Articles by Shankar besta

  • USD/CHF hits a fresh record lowUSD/CHF hits a fresh record low

    April 25 2011 9:38 AM

    The Swiss franc rose against its major counterparts on Monday, supported by speculations over the interest rate hike by the Swiss National Bank (SNB).

  • AUD/USD hit a fresh 29-year highAUD/USD hit a fresh 29-year high

    April 25 2011 4:31 AM

    The Australian dollar rose to a fresh 29-year high against the US dollar on Monday, supported by continued rise in prices of gold and commodities.

  • USD/CAD pares losses after Canadian retail data

    April 21 2011 10:28 AM

    The US dollar retreated from a three-and-half low against the Canadian dollar on Thursday, after an official report showed that Canadian retail sales rose less-than-expected in February.

  • USD/CHF hits fresh all-time low

    April 21 2011 9:25 AM

    The US dollar tumbled to a new all-time low against the Swiss franc on Thursday, as the greenback was dragged down across the board, on concerns over US debt.

  • GBP/USD at 16-month high after strong dataGBP/USD at 16-month high after strong data

    April 21 2011 6:02 AM

    The British pound surged to a 16-month high against the US dollar, after an official data showed UK retail sales rose unexpectedly in March and public sector borrowing remained below the government’s target for the fiscal year ending March.

  • Dollar gets hammered amid risk rally

    April 20 2011 9:34 AM

    The US dollar fell sharply against its major counterparts on Wednesday, as risk appetite sharpened pushing up the higher yielding currencies.

  • Euro jumps after Spain bond auction, BoE minutes

    April 20 2011 6:15 AM

    The euro rose against its major counterparts on Wednesday, after Spain's long term treasury auction, and the Bank of England’s (BoE) April policy meeting minutes.

  • Traders to exit Japanese yen at key level of 82

    April 19 2011 10:59 AM

    Traders are likely to sell the Japanese yen at 82, a key level at which G-7 nations intervened in the currency markets in March, to weaken the yen.

  • USD/CAD slips after strong Canadian inflation data

    April 19 2011 10:00 AM

    Canadian dollar rose against the US dollar on Tuesday, after an official report showed that consumer prices rose more-than-expected in March year-on-year, raising speculations over raise in interest rates by the Bank of Canada.

  • Yen gains on sovereign debt concerns

    April 19 2011 9:08 AM

    The Japanese yen strengthened against its major counterparts on Tuesday, amid growing concerns over debt crisis in the eurozone and Standard & Poor’s downgrade of US debt outlook to negative on Monday.

  • Dollar pares gains as S&P cuts US rating to ‘negative’

    April 18 2011 10:24 AM

    The US dollar pared gains against its major counterparts on Monday, after Standard & Poor’s (S&P) revised its rating outlook on the United States to negative.

  • EUR/USD at 11-day low as debt concerns re-emerge

    April 18 2011 8:53 AM

    The euro extended losses against the US dollar on Monday, as debt concerns re-emerge in the region after reports on Greece seeking debt restructuring and doubts over Portugal’s bailout.

  • Euro to extend gains to $1.50: report

    April 15 2011 9:26 AM

    The euro is predicted to extend its gains to near $1.50 against the dollar, buoyed by the interest rate differentials between the European Central Bank (ECB) and the Federal Reserve, said a report on Friday.

  • Euro slips on Moody’s downgrade of Ireland

    April 15 2011 5:24 AM

    Euro fell against its major counterparts on Friday, as concerns over debt problems in eurozone got renewed, after Moody’s downgraded Ireland debt rating.

  • EUR/JPY plunges to 7-day low amid renewed debt concernsEUR/JPY plunges to 7-day low amid renewed debt concerns

    April 14 2011 8:21 AM

    The euro fell to a seven-day low against the Japanese yen on Thursday, as concerns over sovereign debt crisis in eurozone got renewed after German finance minister Wolfgang Schaeuble said that Greece may need to restructure its debt.

  • EUR/GBP eases off from 5-month high as UK consumer confidence rebounds

    April 14 2011 6:48 AM

    The euro eased off from a five-month high against the pound on Thursday, after a report showed that UK consumer confidence rebounded in March from an all-time low recorded in February.

  • US dollar weakness to continue through second quarter: reportUS dollar weakness to continue through second quarter: report

    April 13 2011 10:41 AM

    The US dollar is expected to be weak against its major counterparts through second quarter this year, finding support only in the second half of the year, said a report on Wednesday.

  • Risk aversion fades, as Swiss franc and yen fallRisk aversion fades, as Swiss franc and yen fall

    April 13 2011 7:00 AM

    Risk aversion in the currency markets faded on Wednesday, as safe haven currencies such as Swiss franc and Japanese yen fell against the dollar and the euro, after a strong run up.

  • Yen tumbles against US dollarYen tumbles against US dollar

    April 13 2011 5:27 AM

    The Japanese yen lost ground against the US dollar on Wednesday, as risk appetite improves, hitting the demand for yen as a safe haven currency.

  • US trade deficit fell slightly in Feb.

    April 12 2011 10:32 AM

    The US trade gap narrowed slightly less-than-expected in February, following a surge in the previous month.