The Chilean currency had a weakening performance today, as the copper, one of the main exports of the South American nation declined, damping demand for…
Posts published in July 2009
New Zealand Dollar Rallies on Corporate Earnings
The New Zealand currency is trading this week near to a nine-month high versus the U.S. dollar, as corporate earnings and stocks performance attracted investors to the riskier profile of the…
Yen Declines as Stocks Rally Spurs Demand for Risk
The yen lost against all 6 major currencies as stocks continued a rally that is already the longest since 2003 on speculations that the global slump maybe ending, damping demand for…
Dollar Down as Risk Appetite Spurs Demand for Yield
The greenback posted a negative performance today as a decreased demand for safety made investors to leave the U.S. currency attracted to riskier assets in…
Euro Continues High as Demand for Safety Falters
The euro continued at high-levels versus the dollar and the yen, as stocks rallied and risk appetite damped demand for the safety of the Japanese…
British Pound Weakens on House-Prices Decline Forecast
The British currency lost against most of the 6 main traded currencies as a government institution affirmed that the crisis in the real estate market will persist until 2012, shunning…
Yen Rebounds on Global Banking Situation Concerns
The yen rebounded versus a number of important currencies as concerns regarding an eventual recovery of banking institutions worldwide rose, consequently attracting investors once again to invest in the safety of the Japanese…
Canadian Dollar Declines on Stocks, Crude Oil
The loonie posted the first losses against its U.S. counterpart as stock fell today and the crude oil barrel declined, affecting directly the Canadian dollar…
Dollar Rebounds on CIT Group Concerns
The U.S. currency rebounded versus several currencies after bottoming at a six-week low versus the euro, as speculations that the CIT Group may file for bankruptcy boosted demand for safety. The dollar climbed versus…
Swiss Central Bank Attempts to Control Franc Gains
The Swiss central bank widened its foreign currency holdings in order to prevent the national currency to continue its rally, being the current foreign reserves in Switzerland the highest…