After a series of positive domestic reports, the Mexican currency extended its previous gains climbing further versus the U.S. dollar as investors are more confident to invest in the Latin American nation. The peso touched a three-month high versus the U.S. dollar after consumer confidence and home sales in the country came better than expected, helping the Mexican currency to advance against a weakened dollar, that also touched record lows versus several … “Mexican Currency Up on Domestic Reports”
Author: admin_mm
Canadian Dollar Rises on Russian Bets
The Canadian dollar touched the highest price in a week after the crude oil advanced today and Russia affirmed that it will add the Canadian currency in its reserves, raising attractiveness for the loonie in trading markets. After the Russian central bank affirmed that it will add the Canadian currency to its reserves, the loonie gained against most of the 16 main traded currencies, also as commodities and stocks advanced today, increasing even further … “Canadian Dollar Rises on Russian Bets”
Parity Party for the Swissy
The Swiss Franc has reached parity with the US dollar. Apart from the general weakness of the greenback across the board, also the Swiss National Bank has a role in bringing USD/CHF to 1. USD/CHF reached a year-to-date low of 0.9960 and trades now at a perfect 1.0000. The pair last reached this rate in … “Parity Party for the Swissy”
Dollar Down as Fed Remains Silent on Decline
The dollar had another severe fall today declining to the lowest level in 2009 versus the euro as the Federal Reserve has not yet made any statements against the current decline for the nation’s currency, setting the greenback to a new bottom that may be extended further towards the end of the year. The influential Federal Open Market Committee meeting minutes held this month were published today, in which no concerns regarding the dollar’s … “Dollar Down as Fed Remains Silent on Decline”
Australian Dollar Rises on Official Comments
The Australian dollar had a sharp rally today versus most of the 16 main traded currencies after a government official made positive comments regarding the future outlook of the Australian economy, creating speculations that interest rates will be hiked further in the South Pacific nation. After the Reserve Bank of Australia Deputy Governor Ric Battellino affirmed on a statement that the Australian economy entered a “new uprising”, stocks in the nation jumped, attracting … “Australian Dollar Rises on Official Comments”
Yen Gains on U.S. Mediocre GDP Number
Risk aversion rose today favoring the Japanese currency after a U.S. gross domestic product report indicated a slow down in the quarterly growth, creating speculations that the nation’s recovery will take longer than expected, attracting investors to safer bets. The U.S. quarterly GDP report indicated a growth of 2.8 percent from a previous report that showed a 3.5 percent increase, evidencing that the economic recovery in the world’s wealthiest nation … “Yen Gains on U.S. Mediocre GDP Number”
Mexican Peso Advances on Fitch Ratings Cut
The Mexican peso rose after Fitch Ratings finally ended a speculations drama and cut the country’s rating one level, making the peso to grow as currently it is one of the cheapest currencies among emergent markets. The Mexica currency touched a one-month high and is set to grow further after Fitch Ratings finally announced a one-level rating cut, ending speculations regarding this topic which lasted for around one month. The peso … “Mexican Peso Advances on Fitch Ratings Cut”
Canadian Currency Tumbles on Risk Aversion
The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations. The Canadian dollar didn’t manage to extend yesterday’s gains since risk aversion rose once again in foreign-exchange markets as U.S. gross domestic product figures had a less significant increase than figures … “Canadian Currency Tumbles on Risk Aversion”
Rand Advances as Recession Officially Ends
The South African rand, one of the best performing emergent market currencies in 2009 fueled by a commodities prices rally, extended its gains further today as a report published showed that the country’s economy returned to growth, adding attractiveness for the already winning rand this year. The official quarterly report published today indicating that South Africa emerged from the worst recession in 17 years helping the rand to advance versus several … “Rand Advances as Recession Officially Ends”
Euro gets good figures but fails to break – Is
Good figures sent the Euro higher today, but failed to take it out of the range. How long will this last? Are the dollar bulls ready to rage? Preliminary GDP proved correct in Germany. The 0.7% growth that was reported for Q3 was confirmed today with the final GDP release. German Ifo Business Climate exceeded … “Euro gets good figures but fails to break – Is”