After several days losing to safer currencies like the greenback and the yen, the euro had a sharp increase in its rates today after risk appetite returned to markets, mainly after some financial…
Brazilian Real Gains as Stocks Rebound
After posting the sharpest fall in 8 months in the beginning of this week, Brazilian stocks rebounded this Tuesday, providing support for the real to gain versus most of the 16 main traded currencies in foreign-exchange…
Mexican Peso Impacted by Downgrade Speculations
The Mexican peso had a negative day losing versus most of 16 main traded currencies as the national congress approved new tax regulations that may affect Mexican assets attractiveness, shunning…
Pound Remains Weak on U.K. Banking Outlook
The pound continued to be traded at low levels versus the euro and specially the greenback as new evidences that banking conglomerates in the United Kingdom are still facing a complicate situation and will need further…
Dollar Up on Banking Sector Problems
The dollar touched the highest level in a month versus the euro after speculations suggesting that banks throughout the world are still facing severe difficulties tor reestablish their financial situation fueled…
Euro Grows Against Yen on Economical Optimism
The European currency surged against the Japanese yen and the other major Forex-traded currencies today as the traders reacted to the signs of the global economy recovery with buying high-yielding assets and currencies financed by relatively…
Japanese Yen Rises on Funds Repatriation Speculations
The Japanese yen grows against the U.S. dollar today after yesterday’s correction on USD/JPY pair, as the traders are speculating on the possible funds repatriation performed by the Japanese exporting companies. The Bank of Japan…
Pound Extends Gains on Mortgage Approvals
The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector,…
Brazilian Real Rebounds on Domestic and Global Optimism
The Brazilian had one of the sharpest climbs versus the U.S. dollar today as both the domestic and international economic scenario set the risk appetite high increasing appeal for emergent market currencies, and setting the greenback…
Canadian Dollar Reverts Negative Trend on Stocks Rebound
The Canadian dollar, which posted consecutive days of losses during this week changed its negative trend after stocks recovered globally fueled by a report that showed a quarterly growth…
Crude Oil Affects Mexican Peso Rate
A decline in crude oil rates forced down a basket of currencies which are originally from oil exporter countries, which is the case for the Mexican peso, continuing a losing streak versus the U.S.…
Norwegian Krone Down Despite Central Bank Optimism
The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently…