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Unemployment, Payroll Data Send Risk Assets Up: Daily Markets Wrap
Stocks and high-yield bonds rallied in U.S. markets Friday, after yet another round of positive economic data proved a boon to investors betting that the economy will improve at a faster rate than previously forecast.
By Eleazar David Meléndez | 21:32 GMT | IBTimes
Asian Stocks, Euro Slip as Investors Await U.S. Jobs Data
Asian shares and the euro fell Friday as caution set in ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on and undermined sentiment.
By Chikako Mogi | Feb 03 | Reuters
Australian Dollar Outlook - 03/02/2012
Bell FX Currency Outlook: The local unit maintained momentum overnight touching a high against the US dollar of USD1.0745 to open above USD1.0700 this morning.
By Christine Gaylican | Feb 02 | IBTimes AU
Federal Reserve Chairman Ben Bernanke Testifies Before Congress
Federal Reserve Chairman Ben Bernanke testified before congress today. His remarks were short and to the point. He basically reiterated the FOMC statements of last week, maintaining a cautious tone on the U.S. outlook that interest rates are likely to remain near zero until at least through late 2014.
Feb 02 | FXEmpire
Current Rally in Australian Dollar Could Be at Risk
The Australian dollar (AUD) has been posting strong gains against the U.S. dollar (USD) so far this year amid improving risk sentiment and upbeat economic data, but the rally in the commodity currency could be at risk, ahead of Reserve Bank of Australia (RBA) meeting next week.
By Shankar besta | Feb 02 | IBTimes
Australian Dollar Outlook - 2 February 2012
Bell FX Currency Outlook: The recent rally in the AUD was further extended overnight with the local unit pushing back through USD1.0700.
By Christine Gaylican | Feb 01 | IBTimes AU
Building A New Australia in Gillard Fashion
Delivering the keynote speech today at the Australian-Israel Chamber of Commerce in Melbourne, Australia, Prime Minister Julia Gillard expects the Australian dollar will remain relatively strong for years to come, driven by its new found "safe haven" status and as investors use it as a proxy currency for the Asian region.
Feb 01 | FXEmpire
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