The Japanese yen grows against the U.S. dollar today after yesterday’s correction on USD/JPY pair, as the traders are speculating on the possible funds repatriation performed by the Japanese exporting companies. The Bank of Japan left the reference interest rate unchanged at 0.1 percent. The institution also released a statement, showing that it may stop buying domestic corporate debt by the end of the year, showing a confidence in a stronger economy. The yen rose against … “Japanese Yen Rises on Funds Repatriation Speculations”
Month: October 2009
Pound Extends Gains on Mortgage Approvals
The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector, fueling attractiveness for the British currency. The pound rose today after mortgage approvals came better than expected, indicating that British real estate sector may be recovering, which coincided with a quarterly GDP reporter in the U.S. … “Pound Extends Gains on Mortgage Approvals”
Brazilian Real Rebounds on Domestic and Global Optimism
The Brazilian had one of the sharpest climbs versus the U.S. dollar today as both the domestic and international economic scenario set the risk appetite high increasing appeal for emergent market currencies, and setting the greenback down versus most of the 16 main traded currencies. After a report showing a growth for the past quarter in the world’s wealthiest nations, the United States, risk appetite surged in currency markets favoring the Brazilian real that also gained due … “Brazilian Real Rebounds on Domestic and Global Optimism”
Canadian Dollar Reverts Negative Trend on Stocks Rebound
The Canadian dollar, which posted consecutive days of losses during this week changed its negative trend after stocks recovered globally fueled by a report that showed a quarterly growth for the U.S. economy, which sparked risk appetite once again among traders. The Canadian currency found grounds to recover part of this week’s losses as the U.S., main trading partner and biggest consumer of Canadian commodities posted the first quarterly … “Canadian Dollar Reverts Negative Trend on Stocks Rebound”
Canadian dollar should enjoy good GDP
After being blown away from parity following the rate decision, Canada’s monthly GDP might help the Canadian dollar. The good GDP release in the US could signal that also Canada’s GDP is will be on the bright. Here’s a preview for the Canadian GDP. Canada publishes its monthly GDP on Friday at 12:30 GMT. Canada … “Canadian dollar should enjoy good GDP”
Crude Oil Affects Mexican Peso Rate
A decline in crude oil rates forced down a basket of currencies which are originally from oil exporter countries, which is the case for the Mexican peso, continuing a losing streak versus the U.S. dollar that started as risk aversion emerged this week. Emergent market currencies like the South African rand, Mexican peso and the Brazilian dollar are having a rather negative performance this week as demand for commodities dropped worldwide, … “Crude Oil Affects Mexican Peso Rate”
Norwegian Krone Down Despite Central Bank Optimism
The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently the krone. The Norwegian central bank raised its main deposit rank by 25 points to 1.5 percent and affirmed that the country will grow more than previously expected, but such events were unable to stop the krone … “Norwegian Krone Down Despite Central Bank Optimism”
U.S. Dollar Rises on Negative Home Sales Report
Markets were affected by pessimism today after a monthly U.S. home sales report was published with rather unexpected negative figures, helping the dollar to gain versus almost all of 16 main traded currencies, as risk averse traders opted for safety this Wednesday in trading markets. The dollar extended this week’s gains today as risk aversion returned to markets after being absent for several weeks as favorable reports … “U.S. Dollar Rises on Negative Home Sales Report”
Canadian Dollar Down Another Day on Stocks
This week is being one of the most negative for the Canadian currency in months, as stocks and commodities declined significantly, and considering the loonie one of the most influenced currencies by these movements, today’s drop set the Canadian currency to the lowest level in 3 weeks versus the greenback. The Canadian dollar posted a decline versus more than half of 16 main traded currencies today as stocks and commodities faltered once again around the world as risk … “Canadian Dollar Down Another Day on Stocks”
Pound Extends Gains on Retail Sales
Speculations that retail sales would post another month of gains were confirmed providing support for the pound to regain terrain versus the euro and several other currencies, changing the negative outlook for the British currency to a better trajectory. The pound gained versus most of 16 traded currencies as retail sales in the U.K. touched the highest level in 2 years in October, bringing confidence back towards pound-priced assets, after rather turbulent weeks that … “Pound Extends Gains on Retail Sales”