After being traded in the lowest rate in almost two months, the Canadian dollar rallied sharply today on a report that indicated an increase in job numbers in the country, surprising analysts and traders positively. A very positive day in the end of this week was witnessed in Canada as employers added more jobs than expectations for the month of August, an important sign of economic improvement for the North American nation since even economic regions that are recovering … “Canadian Dollar Climbs on Employment Data”
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Euro Declines On ECB President Comment
After yesterday’s ECB President comments suggesting that the economic recovery in the region will be a hard process, the euro fell versus a number of main traded currencies, and headed to complete the second week of losses versus the dollar. The euro suffered the influence of European Central Bank Jean-Claude Trichet’s declaration yesterday affirming that interest rates are not set for hikes in the short-mid-term and that the recovery in the countries using the European common currency will … “Euro Declines On ECB President Comment”
Brazilian Real Rebounds Further on Economic Growth Speculations
After slashing most of its previous 2 months gains this week, the Brazilian continued further a rally that started yesterday, today fueled by forecasts that indicate a less significant contraction for seven of the most important world economies. After today’s positive perform in Chinese stocks and forecasts indicating that the world economy recovery may happen faster, the Brazilian real climbed further from yesterday, paring most of its … “Brazilian Real Rebounds Further on Economic Growth Speculations”
Crude Oil Volatily Influences Canadian Dollar
The Canadian dollar did not manage to maintain its early climbs falling again versus its U.S. counterpart as the price of crude oil confused investors regarding demand for the commodity. Since last week, the Canadian currency has been unable to resist speculators pressure on the outlook for the loonie, as commodities and stocks also underperformed globally, decreasing attractiveness for assets in Canada, as the country’s growth relies significantly on its main trading partner demand, the U.S., … “Crude Oil Volatily Influences Canadian Dollar”
Swedish Krona Declines on Extended Loans
The Swedish currency declined today versus the euro and most of the 16 main traded currencies as the national central bank maintained interest rate in its historic record low of 0.25 percent leaving space for speculations that the country financial system is still facing a complicated situation. The krona declined today versus several currencies after the Riksbank affirmed that it will offer more than $10 billion to Swedish bank to avoid … “Swedish Krona Declines on Extended Loans”
Euro Gains Before ECB Meeting
The euro rebounded today after a negative performance during the beginning of the week as speculations regarding the future of the Eurozone economy improved, indicating growth beyond previous forecasts, spurring the attractiveness for the euro today. The European central bank will decide its current benchmark interest rates which are expected to be maintained at the same level, but optimism among traders indicate that ECB officials are likely to upgrade growth predictions for the Eurozone … “Euro Gains Before ECB Meeting”
Canadian Dollar Impacted by Declining Commodities Demand
The Canadian dollar is having one of worst performances this week in more than 2 months as risk appetite is declining worldwide, affecting currencies that perform well on growing optimism. The loonie has been influenced since the past week when Bank of Canada officials affirmed that a strong loonie could jeopardize the nation’s economic performance, and since then, a strong wave of risk aversion also affected stocks and commodities, … “Canadian Dollar Impacted by Declining Commodities Demand”
Interest Rates Speculation Push Real Up
The Brazilian currency climbed the most in more than a week as speculations in the country indicate that the central bank interest rates will not continue to be cut. After losing for several days in a row starting last week as higher-yielding currencies lost attractiveness on a new wave of risk aversion, The Brazilian currency rebounded today on optimism brought by speculations that suggest a stop in the central bank interest rate cut policy. USD/BRL traded … “Interest Rates Speculation Push Real Up”
AUD/USD Trading in a Perfect Range
The Aussie is trading in quite a fix range. Too conflicting forces keep it between the technical barriers. Taking a midweek view, AUD/USD continues to be a very predictable pair. The Aussie The Australian economy never dipped into recession. It had only one quarter of contraction in a very bad period for the world. Today’s … “AUD/USD Trading in a Perfect Range”
Australian Unexpected GDP Figures Push Currency Up
The Australian dollar gained today versus most of the main 6 currencies as a report indicated that the gross domestic product grew much beyond expectations, raising attractiveness for the Aussie, even if the market sentiment favored low-yielding currencies today. The Australian Bureau of Statistics published today a quarterly GDP report in which the South Pacific country grew 0.6 percent compared to 0.2 percent as most of economists expected. The GDP figures in Australia provided … “Australian Unexpected GDP Figures Push Currency Up”