Archive for July 2009

Pound Slides Versus Majors on Public Deficit

The pound dropped today versus the euro and the dollar, before a report, that even if did not come with extremely pessimist numbers, indicated a considerably high public deficit in the country, suggesting that the government may struggle to stabilize the nation’s finances.

Russian Ruble Climbs Intensively on Crude Oil Rally

The Russian currency gained most in almost a decade as the crude oil reached $64 a barrel and metallic commodities are on the rise, creating speculations that Russia, a world leader in commodity exportation, will benefit from a global economic rebound.

Brazilian Real Hits 9-Month High on Economic Optimism

The Brazilian currency posted another day of gains versus most of the main traded currencies and hit a 9-month high against the greenback as corporate earnings came better than expected combined with a rise in commodity prices.

Australian Dollar Hits Two-Week High on Stocks

The Australian currency, often referred as the Aussie, strengthened to a two-week high versus the yen as stocks in Asia climbed this Monday, raising attractiveness for the yield of the Australian dollar.

Pound Strengthens on House Prices Climb

The pound started the week climbing versus the yen and the dollar, as stocks rose and the house prices in the U.K. had an increase in the month of June, raising attractiveness for the British currency.

Dollar Slides as Optimism Attracts Investors to Yield

The U.S. dollar posted the weakest performance versus the euro since May as corporate earnings in North America came better-than-expect and U.S. government reports brought optimism to equities and currency markets, attracting investors to high-yielding options, consequently damping demand for the greenback.

Brazilian Real Posts Biggest Gain in Two Months on Optimism

The Brazilian real, a high-yielding emergent market currency, ended this week’s session climbing massively against the U.S. dollar, as renewed optimism among traders attracted foreign investments, pushing the Brazilian currency up.

Chilean Peso Climbs on Copper Price

Chile’s is one of the world’s main copper producer and today this metallic commodity went up after a U.S. report, pushing the Chilean peso to higher levels as risk aversion declined among traders.

Pound Declines as Terrorist Attack Drives Traders to Safety

The pound posted its first day of losses versus the U.S. dollar this week as explosions in Jakarta, the capital of Indonesia, attracted investors to the safety of the greenback, stopping a five-day rally that brought the pound up on renewed economic hopes.

Yen Rises After Hotel Blasts in Indonesia

The yen, known for its refuge investment profile, rose for another day versus most of the 16 main traded currencies as explosions in Indonesia brought a certain amount of tension to financial markets in Asia this Friday.

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