A long winning streak for the greenback versus currencies like the euro and the Aussie dollar was stopped after a housing report was published today bringing rather negative figures much below estimates,…
Pound Falls Further on BOE Meeting Outcome
The pound declined for another day after policy makers agreed unanimously to extend stimulus in order to rescue the faltering British economy from the longest recession in the last decades, decreasing attractiveness for an already weakened…
Home Sales Optimism Sets Greenback to Record High
The U.S. currency touched a three-month high versus the European common currency as another favorable report, this time in the real estate sector, attracted more investment towards the recovering North American currency.…
Russian Ruble Rally Halted After OPEC Meeting
The Russian ruble, which gained during the past three days as the crude oil rates advanced globally, had its rally stopped today after decisions taken in an OPEC meeting in Angola, which…
Canadian Dollar Top Performer on Interest Rates Outlook
The Canadian dollar advanced for a third day in a row after favorable reports showed improving economic conditions in the North American nation, suggesting that interest rates in the country may be hiked sooner…
Pound Suffers on U.K.’s Recession Numbers
The pound declined today versus the euro and the U.S. dollar as the Great Britain did not manage to find its way out of recession like multiple wealthy nations around the world already did,…
Emerging Market Currencies to Decline in 2010
As the market sentiment has shifted towards the end of this year’s trading session, emerging market currencies like the Brazilian real and the South African rand, which ranked among the top performers in currency…
Yen Down on U.S. Optimism
The Japanese currency started the week losing versus the greenback as the U.S. economy recovers, reiterating speculations that Fed stimulus may be lifted in a foreseeable future. The yen lost today specially versus…
South African Rand Down as Greenback Appeal Rises
The South African rand continued a decline that set it to the lowest rate in almost two months as a greenback rebound is decreasing attractiveness for high-yielding emergent market currencies. The dollar’s losing trend…
Canadian Dollar Bullish on Commodities, Retail Sales
The Canadian dollar extended its last Friday advance and gained versus the euro and the Australian dollar as stocks in North America rose, evidencing the loonie’s correlation with equities and commodities markets, which also…
Dollar Remains Strong on Economic Outlook, Euro Concerns
The U.S. dollar started this week trading near a three-month high versus the European common currency as optimism regarding the improving economic conditions in North America maintained the greenback at high levels versus…
Australian Dollar to Decline on Interest Rate Outlook
The Australian dollar posted a significant decline this week and may extended its losses versus currencies like the U.S. and the Canadian dollar after policy makers affirmed that interest rates may…