The yen continued the bearish trend which started last week when positive economic news pushed the equities market up, decreasing demand for the low-yielding Japanese currency.…
Posts published in “News”
The loonie posted gains for 5 weeks in a row, on speculations that the global financial turmoil is easing, pushing commodity prices up. Canadas currency has been a fantastic investment since the…
The Chilean currency continues its six-month bullish trend as copper price goes up and the national bank is expected to cut interest rates to improve the economy. In the second semester…
The yen had a week of losses against the euro and the dollar, as the first signs of economic recovery appear in China and in the U.S. The dollar rose against…
New Zealand Interest Rate Reaches Record Low at 2.5%
The Reserve Bank of New Zealand cut its benchmark interest rate from 3.0 percent to 2.5 percent to a record low level for the countrys economy. New Zealand was one of the most…
Dollar Weakens as Refuge Currencies Lose Demand
The dollar dropped against the euro for the second day in a row as stock market conditions improve, bringing risk appetite back among investors. Refuge investments such as the yen and the greenback are losing ground…
Euro Climbs as Pandemic Fears Ease
The euro rose against the dollar and the pound as concerns involving the swine flu have eased and the reported economic confidence in the region hit the…
Dollar Falls as Economy Shows Recovery
The U.S. dollar and the yen fell as signs that the recession could be ending attracted investors back to riskier assets, making the demand for refuge currencies, such…
New Zealand Dollars Weakens as Pig Flu Spreads
The New Zealand dollar, followed by its Australian counterpart, fell for the second day on fears that the swine flu may deepen the global slump, affecting tourism…
Yen Rallies Against Euro On Swine Flu Concerns
The yen, regarded as a refuge currency, hit a six-week high against the euro after the World Health Organization affirmed that the swine flu is spread and cannot be contained.…