Forex
Diverse US fundamentals supported the demand growth for the high-risk currencies
By Forex-Metal
Euro: On Thursday we saw the demand growth for the high-risk currencies. Some reduced pressure from the problems in Greece resulted in the euro strengthening.
And the EUR/USD pair managed to reach its maximums in the range of $1.3690.
US Dollar: Diverse US fundamentals were published on Thursday. The number of the initial jobless claims decreased in comparison with the previous value: its factual level of 462 thousand against the previous level of 469 thousand. At the same time, the unexpected reduction of the US export and import had a negative impact on the American dollar.
British Pound: According to the released report of the Bank of England, the yearly inflation growth for 2.5% in Great Britain is expected. As a result, the sterling reacted with an increase against its competitors.
And the GBP/USD pair set its maximum at the level of $1,5060.
Japanese Yen: The USD/JPY pair traded in the range of Y90.20-Y90.70.
New-Zealand Dollar: The Reserve bank of the New Zealand left the principal rate unchanged at the previous level of 2.5%, which was published on Wednesday. The New-Zealand dollar reacted with a decrease against the American dollar.
Swiss Frank: The National bank of Switzerland left the principal rate at the level of 0.25%, and the Swiss frank dropped against the euro.
Oil: The oil rate grew a little and traded in the range of $81.85 per barrel.
Gold: The gold prices also grew and consolidated in the range of $81.84 per ounce.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginners Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011
