Philip Chua Business Blog

Posts Tagged ‘currencies’

The dollar traded mixed on Friday, higher against the yen but lower versus the commodity currencies as risk appetite rose. Federal Reserve Chairman Ben Bernanke said the Fed is prepared to provide additional unconventional stimulus measures if needed. US GDP growth slowed less than expected in Q2 2010. The S&P

The Japanese yen relinquished some of its recent strength versus the greenback in the Wednesday session, shedding almost 1%. Meanwhile, the major currencies were marginally higher against the dollar, with the British pound edging up by 0.35%. US equities also recouped from earlier losses, finishing slightly higher as the Dow

U.S. Dollar Trading (USD) was mixed once again ending slightly stronger against risk currencies as US equities failed to hold onto intraday gains. Weekly Crude Oil Inventories fell -0.8m vs. -3m previously. In US stocks, DJIA +9points closing at 10415, S&P +1 points closing at 1093 and NASDAQ +6 points

U.S. Dollar Trading (USD) investor appetite for riskier assets pushed the USD lower against the commodity currencies on Friday as Oil and Gold rallied. Data was mixed with Q2 GDP at 2.4% vs. 2.5% forecast being offset by strong Chicago PMI at 62.3 vs. 59.1 previously. In US stocks, DJIA

The USD put in a mixed performance against other key currencies, losing some ground against the EUR, but gaining some ground against the JPY. The common theme appeared to be further reduction in risk positioning, with a number of moves coming as a result of 'risk on' positions being squeezed

U.S. Dollar Trading (USD) remained on the weak side as stocks and most currencies pushed higher into the weekend overcoming weak US Retail Sales data. May Retail Sales slumped -1.2% vs. +0.2% forecast. The data was countered however by a rise in US Consumer Confidence to a 2 year high