The Aussie rose against the yen after a regional jobs report in Australia showed an increase in employment conditions and data. The yen had a day of losses against the main…
Oil and Stocks Push Canadian Dollar Down
May 6, 2009
The loonie weakened for the first time in six days as the crude oil price fell, making Canadas currency to drop from a 6-month high. The Canadian currency has been…
The yen and the dollar rose against the euro after U.S. regulators affirmed that the Bank of America Corp. will need more than $30 billion in new capital,…
The Brazilian currency has been rallying against the dollar since risk appetite has increased last week on global markets, a rise in commodity prices and the domestic stock…
Euro Weakens on Rate Cuts Speculations
May 5, 2009
After consecutive days rallying against the dollar and the yen, the euro fell on speculations that the European Central Bank will cut its interest rates to stop…
The South Korean currency has been favored since the beginning of the year by both domestic and international signs of improved economic conditions. The South Korean stocks rallied…
Global Slump Ending Speculations Weaken Yen
May 4, 2009
The yen continued the bearish trend which started last week when positive economic news pushed the equities market up, decreasing demand for the low-yielding Japanese currency.…
The loonie posted gains for 5 weeks in a row, on speculations that the global financial turmoil is easing, pushing commodity prices up. Canadas currency has been a fantastic investment since the…
The Chilean currency continues its six-month bullish trend as copper price goes up and the national bank is expected to cut interest rates to improve the economy. In the second semester…
The yen had a week of losses against the euro and the dollar, as the first signs of economic recovery appear in China and in the U.S. The dollar rose against…
New Zealand Interest Rate Reaches Record Low at 2.5%
April 30, 2009
The Reserve Bank of New Zealand cut its benchmark interest rate from 3.0 percent to 2.5 percent to a record low level for the countrys economy. New Zealand was one of the most…
Dollar Weakens as Refuge Currencies Lose Demand
April 30, 2009
The dollar dropped against the euro for the second day in a row as stock market conditions improve, bringing risk appetite back among investors. Refuge investments such as the yen and the greenback are losing ground…