Satomi's Feed
Feb 10, 2010

Euro trims gains, awaits details of Greece rescue

TOKYO (Reuters) – The euro fell on Wednesday, trimming some of the previous day’s gains, with investors awaiting details of a rescue package for Greece, keen to see how it could impact the euro zone economy.

The euro was handed a reprieve on Tuesday after a senior German ruling coalition source told Reuters that euro zone governments had decided in principle to help Greece, prompting investors to unwind short positions in the single currency.

Feb 9, 2010

Euro gains as market speculate on Greek rescue

TOKYO, Feb 9 (Reuters) – The euro rose against the dollar on
Tuesday, recovering from an 8-½ month low hit last week, as the
market speculated that a rescue for struggling Greece would be
organised soon, prompting some covering of short positions.

Views on a rescue emerged after news that European Central
Bank President Jean-Claude Trichet is leaving a meeting of
central bankers in Sydney early to attend a European Council
meeting. [ID:nSGE6170O9]

Feb 2, 2010

Dollar off 6-month highs, Aussie up ahead of rate call

TOKYO (Reuters) – The dollar steadied on Tuesday after falling away from six-month highs on a basket of currencies, while the Australian dollar retained broad gains ahead of a widely expected interest rate hike later in the day.

The yen was broadly lower as risk appetite improved just a little after strong U.S. manufacturing data which helped Wall Street regain some ground and Asian shares followed suit.

Feb 1, 2010

Slip in Asia before Obama budget remarks

TOKYO, Feb 1 (Reuters) – U.S. Treasuries cash bonds slipped
in Asia on Monday but their losses were limited as many investors
held back ahead of key economic data and events this week that
could provide market direction.

The biggest focus this week is the release of January
payrolls data on Friday, with investors awaiting evidence of a
labour market recovery.

Jan 28, 2010

Dlr cuts gains, yen falls after Obama speech

TOKYO, Jan 28 (Reuters) – The yen fell and the dollar
retreated from a six-month high against the euro after President
Barack Obama laid out steps to revive the U.S. economy and eased
market worries about moves to limit bank risk-taking by not
revealing concrete plans on the issue.

Obama’s announcement last week that he would seek sweeping
reforms to curb risky lending by banks spooked financial markets,
prompting investors to unwind leveraged yen-funded carry trades.

Jan 20, 2010

Euro hits 5-mth low vs dlr, China dents risk trades

TOKYO, Jan 20 (Reuters) – The euro fell broadly on
Wednesday, hitting a five-month low against the dollar on concern
about Greece’s fiscal problems and breaking below a key chart
level that could signal a bearish trend for the currency.

The euro’s slide below its 200-day moving average of around
$1.4296 initially gave investors a technical sign to sell the
currency, and its break below $1.4250 and then lows of December
and September later triggered loss-cutting orders and sparked
broad euro-selling, traders said.

Jan 20, 2010

Euro strikes 4-month low vs dollar as stops spur selling

TOKYO (Reuters) – The euro fell broadly on Wednesday, hitting a four-month low against the dollar on concern about Greece’s fiscal problems and breaking below a key chart level that could signal a bearish trend for the currency.

The euro’s slide below its 200-day moving average of around $1.4296 initially gave investors a technical sign to sell the currency, and its break below $1.4250 and the December low near $1.4220 later triggered loss-cutting orders and sparked broad euro-selling, traders said.

Jan 19, 2010

Euro hits 4-month low vs pound, Aussie retreats

TOKYO, Jan 19 (Reuters) – The euro fell to a four-month low
against sterling on Tuesday but signs that China is stepping up
quantitative tightening helped it recover from a two-year trough
versus the Aussie, with investors trimming positions in riskier
assets such as growth-linked currencies.

Sterling hit a six-week high against the dollar, drawing
strength after reports that U.S.-based Kraft Foods Inc and
Britain’s Cadbury Plc were arranging a $19 billion deal to create
the world’s largest confectionery group, traders said.

Jan 18, 2010

Dollar, yen dip in subdued trade, sterling gains

TOKYO, Jan 18 (Reuters) – The dollar and yen dipped in
subdued Asian trade on Monday, giving up earlier gains as
investors hesitated to trade actively with the New York market
closed for a holiday.

The dollar and yen had risen earlier in the session as
currencies leveraged to global growth, such as the Australian
dollar, were hit by profit-taking after quarterly results from
JPMorgan Chase & Co <JPM.N> sent equity markets lower.
[ID:nN15183524]

Jan 15, 2010

Dollar and yen gain as risky positions cut

TOKYO (Reuters) – The dollar and yen rose on Friday, reversing earlier losses against other major currencies such as the Aussie, as investors were cautious of building riskier positions while the global economic outlook remains uncertain.

Earlier, currencies leveraged to global growth, such as the Australian and Canadian dollars, were firmer after upbeat earnings from technology bellwether Intel Corp <INTC.O> encouraged some investors to add positions in risky assets.