This week has been extremely volatile for the U.S. dollar as different events moved markets sentiment among traders, forcing the dollar slightly down today after it rallied from the lowest…
Posts published in November 2009
Brazilian Real Down on Intervention Talks
The Brazilian real posted another negative session today as movements in the central bank led traders to speculate that further measures will be taken to halt the real’s rally, which already rose…
Canadian Dollar’s Rally Halted as Commodities Falter
The Canadian dollar had the first day of losses versus its U.S. counterpart and several other key-currencies as the price of commodities declined this Thursday after a sharp rise that started in the beginning of this…
Aussie Dollar Extends Record High on Jobs Data
The Australian dollar continued its yearly rally to set a new record high in 2009 after a report indicated an improved number of monthly jobs added in October, suggesting that the nation’s central bank…
Yen Rises on Chinese Government Statement
After several days driven by risk appetite globally favoring high-yielding currencies and forcing commodities rates up, the rally was halted as China affirmed that the economic recovery is uneven,…
Australian Dollar Remains Bullish on China Growth
The Australian dollar, the second best performing currency in trading markets this year after the Brazilian real, climbed further as China, its main trading partner, posted positive economic figures this…
British Pound Down on BOE Unexpected Comments
The British pound went down versus most of the 16 main traded currencies this Wednesday after Bank of England officials affirmed that a weaker pound can boost the economic recovery in the nation,…
Dollar to Fall in 2010 on Record Low Interest Rates
The U.S. dollar touched its lowest level in more than a year versus most of its main rival currencies as speculations suggest that the Federal Reserve will maintain borrowing costs in a historic…
Canadian Dollar Hits Record High on Global Growth
The Canadian currency traded at the highest level in almost a month after China posted a report indicating a sharpened growth, consequently favoring the loonie’s outlook due to Canada’s exporting economic profile, which is…
Crude Oil Above $80 Forces Canadian Dollar Up
Canada is one of the main suppliers of oil to the United States, and as the barrel passed the $80 dollars mark, the Canadian currency found support to extend previous gains as investors return to purchase assets in Canada,…