Posts published in July 2009

Brazilian Real Continues Rally on Trade Surplus

The Brazilian real continued to gain versus the greenback today as renewed demand for Brazilian products helped the national stocks to gain, adding confidence to the real’s outlook. The Brazilian currency is one of the best performing this year…

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Canadian Dollar Hits 10-Month High on Improved Confidence

The loonie reached the highest level since October as stocks and commodities rose, improving attractiveness for the Canadian currency. The U.S. dollar is been affected by a strong risk appetite wave, which decreased attractiveness for the greenback,…

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U.S. Dollar Down Before Home Sales Report

The U.S. dollar started another week losing against currencies like the euro, as a report today is expected to show that home sales in the United States rose significantly, suggesting…

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Yen Drops as Asian Stocks Rally

The yen entered its eleventh day of losses versus most of the 16 main traded currencies as a rally in Asian stocks suggests that evidences indicating the end of the global…

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South African Rand Down on Merging Speculations

The South African currency, which hit an eleven-month high versus the greenback this week, pared its weekly gains as an Indian newspaper affirmed that the merging of Bharti with MTN may take longer than expected, raising…

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Pound Slides on Quarterly Recession Numbers

The pound posted losses today versus most of the 16 main traded currencies as today, gross domestic product figures released in the United Kingdom revealed that the quarterly recession…

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