The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates…
Posts published in June 2009
Pound Drops After Rise in Unemployment
The pound posted losses versus the main currencies after a bearish day in the stock market followed by a rise in the United Kingdom unemployment figures, damping demand for the…
Euro Rebounds Versus Dollar on German Confidence Report
After days of decline versus the dollar, the euro climbed against the greenback after the German economic sentiment rose at a level higher than expectations, creating speculations of a quick…
Yen Rises as Stock Losses Spur Demand for Safer Assets
The yen had a day of massive gains versus the main high-yielding currencies as Asian stocks fell after speculations that a report may indicate a slowdown in U.S. industrial production, creating a risk aversion…
Latvia’s Government Sells National Currency
The Latvian Government sold lati after the currency reached its trading band limit, being the first sell since the month of November, as the nation…
Dollar Climbs After Russian Minister Declaration
The dollar had the highest rise in a week against most of the main currencies after Russian Finance Minister Alexei Kudrin stated that the nation has full confidence…
Canadian Dollar Falls as Crude Oil Price Declines
The loonie posted the sharpest fall in 4 days against all major currencies, interrupting a bullish trend as the price of crude oil stopped its rally, damping demand for the Canadian currency high-yielding profile. The Canadian…
The South African rand had a third consecutive day of positive performances as the global economic conditions are evidently improving, adding attractiveness to emergent market currencies. The rand is one of the most volatile and influenced…
Dollar Climbs Before G-8 Meeting
After several days of losses, the greenback rebounded, ending the week with a rather neutral performance before a G-8 meeting, where Timothy Geithner may state in favor of a strong U.S. dollar.…
The kiwi, as the New Zealand currency is often associated with, posted gains versus most of the main currencies as the national interest rate remained uncut. The Reserve Bank…