Charlotte's Feed
Jul 11, 2010

Japan markets may face some pressure after vote

TOKYO (Reuters) – Japanese shares and government bonds may face initial selling pressure on Monday after the government lost an upper house election, a reverse that could thwart its ambitions to curb public debt.

Longer term, though, markets will eye which smaller parties the ruling Democratic Party allies with, what policy compromises it makes and whether that dilutes its fiscal reform hopes.

Jul 8, 2010

Aussie lifted by jobs, euro wrestles resistance

TOKYO, July 8 (Reuters) – The euro pushed to a two-month high
against the dollar on Thursday as short-covering kicked in after
strong Australian jobs data sent the Aussie dollar up and helped
gains in other currencies against the greenback and yen.

The low-yielding yen was one of the biggest losers on the day
in what some said was a largely a technical rebound in riskier
trades, while the euro’s gains quickly ran into profit-taking.

Jul 8, 2010

Euro upbeat as stocks gain

TOKYO (Reuters) – The euro held near a seven-week high against the dollar on Thursday, and just below resistance at $1.2673 seen as a hurdle to further gains, while the yen was in retreat and higher yielders were firm.

An upbeat day on Wall Street after a bullish forecast from financial firm State Street Corp underpinned improved tolerance for risk, which boosted the Australian and the New Zealand dollars against the low-yielding yen and U.S. dollar the day before. .N

Jul 8, 2010

Euro, high-yielders upbeat as stocks gain

TOKYO, July 8 (Reuters) – The euro held near a seven-week
high against the dollar on Thursday, and just below resistance at
$1.2673 seen as a hurdle to further gains, while the yen was in
retreat and higher yielders were firm.

An upbeat day on Wall Street after a bullish forecast from
financial firm State Street Corp underpinned improved tolerance
for risk, which boosted the Australian and the New Zealand
dollars against the low-yielding yen and U.S. dollar the day
before. [.N]

Jul 5, 2010

Dollar soft on recovery question, euro pauses

TOKYO, July 5 (Reuters) – The dollar held steady near a
two-month low on Monday and the euro paused after last week’s
boost from unwinding of short and leveraged positions, with
traders and analysts seeing scope for it to squeeze a bit higher.

With attention turning to a slowdown in the United States and
away from the euro zone’s banking and government debt woes,
analysts said the next upside target for the euro was a May
reaction high at $1.2673 EUR=.

Jul 2, 2010

Dollar and yen defensive after euro surge

TOKYO (Reuters) – The dollar was on the back foot against the euro and slipped against the Aussie on Friday after a big euro short squeeze ahead of U.S. jobs data, while the yen lost ground all round as the squeeze spilled into Asian trade.

The Australian dollar rose half a U.S. cent and climbed against the low-yielding Japanese currency after Australia’s government announced a watered-down version of a proposed mining tax, easing concerns it could hurt business investment and share prices.

Jul 2, 2010

Dollar, yen defensive after euro surge, before jobs

TOKYO, July 2 (Reuters) – The dollar was on the back foot
against the euro and slipped against the Aussie on Friday after a
big euro short squeeze ahead of U.S. jobs data, while the yen
lost ground all round as the squeeze spilled into Asian trade.

The Australian dollar AUD=D4 rose half a U.S. cent and
climbed against the low-yielding Japanese currency after
Australia’s government announced a watered-down version of a
proposed mining tax, easing concerns it could hurt business
investment and share prices. [ID:nSGE6600LW]

Jun 30, 2010

Euro, Aussie edge up but yen, Swissie still strong

TOKYO, June 30 (Reuters) – The euro and Australian dollar
edged up against the yen but stayed near recent lows on
Wednesday, after a heavy round of leveraged trade unwinding,
while the euro was also within range of a record low on the
safe-haven Swiss franc.

While doubts about a global recovery were playing out,
traders said, the rush towards safe-haven currencies may prove to
be short lived once quarter-end hedging and repatriation flows
have dried up, although the euro remained vulnerable longer term.

Jun 30, 2010

Yen and Swissie keep euro and risk plays under pressure

TOKYO (Reuters) – The yen kept the euro and the Australian dollar pinned down near lows on Wednesday, after a heavy round of leveraged trade unwinding, and the euro also struggled above a record low on the safe-haven Swiss franc.

While doubts about a global recovery were playing out, traders said, the rush toward safe-haven currencies may prove to be short lived once quarter-end hedging and repatriation flows have dried up, although the euro remained vulnerable longer term.

Jun 30, 2010

Yen, Swissie keep euro, risk plays under pressure

TOKYO, June 30 (Reuters) – The yen kept the euro and the
Australian dollar pinned down near lows on Wednesday, after a
heavy round of leveraged trade unwinding, and the euro also
struggled above a record low on the safe-haven Swiss franc.

While doubts about a global recovery were playing out,
traders said, the rush towards safe-haven currencies may prove to
be short lived once quarter-end hedging and repatriation flows
have dried up, although the euro remained vulnerable longer term.