The Mexican peso had the fifth consecutive gains versus the U.S. dollar as optimism is helping stocks to climb globally, damping demand for the greenback and attracting investors to emergent markets like Mexico. Mexico is along with Brazil, South Africa and others, one of the nations that witnessed a climb in their currencies’ value this week as renewed risk appetite initiated an exodus of capital from currencies like the U.S. dollar and the Japanese yen, … “Mexican Peso Extends Gains on Optimism”
Author: admin_mm
Brazilian Real Benefits From Stocks Climb
The Brazilian real hit today a 3-week high versus the U.S. dollar as optimism forced up commodities and equities rates, bringing investors towards riskier assets in emergent markets like those of South America. Several events occurred this week bringing risk appetite back among traders, as car sales in China expanded in August and commodities climbed, favoring Brazil’s currency, since the South American nation has one of the main destinations … “Brazilian Real Benefits From Stocks Climb”
Pound Climbs on U.K. Manufacturing
The pound climbed today versus most of the 6 main traded currencies as the situation starts to become more positive for the British economy, pushing stocks up in London and consequently attracting international inflows of capitals to the United Kingdom. After U.K. manufacturing output had the highest climb in 18 months today in a report published by the Office for National Statistics, the pound rose sharply, gaining virtually against all 16 main traded currencies worldwide, … “Pound Climbs on U.K. Manufacturing”
World Economic Rebound Forces Dollar Down
The dollar is losing this week versus important major currencies like the euro and the pound as renewed optimism towards an economic recovery damped demand for the safety profile of the United States currency, as investors moved their bets to riskier assets. A combination of bullish stock markets and speculations regarding an upcoming credit report in the United States affected the dollar negatively, as at the same time that investors seek higher yielding options as stocks grow, the U.S. … “World Economic Rebound Forces Dollar Down”
Australian Dollar Rises on G-20 Economic Stimulus
The Australian currency is trading near the highest levels in 2009 after the Group of 20 most influential countries in the world affirmed that stimulus will remain to rescue the global economy, attracting investors to higher-yielding options, like those of the South Pacific region. The end of last week was very supportive for the Aussie to climb as the construction industry shrank at a lower pace and also jobs rose in the same sector for the first time in more than a year, … “Australian Dollar Rises on G-20 Economic Stimulus”
Euro Climbs on Growing Optimism
The euro climbed versus a number of currencies in the start of this week as investors’ confidence rose in the region, providing support for speculations regarding the end of the recession in the countries using the European common currency. This week started with pending to the side of risk appetite continuing market trends perceived in the end of last week, when the euro climbed fueled by renewed attractiveness as countries like Germany indicate significant positive economic improvements, suggesting that the recession … “Euro Climbs on Growing Optimism”
Canadian Dollar Extend Gains on U.S. Optimism
The Canadian currency climbed even further before the end of this week’s session after optimism was renewed among traders with stocks and commodities climbing, After both Canada and the U.S. posted favorable reports regarding employment conditions. After a report published in Ottawa indicating a rise of 27,100 jobs for the month of August in Canada, reverting July’s negative figures, the loonie was benefited as stocks in Toronto also rose considerably. This Friday, … “Canadian Dollar Extend Gains on U.S. Optimism”
Brazilian Real Benefits From U.S. Jobs Report
The Brazilian report had a rebound towards the end of the week after U.S. employment conditions start to show small but essential signs of recovery, suggesting that one of Brazil’s most important trading partners is on the way out of recession. After losing more than 5 percent in the end of the past week and in the beginning of the current one, Brazil’s real found support in renewed optimism as stocks improved and fewer jobs were cut in the U.S. … “Brazilian Real Benefits From U.S. Jobs Report”
AUD/USD Breakout
While most currency pairs were stuck in a range, AUD/USD managed to break above a month’s range. This happened in the late hours of Friday afternoon. Though it didn’t blast the roof, this breakout repeats the pattern of the previous breakout – exactly 5 weeks ago. After yet another week of AUD/USD range trading, Friday … “AUD/USD Breakout”
Mexican Peso Climbs on U.S. Employment Data
Today, after U.S. employment data indicating that jobs were suffered less losses than forecasts, risk appetite returned to markets worldwide, favoring emergent market currencies like the Mexican peso. The Mexican peso gained for the third day in a row escaping from the second weekly losses as favorable reports improved the Mexican currency outlook, as appeal for high-yielding riskier assets returned today after favorable employment data was published … “Mexican Peso Climbs on U.S. Employment Data”