The Brazilian real continued to gain versus the greenback today as renewed demand for Brazilian products helped the national stocks to gain, adding confidence to the real’s outlook.
Canadian Dollar Hits 10-Month High on Improved Confidence
July 27th, 2009 at 19:37
The loonie reached the highest level since October as stocks and commodities rose, improving attractiveness for the Canadian currency.
U.S. Dollar Down Before Home Sales Report
July 27th, 2009 at 12:57
The U.S. dollar started another week losing against currencies like the euro, as a report today is expected to show that home sales in the United States rose significantly, suggesting that the global slump is facing its final days, consequently attracting investors to riskier assets in stocks.
Yen Drops as Asian Stocks Rally
July 27th, 2009 at 11:55
The yen entered its eleventh day of losses versus most of the 16 main traded currencies as a rally in Asian stocks suggests that evidences indicating the end of the global slump are pushing investors to riskier assets, damping demand regionally for the Japanese currency.
South African Rand Down on Merging Speculations
The South African currency, which hit an eleven-month high versus the greenback this week, pared its weekly gains as an Indian newspaper affirmed that the merging of Bharti with MTN may take longer than expected, raising concerns about investments in South Africa.
Canadian Dollar Ends Week High on Government Statement
July 24th, 2009 at 21:27
The Canadian dollar ended another day gaining versus its U.S. counterpart, as government officials affirmed that the country may be already getting out of recession.
Mexican Peso Posts Second Weekly Gain on Economic Optimism
July 24th, 2009 at 20:53
The Mexican currency posted another week of gains versus its main trading partner’s currency, the U.S. dollar, as emergent-market currencies profited on higher confidence among traders.
Pound Slides on Quarterly Recession Numbers
July 24th, 2009 at 13:33
The pound posted losses today versus most of the 16 main traded currencies as today, gross domestic product figures released in the United Kingdom revealed that the quarterly recession in the European nation was more than double of what economists forecast.
Euro Rises on Manufacturing Report Figures
July 24th, 2009 at 13:08
The euro posted the first climb versus the U.S. in four days as this Friday a report indicated that the European manufacturing and services contracted at a slower pace, and German business confidence improved.
South African Rand Climbs on Corporative Fusion Speculations
July 23rd, 2009 at 20:12
The South African Rand climbed sharply today as a stake in one of the main South African mobile operators may be purchased by an Indian group, injecting money in the country and raising confidence for the rand outlook.
