The kiwi, how often the New Zealand currency is referred to, touched an eleven-month high versus the greenback and gained versus most of the 16 main traded currencies as international and domestic factors raised attractiveness for the high-yield profile of the South Pacific currency. Today, the current account deficit shrank to the lowest level in 4 years in New Zealand, fact which could be interpreted as another improvement for the kiwi recovering economy. Being a producer of agricultural … “New Zealand Dollar Hits Record High on Accounts”
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Dollar Tumbles on Stocks and Optimism Rebound
After gaining slightly versus most of the 16 main traded currencies yesterday as stocks fell and risk appetite declined, today market trends reverted, attracting investors to yield and setting a new record low for the dollar versus the euro in 2009. Most of the main traded currencies, and specially the high-yielding ones linked to commodities and stocks performance climbed today versus the greenback after the Asian Development Bank affirmed that economies in the continent may experience … “Dollar Tumbles on Stocks and Optimism Rebound”
Brazilian Real Down on Trade Surplus Revision
Domestic and International events brought the Brazilian currency down today after touching the highest rate in one year last week, suffering the consequences of corrective movements in trading markets combined with a degree of pessimism. The Brazilian real declined today after the trade surplus target was lowered by the country’s government, suggesting that the global economic situation is still influencing negatively on the demand for South American products, causing the real to lose … “Brazilian Real Down on Trade Surplus Revision”
Canadian Dollar Declines Further on Commodities
The Canadian currency, highly linked to commodities and equities markets fluctuations declined today as corrective movements affected stocks globally, as optimism is not as significant as last week among investors. The loonie, as often the Canadian currency is associated, declined extending losses of last week’s session end, when it declined from a one-year high versus the greenback on renewed global economic optimism. Bank of Canada officials mentioned multiple times that … “Canadian Dollar Declines Further on Commodities”
Bank of England Forces Pound Down Once Again
The British currency is trading at record low levels versus the euro and the dollar as the national central bank affirmed that the real exchange rates for the pound may have been affected by the crisis, shunning investors farther away from pound-priced assets. The British Isles started this week’s session with a rather pessimist tone, as the Bank of England affirmed that the long-term rate for its national currency may have suffered a devaluation, … “Bank of England Forces Pound Down Once Again”
FED Speculations Help Dollar’s Rally
The dollar started the week rallying versus most of the 16 main traded currencies in foreign-exchange markets, as speculations among traders suggest that the Federal Reserve will not extend the current economic stimulus programs, indicating that the economy is recovering, rising attractiveness for the greenback. After breaking several record lows last week, the dollar rebounded yesterday when markets opened as speculations that Federal Reserve policy makers will shift … “FED Speculations Help Dollar’s Rally”
Why is the Geppy So Popular?
Out of all the possible combinations of crosses, GBP/JPY, also known as the Geppy, is probably the most popular cross. Here are some possible reasons. GBP/USD combines the British Pound and the Japanese. The most popular pair in the world is EUR/USD. The Geppy doesn’t include the Euro. Although EUR/JPY and EUR/GBP are also respected and … “Why is the Geppy So Popular?”
Brazilian Real Rises on Foreign Investment
The Brazilian currency ended a third week of straight gains versus the greenback, the pound and several other major currencies as optimism and risk appetite is pushing traders to inject money in South America’s wealthiest economy. A new wave of positive reports moved markets this week, causing equities and commodities to rise globally, favoring the outlook for the Brazilian currency and economy, since most of the nation’s exports are commodity-based, influencing the real’s performance as demand fluctuates. … “Brazilian Real Rises on Foreign Investment”
Canadian Dollar Drops From Record High on Stocks
The Canadian currency did not manage to extend its rally that brought the loonie to the highest rate in one year as a corrective movement affected stocks today, influencing the loonie’s outlook negatively. The Canadian dollar is one of the most influenced currencies by stocks and commodities movements, and today, after markets were impacted by pessimism originated in the banking industry, the loonie also witnessed a decline from its highest rate in 2009, as investors … “Canadian Dollar Drops From Record High on Stocks”
Dollar Recovers on Banking Sector Concerns
After hitting several lows versus multiple currencies during the past days as risk appetite surged in equities markets, the dollar rebounded slightly towards the end of this week’s session, as concerns regarding the global financial health brought risk aversion once again in evidence. The dollar traded this week at a one-year low versus the euro, the Aussie and the kiwi as confidence towards the world economic recovery brought investors back to higher-yielding options, damping … “Dollar Recovers on Banking Sector Concerns”