The British pound had an excellent performance in the beginning of this Friday’s session as talks that the biggest airline in the country will merge another European giant in the sector brought optimism to London equities markets making the pound to benefit of a positive scenario. After British Airways Plc and Iberia Lineas Aereas de Espana SA, two of the biggest airlines in Europe decided to merge, the pound headed to a third straight winning week versus the U.S. dollar … “British Pound High on Giant Airlines Fusion”
Author: admin_mm
Dollar Down After Significant Rally
This week has been extremely volatile for the U.S. dollar as different events moved markets sentiment among traders, forcing the dollar slightly down today after it rallied from the lowest level in 2009 versus the euro yesterday. The U.S. dollar did not have enough strength to continue yesterday’s winning streak as several reports, specially from Europe brought risk appetite once again to markets attracting traders to euro … “Dollar Down After Significant Rally”
Brazilian Real Down on Intervention Talks
The Brazilian real posted another negative session today as movements in the central bank led traders to speculate that further measures will be taken to halt the real’s rally, which already rose 34 percent versus the greenback this year. After a central banker was transferred to the Brazilian Finance Ministry yesterday, concerns rose that both federal institutions are likely to coordinate further measures to control the real’s rally, forcing … “Brazilian Real Down on Intervention Talks”
Canadian Dollar’s Rally Halted as Commodities Falter
The Canadian dollar had the first day of losses versus its U.S. counterpart and several other key-currencies as the price of commodities declined this Thursday after a sharp rise that started in the beginning of this week’s session. The loonie is highly dependent on commodities rates since Canada is a main supplier of energetic and metallic commodities to the United States, and today, as the these markets had a breather, the loonie posted its first negative day in this … “Canadian Dollar’s Rally Halted as Commodities Falter”
Aussie takes a break on rises after gold and stocks fall
AUD/USD reached new highs on a rise in jobs, but this was stopped by a fall in the price of gold, and renewed dollar strength that comes from drops in the stock markets. The strength of the Australian economy should make this break temporary. This renewed dollar weakness, although it’s felt strongly in EUR/USD, isn’t … “Aussie takes a break on rises after gold and stocks fall”
Aussie Dollar Extends Record High on Jobs Data
The Australian dollar continued its yearly rally to set a new record high in 2009 after a report indicated an improved number of monthly jobs added in October, suggesting that the nation’s central bank is likely to continue its current policy of rate hikes for the next meeting. The Australian dollar together with the Japanese yen were the biggest winners this Thursday as risk appetite declined, favoring the Japanese currency safe refuge profile … “Aussie Dollar Extends Record High on Jobs Data”
Yen Rises on Chinese Government Statement
After several days driven by risk appetite globally favoring high-yielding currencies and forcing commodities rates up, the rally was halted as China affirmed that the economic recovery is uneven, raising concerns among safeties and attracting them to the safety of the Japanese currency. The Japanese currency beat almost all of 16 main traded currencies in foreign-exchange markets today after the Chinese Premier Wen Jiabao made rather negative statements … “Yen Rises on Chinese Government Statement”
Australian Dollar Remains Bullish on China Growth
The Australian dollar, the second best performing currency in trading markets this year after the Brazilian real, climbed further as China, its main trading partner, posted positive economic figures this Wednesday, adding confidence to the already attractive Aussie. After China posted monthly reports indicating an increased industrial production and improved retail sales for September, the Australian dollar found grounds to remain positive versus most of its rival currencies, … “Australian Dollar Remains Bullish on China Growth”
British Pound Down on BOE Unexpected Comments
The British pound went down versus most of the 16 main traded currencies this Wednesday after Bank of England officials affirmed that a weaker pound can boost the economic recovery in the nation, shunning traders from pound priced assets. After Bank of England posted statements indicating that the inflation will remain below the 2 percent target for an extended period and Mervyn King affirmed that a weak pound can help … “British Pound Down on BOE Unexpected Comments”
Dollar to Fall in 2010 on Record Low Interest Rates
The U.S. dollar touched its lowest level in more than a year versus most of its main rival currencies as speculations suggest that the Federal Reserve will maintain borrowing costs in a historic record low, as the economy still urges for stimulus to provide a more solid recovery. Several reasons are impacting further the greenback’s outlook among traders in currency market, as risk appetite remains strong, favoring high-yielding currencies in commodity-linked and emergent … “Dollar to Fall in 2010 on Record Low Interest Rates”