The New Zealand dollar started this week losing versus the greenback and the yen as higher-yielding currencies attractiveness declined while risk aversion grew among traders globally, shunning investors from assets in the South Pacific region. After a radio interview in which Allan Bollard, Reserve Bank of New Zealand Governor, stated that a strong kiwi is affecting the nation’s exports performance, the New Zealand currency declined versus most of the 16 … “New Zealand Dollar Falls on Central Bank Governor Interview”
Month: August 2009
Yen Benefits from Japanese Elections
The yen started this week climbing versus several higher-yielding currencies worldwide as Asian stocks declined today, spurring demand for the safety of the yen, which is also benefiting from a new elected party in Japan, renewing hopes for the nation’s socioeconomic future. A new ruling party was elected this weekend in Japan leading speculators to believe that foreign investors will once again inject capital in the country, since the opposition Democratic … “Yen Benefits from Japanese Elections”
Canadian Dollar Pare Gains on Risk Aversion
In the end of this week’s session the Canadian dollar pared its previous gains as risk aversion rose this Friday, affecting U.S. stocks performance and also the crude oil, the main Canadian commodity exported to the United States, influencing the loonie’s outlook. The Canadian currency rose 12 percent versus its U.S. counterpart this year, and since June, Bank of Canada officials are stressing on the fact that a very strong loonie may … “Canadian Dollar Pare Gains on Risk Aversion”
Poland’s Economic Outlook Provide Support for Zloty
The Polish currency extended last week’s gain this week as the Eastern European nation is showing one of the quickest recoveries in the region, increasing attractiveness for the zloty regionally. After growing beyond economists expectations for the last quarter, Poland is being considering one of the most solid economies in the region, fact which is favorable for the zloty to gain versus several currencies, but mainly against the euro as the Polish currency suffered a severe devaluation … “Poland’s Economic Outlook Provide Support for Zloty”
Dollar Pare Losses on Renewed Attractiveness
The dollar gained versus the euro and the pound in the very end of this week’s session as a bearish movement in stock markets increased attractiveness for the relative safety of the U.S. currency. Continuing in the role of main global reserve currency, the dollar climbed versus its most traded rivals before market closed today, gaining versus the euro and the pound as uncertainties remain strong concerning the global economy recovery, rising attractiveness for the relative safety provided to investors by … “Dollar Pare Losses on Renewed Attractiveness”
Russian Ruble Advances on Oil, Equities
The Russian currency had the first gains after three days of losses versus the greenback as the crude oil rates climbed on speculations that demand will rise, suggesting that the one of the main global oil producers will export more of its commodities. Russia is one of the main suppliers of energy for the European Union and since the first signs of economic recovery started to appear in the beginning of the year, the oil, one of Russia’s main natural resource … “Russian Ruble Advances on Oil, Equities”
Yen Further Down on Equities Optimism, Unemployment
The yen continued to lose today versus most of the 16 main traded currencies as equities and commodities markets rebounded worldwide yesterday, as the global economic recovery is pushing investors to riskier assets. Today, a Japanese employment report, indicated that 5.7 percent of the workforce in the country is currently not employed, the highest rate since the Second World War, suggesting that the wealthiest Asian nation, even if posting some positive economic … “Yen Further Down on Equities Optimism, Unemployment”
Forex Trading and GDP Differences
Britain’s GDP for the second quarter was revised upwards today. Revised GDP exceeded the initial publications in many countries. If the second quarter is better, will we see strong growth in the third quarter? A look at recent releases and their impact on forex trading. Not all countries are recovering equally, and these differences are … “Forex Trading and GDP Differences”
Brazilian Real Rebounds from August Lowest Rates
The Brazilian currency touched the weakest level in August today on global economic concerns but rebounded after stocks and commodities climbed worldwide, spurring demand for emergent markets assets. After several days of bearish market on Chinese limitations towards steel and cement production, today equities markets worldwide rebounded, causing a domino effect that provide support for commodities to climb, influencing emergent market currencies like the Brazilian real up, which … “Brazilian Real Rebounds from August Lowest Rates”
Canadian Dollar Rebounds on Oil
After two days of losses versus its U.S. counterpart as risk aversion climbed in trading markets worldwide, the Canadian dollar rebounded as stocks as the crude oil reverted their losing trends and gained today. The Canadian dollar was losing sequentially versus the U.S. dollar and the euro after Bank of Canada officials stated that the current loonie rally could affect negatively the country’s growth as Canadian products become less competitive, but … “Canadian Dollar Rebounds on Oil”