Will the Pound Rebound to Pre-Crisis Levels?

The pound posted today a positive performance versus the U.S. dollar bringing the British currency to the highest levels in more than 9 months, leaving speculations of an eventual rebound for the Great Britain currency. A British…

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Yen Rebounds on Stocks Correction Movement

After gaining sharply for three days in a row, today stocks declined around the world, fueling demand and opening a profit opportunity with the currently weakened Japanese currency, which is witnessing its…

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Canadian Dollar Climbs Fueled By Stocks Rally

The Canadian dollar reached a 10-month high versus its U.S. counterpart as corporate earnings, mainly in North America, but also in Asia and Europe, posted better-than-expected numbers, pushing investors to the already attractive…

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Pound Hits 9-Month High on HSBC Earnings

The British currency had one of the best performances this year today as the U.K. financial sector showed evidences of recovery as corporate earnings improved. HSBC Holdings Plc posted a significant net profit…

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Where Will Brazil’s Real Rally Go?

The Brazilian real posted another day of heavy gains versus the U.S. dollar indicating that the South American currency is one of the most preferred among risk thirsty traders. The Brazilian currency…

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Euro Climbs on U.S. Data Speculations

The euro has been trading near a two-month high versus the dollar during most of the past week, and may climb to higher levels today on a U.S. manufacturing report that is likely to show…

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Manufacturing Report Keeps U.S. Dollar Under Pressure

The U.S. dollar started another week with optimism weighing negatively on its outlook, as a report is likely to indicate the highest manufacturing level in the United States in almost a year, attracting investors to higher-yielding…

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Canadian Dollar Ends Third Week Gaining Versus Greenback

The loonie is having a rocketing performance versus its U.S. counterpart even after a negative economic report in Canada indicated a higher-than-expected shrinking rate for the nation’s economy, reaffirming the high current risk…

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Is GDP Optimism Bad for U.S. Dollar?

The U.S. dollar is falling against the euro for the second day today as the traders expect a decline in the contraction of the U.S. GDP for the second quarter of 2009. The dollar is also falling against the British pound,…

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British House Price Data Influence Pound

The Great Britain pound recovered from the two days of losses against the U.S. dollar and continued to gain against the euro today after the U.K. house prices data was released. The Nationwide Building…

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Canadian Dollar Tumbles Again as Oil Slides

The loonie fell again today after having interrupted its rally versus the greenback on Tuesday due to a fall in crude oil rates, affecting directly the commodity-linked Canadian currency. The Canadian dollar did…

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Brazilian Real Declines on Faltering Trade Surplus

The Brazilian currency posted a second day of losses versus the greenback as the national current account showed worse than expected data for the month of June, damping demand for the real in international markets. The Brazilian real…

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