As unemployment surged in the South Pacific nation of Australia, speculations that interest rates will be hiked before the end of the year decreased, making the Aussie to post its first decline this week…
Posts published in September 2009
Polish Zloty Declines After Bond Sale Fiasco
The Polish currency declined today versus the euro after a Polish central bank 5 bond sale that ended with just slightly more than half of the bond offered sold, suggesting…
Canadian Dollar Remains High Before Bank Declarations
The Canadian currency, which has been benefiting together with several other currencies linked to commodities and equities performances, continued at a high level before a central bank meeting today that may…
Retail Sales Report Affects Australian Dollar Performance
The Australian currency, which touched the highest level in one years versus its U.S. counterpart yesterday, fell as domestic reports indicated today that the country’s economic health is not as good…
Dollar Rebounds as Stocks Fall
After a sharp decline yesterday due to increased risk appetite in stocks markets globally, the dollar rebounded today as speculations led traders to understand that the current gains in equities may not reflect…
Mexican Peso Extends Gains on Optimism
The Mexican peso had the fifth consecutive gains versus the U.S. dollar as optimism is helping stocks to climb globally, damping demand for the greenback and attracting investors to emergent markets like Mexico. Mexico…
Brazilian Real Benefits From Stocks Climb
The Brazilian real hit today a 3-week high versus the U.S. dollar as optimism forced up commodities and equities rates, bringing investors towards riskier assets in emergent markets like those of South…
Pound Climbs on U.K. Manufacturing
The pound climbed today versus most of the 6 main traded currencies as the situation starts to become more positive for the British economy, pushing stocks up in London and consequently attracting international inflows of capitals…
World Economic Rebound Forces Dollar Down
The dollar is losing this week versus important major currencies like the euro and the pound as renewed optimism towards an economic recovery damped demand for the safety profile of the United States currency, as investors…
Australian Dollar Rises on G-20 Economic Stimulus
The Australian currency is trading near the highest levels in 2009 after the Group of 20 most influential countries in the world affirmed that stimulus will remain to rescue the global economy, attracting investors…