The Mexican peso was rallying significantly this week but had its gains halted as Philadelphia manufacturing posted a timid grow for the past months, raising doubts towards the economic recovery pace…
Polish Zloty Rallies on Central Bank Statements
The Polish zloty has been one of the best emergent market currencies since the world start to post its first signs of economic improvement in the first semester of this year, and today after a central…
Pound Climbs On Asset-Purchase Program Speculations
The pound gained today after hitting several record lows this week specially versus the euro, as speculations indicate that the current central bank asset-purchase program may be suspended, finally…
Hungarian Forint Up on Chinese Optimism
After Chinese exports shrank at a slower pace according to a report posted today, the Hungarian forint found support in optimism regarding the global economic recovery to climb versus the euro, the U.S. dollar, and several…
Brazilian Real Extends Gains on Stocks
The Brazilian main stock exchange continued to attract investors looking for yield as risk appetite grows globally, attracting investors to emergent countries and pushing the real to a new record high in 2009 versus several…
South African Rand Climbs on Metallic Commodities
The South African currency witnessed a rally this week that set the rand to the highest rate versus the U.S. dollar after a decreased appeal for the U.S. currency combined with an increase in rates of metallic…
Dollar Further Down on Interest Rate Expectations
After Federal Reserve policy makers affirmations suggesting that interest rates will remain low for a long period of time in the United States, the greenback declined to the lowest levels in 2009 versus the euro,…
Brazilian Real Climbs on Growth Forecast
Both domestic and international economic scenario provided support for the Brazilian currency to climb against the greenback and several other majors, as revised economic growth for the South American nation came with positive figures.…
Canadian Dollar Near 1-to-1 With Greenback
The Canadian dollar benefited from another day of increased risk appetite to gain versus most of the 16 main traded currencies and trade near parity with its U.S. counterpart. Crude oil…
New Zealand Performs Positively on Retail Sales
This Tuesday, a report posted in New Zealand surprised economists’ forecasts as retail sales in the South Pacific country came with better-than-expected growth, adding optimism to the already attractive kiwi, one of the best…
Bank of England Speculations Set Pound Down
The British currency is having another dark week losing versus its main rivals and also most of currencies traded in foreign-exchange markets as speculations that the national central bank may extend…
Will the Euro Be World’s New Reserve Currency?
The euro is putting pressure on the dollar and started another week gaining versus the greenback as speculations suggest that the U.S. dollar’s position as the main global reserve currency may be entering its…