The Swedish currency has been one of the biggest losers in the European currency market as producer prices declined again in September, raising concerns towards the economic recovery in the country. Since Riksbank affirmed that interest rates in Sweden will continue at record low levels to stimulate the economic growth in the Nordic country, the krona has been having negative sessions which aggravated today after producer prices fell in September, evidencing the fragility of the Swedish … “Sweden’s Krona Down Further on Economic Outlook”
Author: admin_mm
Canadian Dollar Strengthens on Decline Speculations
The Canadian dollar had the first session of recovery versus the greenback and several other major currencies after traders speculated that the current losing streak was not reflecting the present status of the Canadian economy, which is being one of the most resilient among wealthy nations. Even if Bank of Canada policy makers are constantly stressing on the fact that loonie rates should go down to ensure a fast recovery for the Canadian … “Canadian Dollar Strengthens on Decline Speculations”
Yen Trading Higher as Stocks Tumble
The Japanese currency ranked among the best performers in currency markets after several days of losses as stocks declined worldwide, attracting traders to the safety provided by yen-priced assets, and favoring also safer bets in financial markets globally. The South Korean won was one of the biggest losers versus the yen after climbing sharply due to a report showing a significant quarterly growth for the Asian emergent nation, in a movement that can be understood … “Yen Trading Higher as Stocks Tumble”
Pound Pares Losses After Exaggerated Rally
The pound reverted its losing trend from last week’s end, specially versus the euro, as traders interpreted the winning streak as inadequate, as U.K. could be starting its first signs of economic recovery. The pound has been facing extreme volatility as investors remain confused regarding the directions it may take in currency markets, considering the actual conjecture of the British financial scenario. Today, the pound rose specially versus the euro, as even … “Pound Pares Losses After Exaggerated Rally”
Intervention Fears Set Brazilian Real Down
The Brazilian real, ranking among the best performers in currency markets this year with the Australian and New Zealand dollar, experienced another day of losses as the government may take further action to halt the current national currency rally. The Brazilian real suffered another day of pessimism as speculations suggest that the national central bank could be ready to take further measures, after setting a tax for international capital inflows towards Brazilian … “Intervention Fears Set Brazilian Real Down”
Canadian Dollar Declines on Increasingly Negative Scenario
The Canadian currency, which even flirted with parity towards its U.S. counterpart, declined once again today reaching the lowest levels since the beginning of the month, as stocks and commodities impacted the loonie’s attractiveness in a negative way. The loonie is being a victim of its national central bank policies since it stated that a strong currency could stop plans of an economic recovery in the country, influencing traders’ perception towards the Canadian currency … “Canadian Dollar Declines on Increasingly Negative Scenario”
Dollar Rebounds on Undervalued Speculations
The dollar had the best performance in more than a month this Monday as speculations suggested that the current rate, mainly versus the euro, would be to low to sustain, making the greenback to erase much of the losses it posted last week versus the European common currency. The U.S. dollar gained versus several major currencies which touched record highs due to increased risk appetite that has been affecting the dollar’s attractiveness … “Dollar Rebounds on Undervalued Speculations”
Will the Pound Shrink with U.K.’s Economy?
The pound has been one of the biggest losers this year in foreign-exchange markets since several reasons, specially due to an artificial credit bubble that destabilized the British economy when the global slump crushed the world last year, forcing the pound down significantly, mainly versus the euro. The Great Britain pound did not manage to perform well again this week in foreign-exchange markets due to a gross domestic report published this … “Will the Pound Shrink with U.K.’s Economy?”
Canadian Dollar Down on Central Bank Pressure
After trading near parity with the U.S. dollar in the beginning of the week, the Canadian dollar fell sharply after the national central bank stressed on the problems a strong currency could cause to the economic recovery of the North American nation. The Canadian dollar had its first weekly loss versus its U.S. counterpart in 4 weeks after the Bank of Canada pointed that a strong currency could influence negatively the future of the Canadian economy, raising … “Canadian Dollar Down on Central Bank Pressure”
Dollar Gains on Federal Reserve Speculations
The dollar had a good performance versus the yen and several other currencies on speculations that the Federal Reserve will consider interest rate hikes before than previously announced. The dollar gained the most versus the British pound and the Japanese yen after Philadelphia Fed President Charles Plosser affirmed on an interview that his instincts for raising interest rates could arise earlier, raising speculations that interest rate hikes are already … “Dollar Gains on Federal Reserve Speculations”