The Canadian dollar rallied today versus several currencies and specially against its U.S. counterpart, as stocks and commodities climbed worldwide after the Group of 20 affirmed that is relaxed policy to stimulate the world economy will be extended, increasing risk appetite in trading markets. Canada is one of the most commodities and stocks linked currencies, as the country is a main exporter of its natural resources surplus specially to its neighboring U.S., … “Risk Appetite Drives Canadian Dollar Up”
Category: Forex news
Dollar On Record Low after G-20 Agreement
The dollar lost versus most of main traded currencies as the Group of 20 will extend measures to stimulate the global economy, adding confidence among investors to purchase riskier assets, consequently affecting the attractiveness of the greenback. The most affected currencies by the G-20 statements were those of safer profile and the lowest yielding options in foreign-exchange, as its the case of the greenback and the Japanese yen, which have been sequentially losing value during the past few months … “Dollar On Record Low after G-20 Agreement”
Brazilian Real Gains Sharply on Risk Demand
The Brazilian real had one of the best weeks in more than 2 months as demand for commodities and emergent markets assets rose globally, maintaining the real as the best performing currency in 2009 among the 16 main traded ones in foreign-exchange markets. The real extended its gains this week flirting with the $1.70 level as risk appetite was strong during most of the previous 5 days, even if rising speculations that the national … “Brazilian Real Gains Sharply on Risk Demand”
South African Rand Top Weekly Currency on Gold Rise
The South African rand was the best performing among 16 main traded currencies in foreign-exchange markets, as demand for metallic commodities exported from the African nation rose globally, increasing their rates and influencing positive the rand’s price and attractiveness. This week gold and platinum, the biggest South African metal exports rose significantly as risk appetite reigned during most of the past five days, providing support for the rand to top the rank of best … “South African Rand Top Weekly Currency on Gold Rise”
Yen Gains on U.S. Job Losses
Demand for safety rose towards the end of this week’s session as U.S. payrolls were cut beyond analysts expectations, suggesting that the economic recovery in North America will take longer than previously imagined by economists. Both the United States and Canada surprised traders posting worse than expected unemployment figures, shifting confidence in markets and attracting traders towards the safety of the Japanese currency, making the yen to gain versus the Swiss … “Yen Gains on U.S. Job Losses”
Dollar Gains Slightly as Unemployment Rises
Risk appetite suffered a significant impact towards the end of this week’s session after both U.S. and Canada published grim employment figures, forcing investors to take more cautions positions and bet once again in the relative safety provided by dollar-priced assets. The U.S. dollar gained versus several currencies towards the end of this week session, and specially versus its Canadian counterpart as employment figures were published in both North … “Dollar Gains Slightly as Unemployment Rises”
Canadian Dollar Down on Job Figures
After a lot of expectation regarding Canadian employment figures that were published today, the loonie fell drastically versus most of 16 main traded currencies and specially versus its U.S. counterpart, as negative job figures shunned investors away from assets in Canada. The Canadian employment figures improved their numbers in the past two months before today’s report, that surprised traders and investors, and jobs were cut in Canada and the total … “Canadian Dollar Down on Job Figures”
Canadian Dollar Remain High Before Jobs Report
The Canadian dollar remained neutral at the highest level in more than a week before an employment rate which is due to be published tomorrow, defining the outlook for the loonie for the next week, since jobs figures are an important data to measure a country’s economic conditions. An employment reports to be released tomorrow is giving a sense of expectation among traders to define the next movement trends for the loonie, since if the number of jobs improve, its … “Canadian Dollar Remain High Before Jobs Report”
Euro Up as ECB Shifts Stimulus Program
The euro pared previous losses with a number of currencies this Thursday as the ECB affirmed that a series of measures used to stimulate the bloc’s economy on its way out of recession will be phased out, adding evidences that the economic health in the Eurozone is improving significantly. The European Central Bank President Jean-Claude Trichet stated today that gradually stimulus measures used to dodge recession will be lifted towards the complete … “Euro Up as ECB Shifts Stimulus Program”
Pound Up as Asset Purchase Program Changes
The pound climbed significantly versus the dollar, and to a lesser extent versus the euro as the national central bank extended its asset-purchase program less than expected, suggesting that the British economy is needing less government stimulus to find its way out of recession, increasing attractiveness for the U.K. currency. The Bank of England has been using its asset-purchase program to stimulate the faltering economy in the U.K., and its further extension was lower by … “Pound Up as Asset Purchase Program Changes”