Mexico is, together with Canada, one of the main energy suppliers for the United States energy demands, and its national currency, the peso, fell again today as the crude oil declined in New York.
Canadian Dollar Down as Crude Oil Declines
The Canadian dollar, which started the week with an outstanding performance as traders, attracted by yield and driven by optimism, bought the loonie, fell today against several currencies as the crude oil, the main Canadian commodity export, declined.
Euro Continues Rally Against U.S. Dollar on Risk Appetite
July 16th, 2009 at 14:26
The euro is having one of the most positive weeks against the U.S. dollar in two months, as a risk appetite wave brought investors to purchases euro-priced assets.
Yen Rises on CIT Group Bankruptcy Speculations
July 16th, 2009 at 11:55
The yen started today rebounding against several currencies like the euro and the pound, after CIT Group Inc. said it will probably not receive a federal loan to attempt a restructuring plan, leaving space for speculations that the commercial lender may file for bankruptcy.
Pound Climbs on British Jobs Data
July 15th, 2009 at 21:19
The pound climbed sharply against the dollar and the yen as an employment report with optimistic figures may have indicated that the worst of the recession is already behind, spurring demand for the British currency.
Canadian Dollar Hits One-Month High on Crude Oil Advance
July 15th, 2009 at 21:06
The loonie posted the third day of advances against its U.S. counterpart as the crude oil, one of the main country’s exports, advanced today, boosting demand for the Canadian currency.
South African Rand Climbs as World Cup Strike Ends
July 15th, 2009 at 13:07
The South African rand, which posted several weeks of decline as a new wave of risk aversion spread around equities and currency markets, rose as the world cup stadium construction workers strike ended, raising confidence in the country as stability returned.
Yen Down on U.S. Output Report Speculations
The yen and the greenback proceeded for a third day dropping as a report in the United States today is likely to indicate that the industrial production is shrinking at a slower pace, rising confidence that the global slump is easing, and consequently pushing traders to high-yield.
Brazil’s Real Hit One-Week High on Retail Sales Data
July 15th, 2009 at 0:24
The Brazilian currency rebounded against the U.S. dollar after May retail sales were published today, with better than expected figures, indicating that the Brazilian economy is recovering from the worse recession since the real was introduced in 1994.
Canadian Dollar Rises on High-Yielding Renewed Attractiveness
July 14th, 2009 at 23:08
The Canadian currency climbed today as Goldman Sachs posted higher than expected earnings, bringing confidence to traders to purchase high-yielding assets in equity markets, consequently raising attractiveness for the loonie.