The EUR/USD has given back some of its earlier gains but remains positive for the day and on track to test the upper bound of the current range. Support for the single currency could be due to a brighter outlook for yields on the back of ECB President Trichet’s comments at the Jackson Hole Conference, where he called for an end of stimulus efforts from governments.
On September 1, 2010, In Currency news by admin
On August 28, 2010, In Currency news by admin
The Euro and British Pound have benefitted from a return of risk appetite where both currencies have made gains against their safe haven counterparts. However, the single currency has outshined the sterling as it maintains a stronger relationship with risk and is also benefitting from rising yield expectations.
On August 25, 2010, In Currency news by admin
The British Pound has fallen out of favor with traders as concerns grow that the austerity measures underway by the new coalition government will stall growth going forward. A dimming picture for the global economy has added to the bearish sterling sentiment especially against safe-haven currencies.
On August 20, 2010, In Currency news by admin
The New Zealand dollar erased the majority of its gains on the week today weighed by dovish comments from RBNZ Governor Bollard and disappointing U.S. data. Weaker than expected manufacturing data and a rise in initial jobless claims above a half million, sparked a flight to safety, punishing the high yielder.
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