Short-term bounce for rates of dollar in long-term decline

In these times, we can see different fundamental concerns weighing on the dollar's health by looking out over different time frames. The currency traders are almost completely concerned with risk appetite through the short-term period. The benchmarket rate of US Dollar has leveled off, or what we call as the three month Libor. But on the Japanese and Swiss counterparts, it's still a discount.


Source: http://www.dailyfx.com/story/topheadline/Dollar_Looks_to_Rates_for_1254959750448.html

Euro and Pound in Range; A brighter economic outlook for Asian markets

Today, we learn how forex market has changed a lot daily especialy on Asian markets. After two days of declines, Asian markets advanced on a strong pace today. The risk appetite has increased after the belief of an investor strengthens the economic recovery. Both Euro and Pound have moved a little closer to its hiher limit.

On the other hand, Australia has rallied their S & P index to 2.4%, Japanese Nikkei Index rises to 1.3%, and Hongkong's Han Sei Index advances to 1.9%. Other Asian markets who advaned their index for today are Taiwan, Singapore and South Korea.

Through the support of the Australian RBA rate hike, the investors have turned their risk assets which the first developed country in adopting a decision of its own kind since the start of the global economic crisis. The decision has already been analyzed as a signal of strength on the economy of Australia.

In terms of Euro and Pund foreign exchange stats, EUR/USD has remained moving in a range between 1.4685 and 1.4735 roughly, in Asian sessions. They immediately consolidate below Tuesday's high at 1.4750. At this time around, Euro has moved to 1.4700. On the other hand, GBP/USD has moved between 1.5880 to 1.5940 ater its decline from 1.6050 high last Tuesday, but the Pound has dropped below 1.5880 to trade at levels around 1.5860. USD/JPY also declined from 90.00 area last Monday, but was found supported during U.S. session at 88.60.

News source: http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=c98605fc-58e9-42d3-ae65-0121aa13b64b

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Econ Coordination in Euro Zone talked by EU Juncker

Countries who belong in the Euro Zone, especially here in Gothenburg, Sweden are discussing some ways to boost their coordination among their respective economies. It was discussed by Luxembourg's Prime Minister and Finance Minister Jean-Claude Juncker. He planned this meeting to the region's finance minister, and it follows a pledge for more global economic operation at last weekend's meeting. He said that this bid is for greater coordination with the Group of 20, who leads the industrialized and developing countries all around Europe.

The Euro economy remains fragile, according to Juncker in a news conference. He also said that it's too early to withdraw fiscal stimulus support for the region's economy. Around 2011, the finance ministers are discussing some ways to unwind the support. The 11/3 European Commission's forecasts will outline prospects for 2010 and 2011, and it said to be the key to decide whether the Euro Zone should unwind the government's support for the Euro economy.

Juncker also said that the finance ministers of Euro Zone have discussed about developments in foreign -exchange markets. It will be figured this weekend prominently, as the Group of Seven leading industrialized companies meet in Istanbul, Turkey for this issue. European Central Bank President Jean-Claude Trichet said that there is a very strong sentiment against foreign exchanges with excessive volatility in rates. Earlier Thursday, Euro traded below $1.46.

Source:

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=5a6767ee-58bd-4587-b833-d51eaa77e9c5

Note: This report was not copied and pasted, but truly rewritten and revised. The author of the original news report was Adam Cohen of Dow Jones Newswires, which could be found in the link source above..