After a losing week versus the U.S. dollar and the euro, the Brazilian currency had a rebound today as optimism returned to markets bringing investors to inject capital in emergent economies, providing support for the Brazilian real to advance versus several main traded currencies. The real finally gained today after 4 consecutive days losing versus the greenback as commodities rebounded today thanks to optimism regarding the economic growth forecast for the biggest economy in Latin America, … “Commodities Force Brazilian Real Up”
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Canadian Dollar Rebounds on Gold, Oil
After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country. The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after … “Canadian Dollar Rebounds on Gold, Oil”
Pound Up on Global Optimism
After posting a negative performance last week versus its main rivals, the euro and the dollar, the pound had a breather today as risk appetite returned to equities and commodities markets, providing support for the U.K. currency to pare much of its losses versus the greenback and halt an advance of the European common currency. The British pound posted the best performance today versus the Japanese yen, a refuge currency that lost attractiveness today as risk appetite returned … “Pound Up on Global Optimism”
Dollar Drops on Fed Grim Speculations
After having a significant rally in the end of the last week versus the euro and several high-yielding currencies, the dollar fell today considerably, as the Federal Reserve is likely to maintain its interest rates at a record low for an undefined amount of time. The Federal Reserve Bank of St. Louis President James Bullard once again moved currencies markets supporting stimulus measures that involve mortgage-backed securities purchases, signaling that this policy may … “Dollar Drops on Fed Grim Speculations”
Negative Pound Week on Budget Deficit
The pound had a negative week versus the U.S. dollar as the U.K. posted its worst deficit figures since the measurement start, decreasing attractiveness for the British currency which performed positively in the previous week. A combination of downtrends in European stocks towards the end of this week and a U.K. deficit report who showed the worst figures since 1993, when they were officially initiated, forced the pound down versus the U.S. dollar, the Japanese yen … “Negative Pound Week on Budget Deficit”
Australian Dollar Posts Weekly Drop on Stocks
The Australian dollar had one of the weakest performs in the past months this week as stocks declined worldwide, declining attractiveness for riskier assets as the opportunities available in the Australian high-yielding financial markets, forcing also the New Zealand currency down. Currencies in the South Pacific region had one of the worst performances in around two months this week as a shift in risk levels set the price of stocks and commodities down specially towards the end of the week, providing … “Australian Dollar Posts Weekly Drop on Stocks”
South African Rand Down on Rally Concerns
The South African rand had the first week of decline this month as speculations suggested that the currency’s rally could be a problem for the country’s economic future. After gaining more than 25 percent this year versus the U.S. dollar and ranking among the top emergent market currencies in foreign-exchange markets, discussions among politicians and the central bank regarding the rand’s level started to emerged, forcing a decline for the South African currency this … “South African Rand Down on Rally Concerns”
Canadian Dollar to Tumble Further?
The Canadian dollar is ending this week’s session as the worst in more than two months as stocks and commodities, extremely influential to determine the rates and sentiment for the loonie dropped, setting the North American currency losing streak further down. In a strong risk averse session where safe refuge currencies like the U.S. dollar and the Japanese yen were the best performers, the Canadian dollar weakened not only against those, but versus a number … “Canadian Dollar to Tumble Further?”
Dollar Advances on Stocks Weak Performance
The dollar gained versus most of the 16 main traded currencies today as speculations surged that current levels for stocks are not backed by fundamental evidences, forcing equities down and bringing investors to purchase Treasury bonds to protect their portfolios. Refuge currencies had the best performance today as most equities markets in Asia and Europe tumbled, attracting traders to inject capital towards safety, providing support for the greenback and the yen to extend … “Dollar Advances on Stocks Weak Performance”
Swiss Franc Drops on Financial Regulations
The Swiss currency lost against most of the 16 main traded currencies as speculations suggests that the country is likely to tighten its financial regulations, decreasing attractiveness for the franc. The franc used to be, together with the U.S. dollar and the yen, a currency considered as a top refuge, but today, after Swiss National Bank officials statements that regulations may be tightened in the country emerged, due to the financial sector’s dimensions in the country, the franc … “Swiss Franc Drops on Financial Regulations”