The British currency is heading for the firstly weekly decline against the dollar in a month, after a report released today indicated a less significant service sector growth for the…
Pound Drops on Negative Service Industry Data
July 3, 2009
Posts published in July 2009
Recession Concerns Sets Dollar to Weekly Gain
July 3, 2009
The dollar is coming to this weeks end advancing against the euro and the pound, after a U.S. report indicated more job cuts than predicted, raising concerns that the…
Chilean Peso Faces Biggest Fall in 2 Months
July 2, 2009
The Chilean peso, which was one of the best performance currencies since April, fell significantly as a U.S. jobs report damped demand for risk and emergent market currencies. The Chilean peso has been…
The loonie had a day of losses versus virtually all main traded currencies, as U.S. jobs were cut more than what forecasts predicted, damping demand for risk appetite in markets. The Canadian…
Swedish Krona Down on Central Bank Surprise
July 2, 2009
The Swedish krona lost against the euro and the dollar today after the nations central bank unexpectedly cut its benchmark interest rate and stated that the recession is deeper than predicted. The Swedish currency went…
China’s Confidence on Dollar Pushes Greenback Up
July 2, 2009
The U.S. dollar climbed today after a Chinese Foreign Ministry official stated that the believes in the stability of the greenback, and informed that he is unaware of discussions next week…
Polish Zloty Hits 6-Month High Against Euro
July 1, 2009
The Polish currency hit a six-month record versus the euro, after getting a World Bank loan to rescue the country from one of the most severe recessions among the European Union bloc members. After…
Mexican Peso Rises on U.S. Manufacturing Numbers
July 1, 2009
The Mexican peso had a positive performance today as U.S. manufacturing shrank at a slower pace, adding confidence that the U.S. recession might be ending. In the United States, the Institute for Supply Managementâs factory…
The Brazilian Real, which posted the best quarterly performance since it was introduced 15 years ago, is set to prolong its rally, as former central banker bets on the South American economy ability to rebound…
The yen declined to a two-week low against the euro and lost versus several other currencies as a report in China indicated an increase in manufacturing, helping investors to be confident to purchase high-yielding assets…