The euro declined today versus the U.S. dollar and the pound after posting a rebound last week on weak U.S. housing data, but its deficient credit outlook for several bloc’s members is…
Posts published in “News”
Dollar Rises Before Confidence Report
The U.S. currency reverted a negative trend versus the euro before a consumer confidence report to be published tomorrow, which is likely to indicate improving conditions, raised attractiveness for the greenback in foreign-exchange markets.…
Brazil’s Real Advances on Transactions, Risk Appetite
The Brazilian currency is ending the year of 2009 as the best performing currency in foreign-exchange markets and advanced versus most of the majors as large sums of foreign currency were sold in local markets today, consequently…
Yen Falls on Japanese Risk Appetite
The Japanese currency lost versus most of the 16 main traded currencies this Monday after a report published this morning in Japan indicated a higher monthly industrial production, damping demand for refuge…
Euro to Drop in 2010 on EU Members Credit Rating
The European common currency may experience further declines in the beginning of 2010 against currencies like the Canadian and the U.S. dollar, as well as the Swiss franc, as concerns regarding the financial health among the bloc members…
Yen Posts Weekly Drop on Poor Interest Rate Outlook
The Japanese currency posted a poor performance this week as the economic recovery prospect is not leading traders to believe that interest rates will be raised from an all time record…
Chilean Peso Rebounds on U.S. Optimism
The Chilean peso had its first advance in five days as optimism towards the U.S. economic recovery returned to trade markets fueling demand for raw materials produced in the South American nation. A U.S.…
Canadian Dollar Bullish on Oil Rates, To Gain in 2010
As the crude oil, Canada’s main export to the U.S., continued to climb today, the Canadian currency traded high versus most of the 6 majors currencies, as the loonie’s outlook remains among the best bets for 2010…
South African Rand Advances on Demand for Metals
The South African rand touched a one-week high versus the U.S. dollar today as demand for several commodities produced in the country emerged, providing support for the African nation’s currency to advance despite negative speculations.…
Dollar Rebounds on Jobless Claims
After having its winning streak halted yesterday and earlier today on a negative housing report and as the Fed insisted that economic stimulus will be maintained, the dollar rebounded slightly as an employment report…