The Australian dollar managed to gain versus lower-yielding currencies before a report to be released this week in the country is likely to show an advance in inflation in the last year’s last quarter, helping speculations…
Stocks Push Loonie Further Down
The Canadian dollar continued its last week trajectory this Monday as markets that have strong correlation with its price operated on the red globally, forcing the loonie down versus virtually…
Pound Bullish Before GDP Report
The pound rose in the beginning of this week’s trading session before a gross domestic report to be published tomorrow in the U.K., which according to forecasts will show positive figures, making the Great Britain…
Yen More Attractive on Renewed Risk Aversion
The yen ended the week with a very positive performance versus most of the main traded currencies as a new wave of risk aversion brought traders to purchase assets in the Asian country, since the yen is…
South Korean Won Biggest Loser in Asia on Risk Aversion
The South Korean currency, one of the best performers in 2009 among Asian emerging markets, had a severe weekly decline as risk aversion remained predominant after China’s statements regarding new regulations…
Pound Ends Week Falling on Retail Sales
The U.K. currency retreated from a previous advance versus the euro as attractiveness for the currency declined after a report showed worse than expected numbers for monthly retail sales in Britain before the end of this…
Euro Rebounds Versus Dollar After Obama’s Speech
After touching the lowest level in 2010 yesterday versus the U.S., the euro advanced on speculations that a White House proposal will shun investors from North America, allowing the euro to gain versus…
Canadian Dollar Falls Further on Retail Sales
The Canadian currency is going to end this week with the worst performance since the year started, as commodities and stocks declined during most of the week and today a retail sales report showed negative…
Canadian Dollar Down on China, U.S. Statements
The Canadian dollar was one of the most affected currencies by a new wave of risk aversion today as the country’s currency has a strong correlation with stocks and commodities markets, which fell significantly on statements…
Brazilian Real Trades at Record Low on Obama’s Speech
The Brazilian currency was affected by a new wave of risk aversion after U.S. President Barack Obama proposed new regulations for financial instituitions in the country, raising concerns among traders that avoided…
Yen Best Performer on Trading Restrictions
The yen outperformed most of the 16 main traded currencies after the U.S. President affirmed that financial institutions must have their operations regulated in order to avoid speculations, raising risk aversion…
U.K.’s Budget Deficit Halts Pound Rally
The pound dropped yesterday and today ending a winning streak of more than a week versus several currencies as the country’s budget deficit increased to an all time record high, showing that despite positive…