The GBP/USD is currently down to 1.5802. The Sterling fell against the dollar today, after comments from Bank of England member Adam Posner. Posner indicated that there could be a circumstance where the BoE institute a stimulus package of 75billion pounds as the UK economy is facing difficulty. Mr. Posner did not elaborate.
The USD gathered strenght through out the day on positive economic data and reports regarding Greece. At this writing it is the most confusing news, which can not be interpreted. Juncker says one thing, Rehn says something different and new reports are completely different.
European officials dashed hopes of a fast settlement between Greece and its private bondholders due to the opposition of some of the Greek political leaders towards additional spending cuts demanded by the lenders as well as a disagreement between the IMF and Germany on the involvement of the ECB in the bond swap.
Federal Reserve Chairman Ben Bernanke testified before congress today. His remarks were short and to the point. He basically reiterated the FOMC statements of last week, maintaining a cautious tone on the U.S. outlook that interest rates are likely to remain near zero until at least through late 2014.
The rupee hit a three-month high on Thursday, encouraged by gains in domestic equities, and after manufacturing data in China and Germany boosted investor appetite in high-yielding emerging market assets.
The BSE Sensex rose 0.8 percent on Thursday to its highest close in nearly three months after strong manufacturing data in India and other major economies from China to Germany eased growth concerns and bolstered risk appetite.
During late New York trading on Thursday, the Japanese yen showed weakness against its US counterpart. At present, the yen is trading near 76.25 versus the greenback from previous session's high of 76.06.The material has been provided by Instaforex Company - instaforex.com
The Greenback was supported by an unexpected drop in jobless claims last, but pared its gain against most of its peer amid mixed sentiments, after stocks gained this morning and treasuries, spurring the appeal for higher-yielding assets.The U.S Department of Labor reported today that applications fo.
v US weekly jobless claims registered better than expected at 367k, the lowest since June '08; Fed Chairman Bernanke hints at further monetary easing; v EUR remains well supported despite signs that Greek debt talks may be stalled and as European officials raise concerns that the region'...
NASDAQ UP 11.24 POINTS, OR 0.39 PERCENT, AT 2,859.51 AT MKT CLOSE The material has been provided by Instaforex Company - instaforex.com