US Dollar Slips as Risk Aversion Subsides美元缆作为风险规避补贴

May 12, 2008 – 8:57 pm 2008年5月12日-下午8时5 7分

Written by Terri Belkas and David Song, DailyFX.com写的特瑞belkas和大卫宋, dailyfx.com

The US dollar swayed as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. 该美元左右,因投资者继续饲料其风险的胃口,领导收益较高的商品货币更高。 As a result, the low yielding Yen took the biggest loss against the greenback, with the Swiss franc following behind as the pair rose to trade in the 1.044 range. 因此,低产日元了最大的损失,对greenback ,与瑞士法郎以下的背后,作为对上升到贸易,在1.044范围内。 Against the European currencies, the US dollar continued to lose its footing as mounting inflationary concerns in 对欧洲货币,美元继续失去其地位日益通货膨胀的忧虑 Europe 欧洲 took hold of investors. 举行了投资者。 As a result, both the Euro and British pound advanced against the US dollar as the pairs rose to 1.553 and 1.957, respectively. 因此,无论是欧元和英镑的先进对美元作为对上升至1.553和1.957 ,分别为。

A speech by Chicago Fed President Evans lowered the growth prospects for the 全文芝加哥联储主席埃文斯降低了经济增长的前景为 US 美国 economy as he highlighted the growing weakness in household spending, and stated economic growth to remain sluggish throughout 2008. 经济作为他强调,越来越多的弱点,在家庭支出,并说明经济增长仍然呆滞在整个2008年。 However, Fed President Evans did go on to say that he expects economic growth to recover by 2009, and expects inflation to fall within 1.5 to 2 percent by 2010. 不过,联储主席埃文斯没有去上说,他预计经济增长复苏,到2009年,并预计通胀率下降1.5到2 % ,到2010年。 On the economic front, the US Budget Surplus fell to $159.3B from $177.7B as the government continued to dish out more money for military and governmental agendas, with corporate tax receipts falling more than expected as it dipped 15 percent this year. 在经济方面,美国的财政盈余下降至159.3b元177.7b作为政府继续抛出更多的钱用于军事和政府的议事日程,与公司税收益的下降,更比预期的,因为它下降15 %左右。

The stock markets started the week strong as HP moved a step closer in completing its takeover of Electronic Data Systems Corp, with oil prices adding to the mix as it fell for the first time in seven trading sessions. 股票市场开始的一周内强大的惠普提出的一个步骤密切,在完成其收购电子数据系统公司,与石油价格增加了结构,因为它首次下降时间在7个交易日。 As a result, the DJIA rose 130.43 points to 12,876.31 points, with 27 of the 30 components advancing. 因此,道指上升130.43点,至12876.31点,与27日的30个组件与时俱进。 The broader S&P500 picked up 15.30 points to hold off at 1,403.58 points, with advancing issues more than doubling the number of declining issues. 更广泛的标普500回升15.30点,至暂缓在1403.58点,与与时俱进的问题,增加一倍以上的人数下降的问题。

Demands for US Treasuries wavered as the stock markets advanced, with investors turning away from the safe haven of risk free bonds. 要求美国国库券的动摇,作为证券市场先进的,与投资者的转折脱离安全避难所的无风险债券。 As a result, the benchmark 10-Year yield jumped to 3.797 percent from 3.775, while the 2-Year yield surged to 2.321 percent from 2.247. 因此,基准的十年期国债殖利率跃升至3.797 % ,从3.775 ,而2年期债券收益率攀升至2.321 % ,从2.247 。

Looking ahead, we expect increased volatility for the British pound and US dollar as the UK Consumer Price Index and the US Advanced Retail Sales Index will be the major event risks for tomorrow. 展望未来,我们预期上升波动为1英镑和美元作为英国的消费物价指数和美国先进的零售销售指数,将成为一件大事,风险的明天。 We expect 我们期望 UK 英国 consumer price inflation to edge up to 2.6 percent from 2.5 percent, while we anticipate 消费物价通胀攀升至2.6 % , 2.5 % ,而我们预期 US 美国 retail sales to drop 0.2 percent from 0.2 percent. 零售销售下降了0.2 % ,至0.2 % 。 The UK CPI data is due out for release at 8:30 GMT, and will be followed by the US Retail Sales index at 12:30 GMT. 英国消费物价指数数据,是由于为释放在格林威治时间8时30分,随后将在美国零售销售指数在格林威治时间12时30分。

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