The South African rand was weaker today as analysts speculated that the nation’s central bank will keep interest rates unchanged at today’s monetary policy meeting. The rand rebounded currently.(…)Read the rest of Rand Weakens as No Change to Monetary Policy Expected, Rebounds (72 words) Posted on Forex News. Read More Rand Weakens as No Change to Monetary Policy Expected, Rebounds
Thursday saw risk assets ride a much needed relief rally as a continuing stream of encouraging US data soothed sentiments. While weekly jobless claims edged higher to 381k vs. expected 375k, Chicago PMI printed better at 62.5 for December vs. expected 61 and Pending Home Sales jumped +7.3% in November Read More Risk Rebounds
The Indian rupee rebounded today after seven sessions of decline on the speculation that the central bank will intervene to stem the currency’s losses, but resumed its drop later.(…)Read the rest of Rupee Rebounds as Central Bank Supports Currency, But Falls Again (62 words) Posted on Forex News. Read More Rupee Rebounds as Central Bank Supports Currency, But Falls Again
The Indian rupee climbed today after the previous decline as the currency’s weakness spurred the speculation the central bank will intervene to support the currency and trim the inflation.(…)Read the rest of India’s Rupee Rebounds on Inflation Pressure (63 words) Posted on Forex News. Read More Indias Rupee Rebounds on Inflation Pressure
The euro regained its footing today on the speculation the European policy makers will increase the rescue fund to help in battle with the debt crisis.(…)Read the rest of Euro Rebounds as EU Plans Boost of Bailout Fund (64 words) Posted on Forex News. Read More Euro Rebounds as EU Plans Boost of Bailout Fund
The AUD was under pressure as the RBA was dovish on the global turmoil and noted the next Interest rate move would come from Q3 inflation data. The central bank of Australia held at 4.75%. The AUD/USD did well in the ‘risk on’ rally trade later in the … 37 Vote(s) Read More EURO Rebounds, [...]
The US non-farm payrolls grew almost two times of the forecast value, supporting the optimistic outlook for the US employment caused by the ADP report earlier this week. The US dollar fell after the payrolls were released, but currently regained its strength.(…)Read the rest of USD Falls After Non-Farm Payrolls, Rebounds (85 words) Posted on Forex News. Read More USD Falls After NonFarm Payrolls, Rebounds
The US non-farm payrolls grew almost two times of the forecast value, supporting the optimistic outlook for the US employment caused by the ADP report earlier this week. The US dollar fell after the payrolls were released, but currently regained its strength.(…)Read the rest of USD Falls After Non-Farm Payrolls, Rebounds (85 words) Posted on Forex News. Read More USD Falls After NonFarm Payrolls, Rebounds
The euro rebounded from yesterday’s drop to the eight-month low after global stocks advanced as the leaders of the Group of Twenty nations meet in Washington.(…)Read the rest of Euro Rebounds as Stocks Rises on Hopes for G-20 Meeting (53 words) Posted on Forex News. Read More Euro Rebounds as Stocks Rises on Hopes for G20 Meeting
The Australian dollar pared its two-day decline as the leaders of the Group of Twenty nations pledged to resolve the problems of the global economy and prevent another worldwide financial crisis.(…)Read the rest of Australian Currency Rebounds, Down Over Week (128 words) Posted on Forex News. Read More Australian Currency Rebounds, Down Over Week
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