The yen post the first significant gains in more than a week versus currencies like the pound and the euro after risk aversion returned to markets today, pushing investors towards the safety of the Japanese currency.…
Posts published in “News”
Crude Oil Decline Interrupts Canadian Dollar’s Rally
The Canadian dollar lost today for the first time in more than a week as stocks and the crude oil had their first decline as risk aversion reappeared in financial markets worldwide. The loonie ended a long…
Dollar Remains Bearish as Stocks Rally
The U.S. dollar entered another day of losses versus most of the 16 main traded currencies as stocks worldwide continued to rally, raising investors’ confidence to purchase assets in emergent-markets and other higher-yielding options. The U.S. is facing…
The Australian dollar reached the highest level versus its U.S. counterpart today after the national central bank Governor affirmed that the current crisis in the country may not be as serious as considered previously. The Reserve Bank of Australia…
Brazilian Real Continues Rally on Trade Surplus
The Brazilian real continued to gain versus the greenback today as renewed demand for Brazilian products helped the national stocks to gain, adding confidence to the real’s outlook. The Brazilian currency is one of the best performing this year…
The loonie reached the highest level since October as stocks and commodities rose, improving attractiveness for the Canadian currency. The U.S. dollar is been affected by a strong risk appetite wave, which decreased attractiveness for the greenback,…
U.S. Dollar Down Before Home Sales Report
The U.S. dollar started another week losing against currencies like the euro, as a report today is expected to show that home sales in the United States rose significantly, suggesting…
Yen Drops as Asian Stocks Rally
The yen entered its eleventh day of losses versus most of the 16 main traded currencies as a rally in Asian stocks suggests that evidences indicating the end of the global…
South African Rand Down on Merging Speculations
The South African currency, which hit an eleven-month high versus the greenback this week, pared its weekly gains as an Indian newspaper affirmed that the merging of Bharti with MTN may take longer than expected, raising…
Canadian Dollar Ends Week High on Government Statement
The Canadian dollar ended another day gaining versus its U.S. counterpart, as government officials affirmed that the country may be already getting out of recession.…