12/4/2007 11:47:53 AM With trader concerns over global credit markets, the yen made gains on the major currencies in Tuesday morning New York trading.
The yen rose against the dollar in early morning trading before leveling off around 7:00 a.m. Eastern Time. The yen hit a multi-day high of 109.54 at 9:30 a.m. working its way back to November's multi-year high.
The yen climbed versus the euro Tuesday morning before retreating back into a range between 161.55 and 162.09. The yen had spiked up to 160.91 at 5:00 a.m. Eastern Time before paring back its gains.
The yen jumped versus the pound after Monday's uncertain trading. The yen sprang up to 226.10 at 5 a.m. E.T. after hitting a daily low of 227.93. The yen has leveled off around 226.00 near a multi-day high.
Japan's monetary base rose 1% year-on-year in November to 87.16 trillion yen, a report from the Bank of Japan showed Tuesday. A year ago, the monetary base fell 22.3%. The seasonally adjusted monetary base grew 0.5% year-on-year in November, smaller than the 2.4% registered in October.
Forex - Loonie Pares Some Of Its Early Losses As Traders Continue To Assess BOC Rate Cut [USD/CAD]
12/4/2007 11:22:56 AM The loonie pared its early losses against the dollar in late morning dealing, rebounding to 1.01 from a 2-month low of 1.0150. The loonie fell sharply shortly after 9 am ET when the Bank of Canada revealed it is lowering its target for the overnight rate by a quarter point to 4.25 percent.
The Bank of Canada was under pressure from manufacturers to devalue the loonie by lowering interest rates. The loonie rallied to a modern-era record high near .90 a few weeks back, but fell from there amid indications its rally was overdone.
Forex - New Zealand Currency Mixed Versus World Counterparts Tuesday []
12/4/2007 10:53:43 AM The New Zealand currency was mixed against the world majors in trading on Tuesday midday in New York. The kiwi moved as the Centre for Independent Studies reported that the average Australian earns more than their New Zealand counterpart.
The New Zealand currency was choppy against its American counterpart in trading on Tuesday. By the midday, the kiwi had bounced between a high of 0.7650 and below 0.7600. The pair moved with no major economic reports scheduled for release in the US. Wednesday, revised productivity for the third quarter is scheduled for release, along with October factory orders and November's ISM services index.
The New Zealand currency was weak in trading against the euro on Tuesday. By the midday, the kiwi had slipped past the 1.9330 mark. The currencies traded as the Eurostat announced that industrial producer prices rose 0.6% from the prior month in October, larger than the 0.4% in September. Economists had expected producer price inflation to climb at the same pace of 0.4% in October.
In trading against the sterling on Tuesday, the New Zealand currency saw choppy action. The kiwi moved between slightly above a high of 2.6950 and below 2.710 into the midday. The U.K.'s CIPS/NTC Purchasing Managers' Index in the construction sector dipped to 54.3 in November from 57.4 in October. The index eased to a fourteen month low.
Versus the Japanese currency, the New Zealand kiwi saw some weakness. The decline brought the kiwi below 83.40 in the midday, though it had recovered slightly as trading progressed. The pair moved as it was announced that Japan's monetary base rose 1% year-on-year in November to 87.16 trillion yen. A year ago, the monetary base fell 22.3%. The seasonally adjusted monetary base grew 0.5% year-on-year in November, smaller than the 2.4% registered in October.
A Centre for Independent Studies report showed Tuesday that the average Australian earns $12,000 a year more than the average New Zealander. According to TV NZ, researcher Phil Rennie said the gap is getting bigger and it has nothing to do with Australia's relative size. Rennie says government interference, over-regulation and high taxes are the main hurdles. New Zealand is now the highest-taxed English-speaking nation in the OECD, he added. According to Rennie, Australia has had tax cuts for the past five years, while New Zealand has increased its taxes, the TV NZ said.
Source : http://www.rttnews.com/FOREX/Currency_mkt.asp?date=12/04/2007&item=67
The yen rose against the dollar in early morning trading before leveling off around 7:00 a.m. Eastern Time. The yen hit a multi-day high of 109.54 at 9:30 a.m. working its way back to November's multi-year high.
The yen climbed versus the euro Tuesday morning before retreating back into a range between 161.55 and 162.09. The yen had spiked up to 160.91 at 5:00 a.m. Eastern Time before paring back its gains.
The yen jumped versus the pound after Monday's uncertain trading. The yen sprang up to 226.10 at 5 a.m. E.T. after hitting a daily low of 227.93. The yen has leveled off around 226.00 near a multi-day high.
Japan's monetary base rose 1% year-on-year in November to 87.16 trillion yen, a report from the Bank of Japan showed Tuesday. A year ago, the monetary base fell 22.3%. The seasonally adjusted monetary base grew 0.5% year-on-year in November, smaller than the 2.4% registered in October.
Forex - Loonie Pares Some Of Its Early Losses As Traders Continue To Assess BOC Rate Cut [USD/CAD]
12/4/2007 11:22:56 AM The loonie pared its early losses against the dollar in late morning dealing, rebounding to 1.01 from a 2-month low of 1.0150. The loonie fell sharply shortly after 9 am ET when the Bank of Canada revealed it is lowering its target for the overnight rate by a quarter point to 4.25 percent.
The Bank of Canada was under pressure from manufacturers to devalue the loonie by lowering interest rates. The loonie rallied to a modern-era record high near .90 a few weeks back, but fell from there amid indications its rally was overdone.
Forex - New Zealand Currency Mixed Versus World Counterparts Tuesday []
12/4/2007 10:53:43 AM The New Zealand currency was mixed against the world majors in trading on Tuesday midday in New York. The kiwi moved as the Centre for Independent Studies reported that the average Australian earns more than their New Zealand counterpart.
The New Zealand currency was choppy against its American counterpart in trading on Tuesday. By the midday, the kiwi had bounced between a high of 0.7650 and below 0.7600. The pair moved with no major economic reports scheduled for release in the US. Wednesday, revised productivity for the third quarter is scheduled for release, along with October factory orders and November's ISM services index.
The New Zealand currency was weak in trading against the euro on Tuesday. By the midday, the kiwi had slipped past the 1.9330 mark. The currencies traded as the Eurostat announced that industrial producer prices rose 0.6% from the prior month in October, larger than the 0.4% in September. Economists had expected producer price inflation to climb at the same pace of 0.4% in October.
In trading against the sterling on Tuesday, the New Zealand currency saw choppy action. The kiwi moved between slightly above a high of 2.6950 and below 2.710 into the midday. The U.K.'s CIPS/NTC Purchasing Managers' Index in the construction sector dipped to 54.3 in November from 57.4 in October. The index eased to a fourteen month low.
Versus the Japanese currency, the New Zealand kiwi saw some weakness. The decline brought the kiwi below 83.40 in the midday, though it had recovered slightly as trading progressed. The pair moved as it was announced that Japan's monetary base rose 1% year-on-year in November to 87.16 trillion yen. A year ago, the monetary base fell 22.3%. The seasonally adjusted monetary base grew 0.5% year-on-year in November, smaller than the 2.4% registered in October.
A Centre for Independent Studies report showed Tuesday that the average Australian earns $12,000 a year more than the average New Zealander. According to TV NZ, researcher Phil Rennie said the gap is getting bigger and it has nothing to do with Australia's relative size. Rennie says government interference, over-regulation and high taxes are the main hurdles. New Zealand is now the highest-taxed English-speaking nation in the OECD, he added. According to Rennie, Australia has had tax cuts for the past five years, while New Zealand has increased its taxes, the TV NZ said.
Source : http://www.rttnews.com/FOREX/Currency_mkt.asp?date=12/04/2007&item=67
Tidak ada komentar:
Posting Komentar