Canada has been one of the fastest economies to recover from the recession that impacted the world last year, but the Bank of Canada is stressing on the fact that strong currency may delay…
Posts published in “News”
Risk Appetite Continues to Punish Greenback
The dollar proved itself unable to resist a new wave of risk appetite this week that set the greenback to the lowest levels in 2009 versus several currencies in virtually all economic regions in the world,…
Pound Rebounds on BOE Plans
The British currency managed to revert a downtrend versus the dollar, euro, and several other main traded currencies after the Bank of England signaled it will not continue its asset purchase program,…
Rand Pare Losses on Rates Speculations
The South African rand erased losses from the beginning of the way today on speculations that interest rates in country will not be cut, raising attractiveness for the high-yield profile of the South African currency.…
Record High for Brazilian Currency as Stocks Climb
The Brazilian currency was one of those which benefited today from a growing optimism in stocks and commodities markets, attracting traders to emergent markets and setting the highest rate for the Brazilian currency versus the greenback…
New Zealand Dollar Hits Record High on Accounts
The kiwi, how often the New Zealand currency is referred to, touched an eleven-month high versus the greenback and gained versus most of the 16 main traded currencies as international and domestic factors raised…
Dollar Tumbles on Stocks and Optimism Rebound
After gaining slightly versus most of the 16 main traded currencies yesterday as stocks fell and risk appetite declined, today market trends reverted, attracting investors to yield and setting a new record…
Brazilian Real Down on Trade Surplus Revision
Domestic and International events brought the Brazilian currency down today after touching the highest rate in one year last week, suffering the consequences of corrective movements in trading markets combined with a degree…
Canadian Dollar Declines Further on Commodities
The Canadian currency, highly linked to commodities and equities markets fluctuations declined today as corrective movements affected stocks globally, as optimism is not as significant as last week among investors. The loonie, as often…
Bank of England Forces Pound Down Once Again
The British currency is trading at record low levels versus the euro and the dollar as the national central bank affirmed that the real exchange rates for the pound may have been affected by the crisis,…