The U.S. currency lost towards the end of the past week as several factors improved investors’ confidence worldwide, attracting investors to emergent-market currencies, as commodities and stocks surged fueled by positive reports in Europe…
Posts published in “News”
Canadian Dollar Hits 2-Week High on Stocks, Crude Oil
The Canadian dollar extended its yesterday’s gains today as optimism rose worldwide regarding the so much waited economic recovery, pushing commodities that influence loonie’s rates up. Federal Reserve…
Yen Declines On U.S. Home Sales Improvement
The Japanese currency declined before the end of this week’s session on improved U.S. housing data, suggesting that the wealthiest country in the world is finally reacting economically from the worst recession in decades.…
Brazilian Real Climbs on European Confidence
The Brazilian real, the best performing currency among the emergent markets, rose today after the German and French positive PMI reports, which brought investors back to riskier assets relying on speculations that…
German Manufacturing Provides Support for Euro Climb
Germany and France posted favorable reports today indicating that the wealthiest countries in the Eurozone may be finding its way out of recession, evidence which helped the euro to gain versus several…
Brazilian Real Declines on U.S. Jobs Data
The Brazilian real declined today slightly, after three consecutive days performing positively, as U.S. jobless claims posted an unexpected rise, damping demand for emergent-market currencies. After climbing on national unemployment…
Goldman Sachs Influences Canadian Dollar Rally
The Canadian dollar traded at the highest level this week after one of the most relevant investment banking corporations in the world suggested that the loonie is likely to gain versus its U.S. counterpart…
Pound Slashes Gains on Record Deficit
The pound, which benefited yesterday from a new wave of risk appetite in European markets declined erasing most of its previous gains as today, a report indicated the largest budget deficit for the month of July…
Asian Stocks Force Yen Down
The yen lost in the beginning of today’s session in Asia, as stocks climbed in China and South Korea, bringing a certain level of confidence that helped investors to search for higher-yielding options, selling yen-priced assets. Multiple…
Canada’s Dollar Losing Streak Ends on Oil Rebound
The Canadian currency, which lost more than 3 percent versus its U.S. counterpart during the last week, rebounded today as oil rates climbed in New York trading markets. U.S.…