After renewed expectations for growth in South America’s wealthiest country, the real found support to extend its gains and remain one of the best performing currencies this year so far, as international investments are expected to grow in 2010. Brazilian economists suggested through a survey today that national economic growth may be around 4.5 percent for the next year, a higher value from previous expectations, fact which helped to real … “Brazilian Real Rallies on Growth Forecast”
Month: September 2009
New Zealand Dollars Fall on Asian Sentiment Scenario
The New Zealand currency fell versus the U.S. dollar and the yen after speculations suggested that Japanese investors are repatriating capital invested abroad and Asian stocks had a rather bearish start of the week declining investors’ appetite for risk. After Japan’s Finance Minister Hirohisa Fujii‘s declarations suggesting that the national government is unlikely to intervene in the yen’s movements in currency markets, the attractiveness for the New Zealand dollar declined, as Japanese investors … “New Zealand Dollars Fall on Asian Sentiment Scenario”
Yen Climbs on New Government Expectations
The Japanese currency started this week gaining sharply versus most of the 16 main traded currencies as speculations suggest that a shift in the Japanese government will change regulations toward the national currency, eventually allowing the yen to appreciate, which is improving the Asian currency’s profile this Monday. Finance Minister Hirohisa Fujii‘s declarations moved the yen rates today after he affirmed that current volatility in the Japanese currency is … “Yen Climbs on New Government Expectations”
Canadian Dollar Drops Sharply on Oil Rates
The Canadian dollar had one of the worse weekly performances in months as a decline in crude oil prices towards the end of this week affected negatively the loonie’s outlook, considering the energetic commodity as one of the main exports of the North American nation. Several reasons changed a rather bullish tone regarding the Canadian currency as a U.S. dollar with improved attractiveness and a downturn in commodities markets shifted the winning trend of the Canadian currency which touched a one-year high … “Canadian Dollar Drops Sharply on Oil Rates”
Brazilian Real Declines Again on Slow Economic Recover
The Brazilian Real had an extreme volatile week, declining again towards the end of this week’s session after hitting the highest rate in 2009 versus the greenback days earlier. A rather bearish tone in commodities and equities markets towards the end of this week’s session affected negatively the performance of the emergent-market Brazilian currency, as traders opted for safety considering statements made in the G-20 meeting and a drop in U.S. durable good orders. USD/BRL traded at 1.8003 … “Brazilian Real Declines Again on Slow Economic Recover”
Yen Extend Gains after G-20 Meeting
The Group of 20 meeting moved market sentiment towards the end of this week’s session, and the yen was one of the best performing currencies climbing to a seven-month high after statements made in the meeting. Japan’s Finance Minister Hirohisa Fujii stated today, in the G-20 meeting, his opposing position to any kind of intervention in currency markets, adding confidence for traders to purchase yen-priced assets towards the end of this week’s session, as the yen gained versus … “Yen Extend Gains after G-20 Meeting”
Pound Touches Record Low on G-20 Meeting
The British currency was once again affected by the international economic scenario reaching the lowest rate versus the euro in six-months, as the G-20 announced that banking institutions will be better regulated in order to avoid future credit crunches, reflecting negatively in the already weakened British financial system. The pound is losing versus virtually all of the 16 main traded currencies towards the end of this week as the Group of 20 is likely to present … “Pound Touches Record Low on G-20 Meeting”
New Zealand Dollar Climbs on G-20 Stimulus
The New Zealand currency has been one of the best performers among the 16 main traded ones in foreign-exchange markets, since the global economic recovery brought risk appetite back among investors which are purchasing assets in the South Pacific region heavily. After the New Zealand government indicated that the nation’s economy grew in the last quarter dodging recession, the kiwi found support to climb for another week versus the greenback, making … “New Zealand Dollar Climbs on G-20 Stimulus”
German Elections and the Euro
General elections are held in Germany on Sunday, September 27th. Learning from the past, EUR/USD may move strongly at the beginning of the week, and even start with a weekend gap. Germany’s general elections are held on Sunday, September 27th. The main contestants are the incumbent chancellor Angela Merkel of the center-right CDU party, and … “German Elections and the Euro”
Faltering Oil Affects Canadian Dollar Performance
The Canadian dollar along as other high-yielding currencies, witnessed a fall today in trading markets as the crude oil price, one of the main nation’s exports, declined sharply, affecting the loonie’s performance in foreign-exchanges markets towards the end of this Thursday. Stocks and commodities play a significant role in the Canadian dollar performance, and today, as risk aversion rebound slightly, a down market in equities impacted negatively the loonie, which fell versus most of the 16 main traded … “Faltering Oil Affects Canadian Dollar Performance”