Currency Newswire » Stimulus

Japan’s Yen Rises Against Euro, Dollar on U.S. Stimulus Concern (Bloomberg)

admin — Wed, 04 Feb 2009 16:48:34 +0000

Feb. 4 (Bloomberg) — The Japanese yen rose against the euro and the dollar as traders sought refuge in the currency amid concern the U.S. fiscal stimulus plan will meet Senate resistance and widening credit losses will erode earnings.

Risk appetite and general sentiment improves – EURUSD pushes higher.

admin — Wed, 04 Feb 2009 16:47:42 +0000

Risk appetite improved throughout yesterday, pushing EURUSD higher. Overnight EURUSD traded in the range 1.2955-1.3048 booking a 0.6% gain and USDJPY was range-bound between 89.33 and 89.68 – down by 0.1%. The dollar was weaker on a whole, declining against 7 of the 10 most traded currencies. The general improvement in sentiment had been building during the day as fresh fiscal stimulus packages…

Euro Area Is Unlikely to Face Deflation, Bank of France Says (Bloomberg)

admin — Fri, 23 Jan 2009 16:54:09 +0000

Jan. 22 (Bloomberg) — The 16 nations sharing the euro are unlikely to face deflation thanks to government and central banks stimulus and because wages and prices excluding food and energy continue to grow, the Bank of France said.