The South African rand touched a one-week high versus the U.S. dollar today as demand for several commodities produced in the country emerged, providing support for the African nation’s currency to advance despite negative speculations.…
Posts published in December 2009
Dollar Rebounds on Jobless Claims
After having its winning streak halted yesterday and earlier today on a negative housing report and as the Fed insisted that economic stimulus will be maintained, the dollar rebounded slightly as an employment report…
Romanian Leu Hits Record High on New Prime Minister
The Romanian leu touched the highest level in three months versus the euro after the country’s parliament chose its new prime minister, lifting speculations that a political crisis could influence the country’s…
Russia’s Ruble Climbs Further as Oil Touches $75
The Russian currency benefited from another day of growing demand for the crude oil, providing support for the ruble to advance versus the euro, dollar and the pound, as the demand for energy rises in the coldest season of the year in the Northern…
U.S. Dollar Declines on Frustrating Housing Report
A long winning streak for the greenback versus currencies like the euro and the Aussie dollar was stopped after a housing report was published today bringing rather negative figures much below estimates,…
Pound Falls Further on BOE Meeting Outcome
The pound declined for another day after policy makers agreed unanimously to extend stimulus in order to rescue the faltering British economy from the longest recession in the last decades, decreasing attractiveness for an already weakened…
Home Sales Optimism Sets Greenback to Record High
The U.S. currency touched a three-month high versus the European common currency as another favorable report, this time in the real estate sector, attracted more investment towards the recovering North American currency.…
Russian Ruble Rally Halted After OPEC Meeting
The Russian ruble, which gained during the past three days as the crude oil rates advanced globally, had its rally stopped today after decisions taken in an OPEC meeting in Angola, which…
Canadian Dollar Top Performer on Interest Rates Outlook
The Canadian dollar advanced for a third day in a row after favorable reports showed improving economic conditions in the North American nation, suggesting that interest rates in the country may be hiked sooner…
Pound Suffers on U.K.’s Recession Numbers
The pound declined today versus the euro and the U.S. dollar as the Great Britain did not manage to find its way out of recession like multiple wealthy nations around the world already did,…