Tuesday,
14 July 2009,
01:28 GMT
AceTrader
by AceTrader Research Team
Market Review by AceTrader.com
Market Review - 13/07/2009 22:03 All times in GMT
Dollar and yen drop as rally in U.S. stock markets encourages for high-yielding assets
http://www.acetraderfx.com
Dollar
and yen declined versus a basket of currencies on Monday as U.S.
corporate earnings were not as weak as initially feared sparked a
strong rebound in U.S. and European stock markets. Stocks were enjoying
their best rally since June 25 after an influential bank analyst,
Meredith Whitney, upgraded Goldman Sachs to “buy” from “neutral”. She
also stated that Bank of America Corp. and JPMorgan Chase & Co
could do well in the second quarter. In addition, U.S. Treasury
Secretary Timothy Geithner said on Monday that there was a good chance
the U.
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Friday,
10 July 2009,
00:53 GMT
AceTrader
by AceTrader Research Team
Market Review by AceTrader.com
Market Review - 09/07/2009 22:02 All times in GMT
Dollar and yen fall across the board on long liquidation and improved risk appetite
http://www.acetraderfx.com
Dollar
fell versus a basket of currencies and the Japanese yen gave up some of
its recent gains on Thursday as risk appetite improved, with the number
of Americans filing for initial jobless benefits fell, easing concerns
over the U.S. economy and encouraged demand for higher-yielding assets.
Chinese State Councillor Dai Bingguo on the second day the three-day
G-8 summit unequivocally called for the world to diversify the reserve
currency system in order to have relatively stable exchange rates but
he did not name the dollar directly.
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