The U.S. dollar failed to pare yesterday’s losses as risk appetite continued to favor higher-yielding and commodity related currencies, erasing partially last week’s advance for the greenback as factors supporting the dollar’s strength continued to fade this Tuesday. The greenback had its second day of losses this week even if pending home sales in the U.S. increased, as demand for riskier assets rose globally allowing specially commodity linked currencies like the Canadian … “Dollar Slides Versus Commodity-Linked Currencies”
Author: admin_mm
Aussie Dollar Falls on Unchanged Rates
Despite risk appetite fueling demand for commodities produced in Australia, the Aussie dollar declined after a central bank decision published today showed no rate hikes expected by traders as the country’s economy rebounds. The Australian dollar broke its 2010 record low versus the greenback after forecasts hoping interest rates to be raised in the country were not confirmed, frustrating traders that opted for other commodity producer’s currencies as the South … “Aussie Dollar Falls on Unchanged Rates”
Aussie Rate Decision Larger Impact on Markets
The decision to leave Australian’s interest rates unchanged left the Aussie vulnerable and hurt. A look at the decision, the impact for the Aussie and the larger impact for other currencies as the Non-Farm Payrolls are coming. The decision Although it wasn’t totally unexpected, the decision to leave the Australian Cash Rate at 3.75% and … “Aussie Rate Decision Larger Impact on Markets”
Canadian Dollar Advances on Commodities Rebound
The Canadian dollar started February gaining after posting several consecutive losses in the last days of January as risk aversion dominated markets globally, but renewed confidence on the economic recovery allowed markets that influence Canada’s currency to gain considerably this Monday. Canada’s raw materials export are fundamental for the nation’s economic development, and today’s increase in the crude oil rates, as well as bullish patterns on stock charts, benefited the loonie with … “Canadian Dollar Advances on Commodities Rebound”
Pound Slides on Real Estate Data
The pound was of the few currencies which couldn’t profit from a higher risk appetite today versus the dollar and the yen as another real estate report declined attractiveness for Britain’s currency, which started the week falling versus multiple currencies. After two reports published today in London showed a decline on house prices and mortgage approvals in the British real estate market, the pound slid versus a stronger euro, an attractive Swedish krona that … “Pound Slides on Real Estate Data”
Dollar Tumbles on Increased Risk Appetite
The U.S. dollar lost versus most of the main traded currencies in foreign-exchange markets with a stronger risk appetite today as traders expect the economic recovery to accelerate, decreasing demand for refuge currencies after the dollar gained during most of the past week’s sessions. Even if U.S. data published today did not frustrated traders, a renewed appetite for riskier assets brought traders to purchase higher-yielding currencies while demand for commodities like … “Dollar Tumbles on Increased Risk Appetite”
Euro Rebounds on Stocks Performance
After losing versus most of the main traded currencies during last week’s session, the euro rebounded today as stocks surged globally, renewing confidence for higher-yielding currencies, and forcing the greenback down versus the European single currency for the first time in 5 days. The euro profited from a less risk averse scenario today as stocks and commodities witnessed an advance on their prices as investors bet on the economic recovery as some countries consider lifting stimulus … “Euro Rebounds on Stocks Performance”
Euro May Fall Further After Monthly Drop
The start of 2010 was rather grim for the European single currency as consumer confidence and economic acceleration decreased in the European Union, adding to the negative sentiment spread in markets but some of the bloc’s members raising budget deficits. The Eurozone has been shunning investors as multiple countries using the single currency like Ireland, Portugal, Italy, Spain and specially Greece are having a hard time to tighten the gap on their national accounts, as budget deficits … “Euro May Fall Further After Monthly Drop”
Brazilian Real Posts Weekly Drop on Chinese Demand
The Brazilian real, ranked as the best performing currency in foreign-exchange markets during the past year, posted another weekly drop and ended the month losing versus most of the main traded currencies as appeal for Brazilian raw materials declined on renewed risk aversion. The Brazilian currency reached the lowest rate in 2010 versus the U.S. dollar this Friday as both international and national scenarios provided traders with pessimistic news that fueled an exodus of capital … “Brazilian Real Posts Weekly Drop on Chinese Demand”
Canadian Dollar Falls Despite Positive GDP
The Canadian dollar ended another week declining versus its U.S. counterpart and lower-yielding currencies despite a report showing that the nation’s economy grew for another month, as the U.S. GDP report had more impact in markets globally. Even if a report showed that Canada’s gross domestic product rose for a third consecutive month in November 2009, the loonie declined versus the greenback as a report indicated that the U.S. economy expanded more … “Canadian Dollar Falls Despite Positive GDP”