The U.S. currency was performing quite well during most of this week’s session as optimism regarding the U.S. economy was high, but the employment data published on Friday forced the greenback down…
Chilean Peso Drops After Copper Rally
The Chilean peso outperformed most of the main traded currencies as a copper price rally boosted appeal for assets in Chile, which declined this Friday after the metallic commodities failed to extend their gains.…
Investment Agency Rating Pushes Polish Zloty Up
The Polish currency advanced today in foreign-exchange markets as Pimco speculates that 2010 will allow several emerging markets to outperform other investments, favoring the zloty in this Friday’s trading session. The zloty…
Canadian Dollar Near 2-Month High on Oil
The Canadian dollar returned to gain today as its chief export, the crude oil, rallied as demand for energy increases, favoring currencies with a similar profile in foreign-exchange markets as the Australian dollar, which is…
Unexpectedly Negative Payrolls Force Greenback Down
An employment report waited during all the week and released today frustrated analysts bringing weaker-than-expected figures for the U.S. economy, pulling the dollar down versus most of the 16 main traded currencies. After…
Norwegian Krone Falls From 16-Month High
The krone fell today from the highest rate since September 2008 as the nation’s government finally expressed concern regarding the currency’s strength, halting a rally versus the euro that started in the end of 2009.…
Unchanged Rates and Bond Purchases Maintain Pound Down
The British currency continued to suffer from its central bank monetary policies as interest rates remained unchanged in the country, suggesting that the recession will remain a reality in England for an extended period. A concerning…
Canadian Dollar Finally Retreats After 5 Day Rally
The Canadian currency declined today versus most of the 16 main traded currencies after stocks and commodities had their rallies halted as risk appetite eased among traders globally, forcing commodity…
Employment Data Pushes U.S. Dollar Up
A report published today indicating fewer-than-expected new jobless claims applications last week allowed the dollar to gain versus the euro and several other currencies as improving employment data is a key-evidence indicating…
Aussie Hits Record High on Commodities
The Australian currency touched the highest level in 2 years versus the euro as commodities rates are fueling the Aussie’s rally, which also gained considerably versus the greenback during today’s session. The Aussie…
Dollar Drops on Fed Quantitative Easing Discussions
After December’s Fed meeting minutes went public today, the U.S. dollar declined versus multiple currencies, as policy makers discussed extending economic stimulus to revive the economy if necessary, impacting…
Metals Fuel Canada’s Dollar Advance
The Canadian dollar continued to advance today versus its U.S. counterpart as demand for commodities are still on the rise, favoring the loonie which is one of the currencies with the highest correlation with commodities…