The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday. The greenback slid against a number of currencies after the Federal Reserve dropped its expectations to increase the interest rates … “Dollar Falls Slightly as Interest Rate Speculations Grow”
Author: admin_mm
Pound Drops After Rise in Unemployment
The pound posted losses versus the main currencies after a bearish day in the stock market followed by a rise in the United Kingdom unemployment figures, damping demand for the British currency. Multiple factors brought the pound sterling down this Wednesday after Bank of England policy makers voted for the continuation of a asset-purchasing program, affirming that it must last until its efficiency is determined. … “Pound Drops After Rise in Unemployment”
Euro Rebounds Versus Dollar on German Confidence Report
After days of decline versus the dollar, the euro climbed against the greenback after the German economic sentiment rose at a level higher than expectations, creating speculations of a quick European economic recovery, spurring demand for the Eurozone currency. The German ZEW economic sentiment, a report that is highly taken into consideration by traders, since it reflects the biggest European economy financial scenario, reached … “Euro Rebounds Versus Dollar on German Confidence Report”
Yen Rises as Stock Losses Spur Demand for Safer Assets
The yen had a day of massive gains versus the main high-yielding currencies as Asian stocks fell after speculations that a report may indicate a slowdown in U.S. industrial production, creating a risk aversion sentiment among traders. After a day of weak performance in most of the global equities markets, the yen rebounded, after several weeks of losses caused by improved confidence among investors, triggered to take higher-yielding positions in the stock and currency market. Speculations … “Yen Rises as Stock Losses Spur Demand for Safer Assets”
Latvia’s Government Sells National Currency
The Latvian Government sold lati after the currency reached its trading band limit, being the first sell since the month of November, as the nation moved closer to get the next tranche of a billionaire loan to rescue the weakened Baltic economy. According to the Latvian central bank website, 111.7 milion lati were sold to … “Latvia’s Government Sells National Currency”
Dollar Climbs After Russian Minister Declaration
The dollar had the highest rise in a week against most of the main currencies after Russian Finance Minister Alexei Kudrin stated that the nation has full confidence in the U.S. currency. Russias Finance Minister Alexei Kudrin affirmed on June 13 during an interview that it would be too early to discuss the U.S. dollar position as the main global reserve currency, and that substitutes for the … “Dollar Climbs After Russian Minister Declaration”
Critial Week in the Swissy
The Libor Rate decision makes this week critical in the direction of the Swiss Franc. Add three more major indicators: PPI, Industrial Production and Retail Sales, and add a close and critical technical support line, and you have a recipe for excitement. Swiss Franc outlook. PPI: Producer Price Index isn’t as significant as Consumer Price … “Critial Week in the Swissy”
Canadian Dollar Falls as Crude Oil Price Declines
The loonie posted the sharpest fall in 4 days against all major currencies, interrupting a bullish trend as the price of crude oil stopped its rally, damping demand for the Canadian currency high-yielding profile. The Canadian dollar had a day of negative performance after Bank of Canada Governor Mark Carney stated that a strong loonie may affect the Canadian economic, as exporters would lose competitiveness having less significant profit margins. The Bank of Canada … “Canadian Dollar Falls as Crude Oil Price Declines”
AUD/USD Should Become A Major Pair
The current global crisis has shown us that the dollar is the safe haven currency. The Swiss Franc lost its status. On the other hand, Australia’s economy hasn’t been badly affected by this crisis. The Aussie should replace the Swissy in the big league of majors. Traditionally, there are four major pairs: EUR/USD, USD/JPY, GBP/USD … “AUD/USD Should Become A Major Pair”
South African Rand Post Gains as Emergent Markets Attractiveness Rise
The South African rand had a third consecutive day of positive performances as the global economic conditions are evidently improving, adding attractiveness to emergent market currencies. The rand is one of the most volatile and influenced by the international world economic scenario among the most traded currencies, and a numbers of factors is helping the South African to climb since this April. Being one of the most liquid currencies available for trading, the South African rand is currently highly attractive, … “South African Rand Post Gains as Emergent Markets Attractiveness Rise”