The dollar reverted its winning trend from yesterday as equities markets climbed worldwide, damping demand for the relative safety of the U.S. currency. The dollar lost versus the euro today as risk aversion declined,…
Posts published in “News”
Quantitave Easing Speculations Affect Pound Performance
The pound erased yesterday’s gains this morning after the Bank of England may insist in further quantitative easing measures as an attempt to revive the weakened British economy, which was one of the most affected…
Asian Bearish Market Spurs Yen Demand
The yen continued to grow today as equities markets in Asia had a faltering performance, since concerns about the economic recovery in the region remain very vivid, fueling demand for the safety profile of the Japanese currency.…
Equities Markets Rally Influences Mexican Peso
The Mexican peso had a positive day after severe declines as stocks in the U.S. climbed, attracting investors to purchase once again emergent market currencies, favoring peso-priced assets and several other Latin…
Hungarian Forint Climbs on German Confidence
The Hungarian currency posted significant gains today versus the euro and the dollar after a report in Germany indicated the highest rise in investors’ confidence in the wealthiest country in the European Union during the last three years.…
Pound Climbs on Unexpected Inflation
The pound had a positive performance today after U.K.’s inflation did not decline as specialists suggested, bringing optimism that the British recession might be easing since difficult periods tend…
Euro Reverts Losing Trend on Confidence
The euro stopped its decline versus the yen and the dollar today as optimism reappeared in Europe after a report indicated that German business confidence had the highest rise in more than a year, spurring…
Asian Economic Outlook Forces Brazilian Currency Down
The Brazilian real, one of the most benefited currencies by the evidences of economic recovery this year, traded at this month’s low today as Asian reports indicate that the global slump is still…
Chilean Peso Declines on Metallic Commodities Demand
The Chilean peso started the week losing versus most of the 16 main traded currencies as metallic commodities, an important source of revenue for the country, declined today. Copper exports account for more than a third…
Pound Falls as Real Estate Crisis Deepens
After rallying to a 10-month high versus the dollar two weeks ago, the pound is declining severely versus most of the main traded currencies, as the real estate scenario deteriorates in the United Kingdom, shunning…