The British currency is heading for the firstly weekly decline against the dollar in a month, after a report released today indicated a less significant service sector growth for the month of June.
Recession Concerns Sets Dollar to Weekly Gain
July 03rd, 2009 at 12:33
The dollar is coming to this week’s end advancing against the euro and the pound, after a U.S. report indicated more job cuts than predicted, raising concerns that the global slump may be prolonged for an undetermined amount of time.
Chilean Peso Faces Biggest Fall in 2 Months
July 02nd, 2009 at 19:42
The Chilean peso, which was one of the best performance currencies since April, fell significantly as a U.S. jobs report damped demand for risk and emergent market currencies.
Canadian Dollar Drops After U.S. Employment Data Release
July 02nd, 2009 at 19:20
The loonie had a day of losses versus virtually all main traded currencies, as U.S. jobs were cut more than what forecasts predicted, damping demand for risk appetite in markets.
Swedish Krona Down on Central Bank Surprise
July 02nd, 2009 at 12:12
The Swedish krona lost against the euro and the dollar today after the nation’s central bank unexpectedly cut its benchmark interest rate and stated that the recession is deeper than predicted.
China’s Confidence on Dollar Pushes Greenback Up
July 02nd, 2009 at 11:07
The U.S. dollar climbed today after a Chinese Foreign Ministry official stated that the believes in the stability of the greenback, and informed that he is unaware of discussions next week during the G8 meeting regarding eventual substitutes for the dollar as the world main reserve currency.
Polish Zloty Hits 6-Month High Against Euro
July 01st, 2009 at 19:42
The Polish currency hit a six-month record versus the euro, after getting a World Bank loan to rescue the country from one of the most severe recessions among the European Union bloc members.
Mexican Peso Rises on U.S. Manufacturing Numbers
July 01st, 2009 at 18:59
The Mexican peso had a positive performance today as U.S. manufacturing shrank at a slower pace, adding confidence that the U.S. recession might be ending.
Brazil’s Real Gains on Former Central Banker Comments
July 01st, 2009 at 13:40
The Brazilian Real, which posted the best quarterly performance since it was introduced 15 years ago, is set to prolong its rally, as former central banker bets on the South American economy ability to rebound quickly, spurring demand for the national currency.
Yen Enter Second Week of Losses as China Fuels Risk Appetite
July 01st, 2009 at 12:06
The yen declined to a two-week low against the euro and lost versus several other currencies as a report in China indicated an increase in manufacturing, helping investors to be confident to purchase high-yielding assets throughout the world.
