The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday.
Pound Drops After Rise in Unemployment
June 17th, 2009 at 13:25
The pound posted losses versus the main currencies after a bearish day in the stock market followed by a rise in the United Kingdom unemployment figures, damping demand for the British currency.
Euro Rebounds Versus Dollar on German Confidence Report
June 16th, 2009 at 13:23
After days of decline versus the dollar, the euro climbed against the greenback after the German economic sentiment rose at a level higher than expectations, creating speculations of a quick European economic recovery, spurring demand for the Eurozone currency.
Yen Rises as Stock Losses Spur Demand for Safer Assets
June 16th, 2009 at 12:51
The yen had a day of massive gains versus the main high-yielding currencies as Asian stocks fell after speculations that a report may indicate a slowdown in U.S. industrial production, creating a risk aversion sentiment among traders.
Latvia’s Government Sells National Currency
June 15th, 2009 at 12:24
The Latvian Government sold lati after the currency reached its trading band limit, being the first sell since the month of November, as the nation moved closer to get the next tranche of a billionaire loan to rescue the weakened Baltic economy.
Dollar Climbs After Russian Minister Declaration
June 15th, 2009 at 11:49
The dollar had the highest rise in a week against most of the main currencies after Russian Finance Minister Alexei Kudrin stated that the nation has full confidence in the U.S. currency.
Canadian Dollar Falls as Crude Oil Price Declines
June 13th, 2009 at 13:17
The loonie posted the sharpest fall in 4 days against all major currencies, interrupting a bullish trend as the price of crude oil stopped its rally, damping demand for the Canadian currency high-yielding profile.
South African Rand Post Gains as Emergent Markets Attractiveness Rise
The South African rand had a third consecutive day of positive performances as the global economic conditions are evidently improving, adding attractiveness to emergent market currencies.
Dollar Climbs Before G-8 Meeting
June 12th, 2009 at 12:37
After several days of losses, the greenback rebounded, ending the week with a rather neutral performance before a G-8 meeting, where Timothy Geithner may state in favor of a strong U.S. dollar.
New Zealand Dollar Advances as Interest Rates Remain Stable
June 11th, 2009 at 12:17
The kiwi, as the New Zealand currency is often associated with, posted gains versus most of the main currencies as the national interest rate remained uncut.
