The Russian currency benefited from a new wave of confidence among traders that forced commodities rates up, helping Russian assets to be more attractive in global markets, consequently influencing positively…
Posts published in September 2009
Dollar Continues Downtrend on Economic Optimism
After hitting 2009 record lows versus several currencies of different profiles like the Australian dollar, Brazilian real and Euro, the dollar did not manage to rebound mainly versus the latter, since…
Brazilian Real Extends Record on Economic Recovery
The Brazilian real had another day of gains versus most of 16 main traded currencies and extended its 2009 record versus the greenback as improved economic data domestically and globally brought investors…
Chilean Peso Gains on U.S. Positive Reports
The Chilean peso was one of the emergent markets currencies that benefited from the latest U.S. reports which fueled high-yielding currencies rally and increased traders’ confidence to purchase riskier assets in economic…
Record Unemployment Affects British Pound
After a report indicating the highest unemployment rate in more than a decade in the United Kingdom, the pound lost versus most of the 16 main traded currencies, as the British economy has been one of the most…
Will Global Optimism Affect Dollar Until 2010?
The U.S. dollar traded today in the lowest level versus the European common currency as solid evidences of economic recovery continued to appear in North America and worldwide, spurring demand for yielding and weighing on the greenback outlook.…
Canadian Dollar Gains Further on Risk Appetite
The Canadian currency, which had been losing versus its U.S. counterpart, climbed the most in more than a week today, as a U.S. retail sales report brought optimism and consequently risk appetite…
Brazilian Real Hits One-Year High on Retail Sales
The Brazilian currency extended yesterday’s gains versus the U.S. dollar as both retail data from Brazil and the United States improved, suggesting that the economy in both countries is recovering, which provided…
Pound Declines on BOE Shocking Statement
After a surprisingly negative statement made today by the Bank of England, the United Kingdom witnessed a sharp decline for the pound versus most of the 6 major traded currencies globally, as it indicates that…
Yen Declines Versus Greenback as U.S. Economy Recovers
The yen fell against the U.S. dollar today as several evidences are suggesting that the American economy may be finally recovering, making traders who opted for the Japanese currency as a refuge from…