Crude Oil Fuels Russian Ruble Rally

The Russian currency gained versus the U.S. dollar and several other currencies as the crude oil climbed again today, fueled by optimism regarding the world economic recovery. After Federal Reserve Chairman…

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Mexican Peso Falls on Overpriced Speculations

After climbing for several weeks in a row, today the Mexican peso declined versus the greenback, on speculations that the current rates would be too high, attracting investors towards the U.S. The Mexican peso…

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Will the Dollar Rebound This Week?

The U.S. currency lost towards the end of the past week as several factors improved investors’ confidence worldwide, attracting investors to emergent-market currencies, as commodities and stocks surged fueled by positive reports in Europe…

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Yen Declines On U.S. Home Sales Improvement

The Japanese currency declined before the end of this week’s session on improved U.S. housing data, suggesting that the wealthiest country in the world is finally reacting economically from the worst recession in decades.…

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Brazilian Real Climbs on European Confidence

The Brazilian real, the best performing currency among the emergent markets, rose today after the German and French positive PMI reports, which brought investors back to riskier assets relying on speculations that…

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Brazilian Real Declines on U.S. Jobs Data

The Brazilian real declined today slightly, after three consecutive days performing positively, as U.S. jobless claims posted an unexpected rise, damping demand for emergent-market currencies. After climbing on national unemployment…

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Goldman Sachs Influences Canadian Dollar Rally

The Canadian dollar traded at the highest level this week after one of the most relevant investment banking corporations in the world suggested that the loonie is likely to gain versus its U.S. counterpart…

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Pound Slashes Gains on Record Deficit

The pound, which benefited yesterday from a new wave of risk appetite in European markets declined erasing most of its previous gains as today, a report indicated the largest budget deficit for the month of July…

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