Russia is the main energy supplier to Europe, and this week, as the crude oil continued to extend gains reaching the highest values since it tumbled last year after the global slump, the ruble is gaining, as demand for Russian natural resources are influencing the national currency positively. The Russian ruble is leading gains among emergent market currencies today after the crude oil touched $79 a barrel, fact which is … “Crude Oil Record High Helps Russian Ruble to Gain”
Author: admin_mm
Australian Dollar Trades Near 2009 Record High
After falling from the highest level in more than 14 months towards the end of last week’s session in a day of bearish performance in stock markets, the Australian dollar started this week climbing once again on speculations regarding increased interest rates in the country. The Australian dollar together with its New Zealand counterpart rebounded from a corrective movement Friday as stocks rose adding confidence that interest rates in the South Pacific … “Australian Dollar Trades Near 2009 Record High”
Will Australia Raise Interest Rates?
The Australian dollar, together with its New Zealand counterpart are among the best performing currencies in foreign-exchange markets in 2009 after evidences pointed the resilience of South Pacific countries to recover from the crisis, attracting worldwide investors to the region. This was the second week straight of gains for the Australian dollar versus the greenback and most of the 16 main traded currencies after Reserve Bank of Australia Governor Glenn Stevens suggested that borrowing … “Will Australia Raise Interest Rates?”
Dollar Rebounds on Undervaluing Speculations
The U.S. dollar had a weak performance this week reaching record lows versus the euro and the Australian dollar but managed to pare some of its losses as traders could think the current devaluation may be too severe and that it would not reflect economic fundamentals in the U.S. The greenback managed to gain versus most of the 16 main traded currencies towards the end of this week’s session, in a movement that many analysts … “Dollar Rebounds on Undervaluing Speculations”
Pound Extends Gains on Renewed Optimism
The pound had the best performance this week in months after speculations suggest that the national central bank will stop its current asset-purchase program used to stimulate the economy to escape from recession. The pound rose to the highest level in three weeks versus the greenback as stocks in London posted a second straight week of gains, benefiting from a renewed sentiment of improvements regarding the British economy, after the government suggested that the current asset-purchase … “Pound Extends Gains on Renewed Optimism”
Canadian Dollar Farther From Parity With Greenback on Stocks
The Canadian dollar, which benefited from a high on crude oil markets and traded near parity with its U.S. counterpart witnessed a significant fall towards the end of these week’s session as equities did not perform in favor of the Canadian currency. The loonie is ranking among the top winners versus the greenback this year, only losing to the Australian dollar and the Brazilian real, being all these currencies benefiting from a high in commodity … “Canadian Dollar Farther From Parity With Greenback on Stocks”
The End of Dollar’s Downturn?
The U.S. currency finally posted gains versus most of 16 main traded currencies as some investors suggested that the recovery in the North American economy is not compatible with such losses in currency markets, providing support for the greenback to pare gains of most emergent market currencies which were climbing these week. Several events changed market’s trends today after the European Central Bank Jean-Claude Trichet affirmed that … “The End of Dollar’s Downturn?”
Norwegian Krone Down on Faltering Stocks
The Norwegian krone witnessed an intense rally this week sparked by a rise in crude oil rates and risk appetite among traders, but today, a downturn in stock markets throughout the world set the Nordic currency down for the first time this week. A bearish day in stock markets around the world served as a perfect excuse for a corrective movement to bring the Norwegian krone down after hitting the highest level in more 6 months versus … “Norwegian Krone Down on Faltering Stocks”
Mexican Peso Down on U.S. Manufacturing Figures
The Mexican peso was rallying significantly this week but had its gains halted as Philadelphia manufacturing posted a timid grow for the past months, raising doubts towards the economic recovery pace in the United States. The United States is Mexico’s main trading partner, and final destination for more than 80% of the nation’s products, and today, as concerns regarding the economic recovery in the U.S. rose as Philadelphia manufacturing figures came less optimistic than … “Mexican Peso Down on U.S. Manufacturing Figures”
Polish Zloty Rallies on Central Bank Statements
The Polish zloty has been one of the best emergent market currencies since the world start to post its first signs of economic improvement in the first semester of this year, and today after a central banker affirmations regarding the future of the Polish currency, the zloty rallied further among its Eastern European rivals. A National Bank of Poland policy maker Andrzej Slawinski affirmed today that the zloty may experience gains as high as those … “Polish Zloty Rallies on Central Bank Statements”