The greenback dropped this Thursday as increasing speculations of a world economic recovery increased risk appetite among traders, inducing the purchase of high-yield currencies. The New Zealand and the…
Posts published in June 2009
U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up
The loonie continued its rally after a day of losses as the main trading partner of Canada, the United States, is showing signs of an economic revival. The Canadian currency has been…
Yen Continues Fall as Demand For Yield Rises
The Japanese currency had a day of losses against major currencies and higher-yielding assets as the global slump eases, improving investors confidence to take riskier positions. The yen has been…
The Royal Institution of Chartered Surveyors said that the United Kingdom real estate market is stabilizing, spurring demand for the pound sterling after sequential days of losses. The…
Canadian Dollar Climbs on Oil Rise, Stocks Rebound
The loonie posted significant gains versus the U.S. dollar as the crude oil continued to advance and optimistic speculations about the world economy brought stock markets up. Canadas dollar posted the highest gains in 59 years…
The pound posted the fourth day of losses in a row against the U.S. dollar as a serious political crisis deepens in Great Britain, where Prime Minister Gordon Browns Labour party is losing…
Dollar Climbs on Interest Rates Raise Speculations
The dollar gained versus the main currencies as speculations that the U. S. Government will raise its interest rates by the end of the year, consequently causing a bearish day in equities markets around the world. High-yield currencies…
The greenback had the highest rally since April against the euro, pound after a U.S. employment report indicated that fewer jobs were cut than forecasts predicted,…
The Brazilian currency continued its rally against the dollar, euro, as the demand for commodities continues to rise on improved economic conditions mainly in Asia, spurring demand for assets in emergent markets. Since the price of commodities…
Pound Falls as Government Crisis Deepens
The British pound fell sharply versus the euro and the dollar as a fifth U.K. minister resigned, increasing the already significant concerns on Gordon Browns government stability and the…