foot and Mouth disease outbreak

British pound hit by Foot and Mouth disease outbreak

The British pound has been weak even before the US stock market and US dollar took off because of an outbreak of Foot and Mouth disease in the UK this weekend. The last time this epidemic hit the country was back in 2001 when the econom [...]

Posted On : Aug, 14 2007 | Comments : 0

The Power to set off a Dollar Collapse

China has the power to cause the dollar collapse from two angles. The first is an outright sale of US treasuries and correspondingly, the US dollar. The second is to cause the dollar to fall as a result of weakening US economic fundamentals [...]

Posted On : Aug, 12 2007 | Comments : 0

Dow plummets 300 points, carry trade liquidation Continues

Rising risk aversion has caused a wave of carry trade liquidation. None of the yen crosses were spared in the second worst day for carry traders this year. The biggest losers were NZD/JPY and AUD/JPY, which dropped 400 and 340 points respec [...]

Posted On : Aug, 07 2007 | Comments : 0

Weak housing numbers weight on British pound

The British pound sold off for the second day in a row on the back of weak housing market data. Nationwide house prices increased only 0.1 per cent in July, dragging the annualised pace of price growth down to 9.9 per cent from 11.1 per cen [...]

Posted On : Aug, 05 2007 | Comments : 0

British pound tanks but uptrend not broken yet

With no economic data released today, the British pound, like the euro, saw its biggest drop in two months. Unlike the euro however, the uptrend in the GBP/USD is not broken until the currency pair slides below 2.0450, which is the July 18t [...]

Posted On : Aug, 01 2007 | Comments : 0

More Gains in Store for the Australian Dollar, Finance Minis...

The Australian dollar climbed to new highs against the US dollar despite the lack of economic data. Big investors here in the US and in Japan continued to plow into the currency on expectations that the Reserve Bank of Australia may raise [...]

Posted On : Jul, 26 2007 | Comments : 0

Yuan value in spotlight during visit

US Treasury Secretary Henry Paulson will arrive in China for a fourth time next week, meeting with Chinese leaders for talks on economic and trade issues, his office announced on Tuesday.The visit comes as the US Congress has renewed pressu [...]

Posted On : Jul, 26 2007 | Comments : 0

British Pound Breaks 2.05 on Dollar Weakness and Asian Buyin...

The British pound first broke the psychologically important 2.05 level against the US dollar in the middle of the Asian trading session. Keying off of the stronger UK inflation data reported yesterday and the weaker US PPI numbers, Asian [...]

Posted On : Jul, 24 2007 | Comments : 0

British Pound: Weaker Economic Data Puts an End to 4 Day Ral...

Weaker than expected retail sales and money supply growth in the month of June put an end to the four day rally in the British pound. After the minutes from the latest Bank of England meeting revealed a less hawkish voting record, traders w [...]

Posted On : Jul, 23 2007 | Comments : 0

Euro hits new high against dollar, pound near US$2.06

Euro hits new high against dollar, pound near US$2.06

The euro hit another record high against the sinking U.S. dollar on Friday amid concerns that the 13-nation currency's strength could harm Europe's economy in the long term.The euro reached US$1.3843, surpassing its previous high of US$1.38 [...]

Posted On : Jul, 21 2007 | Comments : 0

British Pound Rallies on Potential UK Protectionism

The British Pound came within an arms length of the psychologically important 2.0 level. Although there was no new data released, traders continued to be very excited about the potential for 6% interest rates by the end of the year. I [...]

Posted On : Jul, 20 2007 | Comments : 0

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