Posts Tagged ‘sun’
Exchange Rate: Week from Friday 30 October to Friday, November 6, 2009
Tags: dollar, euro, Exchange rate, exchange rates, gold, sun, yen
Exchange Rate: Week from Friday 23 to Friday October 30, 2009
Tags: dollar, euro, Exchange rate, exchange rates, sun, yen
Types of changes: Week of Friday 2 to Friday October 9, 2009
During the week we had a major depreciation of the dollar against major currencies and gold, except the yen. This was due to positive expectations about the end of the crisis, a faster economic recovery in countries outside the U.S. and England as well as an increase in interest rates more quickly in countries with more rapid recovery. They gave support to these expectations the increase in benchmark interest rate to 3.25% by the Reserve Bank of Australia, who considered passed the dangers of a recession and an emphasis on inflation risks. Meanwhile the European Central Bank kept its benchmark rate by 1%, and the Bank of England’s 0.5%.
Thus, in the week the dollar depreciated 1.03% against the euro and experienced a slight appreciation of 0.03% compared to the yen. The week ended with a record gold price of U.S. $ 1049.25 an ounce. Thus, so far year, we have a dollar decline of 5.24% and 1.25% against the euro and yen in the form in question. In terms of the last twelve months, the depreciation of the dollar is still 7.57% and 9.95%, against these currencies, respectively. Read the rest of this entry »
Tags: Australia's central bank, Banco Central de Reserva del Peru, Bank of England, dollar, euro, European Central Bank, Exchange rate, exchange rates, Geithener, Larry Summers, Obama, sun, yen
Types of Changes: Week from Friday 18 to Friday 25 September 2009
From beginning to end of the week the dollar appreciated slightly against the euro in a 0.11%, and significantly depreciated against the yen by 1.96%. By the middle of the week the dollar had been depreciating against the euro, reaching the exchange rate of 0.6761 euros per dollar, before recovering and closing the week at 0.6807 euros per dollar. Against the yen, the performance was asymmetric, the dollar appreciated in the first day of the week, then depreciate and close the week at 89.61 yen to the dollar.
Overall during the week had an exchange market was characterized by downward pressure of the American currency and worries about their future. This development keeps consistency with respect to the allegations in previous reports of this blog and is related to expectations recovery of the international economy and thus a lower risk aversion. This lower risk aversion falls on a quest for higher returns, which are taking place outside the market dollar. The dollar’s appreciation against the euro, in the final days of the week is explained by investors’ reaction to statements by the G-20 in Pittsburgh, about a possible withdrawal of monetary stimulus in the economy.
The downward trend of the U.S. currency is seen in so far this month, as in the last twelve months. Thus, so far in September, the dollar depreciated 2.39% against the euro and 3.77% in relation to yen. In the last twelve months, the dollar’s depreciation was 0.52% and 15.87% against the euro and yen in the form in question. Read the rest of this entry »
Tags: dollar, euro, Exchange rate, exchange rates, sun, yen
Exchange rates: Week from Friday 11 to Friday, 18 September 2009
During the week of 11 to 18 September, the dollar depreciated 0.9% against the euro appreciated 0.7% against the yen. Thus, so far this year, the dollar has accumulated a 5.4% depreciation against the euro and a 0.6% appreciation in the yen. By September 18 the dollar was $ 1.47 per euro, from 91.40 yen per dollar. In this context, increased its gold price by 0.13% during the week.
During the week we had favorable news about economic developments in the U.S., standing, estimates of growth of retail sales and industrial production growth. In this context, Ben Bernanke, Federal Reserve chairman, said on the possible end of the recession in the U.S. This statement had an impact negatively on the price of the dollar against various currencies, except the yen. These pressures for a lower value of the dollar occur as a result of tightening risk aversion by investors, in anticipation of the end of the crisis, as well as a greater concern regarding the future of the dollar, given the imbalances in the American economy and inflation expectations in this economy over the medium term. Read the rest of this entry »
Tags: dollar, Exchange rate, sun, yen
EXCHANGE RATES: Week from September 4 to 11
The dollar experienced significant declines against the euro, yen and gold, in the week ending Friday 11 September. The American currency has depreciated 1.9% against the euro, 2.47% against the yen and 1.15% with gold. At Friday 10, the euro traded at $ 1.4572 and the exchange rate with the yen was 90.73 yen per U.S. $. For the gold, the price of the precious metal passed the barrier of U.S. $ 1.000: U.S. $ 1005.85 to Friday 11.
The high depreciation of the U.S. currency, analysts said, is explained partly by investors bet a quick way out of recession by the rest of the world in relation to the United States. It is also influencing the differential financial performance against the dollar. The American interest rate is below that of Europe and Japan, generating a flow of capital from the dollar and into other currencies, affecting the price of the American currency. Read the rest of this entry »
