After speculations set the real down last week versus the greenback before the G-7 meeting, now the outcome of world wealthiest nations discussions provided support for higher yielding currencies to grow, favoring…
G-7 Comments Set Australian Dollar High
The Australian dollar posted today its first gains after a rather bearish trend last week as the Group of 7 did not confirm speculations which suggested it would stress on the importance…
Dollar Loses Slightly on G-7 Comments
The dollar started this week losing versus the euro and the pound after speculations that Group of 7 central bankers would provide statements supporting the dollar were not confirmed, erasing last…
Will the Dollar Rebound Before 2009 Ends?
The dollar had one of the best weekly performance in months gaining versus most of the 16 main traded currencies as the Group of 7 suggested that a strong greenback is important to guarantee a fast and sustainable…
Oil Rebound Pushes Canadian Dollar Up
The Canadian currency, which was losing earlier versus the U.S. dollar on pessimism before the G-7 meeting, managed to revert a losing trend as the crude oil rates surged beyond $70 a barrel, raising…
Chilean Peso Down on U.S. Economy Outlook
The United States is one of the main destination for Chilean commodity exports, and negative reports towards the end of this week coming from the U.S. affected negatively the South American currency performance. The Chilean…
Pounds Ends Another Week Down on Crisis Concerns
The pound has been one of the most affected currencies by the credit crunch last year and during the past three weeks it suffered another substantial decline as the U.K. economic scenario continues…
Dollar Climbs on Grim Economic Forecasts
The dollar kept its previous days trend gaining versus the euro and high-yielding currencies as forecasts suggest that loan defaults and unemployment rates will keep deteriorating, raising risk aversion and adding…
Brazil’s Real Drops From Year High on U.S. Jobless Claims
The Brazilian currency touched a one-year high versus the dollar and the pound this week but was unable to continue its rally as U.S. jobless claims came worse than what economists expected,…
Mexican Peso Down on Commodities and U.S. Unemployment
This Thursday was marked by a weak performance for the Mexican currency as the crude oil, one of the main Mexican exports to the U.S. declined further, and jobless claims in the U.S. came with worse-than-expected figures.…
Pound Rises on IMF U.K. Outlook
The pound managed to pare early losses versus the euro and the dollar after the IMF affirmed that the United Kingdom will grow more than previously announced for the next year, adding confidence for the British…
Euro Falls Before G-7 Meeting
The euro, which has been one of the strongest currencies among major pairs this year, fell today before speculations suggested that a Group of 7 finance ministers meeting this week…