The Brazilian real continued to be influenced by bearish equities and commodities markets and did not manage to pare gains after falling during the most of the time last week. Brazil is one of the main metallic commodity exporters in the world, and uncertainty brought by U.S. and Chinese statements regarding new financial regulations for loans in both countries still impacted market sentiment today, decreasing demand for raw materials and riskier assets globally, forcing the real … “Brazil Real Remains Near 2010 Record Low”
Author: admin_mm
Australian Dollar Pare Losses on Inflation
The Australian dollar managed to gain versus lower-yielding currencies before a report to be released this week in the country is likely to show an advance in inflation in the last year’s last quarter, helping speculations that a series of interest rates in the country will restart. The Aussie rebounded after losing versus most of lower-yielding currencies last week as risk aversion remained predominant in majority of trading hours. Investors in the South Pacific region are waiting … “Australian Dollar Pare Losses on Inflation”
Stocks Push Loonie Further Down
The Canadian dollar continued its last week trajectory this Monday as markets that have strong correlation with its price operated on the red globally, forcing the loonie down versus virtually all of 16 main traded currencies in the beginning of this week. Since risk aversion declined two weeks ago with a Chinese statement announcing lending restrictions in the country and followed by a White House speech concerning the same tendency in the U.S. … “Stocks Push Loonie Further Down”
Pound Bullish Before GDP Report
The pound rose in the beginning of this week’s trading session before a gross domestic report to be published tomorrow in the U.K., which according to forecasts will show positive figures, making the Great Britain to leave the worst recession since the Second World War. The U.K. currency is rallying on hopes that forecasts for a GDP report will be confirmed tomorrow, showing an quarterly advance of 0.4 percent, which would revert a negative trend … “Pound Bullish Before GDP Report”
Yen More Attractive on Renewed Risk Aversion
The yen ended the week with a very positive performance versus most of the main traded currencies as a new wave of risk aversion brought traders to purchase assets in the Asian country, since the yen is well-known for being the safest refuge currency for times of uncertainty in trading markets. The yen climbed significantly this week versus the U.S. dollar after a White House statement proposing new regulations for banking institutions in the country fueled speculations that … “Yen More Attractive on Renewed Risk Aversion”
South Korean Won Biggest Loser in Asia on Risk Aversion
The South Korean currency, one of the best performers in 2009 among Asian emerging markets, had a severe weekly decline as risk aversion remained predominant after China’s statements regarding new regulations on its economy. After China announced it will take further measures to control inflation in the country, which can be understood with implied slower economic growth, the South Korean currency declined versus most of its main … “South Korean Won Biggest Loser in Asia on Risk Aversion”
Pound Ends Week Falling on Retail Sales
The U.K. currency retreated from a previous advance versus the euro as attractiveness for the currency declined after a report showed worse than expected numbers for monthly retail sales in Britain before the end of this week’s session. The pound lost versus several currencies including the U.S. dollar and the euro after a retail sales report showed an increase of 0.3 percent in December, much below what forecasts suggested on their majority, expecting a growth beyond … “Pound Ends Week Falling on Retail Sales”
Euro Rebounds Versus Dollar After Obama’s Speech
After touching the lowest level in 2010 yesterday versus the U.S., the euro advanced on speculations that a White House proposal will shun investors from North America, allowing the euro to gain versus the greenback in foreign-exchange markets this Friday. The euro posted its first advance versus the dollar since Tuesday as U.S. President Barack Obama speech done yesterday proposing news restrictions and prohibitions for financial institutions in the country to use in hedge … “Euro Rebounds Versus Dollar After Obama’s Speech”
Canadian Dollar Falls Further on Retail Sales
The Canadian currency is going to end this week with the worst performance since the year started, as commodities and stocks declined during most of the week and today a retail sales report showed negative monthly figures, shunning investors from loonie-priced assets. The loonie had a very severe losing streak since Jan 14th when it was rallying towards parity with its U.S. counterpart, since then, virtually all … “Canadian Dollar Falls Further on Retail Sales”
Canadian Dollar Down on China, U.S. Statements
The Canadian dollar was one of the most affected currencies by a new wave of risk aversion today as the country’s currency has a strong correlation with stocks and commodities markets, which fell significantly on statements regarding financial restrictions to be imposed by China and the United States. After a Chinese statement suggesting that economic growth will be controlled in the nation and a White House statement proposing stricter policies for banks in the country, the Canadian dollar fell … “Canadian Dollar Down on China, U.S. Statements”