After several sessions of strong risk aversion affecting emerging market currencies, optimism returned among traders on expectations that an European Union proposal to rescue Greece will boost appeal for riskier…
The Brazilian real was one of the emerging market currencies that profited from an increase in risk appetite after speculations suggesting that the EU will help Greece to solve its budget deficit…
The euro rallied significantly versus currencies of its main trading partners today on speculations that the European Union will help Greece to end its financial crisis, affecting the single currency outlook…
The euro remained trading near 2010 record lows reached last week as the fiscal health of several Eurozone member countries is putting the single currency under pressure before an ECB monthly…
The krone rose today as Norway’s chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week’s trading session as concerns regarding…
After a bearish last week that forced emerging market currencies down versus refuge investments in the U.S. and Japan, risk appetite returned timidly today, allowing the South African rand to climb…
The Canadian currency climbed from the lowest rate in 2010 versus its U.S. counterpart as a positive real state report combined with a slight recovery in the crude oil rates gave strength for the loonie…
The U.S. dollar profited last week from a wave of uncertainty that brought investors to opt for safer bets in foreign-exchange markets, and this trend might last for a longer period mainly versus European…
The euro ended this week posting a weekly drop versus most of the main currencies as the financial situation in several Eurozone member countries is damping demand for the single currency, after a sense of instability…
The Russian ruble had its worst weekly performance in 2010 as demand for the crude oil declined specially in Europe, as uncertainty regarding some EU members budget deficits plagued markets and rose pessimism…