Posts published in December 2009

Mexican Peso Up as Stocks Hit Record High

The Mexican currency had a winning performance versus several important currencies as stocks rallied on speculations that the Latin American economy will recover faster than other emergent markets. After Mexican…

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Yen Drops on Intervention Talks

The Japanese currency declined versus most of the 16 main traded currencies after speculations rose that Japanese officials are ready to intervene on the current yen’s level, as it would be an obstacle…

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Dollar Rise on U.S. Stocks Decline

After a very sharp fall versus the euro and high-yielding currencies, the dollar gained today as equities markets, specially in the U.S. ended a rally that started in the beginning of the week with renewed optimism regarding…

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Aussie Dollar Rocketing on Rates Hike

The Australian dollar rose versus most of the 16 main traded currencies as interest rates were once again raised in the country, making the Aussie currency one of the most attractive investment in foreign-exchange markets…

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Brazilian Real Benefits From China’s Manufacturing

The Brazilian real, together with most emergent markets currencies, climbed today, specially versus the greenback and the yen, as risk appetite returned to markets on renewed optimism. After China posted the sharpest monthly…

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Crude Oil Sets Canadian Dollar to Record High

The Canadian dollar touched the highest rate in 2 weeks after risk appetite returned to commodities and equities markets, forcing the main Canadian export, the crude oil, up, and consequently affecting positively the rates…

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Dollar Weakens on Pending Home Sales, Dubai Rescue

The dollar had another day of negative performance versus the euro and most of high-yielding currencies this Tuesday as home sales in the U.S. improved and Dubai World’s debts are likely to be rescue by the Abu…

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