The Canadian currency benefited from a risk driven session today after commodities and stocks climbed considerably on renewed market confidence since concerns regarding Greece’s budget deficit cooled down in Europe,…
Posts published in “News”
Euro Advances as Greece Concerns Considered Excessive
The European single currency gained considerably versus the U.S. dollar and the Japanese yen as traders considered the lack of attractiveness for the euro too strong as Greece’s budget crisis is not so serious in terms…
Yen Down on Deflation Concerns
The Japanese yen started this Tuesday’s session down versus most of the 16 main traded currencies as concerns regarding the country’s deflation are fueling speculations that interest rates will be…
Hungarian Forint Falls on Upcoming Budget Crisis
The growing problems of budget deficits are not an exclusivity among EU countries using the Euro, as several of its eastern nations, as in the case of Hungary, have a budget deficit much above the maximum tolerated…
Euro Remains Bearish on EU-Greece Talks
It seems that another week of downtrends has started today for the European single currency, as EU officials suggested that Greece will have to implement a harder budget-cut policy in order to be…
Aussie Dollar Profits From Optimism Towards China
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…
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…