The Brazilian currency posted the second straight week of losses versus the U.S. dollars and several other currencies as risk aversion was predominant in this week’s session forcing investors back to safer bets…
Pound Remains Bullish on Mortgage Approvals
The pound found support to trade near a one-month high level versus the euro after a report showed an improvement in the number of mortgage approvals, adding attractiveness for the sterling before the end of this week’s session.…
Swiss Franc Hits 9-Month High Versus Euro
The Swiss franc, considered a refuge currency, benefited today from a rather risk averse scenario and gained versus several currencies, declining below less than 1.50 line versus the euro for the first…
Canadian Dollar Benefits on Iran-Iraq Oil Tensions
The Canadian currency is ranking among the best performers today in foreign-exchange markets as the crude oil and metallic commodities rose today, favoring Canadian stocks that benefited from tensions in the Middle East…
Yen Falls on BOJ Low Rates Policy
The Japanese currency fell today versus the 6 main traded currencies in foreign-exchange markets after the nation’s financial authority followed the global trend among wealthy nations and ruled out rate hikes…
Greek Credit Rating Pulls Euro Down
The euro had a weak performance today losing versus the greenback and the dollar after Greece credit rating was downgraded by a financial agency, bringing risk aversion up in European stock markets. After…
Brazilian Real Drops on Global Pessimism
The Brazilian currency had its sharpest fall since the end of September as several negative events in financial markets worldwide declined appeal for higher-yielding assets and commodities, which are both the best trading…
Retail Sales Force Pound Down
An unexpectedly negative retail sales report published today in London forced the pound down versus several currencies as it indicates that economic struggle in the country is still a reality in the U.K., shunning…
Dollar Extends Rally on Greek Credit Rating
The dollar gained today versus the euro and specially higher yielding currencies as speculations that Greece may struggle to pay its debts surged, raising demand for safety and providing support for the greenback and the yen…
Pound Advances Versus Euro on Employment Data
In another bullish day versus the euro, the pound found support to extend its winning streak after U.K.’s unemployment declined, a strong signal of recovery for the British economy. The pound traded today at a one-month…
Surprise Rate Hike Pushes Norway’s Krone Up
The Norwegian currency climbed today versus most of 16 main traded currencies after the nation’s central bank rose its benchmark interest rate surprising analysts and attracting traders to krone-priced assets.…
Aussie Dollar Drops on Monetary Policy Change
The Australian dollar has been one of the best performers in currency markets during the past few months as it was the first country to raise interest rates among the wealthy nations, today the sentiment…