The Australian dollar is being traded today near a 10-month high as job figures in the country came unexpectedly positive, adding confidence that the South Pacific region will be one of the first…
Posts published in “News”
Brazilian Real Drops After U.S. Reports
After a report in the U.S. indicating that services industries contracted at a faster pace last month, the Brazilian currency witnessed its first decline in over a week, as concerns regarding the global economy affect…
Mexican Peso Climbs on Credit Rating
The Mexican Peso climbed to a 2-month high after Moody’s stated that the country has a stable outlook for investments, erasing speculations that the country would be downgraded for the first time since 1995.…
Pound Continues Rally Versus Euro and Dollar
The pound is gaining again versus the euro and the dollar as services industry grew and U.K manufacturing jump beyond expectations in July, pushing the pound to the highest level in 9 months. The pound sterling may…
Finance Minister Halts Canadian Dollar Rally
The Canadian dollar, which has been gaining heavily versus several most traded currencies, finally stopped its rally after the national Finance Minister affirmed that eventual measures may…
Israel’s Sheqel Falls on Dollar Purchase Speculations
The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency. The Government of Israel started a program last year when…
Will the Pound Rebound to Pre-Crisis Levels?
The pound posted today a positive performance versus the U.S. dollar bringing the British currency to the highest levels in more than 9 months, leaving speculations of an eventual rebound for the Great Britain currency. A British…
Yen Rebounds on Stocks Correction Movement
After gaining sharply for three days in a row, today stocks declined around the world, fueling demand and opening a profit opportunity with the currently weakened Japanese currency, which is witnessing its…
Canadian Dollar Climbs Fueled By Stocks Rally
The Canadian dollar reached a 10-month high versus its U.S. counterpart as corporate earnings, mainly in North America, but also in Asia and Europe, posted better-than-expected numbers, pushing investors to the already attractive…
Pound Hits 9-Month High on HSBC Earnings
The British currency had one of the best performances this year today as the U.K. financial sector showed evidences of recovery as corporate earnings improved. HSBC Holdings Plc posted a significant net profit…