After losing for five consecutive days, the Canadian currency rebounded versus its U.S. counterpart as stocks in Toronto climbed and the crude oil rebounded followed by most of the main traded commodities. The Canadian dollar,…
Posts published in “News”
Dollar Slides Before Fed Meeting
The dollar, which rebounded since last Friday as economic reports did not reflect a favorable situation in Asia and Europe, declined slightly versus the euro today, before tomorrow’s Fed Meeting. The Federal…
Inflation Figures Affect Pound Performance
The pound started another day losing versus the dollar and the euro in the European session as the Bank of England affirmed that the 2 percent inflation target won’t be met, raising concerns regarding the British…
Yen Continues Rally on Chinese Minister Statement
The yen is being traded at the highest level in August as Asian stocks declined again, pushing the Japanese currency up for a third day in a row, since bearish markets rise attractiveness for the safe profile…
Polish Zloty Down as Rally May Halt Economic Growth
The Polish currency, which was climbing systematically during the previous two months as signs of economic recovery attracted traders to this emergent European Union economy, had a sharp decline this week…
Brazilian Real Declines Further on China’s Industrial Output
The Brazilian real is having its worst week since the beginning of July as pessimistic news rose risk aversion among traders, damping demand for the Brazilian currency high-yielding profile. Today several…
Chinese Industrial Outlook Decline Pushes Yen Up
Several negative numbers in China today brought worldwide investors to purchase yen-priced assets as pessimism and confusion regarding the global economic situation have returned to financial markets, favoring the safe profile of the Japanese…
Australian Dollar Down on Chinese Negative Data
The Australian Dollar lost today against several currencies like the yen and the U.S. dollar after a negative report in China pushed investors back to safer assets, damping demand for the Aussie’s riskier profile.…
Mexican Peso at 4-Month High on U.S. Recovering Data
The Mexican peso started the week at the highest level in 4 months as the United States are signaling that the path out of recession has been already started. The Mexican currency climbed to a 4-month high…
Euro Slides on Economic Conditions Comparison
The euro fell today versus the U.S. dollar and several other main traded currencies as speculations indicated that a number of economic zones are likely to grow faster and sharper than the Eurozone. The euro…