A combination of factors involving commodities price rebound, stocks rally and a less attractive U.S. dollar in global markets made the loonie to post the highest gains since the Korean…
Posts published in May 2009
British Pound Climbs as House Prices Rebound
The pound sterling rallied against the dollar and the yen after a report on house prices revealed an unexpected rise in May, boosting confidence among investors that the real…
The month of May posted the biggest losses for the U.S. currency in a one-year period against the euro, as equities markets continue to rise on optimism about improvements in the global…
The yen hit a 8-week low against the dollar and also lost ground against the euro, as Japanese investors, driven by a new wave of confidence on world markets, return to overseas investments. The Ministry of Finance in Japan…
The Brazilian currency had the sharpest rise in seven days after the countrys first current account surplus in 19 months was posted this week, pushing the national equities market…
Yen Slides on U.S. Economy Recovery
After a rebound in the North American consumer confidence, Asian stocks rallied, decreasing demand for safer investments such as the Japanese yen. The yen lost ground against currencies…
Yuan Falls as China Doesn’t Want Appreciation
The Chinese yuan declined at a fastest pace during the last two months as the countrys central bank lowered the reference exchange rate to stimulate the exporting industry. The Chinas yuan…
The Japanese yen declined against the U.S. dollar and the euro as the North Korea tested its nuclear bomb, increasing the political tension in the region and…
The dollar fell to the lowest level against the euro since early January as the S&P credit rating agency revised U.K. rating outlook and traders are afraid that the U.S. will be next. The euro rose…
NZD Gains for 4th Day Against U.S. Dollar
The New Zealand dollar rose for the fourth straight day against its U.S. counterpart and advanced for the second day versus the Australian dollar today,…