The dollar started the week rallying versus most of the 16 main traded currencies in foreign-exchange markets, as speculations among traders suggest that the Federal Reserve will not extend the current economic stimulus…
Posts published in “News”
Brazilian Real Rises on Foreign Investment
The Brazilian currency ended a third week of straight gains versus the greenback, the pound and several other major currencies as optimism and risk appetite is pushing traders to inject money in South America’s wealthiest…
Canadian Dollar Drops From Record High on Stocks
The Canadian currency did not manage to extend its rally that brought the loonie to the highest rate in one year as a corrective movement affected stocks today, influencing the loonie’s outlook negatively. The Canadian…
Dollar Recovers on Banking Sector Concerns
After hitting several lows versus multiple currencies during the past days as risk appetite surged in equities markets, the dollar rebounded slightly towards the end of this week’s session, as concerns regarding…
Polish Zloty Declines on Central Bank Concerns
The Polish zloty, one of the best performers among the Eastern EU members currencies this year had its rally halted today as the national bank indicated that a strong currency may jeopardize…
Will the Pound Trade at 1-to-1 Versus the Euro?
The pound continued to decline today versus most of the 16 main traded currencies on concerns that Lloyds Plc financial conditions are far from being sustainable, increasing speculations that the British…
Mexican Peso Decline on U.S. Jobless Claims
After rallying for several days in a row together with most emergent market currencies as optimism rose globally, the Mexican peso had its first decline versus majors as jobless claims are…
Canadian Dollar Raise National Bank Concerns
The Canadian dollar, which traded near the highest level since October last year as risk appetite is once again strong in commodities and equities markets, may influence negatively the North American…
Crude Oil Provides Support for Ruble Rally
The Russian currency benefited from a new wave of confidence among traders that forced commodities rates up, helping Russian assets to be more attractive in global markets, consequently influencing positively…
Dollar Continues Downtrend on Economic Optimism
After hitting 2009 record lows versus several currencies of different profiles like the Australian dollar, Brazilian real and Euro, the dollar did not manage to rebound mainly versus the latter, since…