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Euro buoyed by further bounce in German consumer optimism
2007-05-25 14:28:00 LONDON (Thomson Financial) - The euro was buoyed slightly by solid German consumer confidence data. The GfK market research institute said its consumer climate index for Germany is forecast to rise to 7.3 points in June from a revised 5.7 points in May. Analysts had only expected an increase to 6.5. The news further fuelled expectations that ... More About: Euro , Consumer , Bounce , Erma
Dollar propped up by strong US data, yen supported
2007-05-25 14:23:00 By Toni Vorobyova LONDON (Reuters) - The dollar ticked up to a six-week high versus the euro on Friday, cheered by strong U.S. housing data the previous session, while falling equity markets boosted the yen. With the United States and much of Europe shut on Monday for public holidays, trading was likely to be dominated by position ... More About: Dollar , Data , Tron , Strong , Doll
Dollar rises on unexpectedly strong U.S. home sales
2007-05-24 19:33:00 By David McMahon - Reuters NEW YORK, May 24 (Reuters) - The dollar rose on Thursday after a report showed U.S. new home sales in April grew at their fastest pace in 14 years, reinforcing the view the Federal Reserve may not have to cut interest rates this year. The greenback surged to a one-month high against ... More About: Sales , Dollar , Home , Tron , Rise
Durables Orders Rise, Home Sales Gain Little, Reports May Show
2007-05-24 15:01:00 By Bob Willis - Bloomberg.com May 24 (Bloomberg) — Orders for durable goods in the U.S. rose for a third month in April and sales of new homes held near a seven-year low, a reminder that housing remains the economy’s weakest link, reports today may show. The Commerce Department will report that new home sales rose to ... More About: Sales , Home , Show , Repo , Rise
Yen Gains Most Against Dollar in Five Weeks; China Stocks Drop
2007-05-24 14:50:00 By Aaron Pan and Gavin Finch - Bloomberg.com May 24 (Bloomberg) — The yen had its biggest rally in more than five weeks against the dollar after a slide in Chinese stocks prompted concern traders will dump emerging-market assets funded by borrowing in the Japanese currency. The yen also rose the most in two weeks versus the ... More About: Stocks , China , Dollar , Five , Drop
Daily analysis - 05.24.07
2007-05-24 09:16:00 Source: Easy-forex.com U.S. Dollar Trading (USD) fell against a basket of majors as positive data from other markets weighed heavy on the USD. Despite mortgage data coming in better than expected for the USD, markets chose to shrug it off cautiously ahead of Thursday?s key housing data release. In other news, US Treasury Secretary Henry Paulson ... More About: Daily , Analysis , Dail , Anal
Euro Little Changed Against Dollar Before Germany?s Ifo Report
2007-05-24 09:07:00 By David McIntyre and Stanley White - Bloomberg.com May 24 (Bloomberg) — The euro was little changed against the dollar before an Ifo Institute report that’s likely to show German business confidence rose to the highest since 1991. The euro has gained 1.9 percent this year as improving economic figures suggest interest rates will rise from 3.75 ... More About: Germany , Euro , Dollar , Report , Repo
USD Mixed Ahead of Data
2007-05-24 09:04:00 by Korman Tam - Forexnews.com The greenback is mixed in early Thursday trading, firmer against the euro and yen while continuing to trade on its heels versus the sterling and Loonie. Currency movements have been largely dictated by sentiment on the outlook for global interest rate differentials, with the currencies of the central banks most likely ... More About: Data , Head , Mixed , Ahead , Mixe
Canadian dollar rose to fresh 30 year high on inflation
2007-05-23 23:37:00 The Canadian dollar reached new highs on wednesday as oil prices rose above $65 per barrel. The higher-than-expected inflation data for April reinforced market expectations for further credit tightening to curb the inflation. The bond market has already priced in a 25 basis point rate hike by the BOC by the end of this year. Traders will pay special ... More About: Inflation , Dollar , Rose , High
Yen Volatility to Increase
2007-05-21 08:21:00 Source: ActionForex.com Dollar generally strengthened last week despite mixed data out of US, except versus the stella performance Canadian dollar which broke 30 year high on a string of strong data. Sterling continued to be pressured after disappointing inflation and retail sales. Meanwhile, the Japanese yen were pressured by continuous carry trade until Friday’s PBoC announcements ... More About: Ease
Yen hits record low against euro as stocks rise
2007-05-21 08:16:00 By Satomi Noguchi TOKYO, May 21 (Reuters) - The yen hit a record low against the euro on Monday, with sellers of the low-yielding currency encouraged by regional stock markets’ calm reaction to China’s surprise move to widen the yuan’s trading band and raise interest rates. Group of Eight finance ministers avoided discussing the yen’s weakness at ... More About: Stocks , Euro , Hits , Record , Rise
Yuan hits record high against U.S. dollar
2007-05-21 08:14:00 Source: chinaview.cn BEIJING, May 21 (Xinhua) — The central parity rate for yuan against U.S. dollar rose to new high on Monday, the first trading day when the daily floating band for the spot rate in the interbank foreign exchange market is expanded. The central parity rate for the yuan, also known as Renminbi (RMB), reached 7.6652 ... More About: Dollar , High , Hits , Record , Doll
FX Sideways Amid Dearth of News
2007-05-21 08:08:00 By Korman Tam - Forexnews.com At 4:30 AM UK April PS net borrowing (exp 1.5 bln stg, prev 8.5 bln stg) UK April PSNCR (exp -1.5 bln stg, prev 17.2 bln stg) The dollar holds steady against the majors heading into the week, buoyed above the 121-level versus the yen and steady near 1.9740 against the sterling. ... More About: News , Side
China Widens Yuan Trading Band, Boosts Flexibility
2007-05-18 15:38:00 By Christina Soon Source: Bloomberg.com May 18 (Bloomberg) — China widened the yuan’s daily trading limit against the U.S. dollar, allowing faster gains in the currency to cool the economy and cut a record trade surplus that has strained ties with the U.S. and Europe. “Widening the band is to further improve the yuan’s mechanism, but it ... More About: Band , Trading , Bili , Boost
Yen bounces back - Yuan-Dollar trading band widening
2007-05-18 13:18:00 Yen strenghtened today after China’s central bank said it will widen the Yuan/USD trading band to 0.5% from 0.3% and rase interest rates. The Yen gained about 30 pips against the Doll ar - trading around 120.90, and about 60 pips against the Euro trading around the 163.00 level. FX-BAR FREE Forex toolbar More About: Band , Trading , Back
Forex daily analysis - 05/18/07
2007-05-18 10:07:00 Forex daily analysis Source : Easyforex U.S. Dollar Trading (USD) advanced broadly having recently reached a 1 week low. The greenback received support from Philly Fed survey which indicated an unexpectedly large rise in US business activity backing a view that interest rates will stay on hold for some time. In U.S. share markets, the NASDAQ fell by ... More About: Daily , Analysis , Forex , Dail , Fore
Yen Heads for Weekly Fall Versus Dollar, Euro on Growth, Rates
2007-05-18 09:58:00 By Kosuke Goto and Ron Harui Source: Bloobmerg.com May 18 (Bloomberg) — The yen headed for a fourth weekly loss to a three-month low against the dollar as a report showing weakening economic growth is likely to keep The Bank of Japan from lifting borrowing costs anytime soon. The yen has fallen against 14 of the 16 most-traded ... More About: Euro , Dollar , Growth , Versus , Weekly
Carry trades expected to continue as forex volatility drops
2007-05-18 09:54:00 Source: FXstreet The USD traded mixed during the Asian session, gaining against the European currencies but losing some ground against the CAD on rising crude prices. Today’s manufacturing data’s key indicators (like orders and employment) showed decent increases that will further support the view that a bottom in the manufacturing slowdown has already been seen, providing ... More About: Forex , Fore , Drop , Conti , Carry
Yen at record low against Euro, 3 months low vs Dollar
2007-05-17 14:28:00 Yen hit a three-month low against the USD and record low against the Euro as Carry trades persists. The yen kept a heavy tone due to Japanese economic growth having been slightly slower than expected in the first quarter. Earlier today the Japanese government announced that GDP had been 0.6 pct higher in the first quarter ... More About: Dollar , Again , Record , Months
Canadian dollar stronger after CPI data
2007-05-17 14:10:00 The Canadian dollar went under the 1.1000 mark against the USD today after Higher than expected “CPI EX Food & Energy” data. Core CPI m/m turned out to be 0.2% after a 0.1% forecast. Core CPI y/y turned out slightly higher than expected at 2.5%. These numbers show that the Canadian economy has a steady and ... More About: Dollar , Data , Dian , After
ECB says euro zone house price growth cooling, but still buoyant
2007-05-17 13:44:00 Source: Forbes.com FRANKFURT (Thomson Financial) - The Euro pean Central Bank said house price growth in the euro zone appears to be cooling but remains buoyant. ‘Recent information appears to be in line with a cooling down of housing market developments after a prolonged period of unusually high growth rates in house prices,’ the ECB said in its ... More About: House , Growth , Price , Still
US dollar firms vs yen in Singapore afternoon trade on Japanese Q1 GDP
2007-05-17 11:49:00 Source: ABCmoney SINGAPORE (XFN-ASIA) - The US dollar was firmer against the yen in afternoon trading here as the yen kept a heavy tone due to Japanese economic growth having been slightly slower than expected in the first quarter, although option-related selling continued to slow the dollar’s progress, dealers said. At 3.30 pm here (0730 GMT), the ... More About: Singapore , Dollar , Trade , Afternoon
Aussie dollar falls sharply, further pressure muted
2007-05-17 11:46:00 By Daniel Morrissey Source: ninemsn SYDNEY, May 17 (Reuters) - The Australian dollar fell about 1 percent to a nine-session low against a broadly firmer U.S. dollar on Thursday, after unexpectedly strong U.S. economic figures and a slump in base metals and gold prices. Analysts said the Aussie might come under more pressure in the near term, ... More About: Dollar , Sure , Fall , Falls
Daily Forex analysis - 17 MAY 2007
2007-05-17 08:16:00 Source: Easyforex U.S. Dollar Trading (USD) rallied broadly overnight having hit a one-week low against the Euro. With recent concerns of a slowing housing sector in the U.S., the dollar was supported by reports indicating stronger than expected growth at 1.528 mio (Prior: 1491 revised; Forecast: mio) for the month of April. Furthermore, Industrial Production also ... More About: Daily , Analysis , Forex , Dail , May 2007
Yen at 11-Week Low Against Dollar as Growth Cools, Rate on Hold
2007-05-17 07:31:00 By Ron Harui and Kosuke Goto Source: Bloomberg.com May 17 (Bloomberg) — The yen traded at the lowest in 11 weeks against the dollar as slowing economic growth is likely to keep the Bank of Japan from increasing borrowing costs until at least the fourth quarter. Japan’s currency was also close to a record low versus the euro ... More About: Dollar , Growth , Week , Again , Hold
USD Buoyed, JPY Drifts on GDP
2007-05-17 07:09:00 by Korman Tam Source: Forexnews.com At 2:00 AM Bank of Japan May Report At 7:00 AM Canada April CPI m/m (exp 0.3%, prev 0.8%) Canada April CPI y/y (exp 2.1%, prev 2.3%) Canada April core CPI m/m (exp 0.1%, prev 0.3%) Canada April core CPI y/y (exp 2.4%, prev 2.3%) At 8:30 AM US Weekly Jobless Claims (exp 310k, prev 297k) At 10:00 ... More About: Drift
Dollar Rebounded vs Euro
2007-05-16 22:41:00 by Yan Xu Source: Forexnews.com The greenback rebounded versus the euro after mixed US housing data and upbeat manufacturing reports eased worries over the nation’s economy. The euro dipped to 1.3508 after breaking a key support 1.3560 against the dollar. US housing starts rose at an annual rate of 1.528 million units in April, above the forecast of ... More About: Euro , Dollar , Bound , Doll
Dollar hits 3-month high vs yen on solid data
2007-05-16 22:11:00 By David McMahon Source: Reuters NEW YORK (Reuters) - The dollar rose for the first time in four sessions on Wednesday and hit a three-month high against the yen after reports showed unexpectedly strong growth in U.S. housing starts and industrial output last month. The solid economic data backed up a view that the U.S. economy is not ... More About: Dollar , Data , High , Hits , Solid
Dollar steadies after slide against euro
2007-05-16 08:32:00 By Satomi Noguchi Source: Reuters TOKYO, May 16 (Reuters) - The dollar steadied against the euro on Wednesday after falling on a report suggesting U.S. inflation was well-contained, which backed the view that the Federal Reserve could cut interest rates this year. The euro held its gains though, supported by expectations that euro-zone interest rates may keep rising. The ... More About: Euro , Dollar , Slide , Again , After
Yen Declines to Record Versus Euro as Yield Spread to Widen
More articles from this author:2007-05-16 08:29:00 By David McIntyre and Stanley White Source: Bloomberg.com May 16 (Bloomberg) — The yen declined to a record low against the euro for a second day as signs of weaker economic growth suggest the Bank of Japan is unlikely to raise interest rates anytime soon. The yield advantage on German two-year notes over Japanese equivalents rose to the ... More About: Euro , Versus , Record , Line , Lines 1, 2, 3, 4, 5, 6, 7 |
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