The Mexican Peso climbed to a 2-month high after Moody’s stated that the country has a stable outlook for investments, erasing speculations that the country would be downgraded for the first time since 1995. The Mexican peso, together with multiple other emergent-market currencies, is gaining versus the U.S. dollar during the last weeks, and today, Moodyâs Investors Service affirmed that the current country investment profile is stable, lifting doubts … “Mexican Peso Climbs on Credit Rating”
Month: August 2009
Pound Continues Rally Versus Euro and Dollar
The pound is gaining again versus the euro and the dollar as services industry grew and U.K manufacturing jump beyond expectations in July, pushing the pound to the highest level in 9 months. The pound sterling may be climbing its way to pre-crisis levels as positive news for the British economy appeared this week after months of consecutive shrinking numbers and political crisis in the British Isles. Today the pound is trading at the highest level in 9 months … “Pound Continues Rally Versus Euro and Dollar”
Finance Minister Halts Canadian Dollar Rally
The Canadian dollar, which has been gaining heavily versus several most traded currencies, finally stopped its rally after the national Finance Minister affirmed that eventual measures may be taken to damp the rising demand for the loonie, which is already jeopardizing Canadian exports. The Canadian currency was one of the best performing ones since the world started to post more solid signs of economic recovery last month, … “Finance Minister Halts Canadian Dollar Rally”
Israel’s Sheqel Falls on Dollar Purchase Speculations
The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency. The Government of Israel started a program last year when the global slump had its worst moment to increase national exports competitiveness, buying U.S. dollar as an attempt to weaken the national currency. Today, the Israeli sheqel was amongst the worse performing world currencies losing more than 2 … “Israel’s Sheqel Falls on Dollar Purchase Speculations”
Will the Pound Rebound to Pre-Crisis Levels?
The pound posted today a positive performance versus the U.S. dollar bringing the British currency to the highest levels in more than 9 months, leaving speculations of an eventual rebound for the Great Britain currency. A British construction index indicated today the slowest contraction in the sector in a 16 months period, which helped the pound to gain versus the greenback, reaching the highest level in 9 months, and versus the euro, topping at the strong rate in 30 days. The pound was … “Will the Pound Rebound to Pre-Crisis Levels?”
Yen Rebounds on Stocks Correction Movement
After gaining sharply for three days in a row, today stocks declined around the world, fueling demand and opening a profit opportunity with the currently weakened Japanese currency, which is witnessing its first significant climb in a week. Today, Bayerische Motoren Werke AG, commonly known to the public as the BMW vehicle manufacturer, posted a 76 percent decline in its profits, causing European stock markets to open in the negative, consequently attracting stock … “Yen Rebounds on Stocks Correction Movement”
Canadian Dollar Climbs Fueled By Stocks Rally
The Canadian dollar reached a 10-month high versus its U.S. counterpart as corporate earnings, mainly in North America, but also in Asia and Europe, posted better-than-expected numbers, pushing investors to the already attractive Canadian currency. The crude oil price rally during the past weeks has been favoring the Canadian dollar massively, since one of the main national exports to the U.S. is the oil, which experiences an increase on its price as demand for energy … “Canadian Dollar Climbs Fueled By Stocks Rally”
Pound Hits 9-Month High on HSBC Earnings
The British currency had one of the best performances this year today as the U.K. financial sector showed evidences of recovery as corporate earnings improved. HSBC Holdings Plc posted a significant net profit today annulling analysts forecasts that indicated a loss for this year’s first semester, making the pound to climb massively not only versus a weakened U.S. dollar, but also against the European common currency, reaching a one-month high … “Pound Hits 9-Month High on HSBC Earnings”
Where Will Brazil’s Real Rally Go?
The Brazilian real posted another day of heavy gains versus the U.S. dollar indicating that the South American currency is one of the most preferred among risk thirsty traders. The Brazilian currency reached an eleven-month high against the U.S. dollar as manufacturing in China, Brazil’s most relevant commercial partner, had the highest rise in a year, spurring demand for the real and improving attractiveness in South American stock exchange markets. The real climbed more … “Where Will Brazil’s Real Rally Go?”
Euro Climbs on U.S. Data Speculations
The euro has been trading near a two-month high versus the dollar during most of the past week, and may climb to higher levels today on a U.S. manufacturing report that is likely to show the highest production in a twelve-month period, raising risk appetite among investors and affecting the greenback negatively. The dollar is losing constantly versus the Eurozone currency since the global economy has been posting more solid signs of recovery, three … “Euro Climbs on U.S. Data Speculations”