The Polish currency started another week gaining versus the euro as the economic recovery in the country and in other regions around the world, specially in North America, is making traders to bet in the zloty regionally, considering the Eurozone current crisis. After Polish officials affirmed that the country’s inflation may force the nation’s central bank to raise interest rates, the zloty gained versus the euro, hitting the highest level in more than a year, as the European single … “Polish Zloty Hits 2010 Record High Versus Weakened Euro”
Month: February 2010
Loonie Starts Week Bearish on Copper, Stocks
The Canadian currency didn’t manage to continue its last week rally as stocks and commodities markets had a less optimistic performance this Monday, setting the loonie down versus its U.S. counterpart and the Japanese yen. As stocks operated near neutrality and metallic commodities, like the copper, went down today, The Canadian currency retreated from its highest level in February versus lower-yielding currencies, as the market sentiment in Europe, once again affected … “Loonie Starts Week Bearish on Copper, Stocks”
Euro to Plunge Deeper on Fiscal Crisis Consequences
The outlook for the European currency is perhaps the worst since its introduction in 1999, as disparities among Eurozone members’ financial structure is likely to decline the appeal for the currency even further, since measures to bring budget deficits to the ECB’s target are likely to set several countries into a longer recession. After the Greek crisis affected markets in the Eurozone raising concerns regarding massive budget deficits in several bloc’s members, traders became … “Euro to Plunge Deeper on Fiscal Crisis Consequences”
Dollar Post Record Advance Versus Euro on Fed Tone
The dollar ended another week gaining versus the euro and the pound as the economic conditions in North America remain far more attractive than in the other side of the Atlantic, increasing the number of traders who are switching their investments from Europe towards the United States. After completing the sixth straight weeks advancing versus the euro, the dollar set the record for the longest weekly winning streak versus Europe’s single currency in 10 years, after … “Dollar Post Record Advance Versus Euro on Fed Tone”
Polish Zloty Down on European Confidence Decline
The Polish currency fell versus most of the main currencies from outside the European Union as the emerging budget problems in the region and an economic slow down among its trading partners decreased appetite for assets in the country. After ZEW economic reports showed a decrease in investor confidence in Poland and most of the Eastern European EU members, the zloty decreased versus high-yielding currencies around the world and a more attractive U.S. dollar, since the economic recovery in North … “Polish Zloty Down on European Confidence Decline”
Loonie Up Despite U.S. Discount Rate
The Canadian dollar pared all of its yesterday’s losses versus the U.S. and headed for another weekly increase versus the greenback and most of the main traded currencies as demand for the countries raw materials increased globally. The loonie manage to gain versus the U.S. dollar today despite renewed appetite for assets in the U.S. after the Federal Reserve raised its discount rate, signaling that the economic strength in the country is allowing central bankers to lift stimulus. … “Loonie Up Despite U.S. Discount Rate”
Pounds Meets Abyss on Fiscal Concerns, U.S. Discount Rate
The pound touched the lowest level in 2010 versus the greenback and declined versus most of the 16 main traded currencies as economic stimulus are likely to be maintained in the U.K., considering the slow pace of the nation’s economic growth and raising gap in the public accounts. The U.K. currency reached the lowest price in 9 months versus the U.S. dollar after the Federal Reserve rose its discount rate for the first time in three years, suggesting that the economic … “Pounds Meets Abyss on Fiscal Concerns, U.S. Discount Rate”
Another Euro Weekly Decline on EU’s Fiscal Crisis
The euro continued to decline for another week versus important currencies around the world as the some of the Eurozone member countries’ budget deficit is shunning investors from the region, considering the economic outlook in other parts of the world is significantly more attractive to investors. The European single currency touched the lowest levels in 2010 versus important currencies like the U.S. dollar, the Brazilian real and other higher-yielding options in foreign-exchange markets as the Eurozone countries known … “Another Euro Weekly Decline on EU’s Fiscal Crisis”
Fed Mini-Hike – Which Currencies Are More Vulnerable
Ben Bernanke surprised everybody with a hike of the Fed’s discount rate. The response was immediate and shook all the markets. Some currencies weathered the storm, while others are at critical spots. Here’s a quick damage control. The Federal Reserve only raised the special discount rates for banks, and said that businesses and households won’t … “Fed Mini-Hike – Which Currencies Are More Vulnerable”
NZ Dollar Down on Trading Partners Hawkish Tone
The New Zealand dollar started this Friday losing versus currencies from its main trading partners as central bankers from Australia and the U.S. are adopting a hawkish tone leaving the New Zealand dollar less attractive as rate hikes are not forecast in the short term for the kiwi nation. After the Federal Reserve raised its discount rate for the first time in three years in the U.S. and central bankers in Australia stated that … “NZ Dollar Down on Trading Partners Hawkish Tone”