Posts published in September 2009

Interest Rates Speculation Push Real Up

The Brazilian currency climbed the most in more than a week as speculations in the country indicate that the central bank interest rates will not continue to be cut. After losing for several days in a row…

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Australian Unexpected GDP Figures Push Currency Up

The Australian dollar gained today versus most of the main 6 currencies as a report indicated that the gross domestic product grew much beyond expectations, raising attractiveness for the Aussie, even if the market…

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Risk Aversion Fuels Yen’s Biggest Rally in 2009

The yen climbed for six days in a row versus the euro today as confusion is plaguing investors worldwide, which are purchasing yen-priced assets to protect their portfolios from days of high volatility…

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Pound Declines on Disappointing Manufacturing Numbers

The pound declined today versus the most of 16 main traded currencies after a report in the country indicated that manufacturing production declined beyond economists expectations, adding pessimism concerning the recession length…

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Hungarian Forint Declines on Asian Bearish Markets

The Hungarian currency declined together following most of Eastern European countries currencies, as a negative performance in Asian stock markets declined attractiveness for riskier assets, spurring demand for safety in dollar and yen priced…

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Canadian Dollar Declines Sharply on Oil Faltering Demand

The Canadian dollar started this week losing versus most of the 16 main traded currencies as a negative performance in stocks and commodities influenced the loonie’s attractiveness today, as investors opted for the safety of the greenback. After…

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