After several days of losses, the greenback rebounded, ending the week with a rather neutral performance before a G-8 meeting, where Timothy Geithner may state in favor of a strong U.S. dollar. The U. S. dollar pared its weekly losses after a Wall Street journal report affirming that the U.S. government will continue its policy to avoid bond purchases, resisting the pressure in order to control the … “Dollar Climbs Before G-8 Meeting”
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Interest Rate Hike in the US?
Although the recession is still strong, the surprising payrolls figure hinted that the worst is behind us, even in the job market. With rising commodity prices and improving consumer sentiment, inflation might be around the corner. Will Bernanke change a direction? Last week’s Non-Farm Payrolls were much better than expected – they fell by 345,000 … “Interest Rate Hike in the US?”
New Zealand Dollar Advances as Interest Rates Remain Stable
The kiwi, as the New Zealand currency is often associated with, posted gains versus most of the main currencies as the national interest rate remained uncut. The Reserve Bank of New Zealand official cash rate remained at 2.50 percent as policy makers indicate that cuts will no longer be necessary to rescue the nation out of recession, increasing national and overseas investors to bet in the kiwi as an investment. … “New Zealand Dollar Advances as Interest Rates Remain Stable”
Dollar Slides as Speculations Spur Demand for Yield
The greenback dropped this Thursday as increasing speculations of a world economic recovery increased risk appetite among traders, inducing the purchase of high-yield currencies. The New Zealand and the Australian dollar led the list of gains today as an improved world economic scenario is constantly increasing traders confidence to take riskier positions in equities and currencies markets, making the dollar to lose attractiveness. The U. S. dollar … “Dollar Slides as Speculations Spur Demand for Yield”
U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up
The loonie continued its rally after a day of losses as the main trading partner of Canada, the United States, is showing signs of an economic revival. The Canadian currency has been benefiting from several international factors that are helping it to build the strongest bullish pattern in decades against the main currencies. Canada is one of the main global oil exporters, and since the demand for … “U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up”
Yen Continues Fall as Demand For Yield Rises
The Japanese currency had a day of losses against major currencies and higher-yielding assets as the global slump eases, improving investors confidence to take riskier positions. The yen has been suffering multiple sessions of losses since the global recession gave its first signs of ending in the beginning of April, and being regarded by traders as a safe refuge for times of uncertainty and crisis, the Japanese currency … “Yen Continues Fall as Demand For Yield Rises”
Great Britain Pound Rebounds on Improved Real Estate Data
The Royal Institution of Chartered Surveyors said that the United Kingdom real estate market is stabilizing, spurring demand for the pound sterling after sequential days of losses. The pound gained this Tuesday against the dollar and the euro, after speculations that the worst days of the recession might be already behind. Britain is dealing not only with the economic recession that … “Great Britain Pound Rebounds on Improved Real Estate Data”
Canadian Dollar Climbs on Oil Rise, Stocks Rebound
The loonie posted significant gains versus the U.S. dollar as the crude oil continued to advance and optimistic speculations about the world economy brought stock markets up. Canadas dollar posted the highest gains in 59 years during the previous month thanks to a rebound in commodity prices and relatively to that, in the equities market. After a correction movement in the beginning of June making the loonie to lose 2.2 percent against the U. S. Dollar, it continued to strength, as stocks rebounded this Monday in North American … “Canadian Dollar Climbs on Oil Rise, Stocks Rebound”
Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises
The pound posted the fourth day of losses in a row against the U.S. dollar as a serious political crisis deepens in Great Britain, where Prime Minister Gordon Browns Labour party is losing influence significantly. Negative factors weighing on the pound are coming from virtually everywhere on the political sphere in the United Kingdom and the European Union, making the pound to reverse an uptrend started by signs of economic … “Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises”
Dollar Climbs on Interest Rates Raise Speculations
The dollar gained versus the main currencies as speculations that the U. S. Government will raise its interest rates by the end of the year, consequently causing a bearish day in equities markets around the world. High-yield currencies like the South African rand had a negative day against the dollar as the Fed fund futures showed a 40 percent possibility of interest rates raise for the second semester, a high jump from the previous 13 percent chance from a week ago. The yen … “Dollar Climbs on Interest Rates Raise Speculations”