The Brazilian real posted another day of heavy gains versus the U.S. dollar indicating that the South American currency is one of the most preferred among risk thirsty traders. The Brazilian currency…
Posts published in “News”
Euro Climbs on U.S. Data Speculations
The euro has been trading near a two-month high versus the dollar during most of the past week, and may climb to higher levels today on a U.S. manufacturing report that is likely to show…
Manufacturing Report Keeps U.S. Dollar Under Pressure
The U.S. dollar started another week with optimism weighing negatively on its outlook, as a report is likely to indicate the highest manufacturing level in the United States in almost a year, attracting investors to higher-yielding…
Canadian Dollar Ends Third Week Gaining Versus Greenback
The loonie is having a rocketing performance versus its U.S. counterpart even after a negative economic report in Canada indicated a higher-than-expected shrinking rate for the nation’s economy, reaffirming the high current risk…
Is GDP Optimism Bad for U.S. Dollar?
The U.S. dollar is falling against the euro for the second day today as the traders expect a decline in the contraction of the U.S. GDP for the second quarter of 2009. The dollar is also falling against the British pound,…
British House Price Data Influence Pound
The Great Britain pound recovered from the two days of losses against the U.S. dollar and continued to gain against the euro today after the U.K. house prices data was released. The Nationwide Building…
Canadian Dollar Tumbles Again as Oil Slides
The loonie fell again today after having interrupted its rally versus the greenback on Tuesday due to a fall in crude oil rates, affecting directly the commodity-linked Canadian currency. The Canadian dollar did…
Brazilian Real Declines on Faltering Trade Surplus
The Brazilian currency posted a second day of losses versus the greenback as the national current account showed worse than expected data for the month of June, damping demand for the real in international markets. The Brazilian real…
Euro Down as Risk Aversion Returns
The euro is losing since yesterday versus currencies like the yen and the dollar, as a report yesterday showed a decline in consumer confidence in the United States, spurring demand for refuge currencies like the Swiss franc…
Dollar Rebounds Versus Euro on Reports Speculations
The dollar reverted its trend of already two weeks losing versus several main traded currencies, after speculations that this week’s reports will post rather pessimistic figures, raising…