The U.S. dollar pared this week’s losses versus the euro as employers cut less-than-expected jobs in the country, adding optimism to the world’s wealthiest economy. The dollar reached a seven-week high versus the yen and gained…
Rising Unemployment Affects Canada’s Dollar Performance
The U.S. dollar pared most of this week’s losses versus its Canadian counterpart as a report today indicated that the number of job cuts in Canada was higher than what economists predicted.…
Yen Gains on Renewed Crisis Concerns
The yen gained versus several currencies like the euro and the pound as equities markets are ending the week with a rather negative performance, as banks posted losses today. The Royal Bank of Scotland Plc…
Canadian Dollar Down as Oil Declines
The Canadian dollar had a second day of negative performance as unemployment in the nation is expected to grow further, damping demand for the loonie. After several days breaking records versus its U.S. counterpart,…
Brazilian Real Falls on Commodities Decline
Brazil’s real, the best performing among the 16 most traded currencies had the most significant fall in more than a month as commodities declined today, pushing investors away from the South American…
Pound Continues High on Real Estate Market Forecast
The pound is trading near a 9-month high versus the U.S. dollar as multiple news brought traders to the renewed attractive profile of the British currency, which is expecting a rebound in the U.K.’s housing market…
Australian Dollar Climbs on Employment Data
The Australian dollar is being traded today near a 10-month high as job figures in the country came unexpectedly positive, adding confidence that the South Pacific region will be one of the first…
Brazilian Real Drops After U.S. Reports
After a report in the U.S. indicating that services industries contracted at a faster pace last month, the Brazilian currency witnessed its first decline in over a week, as concerns regarding the global economy affect…
Mexican Peso Climbs on Credit Rating
The Mexican Peso climbed to a 2-month high after Moody’s stated that the country has a stable outlook for investments, erasing speculations that the country would be downgraded for the first time since 1995.…
Pound Continues Rally Versus Euro and Dollar
The pound is gaining again versus the euro and the dollar as services industry grew and U.K manufacturing jump beyond expectations in July, pushing the pound to the highest level in 9 months. The pound sterling may…
Finance Minister Halts Canadian Dollar Rally
The Canadian dollar, which has been gaining heavily versus several most traded currencies, finally stopped its rally after the national Finance Minister affirmed that eventual measures may…
Israel’s Sheqel Falls on Dollar Purchase Speculations
The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency. The Government of Israel started a program last year when…