Euro Plunged Coming to G-20 Meeting

24 April 2010

Euro exchange rate against the U.S. dollar (U.S.) mired near its lowest level in the last year.The reason, officials speculated market countries G-20 would express concern about the debt crisis that threatens Greece in the global economic recovery pertemuanG-20 in Washington DC, USA, today.

Blue continental currencies is even a currency slumped against 16 countries that have become trade partners. After the European Union to increase the prediction of a deficit of Greece and Moody’s cut its debt rating of the country, the exchange rate of euro against the yen continues turun.Nilai euro exchange rate against the yen in Tokyo morning trade slipped 0.69% from 124.28 yen per euro to 123, 42 yen per euro. Meanwhile, the euro exchange rate against the U.S. dollar fell 0.59% from U.S. $ 1.3295 per euro to U.S. $ 1.3216 per euro.

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The yen strengthened

24 April 2010

Japan’s currency exchange rates or the yen against the U.S. dollar (U.S.), more muscular.Trade until 10:04 o’clock am, the yen gained 0.02% to a level of 93.47 yen per U.S. dollar.
Recovery of economic growth in Asia and the strengthening of the U.S. economy managed to maintain Japan’s exports continued to rise. Last March, Japan’s exports soared 43.5% compared to exports in March 2009.
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Dollar Will the Mighty?

10 April 2010

The Federal Reserve has issued a decision to raise the discount rate the Fed provided emergency loans to banking by 25 basis points to 75 basis points. By the Fed, this step is said not as a monetary policy tightening measures, because the Fed will not raise its main interest rate. The Fed said this step to encourage banks to borrow from private institutions, no longer from the Fed. This will absorb excess liquidity circulating in the financial markets so far. So if the excess liquidity that has been a pillar of market movements withdrawn, will cause a correction in the stock exchanges and other risky assets.

Market participants also saw this move as a square off the Fed to consider tightening monetary policy that resulted in U.S. dollar sentiment hunting.
Market participants will get out of risky assets and to high yield currencies such as EUR, GBP, AUD, the stock market and calculate the re-investment.
Viewed from the strength of the dollar index, the index of the dollar in recent weeks is in up trend and a little stuck on level resistennya around 80.00.
And after this news came out, the dollar index broke through the 80.00 level in areas such resistennya, and the possibility of this level will be the support level in the short term, so strengthening the dollar will likely still survive next week.

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