The Canadian dollar along as other high-yielding currencies, witnessed a fall today in trading markets as the crude oil price, one of the main nation’s exports, declined sharply, affecting the loonie’s performance in foreign-exchanges markets towards the end of this Thursday. Stocks and commodities play a significant role in the Canadian dollar performance, and today, as risk aversion rebound slightly, a down market in equities impacted negatively the loonie, which fell versus most of the 16 main traded … “Faltering Oil Affects Canadian Dollar Performance”
Author: admin_mm
Stocks Force Brazilian Real Down
Global stocks declined today on speculations that interest hikes around the world will be delayed, decreasing attractiveness for higher-yielding emergent market currencies like the Brazilian real, which declined from its strongest level in 2009. Several events declined risk appetite among traders today as the wealthiest nation in the world posted a fall in existing home sales, indicating that the U.S. economic recovery will not be as smooth as previous … “Stocks Force Brazilian Real Down”
Australian Dollar Climbs on Banks’ Resilience
The Australian dollar climbed today versus most of the 16 main traded currencies as the national central bank affirmed that the largest financial institutions in the country showed themselves resilient from the crisis and are helping the country to recover from the worst recession in decades. The Reserve Bank of Australia provided support for the Aussie to climb against virtually all main traded currencies today as it declared that banks in the country are weathering the country’s economic … “Australian Dollar Climbs on Banks’ Resilience”
Yen Climbs as Capital Returns to Japan
After three days without financial activities in Japan due to a national holiday, speculations suggested that Japanese capital invest abroad was repatriated today before the end of the fiscal year’s first half in Asia’s wealthiest nation, improving the yen’s sentiment in foreign-exchange markets. The Japanese yen gained today versus most of the main traded currencies after three consecutive days without trading sessions in the Asian country, as Japanese exports fell … “Yen Climbs as Capital Returns to Japan”
Dollar Rebounds as Pessimism Surges
The dollar changed its losing trend after the Federal Reserve brought pessimism regarding the economic recovery in North America back to trading markets, attracting investors once again to the relative safety of the greenback. Pessimism rose today in stocks and currencies markets as the Federal Reserve indicated that its mortgage purchase program will end later than previously expected, suggesting that credit related to the real estate slump is still affecting … “Dollar Rebounds as Pessimism Surges”
Canadian Dollar Declines on National Bank Statement
Canada has been one of the fastest economies to recover from the recession that impacted the world last year, but the Bank of Canada is stressing on the fact that strong currency may delay the economic rebound in the country, affecting traders’ sentiment towards the loonie. According to Bank of Canada officials, interest rates will be maintained at a record low in Canada until 2010, suggesting that even if the country is recovering from … “Canadian Dollar Declines on National Bank Statement”
Risk Appetite Continues to Punish Greenback
The dollar proved itself unable to resist a new wave of risk appetite this week that set the greenback to the lowest levels in 2009 versus several currencies in virtually all economic regions in the world, as traders are confident to take risks and purchase higher-yielding options. Multiple currencies around the world either gained or continued at high levels today versus the greenback as the Federal Reserve is likely to indicate that borrowing costs in the world’s wealthiest … “Risk Appetite Continues to Punish Greenback”
Pound Rebounds on BOE Plans
The British currency managed to revert a downtrend versus the dollar, euro, and several other main traded currencies after the Bank of England signaled it will not continue its asset purchase program, one of the greatest responsible for the pound losses this year. The pound managed to rebound today in currency markets after key people in Bank of England reached a consensus to stop the current asset purchase program, which has been one of the most … “Pound Rebounds on BOE Plans”
Rand Pare Losses on Rates Speculations
The South African rand erased losses from the beginning of the way today on speculations that interest rates in country will not be cut, raising attractiveness for the high-yield profile of the South African currency. The South African currency lost only to the Romanian leu today among currencies that gained versus the U.S. dollar, as speculations indicate that interest rates in the country will not be cut further, and inflation figures in the country remain … “Rand Pare Losses on Rates Speculations”
Record High for Brazilian Currency as Stocks Climb
The Brazilian currency was one of those which benefited today from a growing optimism in stocks and commodities markets, attracting traders to emergent markets and setting the highest rate for the Brazilian currency versus the greenback since the global slump started last year. Moody’s Investors Services upgraded their outlook towards Brazil, granting the South American nation with an investment grade level, which helped the already attractive real to extend its gains … “Record High for Brazilian Currency as Stocks Climb”