Asian currencies head for a gain on ECB bond-buying plan

Source: Bloomberg
Asian currencies headed for a third-weekly gain as the ECB announced its bond-buying programme to tame the Eurozone's debt crisis, boosting rally in global equities. The Korean Won fetched a 3-week high as Fitch Ratings increased the country's credit rating to AA- yesterday. The Chinese Yuan set for a sixth week advance on speculation the nation's government will increase spending on railways and roads. 
Back to articles

Actual Topics

Fri, 07 Sep 2012 08:52:33 GMT

Loonie advances on job growth data and ECB bond purchases

The Canadian Dollar advanced to more than 4-month high against the U.S. counterpart on data that might show North American employment growth is accelerating and following the ECB's bond-buying plan announced yesterday. The Loonie gained 0.8% to 98.27 cents per greenback. It fetched 98.09, the highest since April.  

Fri, 07 Sep 2012 06:54:35 GMT

Yen, Dollar stay lower after ECB's bond-buying plan announcement

The U.S Dollar and Japanese Yen stayed lower following a yesterday decline versus most of their major peers after the ECB announced its new bond-buying scheme, which weakened demand for safe haven assets and boosted equities. The Dollar remained lower versus higher-yielding peers before the monthly jobs report release. The greenback fetched $1.2636 per Euro. The Yen was at 99.76

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.