Satomi's Feed
Jun 24, 2010

Dollar dips; Aussie inches up on new PM

TOKYO, June 24 (Reuters) – The dollar stayed on the defensive
on Thursday after the Federal Reserve reiterated its pledge to
keep rates low, while the Australian dollar edged up after the
country’s ruling party chose a new Prime Minister, reducing
political uncertainty there.

The dollar’s broad weakness helped the euro to trade firmly
and sterling to extend gains to a six-week high, yet traders
remained reluctant to chase those advances with more signs of
fragile economic recovery tempering appetite for risky positions.

Jun 24, 2010

Dollar under pressure, Aussie firm on new PM

TOKYO (Reuters) – The dollar stayed on the defensive on Thursday after the Federal Reserve reiterated its pledge to keep rates low, while the Australian dollar edged up after the country’s ruling party chose a new Prime Minister, reducing political uncertainty there.

The dollar’s broad weakness helped the euro to trade firmly and sterling to extend gains to a six-week high, yet traders remained reluctant to chase those advances with more signs of fragile economic recovery reducing appetite for risky positions.

Jun 21, 2010

Aussie, euro jump after China lets yuan rise

TOKYO, June 21 (Reuters) – The Australian dollar and the euro
jumped to their highest levels in about a month against the
dollar on Monday after China allowed the yuan to rise to a
post-revaluation high, boosting confidence in the global economy.

Spot yuan rose to its highest level since its revaluation
five years ago, helping to reinforce market optimism that a
pledge from China on yuan flexibility would help reduce the
global imbalance, encouraging sustained global growth and
supporting higher-yielding and riskier assets. [ID:nBJD003795]

Jun 21, 2010

Aussie cuts gains after China keeps mid-point flat

TOKYO, June 21 (Reuters) – The Australian dollar cut some of
its earlier sharp gains and the euro pulled back from a four-week
high against the dollar on Monday after a sign that China would
proceed only gradually in its push to make the yuan more
flexible.

China’s central bank set the yuan’s daily mid-point
CNY=SAEC at 6.8275 against the dollar on Monday, unchanged from
last Friday, the day before Beijing said it would allow the yuan
to trade more flexibly.

Jun 21, 2010

Aussie and euro jump after China yuan move

TOKYO (Reuters) – The Australian dollar jumped more than 1 percent and the euro hit a four–week high against the U.S. dollar on Monday as investors took China’s commitment to allow more yuan flexibility as a signal to buy riskier assets.

China said on Saturday it would gradually make the yuan’s exchange rate more flexible, indicating it was ready to break a 23-month-old U.S. dollar peg that had come under intense fire from abroad.

Jun 18, 2010

Euro nudges 3-week highs, dollar on backfoot

TOKYO, June 18 (Reuters) – The euro held at three-week highs
on Friday, on track for its second straight week of gains, while
the dollar appeared vulnerable to further losses after falling
below a key chart level.

The euro retained gains near $1.24 as investors liquidated
short positions after solid demand at Spanish bond auctions,
which also encouraged some investors to shift funds back to euro
zone bonds from safe-haven U.S. Treasuries, traders said.

Jun 18, 2010

Euro steadies near 3-week highs, dollar on backfoot

TOKYO (Reuters) – The euro held steady near three-week highs on Friday, on track for its second straight week of gains, while the dollar appeared vulnerable to further losses after falling below a key chart level.

The euro retained gains near $1.24 as investors liquidated short positions after a robust response to Spanish bond auctions, which also encouraged some investors to shift funds back to euro zone bonds from safe-haven U.S. Treasuries, traders said.

Jun 15, 2010

Euro bounce running out of steam on profit-taking

TOKYO, June 15 (Reuters) – The euro’s rally showed signs of
fading on Tuesday, with investors taking profits and sentiment
towards the single currency staying fragile as debt worries
returned after Moody’s cut Greece’s credit rating to junk grade.

The Australian dollar pulled back further from a one-month
high versus the U.S. dollar as traders reduced demand for
higher-yielding currencies after minutes of an Australian central
bank meeting confirmed the market view that interest rates will
be on hold at least for the next month. [ID:nSYC002333]

Jun 11, 2010

Japan sovereign CDS may start to shake JGB market

TOKYO (Reuters) – Hedge funds and foreign investors are building up protection on Japanese government bonds in the credit default swaps market, underscoring persistent worries about Japan’s poor fiscal health and suggesting that JGBs could be shaken by CDS moves in the near future.

The outstanding volume of CDS written on JGBs has doubled in the past eight months as Europe’s sovereign debt crisis has made anxious banks and investors hedge their exposure to Japan, the most heavily indebted of the major economies.

Jun 10, 2010

Aussie up on jobs data; China fund remarks lift euro

TOKYO, June 10 (Reuters) – The Australian dollar jumped on
Thursday on upbeat Aussie jobs data and strong Chinese exports,
while the euro bounced on short-covering after the head of
China’s national pension fund said the currency would weather
Europe’s debt crisis.

A stronger-than-expected rise in Australian employment
numbers for May and a near 50 percent surge in Chinese exports
the same month ran counter to persistent fears the global economy
was starting to falter amid euro zone debt woes.