The Brazilian real, one of the most benefited currencies by the evidences of economic recovery this year, traded at this month’s low today as Asian reports indicate that the global slump is still very present.
Chilean Peso Declines on Metallic Commodities Demand
The Chilean peso started the week losing versus most of the 16 main traded currencies as metallic commodities, an important source of revenue for the country, declined today.
Pound Falls as Real Estate Crisis Deepens
August 17th, 2009 at 13:24
After rallying to a 10-month high versus the dollar two weeks ago, the pound is declining severely versus most of the main traded currencies, as the real estate scenario deteriorates in the United Kingdom, shunning investors from pound-priced assets.
Negative News Fuel Yen’s Rally
August 17th, 2009 at 11:40
The Japanese currency started another week gaining versus most of the main currencies as several domestic and international events spurred demand for refuge currencies, affecting negatively mainly currencies in Europe this Monday.
U.S. Consumer Confidence Affects Euro Perfomance
August 15th, 2009 at 16:08
The euro was affected towards the end of this week’s session as U.S. consumer sentiment declined, raising risk aversion among traders which opted mostly for the yen and the dollar to protect their assets.
Brazil’s Real Worst Performer This Week
August 14th, 2009 at 21:23
The Brazilian currency had its most negative performance in more than a month, making it the biggest loser this week among the 16 most traded currencies, as stocks declined worldwide.
Chilean Peso Declines on U.S. Consumer Confidence
August 14th, 2009 at 20:54
The Chilean peso posted the biggest decline in August this week as consumer sentiment declined in the United States during the past month, pushing traders away from emergent market currencies.
Euro Slides on Consumer Prices
August 14th, 2009 at 13:33
The euro is having a slight decline towards the end of this week’s session as consumer prices in the region unexpectedly fell, being the sharpest fall in more than a decade, raising speculations that interest rates will remain around record lows in the Eurozone.
German Unexpected Growth Improves Zloty Rally
August 14th, 2009 at 11:56
The Polish currency benefited from yesterday’s report indicating an unexpected growth of 0.3 for the German economy in the second quarter, which improved investors’ confidence towards the future of European economic conditions.
U.S. Retail Sales Push Greenback Down
August 13th, 2009 at 22:42
The dollar lost today versus most of the 16 main traded currencies as U.S retail sales dropped last month, surprising economists which expected a continuous growth following June’s figures.