The Royal Institution of Chartered Surveyors said that the United Kingdom real estate market is stabilizing, spurring demand for the pound sterling after sequential days of losses. The pound gained this Tuesday against the dollar and the euro, after speculations that the worst days of the recession might be already behind. Britain is dealing not only with the economic recession that … “Great Britain Pound Rebounds on Improved Real Estate Data”
Month: June 2009
Canadian Dollar Climbs on Oil Rise, Stocks Rebound
The loonie posted significant gains versus the U.S. dollar as the crude oil continued to advance and optimistic speculations about the world economy brought stock markets up. Canadas dollar posted the highest gains in 59 years during the previous month thanks to a rebound in commodity prices and relatively to that, in the equities market. After a correction movement in the beginning of June making the loonie to lose 2.2 percent against the U. S. Dollar, it continued to strength, as stocks rebounded this Monday in North American … “Canadian Dollar Climbs on Oil Rise, Stocks Rebound”
Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises
The pound posted the fourth day of losses in a row against the U.S. dollar as a serious political crisis deepens in Great Britain, where Prime Minister Gordon Browns Labour party is losing influence significantly. Negative factors weighing on the pound are coming from virtually everywhere on the political sphere in the United Kingdom and the European Union, making the pound to reverse an uptrend started by signs of economic … “Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises”
Dollar Climbs on Interest Rates Raise Speculations
The dollar gained versus the main currencies as speculations that the U. S. Government will raise its interest rates by the end of the year, consequently causing a bearish day in equities markets around the world. High-yield currencies like the South African rand had a negative day against the dollar as the Fed fund futures showed a 40 percent possibility of interest rates raise for the second semester, a high jump from the previous 13 percent chance from a week ago. The yen … “Dollar Climbs on Interest Rates Raise Speculations”
Canadian Dollar – Took a Break or Changed Direction?
After a very volatile week where the USD/CAD bounced off a strong resistance line, the loonie is now tested: Was it just a normal retracement? Or did the trend reverse? 4 major indicators await the Canadian dollar: Housing Starts, Trade Balance, NHPI and a press conference by Mark Carney. Here’s an outlook for this week … “Canadian Dollar – Took a Break or Changed Direction?”
EUR/USD – Will it Get on its Feet Again?
After a rollercoaster week, the Euro will receive important figures throughout the week: German Factory Orders, Industrial Production, ECB Monthly Bulletin and two speeches by Jean-Claude Trichet. Here’s an overview of the major Euro figures + a quick technical look on the EUR/USD. Talks about abandoning the dollar as the world’s reserve currency are here … “EUR/USD – Will it Get on its Feet Again?”
U.S. Jobs Report Pushes Dollar Up Against Euro, Pound
The greenback had the highest rally since April against the euro, pound after a U.S. employment report indicated that fewer jobs were cut than forecasts predicted, fueling investors with optimism towards the North American economy. The U.S. dollar gained significantly against most of the main world currencies, as the report bringing better than expected news for the employment … “U.S. Jobs Report Pushes Dollar Up Against Euro, Pound”
Brazilian Real Demand Rises as Commodities Rally Strengthens
The Brazilian currency continued its rally against the dollar, euro, as the demand for commodities continues to rise on improved economic conditions mainly in Asia, spurring demand for assets in emergent markets. Since the price of commodities rebounded as the global slump started to show its first signs of recovery, the Brazilian currency is witnessing an impressive rally fueled by a combination of favorable factors in the global financial system and economy, to the point that the national central bank eventually buys foreign … “Brazilian Real Demand Rises as Commodities Rally Strengthens”
Pound Falls as Government Crisis Deepens
The British pound fell sharply versus the euro and the dollar as a fifth U.K. minister resigned, increasing the already significant concerns on Gordon Browns government stability and the British political future. The United Kingdoms prime minister Gordon Brown is facing a severe crisis in the Parliament, as Pensions Secretary James Purnell resigned this week, being the fifth minister to step down since the beginning … “Pound Falls as Government Crisis Deepens”
Brazilian Real Falls from Eight-Month High as Stocks, Commodities Drop
Brazils Real had the largest drop in six months falling 2.2 percent against the U.S. dollar and declining from an eight-month high, as commodities and stocks declined, reducing capital influx to South Americas most influential economy. After a rocketing rally that made the real to rise 24.6 percent since March 2, the real tumbled the most in six weeks, after a negative day in stock and commodities markets. The main reason that affected the reals price this week was the remittance … “Brazilian Real Falls from Eight-Month High as Stocks, Commodities Drop”