Posts published in “News”

Euro Up on Greek Hopes

The euro emerged versus several important currencies as Greece will propose a strategy to solve its budget deficit crisis, declining pessimism among investors to purchase assets in the Eurozone. The Eurozone had a breather…

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IPO Boosts Demand for Brazilian Real

The Brazilian real is starting this month extending last week’s advance and reverting a negative trend from the beginning of the year, as the appeal for assets in the country are attracting foreign capital inflows and helping…

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Canadian Dollar Profits from Central Bank Comments

The Canadian dollar started the month of March on a bullish pattern after policy makers in the country affirmed that inflation is slightly above what the Bank of Canada expected, fueling speculations that interest…

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British Crisis Pushes Pound Further Down

The pound didn’t manage to pare last week’s losses versus most of the 16 main traded currencies this Monday, as not only the financial, but the political situation in the U.K. is rather negative,…

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Canada’s Dollars Starts Week Bullish on GDP

The Canadian dollar started this week extending a rally started last Friday as quarterly gross domestic product figures in the country surprised forecasts positively, attracting more traders to inject capital in the country…

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Canadian Dollar Benefits from Poor U.S. Data

The Canadian dollar pared some of the losses occurred this week as risk appetite rose significantly before the end of this Friday’s session, allowing the loonie and other currencies tied to growth to outperform a weakened…

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Singapore’s Dollar Gains on Asian and Domestic Economic Data

The Singapore dollar had one of the best weekly performances since the beginning of the year as optimism towards the domestic and regional economies improved, allowing the Singaporean currency to gain towards the weekend. After Singapore’s industrial…

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Budget Deficit Sets Pound to Sharp Fall

The British pound had another week of losses versus currencies from its main trading partners as the emerging budget deficit problems in the country are affecting market confidence among traders, shunning…

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Dollar Drops on Asian Improved Data

The U.S. dollar started this Friday’s trading session losing versus most of the 16 main traded currencies as reports in Asia didn’t confirm mediocre forecasts and brought optimism towards the global economic…

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