الثلاثاء، 31 يوليو 2012

Dollar vs. World counterparts varies in anticipation the outcome of the meeting of Central Bank policy

Forex trades had Broz-aldolarmtbainh higher against major currencies Monday, as markets were tense ahead of a series of global meetings of the Central Bank later this week, amid speculation that banks might announce further measures to support growth.

By mid-afternoon, the dollar rose against the euro, with the decline of the euro/dollar rate of 0.65 ٪ليسجل 1.2241.

The euro remained under pressure despite the fact that Italy has seen the return on bonds 10 years reduced by 6% for the first time since April in an auction of government debt earlier, noting that investors now Italian government debt as a safer investment.
After European Central Bank President Mario Draghi to do whatever is necessary to protect the eurozone collapse, raising expectations that the ECB will lower the costs of borrowing for heavily indebted countries such as Spain and Italy.

And German Chancellor Angela Merkel and French President Francois hollande to defend the euro, joint statement on Friday said it "is deeply committed to maintaining the safety of BA euro zone."
Market awaits outcome of fed policy on Wednesday, amid speculation over whether the Bank will make monetary stimulus measures.

The dollar also rose against the pound, with the decline of GBP/USD ratio 0.27 1.5703 ٪ليجل.

Official data showed that mortgage approvals had fallen to the lowest level in 18 months in June, while a separate report showed that net lending grew at slower rate in 12 months in July, underscoring concerns about a weak economy.

The data came after data last week showed that the economy of the United Kingdom reduced significantly more than expected in the second quarter.

Elsewhere, the dollar's decline against the yen, with the decline of the USD/JPY rate of 0.33% to score, but rose 78.21 against the Swiss franc, the dollar/franc rises by 0.62% to deliberate upon 0.9812.

Earlier in the day, preliminary data showed that industrial production in Japan fell unexpectedly in June, 0.1% after a decline of 3.4% in the previous month.

Aldolarmtbainh trades were versus Canadian counterparts, Australian and New Zealand, with a higher Canadian dollar/0.13% to 1.0044, and the high Australian/aldolarbensbh 0.11% to score New Zealand/1.0495 and undo USD 0.007% of traded when 0.8088.

In New Zealand, official data showed that building approvals rose by 5.7% in June, after falling by 7.2% in the previous month.

In the meantime, industry data showed that sales of new homes in Australia rose by 2.8% in June, after increasing 0.7% in the previous month.

The dollar index, which measures the greenback's performance against a basket of six other major currencies, at 0.37% to 82.98.

Investors awaited the results of the meeting of the Federal Reserve Board on Wednesday, amid speculation over whether the Bank would insinuates work other mitigation measures.

Later on the same day, the US Treasury Secretary Timothy Geithner to meet with wolfgand shoibelh German Finance Minister and Central Bank Chief Mario Draghi to discuss the development of the world economy

0 التعليقات:

إرسال تعليق