Market news
27.12.2010, 19:38

American focus: the risk sentiment has fallen.

The dollar touched a three-week low against the yen after China raised interest rates for the second time in just more than two months to contain inflation, boosting demand for refuge. The Australian and New Zealand dollars weakened against most of their major counterparts as China’s rate increase damped the outlook for spending in one of the biggest export markets for commodities from the two South Pacific countries. The euro gained against 14 or its 16 most-traded counterparts after failing to break through a technical level. “A lot of the countries that are associated with China are down slightly on the concern that China is going to continue to hike interest rates,” said Andrew Busch, a global currency strategist at Bank of Montreal in Chicago. “There’s a mild risk-off move and people are buying yen.” The Reuters/Jefferies CRB Index of raw materials dropped 0.3 percent and the Standard & Poor’s 500 Index fell 0.2 percent.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location