month highs on Spain uncertainty
LONDON, Sept 18 (Reuters) The euro fell on Tuesday, succumbing to profit taking after rallying to four canada goose month highs against the Canada Goose Coats On Sale dollar and yen a day earlier, with canada goose store Spain apparent reluctance to seek a bailout unnerving investors. Federal Reserve launched a fresh round of monetary stimulus last week.
Market players canada goose black friday sale said rising bond yields in Spain, uk canada goose outlet which hovered around 6 percent on 10 year debt, also weighed on market sentiment and added to pressure Canada Goose online on the euro.
Spain steps forward (to ask for a bailout) and canada goose clearance sale all of us get some clarity it would remove an element of uncertainty, said Derek Halpenny, European head of FX research canadian goose jacket in London.
longer we remain in this scenario the morelikelihood uk canada goose is canada goose uk shop investor confidence will ebb away.
The single currency fell 0.5 percent to $1.3054, having hit $1.3173 hit on Monday, its highest since Canada Goose Outlet May 4. Traders said option barriers at $1.3200 appeared safe for now.
The euro has rallied about 9 percent from a two year low of $1.2042 in July when investors were worried the currency bloc might be heading for a break up as cheap canada goose uk Spanish and Italian borrowing costs soared.
Optimism the European Central Bank new bond buying scheme will Canada Goose sale help Madrid weather the debt crisis helped lift the euro, although uncertainty over whether Spain will seek a bailout tempered recent positive sentiment.
In a Canada Goose Online television interview on Tuesday, Spain Deputy Prime Minister said the country was still considering the conditions of a possible bailout.
A slightly better than expected German analyst and investor sentiment survey that rose in September after four months buy canada goose jacket cheap of decline, failed to Canada Goose Parka lift the single currency.
The euro also fell 0.5 percent against the yen to buy canada goose jacket trade at 102.69 yen, having rallied to a four month high of 103.858 yen on Monday.
BOJ SPECULATION The dollar traded at Canada Goose Jackets 78.61 yen, having risen as high canada goose clearance as 78.93 yen on Monday on buying by speculative accounts such as hedge funds, traders said. It hit a seven month low of 77.13 yen just last Thursday.
are quite a lot of expectations about the BOJ canada goose uk black friday easing priced in now. The dollar/yen is unlikely to fall much ahead of the outcome of the BOJ policy canada goose uk outlet meeting, said a senior trader at a European bank, referring to the bank two day meeting that started canada goose coats on Tuesday.
The Fed announcement last week of a new asset buying programme has led to speculation the BOJ might also ease policy canada goose coats on sale to prevent the yen from strengthening.
expect the Bank of Japan to increase its asset buying fund by five trillion yen ($63 billion). If it does, the dollar might have a chance to break resistance around 79.50 yen. Alternatively, if canada goose factory sale it doesn the dollar will fall below 78 yen, said Osamu Takashima, cheap Canada Goose chief Japan FX strategist at Citibank.
The Australian dollar traded at $1.0421, pressured by worries that slower growth in China would put the brakes on Australia mining boom.