Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
Архивы рубрики ‘Currency news’
Dollar exchange rate remains in the green zone against weakening euro. Pound does not lose hope and opposes the dollar more than confident. Analysts and foreign exchange experts see prospect of the pound’s further recovery.
UBS AG (NYSE: UBS) did not believe in the Australian dollar. Australian dollar showed growth last week, as Australia announced a record trade surplus thanks to strong demand for coal and iron from China.
Euro to dollar exchange rate fell below 1.2800 to 1.2785 near the mark previously set minimum at 1.2777. Bids located on the way to 1.2770, stops below. Dollar could climb even higher next week, – the experts say.
Barclays PLC (LON: BARC) is the banking sector leader in the UK stock market trading. Barclays (LON: BARC) shares came close to 313.50 points, gaining +3.95 (1.28%).
Euro / Pound made its’ way above the mark stg0.8340 and as a result of the execution stops continued growth to stg0.8342. Rising dynamics of couples have a negative effect on the pound / dollar, which fell below $ 1.5800.
Currency exchange rates are euro oriented today. CFTC recent report showed that the trend observed since early June, was preserved, and speculative accounts continued rebalansirovat its exposure to the euro, resulting in a net short position in futures in the single European currency reached the lowest level since December last year and as of August 3 totaled 7,297 contracts after 21,339 contracts a week earlier.
The euro exchange rate started to rise from the bottom. After seven months of nonstop decline of the euro / dollar, finally, closed with a surplus in July amid falling concerns about the crisis of European sovereign debt and the extent of its influence on the global recovery.
The dollar exchange rate continues to decline. Commerzbank currency strategists believe that the period of positive data on the Eurozone and disappointing data on the U.S. came to an end, resulting in a reversal in a pair euro / dollar.
Pound / Yen begins a new day in trying to continue to decline, but any encounter good demand near Y135.85, a currency strategist at Citigroup recommended to consider the weakening of both the correction promising bulls bright.