Even if China’s new domestic economic policies have been impacting markets negatively since the the beginning of the year, the Australian dollar managed to climb slightly versus important currencies today as analysts…
Posts published in February 2010
Brazilian Real Posts Weekly Rebound on Optimism
After several weeks dropping on high risk aversion, the Brazilian real benefited from positive news this week coming from North America and Europe, attracting investors back to emerging markets,…
Euro Continues Bearish on Fiscal Crisis
The euro ended another week losing versus most of the 16 main trading currencies as a concrete rescue plan for several Eurozone members budget crisis hasn’t been proposed by government officials, bringing…
Norway’s Krone Falls on China’s Reserve Requirements
The Norwegian currency ended this week losing versus the euro and the dollar, after the crude oil rally that fueled the krone’s advance during most of this week’s session lost strength, since…
Europe Economic Data Extends Euro’s Downtrend
The euro is going to finish another week posting losses versus most of the 16 main traded currencies after GDP figures published today for the European Union showed worse-than-expected numbers for the region…
Pound Down on China’s New Requirements
China brought risk aversion once again to high levels before the end of this week’s session after it announced new lending requirements for banks, making the pound to trade towards another…
Ruble Benefits From Oil Rally
Russia is one of the main suppliers of oil for Europe, and today, as the energetic commodity continued to climb, the ruble profited from renewed confidence in trade markets and gained versus several currencies of its trading…
Krona Hits Record High on Swedish Interest Rate Outlook
The Swedish krona traded at the highest level in more than a year versus the euro as the nation’s central bank signaled that interest rates may be hiked sooner than previously expected by analysts,…
Canadian Dollar Advances on U.S. Jobless Claims
The Canadian dollar continued to gain today versus its U.S. counterpart as risk appetite rose considerably in North America after U.S. jobless claims declined beyond expectations raising demand in markets…
EU Position Towards Greece Affects Euro
The euro tumbled today after an EU summit in which traders were frustrated by lack of initiative from other bloc’s members to help Greece to prevent its budget crisis to worsen, impacting the continent’s…