The Brazilian currency was one of the multiple affected by a Dubai debt payment delay, setting the emergent market real to the third consecutive losing week versus the greenback. Dubai World, a government owned investment…
Posts published in “News”
Ruble Declines as Russian Officials See Opportunity
After Dubai affirmed that it will delay its debt payments, emergent markets currencies like the Russian ruble rated among the most affected, but central bankers affirm that…
Yen’s Rally Raises BOJ Concerns
After the yen touched a 14-year high this week versus the greenback as the Bank of Japan did not discussed the currency fluctuations, finally concerns emerged, as the current levels could be high enough…
Dubai Debt Makes Another Victim: Canadian Dollar
The Canadian dollar, which gained sharply versus the greenback on the beginning of the week, plunged since yesterday as Dubai World, a government owned investment company is trying to delay its debts payments, bringing…
South African Rand Down on Commodities, Dubai Debt
TAfter Dubai announced that it intends to delay debt payments, emergent markets and commodities fell worldwide, declining attractiveness for the South African currency in foreign-exchange markets this Thursday. Emergent markets…
Hungarian Forint Down on Dubai Debt
The Hungarian currency had its sharpest fall in a month after Dubai announced that it’s likely to delay debt payments, declining attractiveness for emergent markets less appealing currencies in Central and Eastern…
Swiss Franc Down on Central Bank Speculations
After touching parity and gaining further versus the U.S. dollar, the Swiss franc declined today versus virtually all 16 main traded currencies, as speculations indicate that the national central bank…
Yen on Decade Record High on BOJ Positions
The yen gained versus virtually all currencies as speculations indicate that further climbs for the Japanese currency will be accepted by the nation’s central bankers, setting the currency to the highest level in 14…
Mexican Currency Up on Domestic Reports
After a series of positive domestic reports, the Mexican currency extended its previous gains climbing further versus the U.S. dollar as investors are more confident to invest in the Latin American nation. The peso…
Canadian Dollar Rises on Russian Bets
The Canadian dollar touched the highest price in a week after the crude oil advanced today and Russia affirmed that it will add the Canadian currency in its reserves, raising attractiveness for the loonie in trading…