As the market sentiment has shifted towards the end of this year’s trading session, emerging market currencies like the Brazilian real and the South African rand, which ranked among the top performers in currency markets, may witness a decline in 2010 versus wealthy nations’ currecies in process of economic recovery. Since the U.S. economy has produced optimistic reports earlier this month, higher-yielding possibilities available in emerging markets are not as attractive … “Emerging Market Currencies to Decline in 2010”
Author: admin_mm
Yen Down on U.S. Optimism
The Japanese currency started the week losing versus the greenback as the U.S. economy recovers, reiterating speculations that Fed stimulus may be lifted in a foreseeable future. The yen lost today specially versus the dollar and the Swiss franc as fundamental factors in both nations produced capital inflows to the U.S. and Switzerland, leaving a less attractive Japanese currency behind, as the Asian’s nation moneraty policy remains as the less welcoming for traders searching refuge investments. USD/JPY … “Yen Down on U.S. Optimism”
South African Rand Down as Greenback Appeal Rises
The South African rand continued a decline that set it to the lowest rate in almost two months as a greenback rebound is decreasing attractiveness for high-yielding emergent market currencies. The dollar’s losing trend that was predominant during most of this year’s quarters favored traders chasing high-yieding options in emergent markets often funded by low borrowing costs in the U.S., providing conditions for the so called carry-traders to become extremely popular among … “South African Rand Down as Greenback Appeal Rises”
Canadian Dollar Bullish on Commodities, Retail Sales
The Canadian dollar extended its last Friday advance and gained versus the euro and the Australian dollar as stocks in North America rose, evidencing the loonie’s correlation with equities and commodities markets, which also climbed today as demand for metals surged. Favorable reports today in Canada pushed the loonie up in currency markets as retail sales in the country advanced for another month, even if less than forecasts estimated, helping the Canadian dollar to rank … “Canadian Dollar Bullish on Commodities, Retail Sales”
Dollar Remains Strong on Economic Outlook, Euro Concerns
The U.S. dollar started this week trading near a three-month high versus the European common currency as optimism regarding the improving economic conditions in North America maintained the greenback at high levels versus most of the 6 main traded currencies. The dollar continued strong this Monday insisting on a winning trend that started in the end of November when the U.S. currency touched the lowest level in 2009, as positive reports in North America provided grounds … “Dollar Remains Strong on Economic Outlook, Euro Concerns”
USD/BRL – A pair to notice in 2010
The Brazilian Real is off the radar for most traders. The Brazilian economy has significantly strengthened during the last crisis, and this is strongly felt in the currency. In 2010, USD/BRL will probably gain more traction. Brazil’s population is nearing 200 million people, the fifth in the world. It’s economy had been behind for many … “USD/BRL – A pair to notice in 2010”
Australian Dollar to Decline on Interest Rate Outlook
The Australian dollar posted a significant decline this week and may extended its losses versus currencies like the U.S. and the Canadian dollar after policy makers affirmed that interest rates may not be hiked further in the short term, decreasing attractiveness for the Aussie dollar in currency markets. Australia was the first country among world’s wealthiest nations to raise interest rates this year showing resilience after the most severe … “Australian Dollar to Decline on Interest Rate Outlook”
Brazilian Real Falls Further on Risk Aversion, Currency Outlook
The Brazilian currency posted the second straight week of losses versus the U.S. dollars and several other currencies as risk aversion was predominant in this week’s session forcing investors back to safer bets in refuge currencies like the yen and the Swiss franc. After speculations suggesting that Brazil’s real is overpriced spread out in financial markets worldwide, the South American currency did not manage to revert its past week’s losing … “Brazilian Real Falls Further on Risk Aversion, Currency Outlook”
GBP/JPY – Popular with Action Loving Traders
GBP/JPY is the king of crosses. There are many reasons why it’s popular. Looking at the Geppy again, it looks like the popularity comes from specific traders,but they aren’t always on the winning side. Looking over and over again at the social indicators at Currensee, I see the same picture over and over again: no … “GBP/JPY – Popular with Action Loving Traders”
Pound Remains Bullish on Mortgage Approvals
The pound found support to trade near a one-month high level versus the euro after a report showed an improvement in the number of mortgage approvals, adding attractiveness for the sterling before the end of this week’s session. After the Bank of England published a report showing the highest climb in mortgage approvals for November this year, the pound gained versus several currencies and specially versus a less attractive euro, as the British financial authority affirmed that in 2010 the situation … “Pound Remains Bullish on Mortgage Approvals”