The pound climbed sharply against the dollar and the yen as an employment report with optimistic figures may have indicated that the worst of the recession is already behind, spurring demand for the British currency. The pound, which lost significantly against the dollar and the yen last week, virtually pared its losses as an employment … “Pound Climbs on British Jobs Data”
Author: admin_mm
Canadian Dollar Hits One-Month High on Crude Oil Advance
The loonie posted the third day of advances against its U.S. counterpart as the crude oil, one of the main country’s exports, advanced today, boosting demand for the Canadian currency. The Canadian dollar has been one of the best performing currencies this week, as stocks and commodities rebounded thanks to a renewed risk appetite among traders, favoring the high-yielding profile of the loonie. The greenback may continue to loose further versus its Canadian counterpart if the demand … “Canadian Dollar Hits One-Month High on Crude Oil Advance”
South African Rand Climbs as World Cup Strike Ends
The South African rand, which posted several weeks of decline as a new wave of risk aversion spread around equities and currency markets, rose as the world cup stadium construction workers strike ended, raising confidence in the country as stability returned. The South African rand was one of the most punished currencies by a new wave of risk aversion that struck markets last week, as concerns regarding the global slump rose, making the high-yielding emergent … “South African Rand Climbs as World Cup Strike Ends”
Yen Down on U.S. Output Report Speculations
The yen and the greenback proceeded for a third day dropping as a report in the United States today is likely to indicate that the industrial production is shrinking at a slower pace, rising confidence that the global slump is easing, and consequently pushing traders to high-yield. A very positive day in stock markets this Tuesday has attracted investors to purchase high-yielding assets, damping demand for the safety of the … “Yen Down on U.S. Output Report Speculations”
Brazil’s Real Hit One-Week High on Retail Sales Data
The Brazilian currency rebounded against the U.S. dollar after May retail sales were published today, with better than expected figures, indicating that the Brazilian economy is recovering from the worse recession since the real was introduced in 1994. Both international and national events helped the real to gain today against several currencies, in Brazil, retail sales grew 4 percent in May in the annualized figures, improving traders confidence … “Brazil’s Real Hit One-Week High on Retail Sales Data”
Canadian Dollar Rises on High-Yielding Renewed Attractiveness
The Canadian currency climbed today as Goldman Sachs posted higher than expected earnings, bringing confidence to traders to purchase high-yielding assets in equity markets, consequently raising attractiveness for the loonie. The Canadian dollar reached a 3-week high price as a U.S. report showed that retail sales increased in June more than expected, making the loonie to climb for the second day in a row, after posting 6 weeks of losses against the U.S. dollar, having … “Canadian Dollar Rises on High-Yielding Renewed Attractiveness”
New Zealand Dollar Rebounds on Central Bank Statements
The New Zealand dollar posted its first climb in a week after a central bank statement which affirmed that the Southern nation will recover from the global slump at a faster pace than its main trading partners boosted attractiveness for the kiwi. After Reserve Bank of New Zealand Governor Alan Bollard declarations today that the New Zealand economy will climb faster than its trading partners, the national currency … “New Zealand Dollar Rebounds on Central Bank Statements”
Yen Weakens on Stock Prices Rebound
The yen, which rallied for almost two weeks versus the pound and the euro, entered the second day of declines against the Eurozone currency, as speculations today led investors to purchase high-yielding assets in equities markets. The Japanese currency declined versus all 16 major traded currencies as optimism returned to global financial markets on speculations … “Yen Weakens on Stock Prices Rebound”
Ruble Declines as Russian May Enter Deeper Recession
The Russian ruble completed a week of consecutive losses versus the euro and the dollar, as speculations in Russia indicate that the recession will be depper than previously announced. Several reasons brought the Russian currency down since last week, which lost against the euro and the greenback for seven days in a row after oil … “Ruble Declines as Russian May Enter Deeper Recession”
Mexican Peso Declines Further on Economic Outlook
The Mexican currency, highly dependent on its main trading partner, the United States, posted a sixth day of losses against the greenback on concerns that the economy in the region will not rebound as soon as forecasts predicted. The peso reached the lowest level in two months against the dollar as the U.S. economy has … “Mexican Peso Declines Further on Economic Outlook”