Posts Tagged ‘commodity’

Euro under pressure as risk aversion flares

by Forex Rooton April 18, 2013 6:09 am BST
The euro nursed heavy losses early in Asia on Thursday, having suffered its biggest one-day fall in nearly a year on talk of more easing by the European Central Bank, while commodity currencies remained under pressure as risk sentiment took a further dive. The common currency was at $1.3033, little changed from late trade in […]

Aussie dollar drops after China GDP, dollar loses out against yen

by Forex Rooton April 15, 2013 6:59 am BST
Commodity-linked currencies were pummelled on Monday after data showed Chinese growth unexpectedly faltered in the first quarter, while the yen firmed after the United States said it would watch Japan’s policies to ensure it was not manipulating its currency. The Aussie slipped 0.6 percent to $1.0439 after the annual rate of growth in China, Australia’s […]

Japan election result knocks vulnerable yen

by Forex Rooton December 17, 2012 11:00 am BST
The yen fell to its lowest in more than a year and a half versus the dollar on Monday after a landslide election victory for Japan’s Liberal Democratic Party, which is committed to aggressive monetary easing. The LDP’s victory will propel ex-Prime Minister Shinzo Abe – who has called for “unlimited” monetary easing, an increase […]

XAUUSD Drops for Third Day; ETP Record

by Forex Rooton December 17, 2012 7:38 am BST
Gold declined for a third day as the dollar’s strength damped demand for alternative investments, countering record investor holdings in exchange-traded products. Silver climbed from a one-month low. Spot gold fell as much as 0.4 percent to $1,689.15 an ounce, before trading at $1,691.20 at 1:19 p.m. in Singapore. Bullion dropped to a one-month low […]