6 Aug 2014

Dollar Approaches 9-Month High on Economy, Ukraine; Kiwi Slides

usd

                    The dollar approached the strongest in almost nine months versus the euro as signs the U.S. economy is strengthening and tensions over Ukraine are increasing boosted the appeal of American assets.
A gauge of the greenback climbed toward the highest since February after data yesterday showed factory orders and service activity increased and Federal Reserve Bank of Dallas President Richard Fisher said his fellow policy makers were becoming more “hawkish.” Poland said a buildup of Russian troops on the Ukraine border raises the specter of a possible invasion. New Zealand’s dollar slid to a two-month low after job growth slowed more than economists forecast and dairy prices fell.
“A strong batch of U.S. data helped the U.S. dollar’s cause,” said Imre Speizer, a markets strategist based in Auckland at Westpac Banking Corp. “There was also a good dose of risk aversion last night, and that would’ve helped the U.S. dollar as well.”
The dollar gained 0.1 percent to $1.3368 per euro as of 1:13 p.m. in Tokyo after advancing to $1.3358 yesterday, the strongest since Nov. 11. The U.S. currency was little changed at 102.56 yen. The yen appreciated 0.1 percent to 137.11 per euro.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, rose less than 0.1 percent to 1,023.45 after climbing to 1,024.01 yesterday, the highest since Feb. 13.

Recovery Signs

The Institute for Supply Management’s non-manufacturing index expanded in July at the fastest pace since December 2005, the group said yesterday. Factory orders climbed 1.1 percent in June, almost twice as much as predicted in a Bloomberg News survey, after falling a revised 0.6 percent the previous month, the Census Bureau said.
The Federal Open Market Committee “is coming in my direction,” Fisher said in an interview with Fox Business Network yesterday. The Dallas Fed president said he has a “hawkish slant” on monetary policy.
Fisher is trying to help out the dollar “with his usual hawkish comments,” Emma Lawson, a senior currency strategist at National Australia Bank Ltd. in Sydney, wrote today in a client note. “It seems the market may just be swinging around to believe him.”
Traders are willing to pay a premium for one-month options to buy the dollar against all of its 16 major counterparts, 25-delta risk reversals show.

Ukraine Tension

Russian President Vladimir Putin ordered his government to prepare a response to U.S. and European sanctions. He has shown no sign of backing down over Ukraine, with Russia massing forces on its neighbor’s border in the biggest military buildup since troops were withdrawn from the area in May.
The dollar has strengthened 1.7 percent in the past month, the best performer of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The yen gained 1.2 percent, while the euro fell 0.2 percent.
The kiwi dropped for a second day after Statistics New Zealand said employment increased 0.4 percent in the second quarter, less than the median estimate of 0.7 percent growth among economists surveyed by Bloomberg.
“Before this report, there was a bias to sell the kiwi dollar,” Westpac’s Speizer said. “This gives the market an excuse to go and do some more.”
The currency also weakened after GlobalDairyTrade said whole milk powder prices tumbled 11.5 percent at auction yesterday to a two-year low. That extended the decline to 46 percent from a peak in February.
The New Zealand dollar declined 0.4 percent to 84.35 U.S. cents after sliding to 84.24 cents, the weakest since June 5. - Bloomberg

37 comments:

  1. I enjoyed after reading your post and Epic Research is also provide same think about market and live updates of market.

    ReplyDelete
  2. I always got some new and different on your blog. Many facts got to know here. Thanks for updating us with the latest news of market.
    Stock Tips on Mobile

    ReplyDelete
  3. USD/INR (26 SEP.) TREND: CONSOLIDATE RES 1: 61.40 RES 2: 61.60 SUPP 1: 61.00 SUPP 2: 60.80 STRATEGY: SELL ON HIGH equity tips

    ReplyDelete
  4. Epic Research Corporate Solutions provide best economic price and whole updates about this.

    ReplyDelete
  5. Thanks for the update news post. we can easily gain the news about Forex. Waiting for the next update from the same.

    ReplyDelete
  6. news provided by you was best today i got to knw about forex.
    commodity tips free trial

    ReplyDelete
  7. Nice blog reading this blog was really interesting. Keep updating the blogs daily.
    commodity trading tips

    ReplyDelete
  8. Great piece of writing, I really liked the way you highlighted some really important and significant points. Thanks so much, I appreciate your work.!!!!!!!!!!!!
    Stock Cash Tips

    ReplyDelete
  9. Wow... great service... do we have some more accurate mcx tips ? I am Currently following you on http://mcx.freetips.tips site. Where You are posting some free commodity calls. Thanks

    ReplyDelete
  10. The links and resources posted by you in the blog are very useful for me! I was looking for this exact and particular information for a long time. Thanks.
    Forex Trading

    ReplyDelete
  11. Thanks for sharing this great piece of information. Do keep us update with some more great information.....Mcx bullion tips

    ReplyDelete
  12. Investors can make good capital with accurate Commodity Tips which help traders to play well in the Indian commodity market.

    ReplyDelete
  13. Monthly SIP Investments
    Invest as low as Rs 1000pm in Top SIPs in just 2mins. Start a ZipSIP.
    Bullion Tips

    ReplyDelete
  14. Ways2capital is the best commodity Calls advisor in India offering excellent commodity market tips. Subscribe us today to get accurate free commodity trading calls, intraday calls from our online portal.
    Best Commodity Tips,Commodity Trading Tips

    ReplyDelete
  15. Following yesterday's massive fall, the spot rupee started the day lower by 7 paise at 68.37 as against the US dollar.

    free stock tips

    ReplyDelete
  16. MCX Tips is the best stock and commodity advisory in india .Commodity online provides Latest news on commodities. Get free intraday commodity trading tips in MCX.
    MCX Tips

    ReplyDelete
  17. Stock Cash tips, Equity tips, MCX tips

    Tradebizz Research is a leading trading advisory company. We delivering best stock market tips for customer’s satisfaction. Stock cash tips, Equity tips, MCX tips.

    Visit:
    http://www.tradebizzindia.com/

    ReplyDelete
  18. After reading this given information it seems that if anyone use your trading tips then its gonna be profitable and for more tips go through Free MCX Tips

    ReplyDelete
  19. Epic Research offers the best trading tips and informative trading ideas for traders, which is beneficial for investors.

    ReplyDelete
  20. Crude oil jackpot call are giving exceptional services to our clients are our maximum precedence. For ensuring this we have devoted group of Market Expert which takes care of customers in my belief online and by telephonic assistance round the clock.
    Mcx Calls in Crude Oil

    ReplyDelete
  21. The euro nursed losses against the dollar on Wednesday as the benchmark German government bond yield turned negative for the first time.
    Share Market Tips

    ReplyDelete
  22. A business is effective to the level that it provides something or product that plays a role in pleasure in all of its types.” "To provide best value for money to customers through customized support, impressive products, best trading and financial commitment opportunities and state-of-the-art technological innovation.
    Accurate Silver Tips

    ReplyDelete
  23. PREMIUM FUTURE CALL: BUY CEAT LTD FUTURE ABOVE 1370 TGT 1373 1378 SL 1365 BELOW RipplesAdvisory

    ReplyDelete
  24. Safal Trading is one of the best intraday tips providers for Indian commodity market.

    Commodity tips Free Trial

    ReplyDelete
  25. Get in touch with us for getting the Best commodity tips, Free intraday Tips, Crude Tips with the best guidance by our market master in 90% above precision.
    Live Commodity tips

    ReplyDelete
  26. This service will help you get BUY and SELL Calls on the basis of Technical analysis of the developments in Crude Oil and Natural Gas Inventory in the MCX Market.

    ReplyDelete
  27. This comment has been removed by the author.

    ReplyDelete
  28. मुझे यहाँ काफी अच्छी जानकारी मिली है करेंसी मार्किट की और साथ ही साथ कमोडिटी मार्किट की और Stock tips भी

    ReplyDelete
  29. Capitalstars| Market Live: Sensex sees profit booking amid consolidation; Fed meet eyed.capitalstars

    ReplyDelete
  30. waoo nice post about "Dollar Approaches 9-Month High on Economy, Ukraine; Kiwi Slides"

    Thanks,

    Gold Sureshot Call

    ReplyDelete
  31. well written post about Dollar Approaches 9-Month High on Economy, Ukraine; Kiwi Slides

    Thanks,

    NIOS Admission 12th 2018

    ReplyDelete
  32. today mcx market news Gold Prices Edge Up on Syria Concerns more update hereFree Trading tips

    ReplyDelete
  33. The GRS Solution are providing accurate services for traders who wish to enjoy maximum returns and profit in Stock Market Tipsand share market

    ReplyDelete
  34. The GRS Solution is an SEBI registered investment advisory offering expert grounded trade recommendations for stocks and equity traded. The GRS Solution are providing accurate services for traders who wish to enjoy maximum returns and profit in Stock Market Tipsand share market.

    ReplyDelete