World Forex : Euro Up Vs Yen, Dollar, But Further Rises Limited

The euro rose against the yen and dollar in Asia Tuesday as rallying regional equities prompted short-term investors to scoop up the risk-sensitive common currency, though lingering concern over European debt woes will likely limit further rises, dealers said. The respite in the euro’s recent falls came as Asian bourses strengthened, bucking expectations for weakness [...]

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Posted June 9, 2010 by ][-NooM-][ under Benchmark Lending

Fed’s Zero Interest Policy Fuels Treasury Rally

The “flight to quality” continued yesterday (Wednesday) as investors pushed up the price of Treasuries on fears the U.S. Federal Reserve’s drastic rate cut means the economy’s woes are far from over. But while Treasury prices hit record highs, concerns surfaced among analysts about how much farther the rally can go considering the implied message [...]

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Posted May 26, 2010 by ][-NooM-][ under Benchmark Lending, More Financial

US Dollar Extends its Worst Trend in Four Months after Retail Sales Drop

A fourth consecutive down day for the US dollar (on a trade weighted basis) defines the worst trend the benchmark has suffered since September. The currency’s bearish bearings have been set for going on four weeks now; but through this unfavorable drift, there has been a clear lack of conviction – often termed momentum. Without [...]

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Posted May 17, 2010 by ][-NooM-][ under Benchmark Lending

Romania Lowers Benchmark Interest Rate to Record Low

Romania’s central bank cut its benchmark interest rate by half a percentage point to the lowest level on record to boost the economy, which is showing “signs of recovery in some sectors.” The Banca Nationala a Romaniei cut its monetary policy rate For the third time this year to 6.5 percent from 7 percent today, [...]

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Posted March 30, 2010 by ][-NooM-][ under Benchmark Lending

Romania cuts Benchmark interest rate to 6.5 pct

Romania’s central bank cut its benchmark interest rate to a record low of 6.5 percent Monday, the third time it has cut rates this year, in an attempt to revive the country’s ailing economy. The National Bank of Romania cut its main interest rate from 7 percent after slashing it from 7.5 percent in February [...]

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Posted March 30, 2010 by ][-NooM-][ under Benchmark Lending

Fed funds futures murky outlook

Market acts as a barometer for predicting rate hikes, but there are flaws Fed funds futures are often used as a window into when institutional investors expect the Federal Reserve to hike rates. But this little-understood market has weaknesses as a predictive tool, say traders. While huge at $440 billion, trading volume has declined since [...]

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Posted March 16, 2010 by ][-NooM-][ under Benchmark Lending

Asian Markets Trade Notably Higher On Recovery Hopes

Asian markets are trading firm on Wednesday with investors going in for some hectic buying, tracking a positive close on Wall Street overnight and higher commodity prices. Hopes of a global economic recovery on the back of the European Union’s move to help Greece get out of its debts and some encouraging reports from across [...]

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Posted February 18, 2010 by ][-NooM-][ under More Financial, Trading