Asian session: The dollar fell

The dollar fell for a second day against the euro as Asian stocks advanced on speculation the worldwide economic recovery is building momentum, reducing demand for safer assets.

The greenback declined to a 10-week low against the pound after a national research group said the Bank of England will raise interest rates three times this year.

Australia’s dollar climbed after the central bank said there are signs of rising private investment in the nation.

The U.S. and Japanese currencies declined versus most of their major counterparts as the MSCI Asia Pacific Index of shares rose 0.4 percent and the Nikkei 225 Stock Average advanced 0.4 percent.

The pound gained after the National Institute for Economic and Social Research predicted the U.K.’s benchmark rate would rise to 1.25 percent by year-end, compared with an October forecast of 0.75 percent. The institute increased its 2011 inflation forecast to 3.8 percent from 2.8 percent.

EUR/USD: the pair bargained above a mark $1.3700.

GBP/USD: the pair bargained above a mark $1.6000.

USD/JPY: the pair has decreased in around Y81.80.

European data starts at 0700GMT with the ILO measure of German unemployment. France PPI data is due at 0745GMT and is expected to post a rise of 0.6% m/m, 5.0% y/y. This morning sees the final manufacturing PMI releases from the main European states, including France at 0848GMT and Italy at 0853GMT. The European state PMI releases through the morning lead up to the release of the EMU final manufacturing PMI data at 0858GMT. The preliminary reading for the EMU data was 56.9. Just before that final EMU manufacturing PMI release, at 0855GMT, the main German unemployment data is expected to see the unemployment rate remain at 7.5%. EMU unemployment data for December is due at 1000GMT, where the unemployment rate is expected to remain at 10.1%.

UK manufacturing PMI data is due at 0930GMT, with the result expected to show a slight decline to 58.0. Also in the UK, at 0930GMT, Bank of England lending data is due, where BoE Mortgage Approvals data is expected to slip slightly.

Latest news

12.12.2024

Stocks. Daily history for Wednesday, December 11, 2024

12.12.2024

Currencies. Daily history for Wednesday, December 11, 2024

12.12.2024

Chinese policymakers are considering a weaker Yuan as Trump trade risks loom

11.12.2024

NZD/USD posts modest gains to near 0.5800 as Trump trade risks loom

11.12.2024

EUR/USD trudges lower ahead of ECB rate call

11.12.2024

GBP/USD sticks to midrange post-US CPI inflation

11.12.2024

AUD/USD weakens below 0.6400 ahead of Australian employment data

11.12.2024

Crude Oil rises on Wednesday, WTI taps $70 per barrel

Support

Personal area

Trading
- Account types
- Market
- MetaTrader 4/5
Promotions
- Promotions
Investments
- Synchronous Trading
  - Rating
  - About Service
  - How it Works
  - FAQ
Analytics
- News and Tools
- Market analysis
  - Market Opinions
  - Technical Analysis
TeleTrade
- About brand
- Сooperation
- Knowlege Base
  - Education

Personal area

Forex Demo Account

Start Bonus 100%

Synchronous Trading

Our Advantages

Economic Calendar

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers