Posts published in May 2010

Trade Deficit Hurts South African Rand

The South African rand fell today after the country posted the trade deficit in April, which caused the concerns that the nation’s economy will be more dependent on the foreign financial inflows. South…

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Canada’s Economy Bolsters Canadian Currency

The Canadian dollar rose against its U.S. counterpart, paring previous losses, and extended its rally versus the euro today on the signs of the record economical growth and on rising oil prices, which caused…

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Czech Koruna Rises After Parliamentary Election

The Czech Koruna jumped today after the parliamentary election gave most votes to the parties determined to cut the budget spending, removing the concerns of the market participants that the election will be won by the parties…

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Japanese Yen Weakened by Political Turmoil

The Japanese yen dropped today after the Japan’s Social Democratic Party left the coalition government, causing speculation that the political turmoil will diminish the currency’s attractiveness as the safe haven. The Social Democratic…

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Euro Moves with Volatility This Week

The euro’s movement this week was signified by high volatility as the announcement of China’s government eased concerns, caused by troubles of Spanish banking system, then speculation about the possible ban of naked shorts…

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Dollar Strengthens vs. Euro & Pound, Weakens vs. Yen

The U.S. dollar rose today against the euro and the Great Britain pound after the reports showed that the U.S. economy continues to expand, Japanese yen managed to outperform the U.S. currency, though, as the economic…

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Brazilian Real Declines After Appreciation

The Brazilian real strengthened, before retreating again, today as China stated that the report about its decision to abandon the European investments was “groundless”, easing the concerns on the global markets. The volatility of the real…

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Concerns Go Away, Euro Goes Up

The euro advanced today against the U.S. dollar, erasing the yesterday’s decline, and rose versus the Great Britain pound and the Japanese yen after China confirmed its intentions to invest in Europe, damping the risk…

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