Market news
24.12.2010, 08:29

Forex: Thursday's review

The dollar fell against the yen for a fourth straight day in the longest stretch of declines in more than two months as reports showed the U.S. economic recovery is gathering pace, fueling demand for the Japanese currency to fund investments in growth.
The U.S. currency weakened against its Australian and New Zealand counterparts as orders for capital equipment rose in November and initial unemployment insurance claims fell in the latest week, a signal the world’s largest economy is speeding up. The euro erased losses against the dollar and the Swiss franc weakened on speculation the Swiss National Bank had intervened to curb the strength of the nation’s currency. A spokesman for the central bank declined to comment.
The British currency rebounded from near a three-month low after BOE Markets Director Paul Fisher told the Daily Telegraph the U.K.’s borrowing costs will “head back to a normalized position” of 5 percent.
The yen gained for a fourth day versus the dollar, its longest streak since Oct. 8, on signs China is taking more measures to cool growth.
New Zealand’s currency surged as Finance Minister Bill English said the nation’s economic expansion will accelerate next year.

EUR/USD: the pair shown low in the field of $1,3060 then become stronger.

GBP/USD: the pair bargained within the limits of $1,5370-$ 1,5430.

USD/JPY: on results of yesterday's session the pair decreased below mark Y83,00.

Today is no data

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