Posts published in December 2009

Emerging Market Currencies to Decline in 2010

As the market sentiment has shifted towards the end of this year’s trading session, emerging market currencies like the Brazilian real and the South African rand, which ranked among the top performers in currency…

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Yen Down on U.S. Optimism

The Japanese currency started the week losing versus the greenback as the U.S. economy recovers, reiterating speculations that Fed stimulus may be lifted in a foreseeable future. The yen lost today specially versus…

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South African Rand Down as Greenback Appeal Rises

The South African rand continued a decline that set it to the lowest rate in almost two months as a greenback rebound is decreasing attractiveness for high-yielding emergent market currencies. The dollar’s losing trend…

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Canadian Dollar Bullish on Commodities, Retail Sales

The Canadian dollar extended its last Friday advance and gained versus the euro and the Australian dollar as stocks in North America rose, evidencing the loonie’s correlation with equities and commodities markets, which also…

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Pound Remains Bullish on Mortgage Approvals

The pound found support to trade near a one-month high level versus the euro after a report showed an improvement in the number of mortgage approvals, adding attractiveness for the sterling before the end of this week’s session.…

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Swiss Franc Hits 9-Month High Versus Euro

The Swiss franc, considered a refuge currency, benefited today from a rather risk averse scenario and gained versus several currencies, declining below less than 1.50 line versus the euro for the first…

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Canadian Dollar Benefits on Iran-Iraq Oil Tensions

The Canadian currency is ranking among the best performers today in foreign-exchange markets as the crude oil and metallic commodities rose today, favoring Canadian stocks that benefited from tensions in the Middle East…

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