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Analytics, News, and Forecasts for CFD Markets: currency news — 28-08-2012.
The euro rose for the first time in three days against the dollar after the European Union President Herman Van Rompuy said that the rescue fund in the region ready for quick action to help Spanish banks. At the same time, the Prime Minister of Spain said that Spanish banks will need help in the amount of at least 100 billion euros on the most pressing problems.
The single currency rose from one-week low against the yen after European Central Bank President Mario Draghi has canceled his trip to the annual symposium in Jackson Hole. Also today it was announced that Spain sold three-month and six-month treasury bills for a total of 3.607 billion euros against the planned 2.5-3.5 billion euro on speculation that the European Central Bank is preparing measures to combat the debt crisis.
The New Zealand dollar fell against most major currencies after the dairy exporter Fonterra Cooperative Group has cut its forecast for the payments to farmers.
The Australian dollar touched its lowest level in a month after data added concerns that global economic growth will weaken. Also today, it was reported that new home sales in Australia fell in July for the first time in four months. But the loss of Australian and New Zealand dollar will likely be limited to speech Fed Chairman Ben Bernanke at a symposium in Jackson Hole.
The dollar index, which tracks the dollar against six major currencies, the U.S., fell 0.2% to 81.479. The index fell to 81.221 on August 23, its lowest level since Aug. 20.
Canada's dollar rose against its U.S. counterpart on the background of the situation with the supply of oil. Currency strengthened as oil reserves are projected to fall at a time when the tropical storm Isaac went to the Gulf of Mexico. As the situation exacerbated by the fire at the largest refinery in Venezuela. The Canadian dollar was up against the New Zealand dollar as the currency weakened on speculation that the Chinese economy might lapse.
The pound weakened against the euro for the first time in three days on speculation that falling house prices will push the economy deeper into recession, increasing the likelihood that the Bank of England will buy more assets to stimulate economic growth.
EUR/USD $1.2300, $1.2305, $1.2500, $1.2505, $1.2525,
USD/JPY Y78.50, Y79.00
EUR/JPY Y97.35, Y96.50
GBP/USD $1.5750, $1.5770, $1.5775, $1.5780, $1.5800
AUD/USD $1.0375, $1.0450Data
01:00 Australia HIA New Home Sales, m/m July +2.8% -5.6%
06:00 Switzerland UBS Consumption Indicator July 1.60 1.55
06:00 Germany Gfk Consumer Confidence Survey September 5.9 5.8 5.9
07:15 Switzerland Employment Level Quarter II 4.05 4.04 4.07
07:15 Switzerland Full time employment level Quarter II 2.79 2.81
08:00 Eurozone M3 money supply, adjusted y/y July +3.2% +3.3% +3.8%
The euro rose for the first time in three days against the dollar after Spain sold three-month and six-month treasury bills for a total of 3.607 billion euros against the planned 2.5-3.5 billion euro on speculation that the European Central Bank is preparing measures to combat debt crisis.
The single currency rose from one-week low against the yen as Spanish Prime Minister Mariano Rajoy prepares to meet with the president of the European Union, Herman Van Rompuy, in an attempt to address the funding of the country.
The pound weakened against the euro for the first time in three days on speculation that falling house prices will push the economy deeper into recession, increasing the likelihood that the Bank of England will buy more assets to stimulate economic growth. The Government's report, which was released on August 24 showed that UK GDP fell by 0.5%, compared with a fall of 0.7%, which was discussed on July 25, showing at the same time the longest decline since 2009. At the same time, the trade balance has decreased by 1% of GDP.
The Australian dollar touched its lowest level in a month after data added concerns that global economic growth will weaken. Also today, it was reported that new home sales in Australia fell in July for the first time in four months. But the loss of Australian and New Zealand dollar will likely be limited to speech Fed Chairman Ben Bernanke at a symposium in Jackson Hole.
EUR/USD: during the European session, the pair rose to a high of $ 1.2560, and then stepped back a bit from the reached values
GBP/USD: pair shows a slight increase, and is trading at the opening of the day
USD/JPY: pair set high at Y78.71, but then declined and is now at Y78.57
At 13:00 GMT the U.S. will index of housing prices in 20 major cities nationwide composite price index of the S & P / CaseShiller for June. At the same time, become aware of any change price index S & P / Case-Shiller U.S. in the second quarter. At 14:00 GMT the U.S. will release the consumer confidence indicator for August. At 20:30 GMT the U.S. to account for changes in the volume of crude oil, according to the API for August
EUR/USD
Offers $1.2610, $1.2600, $1.2590, $1.2570
Bids $1.2525/20, $1.2505/00, $1.2450, $1.2430
AUD/USD
Offers $1.0470/80, $1.0450, $1.0420, $1.0400, $1.0390
Bids $1.0350, $1.0330, $1.0320, $1.0300
EUR/JPY
Offers Y99.50, Y99.20, Y99.00
Bids Y98.25/20, Y97.80, Y97.75/70, Y97.50
USD/JPY
Offers Y79.20, Y79.00, Y78.90, Y78.75/80
Bids Y77.90, Y77.80
EUR/USD $1.2300, $1.2305, $1.2500, $1.2505, $1.2525,
USD/JPY Y78.50, Y79.00
EUR/JPY Y97.35, Y96.50
GBP/USD $1.5750, $1.5770, $1.5775, $1.5780, $1.5800
AUD/USD $1.0375, $1.0450
01:00 Australia HIA New Home Sales, m/m July +2.8% -5.6%
The yen strengthened against most of its major peers after Japan cut its economic assessment and as analysts forecast Spanish data will confirm gross domestic product contracted for a third consecutive quarter. Japan’s government downgraded its assessment of the world’s third-biggest economy for the first time in 10 months. Risks include a “further slowing down of overseas economies and sharp fluctuations in the financial and capital markets,” the Cabinet Office said in a monthly report today.
The Dollar Index (DXY) remained higher following a two-day advance before Federal Reserve Chairman Ben S. Bernanke speaks on Aug. 31 at a conference in Jackson Hole, Wyoming. A gauge of U.S. consumer confidence probably rose to 66 in August, the highest since April, from 65.9 last month, a separate poll of economists showed. The Conference Board is scheduled to release the data today.
New Zealand’s dollar, also known as the kiwi, weakened for a second day against the yen. The payout to farmer shareholders in the year ending May 2013 will be 13 percent less than a year earlier, according to a statement today from Auckland-based Fonterra, the world’s largest dairy exporter.
EUR / USD: during the Asian session the pair fell updating week's low.
GBP / USD: during the Asian session the pair fell to $ 1.5750.
USD / JPY: during the Asian session the pair fell to Y78.50.
Yesterday the euro rose against most major currencies after data released showed that the index of current conditions IFO fell less than some economists predicted, suggesting that the region's largest economy can withstand the sovereign debt crisis. Other submitted data for Germany were slightly below expectations, but in spite of this, the euro rose.
The single currency traded near a seven-week high against the dollar after German Finance Minister Wolfgang Schaeuble said that Germany and France will create a working group to improve the financial and monetary union in the region.
Pound traded in a narrow range, as financial markets in the UK were closed for an official holiday.
The Canadian dollar strengthened against the dollar and rose against most other major currencies, as well as among investors increased appetite for higher-yielding assets.
The Australian dollar touched its lowest level in a month, extending a two-week decline, as concern about global economic growth is the increased demand for higher-yielding assets.
Demand for Currency Australian and New Zealand was supported after Federal Reserve Chairman Ben Bernanke said that "there is scope for further action by the Federal Reserve to ease financial conditions and strengthen recovery".(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2497 -0,11%
GBP/USD $1,5788 -0,13%
USD/CHF Chf0,9608 +0,12%
USD/JPY Y78,74 +0,13%
EUR/JPY Y98,41 +0,46%
GBP/JPY Y124,33 -0,02%
AUD/USD $1,0360 -0,41%
NZD/USD $0,8083 -0,33%
USD/CAD C$0,9904 -0,19%
01:00 Australia HIA New Home Sales, m/m July +2.8% -5.6%
06:00 United Kingdom Nationwide house price index August -0.7% +0.2%
06:00 United Kingdom Nationwide house price index, y/y August -2.6% -2.2%
06:00 Switzerland UBS Consumption Indicator July 1.60
06:00 Germany Gfk Consumer Confidence Survey September 5.9 5.8
07:15 Switzerland Employment Level Quarter II 4.05 4.04
07:15 Switzerland Full time employment level Quarter II 2.79
08:00 Eurozone M3 money supply, adjusted y/y July +3.2% +3.3%
13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y June -0.7% -0.3%
14:00 U.S. Consumer confidence August 65.9 65.8
14:00 U.S. Richmond Fed Manufacturing Index August -17 -1
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