The Australian dollar, the second best performing currency in trading markets this year after the Brazilian real, climbed further as China, its main trading partner, posted positive economic figures this…
Posts published in “News”
British Pound Down on BOE Unexpected Comments
The British pound went down versus most of the 16 main traded currencies this Wednesday after Bank of England officials affirmed that a weaker pound can boost the economic recovery in the nation,…
Dollar to Fall in 2010 on Record Low Interest Rates
The U.S. dollar touched its lowest level in more than a year versus most of its main rival currencies as speculations suggest that the Federal Reserve will maintain borrowing costs in a historic…
Canadian Dollar Hits Record High on Global Growth
The Canadian currency traded at the highest level in almost a month after China posted a report indicating a sharpened growth, consequently favoring the loonie’s outlook due to Canada’s exporting economic profile, which is…
Crude Oil Above $80 Forces Canadian Dollar Up
Canada is one of the main suppliers of oil to the United States, and as the barrel passed the $80 dollars mark, the Canadian currency found support to extend previous gains as investors return to purchase assets in Canada,…
Chilean Peso Hits Record High on 2010 Growth Report
The commodity export driven economy of Chile is set to growth more than previously expected for the next year in a report published today that helped the national peso to reach the highest level in 2009…
Dollar Rises From Record Low
After being traded at the lowest level in 15 months yesterday, the greenback rebounded mainly versus higher-yielding options, as traders indicated that the U.S. currency devaluation could be too high and not…
Pound Declines on Pessimistic Credit Rating
The Pound fell versus most of 16 main traded currencies after one of the most respected financial institutions in the world affirmed that the credit situation in the U.K. remain as one of the most delicate among…
Brazilian Real Rises on G-20 Stimulus
The Brazilian real was one of the most benefit currencies today with the Group of 20 statement indicating that stimulus measures to support the global economic recovery will be extended, increasing risk…
Gold Hits Record High Pushing South African Rand Up
South Africa is one of the world’s largest precious metals producers, and today, as the gold and platinum rose in a session of strong risk appetite, the African nation witnessed a strong bullish pattern in its currency’s…