The yen declined versus most of the 16 main traded currencies today on a risk fueled session that favored higher-yielding currencies and the U.S. dollar, as favorable reports in the country continued to boost appetite for the greenback. The yen touched the lowest level in two-months versus the dollar after a confidence report in the U.S. indicated another increase and the most important house price index also improved, making the dollar to revert a losing trend and gain not only versus … “Yen Tumbles on U.S. Consumer Confidence”
Author: admin_mm
Dollar Drops on Risk Fueled Session
The dollar declined versus the euro and higher-yielding currencies as stocks rallied worldwide on evidences that the economic recovery is improving around the world, fueling risk appetite among traders that opted today specially by currencies like the South African rand, a high-yielding emerging market bet. The yen was one of the few currencies that lost versus the greenback today as risk appetite declined attractiveness for the safest bet in currency markets, and as speculations that … “Dollar Drops on Risk Fueled Session”
Euro Falls on Credit Concern, U.S. Confidence
The euro declined today versus the U.S. dollar and the pound after posting a rebound last week on weak U.S. housing data, but its deficient credit outlook for several bloc’s members is still affecting the common currency. The U.S. dollar gained today versus the euro before a report tomorrow which is likely to indicate improved consumer confidence in the world’s wealthiest nation, forcing the euro down as traders are still concerned … “Euro Falls on Credit Concern, U.S. Confidence”
Dollar Rises Before Confidence Report
The U.S. currency reverted a negative trend versus the euro before a consumer confidence report to be published tomorrow, which is likely to indicate improving conditions, raised attractiveness for the greenback in foreign-exchange markets. After losing for several consecutive days versus the euro and the yen, the dollar rebounded today in a rather calm trading session as liquidity declines in this period between Christmas and the New Year. Reports tomorrow are likely to improve confidence towards … “Dollar Rises Before Confidence Report”
Brazil’s Real Advances on Transactions, Risk Appetite
The Brazilian currency is ending the year of 2009 as the best performing currency in foreign-exchange markets and advanced versus most of the majors as large sums of foreign currency were sold in local markets today, consequently appreciating the real. After a single transaction of more than $200 million was effectuated in Brazil’s currency market, the real advanced versus all of 16 main traded currencies, and is likely to end the year as the best performing currency in foreign-exchange … “Brazil’s Real Advances on Transactions, Risk Appetite”
Yen Falls on Japanese Risk Appetite
The Japanese currency lost versus most of the 16 main traded currencies this Monday after a report published this morning in Japan indicated a higher monthly industrial production, damping demand for refuge currencies like the yen, and the Swiss franc. In a rather calm trading day as the U.K. and Canada have bank holidays, the yen fell versus all 6 majors, after reports in Japan decreased risk aversion and consequently appeal for the yen, the safest … “Yen Falls on Japanese Risk Appetite”
Euro to Drop in 2010 on EU Members Credit Rating
The European common currency may experience further declines in the beginning of 2010 against currencies like the Canadian and the U.S. dollar, as well as the Swiss franc, as concerns regarding the financial health among the bloc members fuel negative speculations in trading markets towards the euro. The euro had the sharpest drop versus the dollar in December after Standard and Poor’s downgraded Greece’s credit rating for the second time this year, affirming as well that further drops … “Euro to Drop in 2010 on EU Members Credit Rating”
Yen Posts Weekly Drop on Poor Interest Rate Outlook
The Japanese currency posted a poor performance this week as the economic recovery prospect is not leading traders to believe that interest rates will be raised from an all time record low, decreasing significantly the attractiveness for the Asian nation’s currency. Several negative reports affected the yen’s outlook as consumer prices declined in Japan during the past month, and the nation’s unemployment rate grew for the first time since July, being both … “Yen Posts Weekly Drop on Poor Interest Rate Outlook”
Chilean Peso Rebounds on U.S. Optimism
The Chilean peso had its first advance in five days as optimism towards the U.S. economic recovery returned to trade markets fueling demand for raw materials produced in the South American nation. A U.S. jobless claims report brought risk appetite up once again in commodities markets as speculations suggest that demand for energetic and metallic commodities are likely to rise in 2010, favoring the peso, since Chile is the world’s top copper … “Chilean Peso Rebounds on U.S. Optimism”
Canadian Dollar Bullish on Oil Rates, To Gain in 2010
As the crude oil, Canada’s main export to the U.S., continued to climb today, the Canadian currency traded high versus most of the 6 majors currencies, as the loonie’s outlook remains among the best bets for 2010 in foreign-exchange markets. The Canadian dollar outlook remained attractive this week as the crude oil advanced for a third straight day, providing support for the loonie, to gain versus the euro and the pound, and to a lesser extent, versus its U.S. counterpart. After an improving … “Canadian Dollar Bullish on Oil Rates, To Gain in 2010”