Speculations that retail sales would post another month of gains were confirmed providing support for the pound to regain terrain versus the euro and several other currencies, changing the negative outlook for the British currency to a better trajectory. The pound gained versus most of 16 traded currencies as retail sales in the U.K. touched the highest level in 2 years in October, bringing confidence back towards pound-priced assets, after rather turbulent weeks that … “Pound Extends Gains on Retail Sales”
Category: Forex news
Sweden’s Krona Down Further on Economic Outlook
The Swedish currency has been one of the biggest losers in the European currency market as producer prices declined again in September, raising concerns towards the economic recovery in the country. Since Riksbank affirmed that interest rates in Sweden will continue at record low levels to stimulate the economic growth in the Nordic country, the krona has been having negative sessions which aggravated today after producer prices fell in September, evidencing the fragility of the Swedish … “Sweden’s Krona Down Further on Economic Outlook”
Canadian Dollar Strengthens on Decline Speculations
The Canadian dollar had the first session of recovery versus the greenback and several other major currencies after traders speculated that the current losing streak was not reflecting the present status of the Canadian economy, which is being one of the most resilient among wealthy nations. Even if Bank of Canada policy makers are constantly stressing on the fact that loonie rates should go down to ensure a fast recovery for the Canadian … “Canadian Dollar Strengthens on Decline Speculations”
Yen Trading Higher as Stocks Tumble
The Japanese currency ranked among the best performers in currency markets after several days of losses as stocks declined worldwide, attracting traders to the safety provided by yen-priced assets, and favoring also safer bets in financial markets globally. The South Korean won was one of the biggest losers versus the yen after climbing sharply due to a report showing a significant quarterly growth for the Asian emergent nation, in a movement that can be understood … “Yen Trading Higher as Stocks Tumble”
Pound Pares Losses After Exaggerated Rally
The pound reverted its losing trend from last week’s end, specially versus the euro, as traders interpreted the winning streak as inadequate, as U.K. could be starting its first signs of economic recovery. The pound has been facing extreme volatility as investors remain confused regarding the directions it may take in currency markets, considering the actual conjecture of the British financial scenario. Today, the pound rose specially versus the euro, as even … “Pound Pares Losses After Exaggerated Rally”
Intervention Fears Set Brazilian Real Down
The Brazilian real, ranking among the best performers in currency markets this year with the Australian and New Zealand dollar, experienced another day of losses as the government may take further action to halt the current national currency rally. The Brazilian real suffered another day of pessimism as speculations suggest that the national central bank could be ready to take further measures, after setting a tax for international capital inflows towards Brazilian … “Intervention Fears Set Brazilian Real Down”
Canadian Dollar Declines on Increasingly Negative Scenario
The Canadian currency, which even flirted with parity towards its U.S. counterpart, declined once again today reaching the lowest levels since the beginning of the month, as stocks and commodities impacted the loonie’s attractiveness in a negative way. The loonie is being a victim of its national central bank policies since it stated that a strong currency could stop plans of an economic recovery in the country, influencing traders’ perception towards the Canadian currency … “Canadian Dollar Declines on Increasingly Negative Scenario”
Dollar Rebounds on Undervalued Speculations
The dollar had the best performance in more than a month this Monday as speculations suggested that the current rate, mainly versus the euro, would be to low to sustain, making the greenback to erase much of the losses it posted last week versus the European common currency. The U.S. dollar gained versus several major currencies which touched record highs due to increased risk appetite that has been affecting the dollar’s attractiveness … “Dollar Rebounds on Undervalued Speculations”
Will the Pound Shrink with U.K.’s Economy?
The pound has been one of the biggest losers this year in foreign-exchange markets since several reasons, specially due to an artificial credit bubble that destabilized the British economy when the global slump crushed the world last year, forcing the pound down significantly, mainly versus the euro. The Great Britain pound did not manage to perform well again this week in foreign-exchange markets due to a gross domestic report published this … “Will the Pound Shrink with U.K.’s Economy?”
Canadian Dollar Down on Central Bank Pressure
After trading near parity with the U.S. dollar in the beginning of the week, the Canadian dollar fell sharply after the national central bank stressed on the problems a strong currency could cause to the economic recovery of the North American nation. The Canadian dollar had its first weekly loss versus its U.S. counterpart in 4 weeks after the Bank of Canada pointed that a strong currency could influence negatively the future of the Canadian economy, raising … “Canadian Dollar Down on Central Bank Pressure”