Archive for September 2009

Canadian Dollar Declines Further on Commodities

The Canadian currency, highly linked to commodities and equities markets fluctuations declined today as corrective movements affected stocks globally, as optimism is not as significant as last week among investors.

Bank of England Forces Pound Down Once Again

The British currency is trading at record low levels versus the euro and the dollar as the national central bank affirmed that the real exchange rates for the pound may have been affected by the crisis, shunning investors farther away from pound-priced assets.

FED Speculations Help Dollar’s Rally

The dollar started the week rallying versus most of the 16 main traded currencies in foreign-exchange markets, as speculations among traders suggest that the Federal Reserve will not extend the current economic stimulus programs, indicating that the economy is recovering, rising attractiveness for the greenback.

Brazilian Real Rises on Foreign Investment

The Brazilian currency ended a third week of straight gains versus the greenback, the pound and several other major currencies as optimism and risk appetite is pushing traders to inject money in South America’s wealthiest economy.

Canadian Dollar Drops From Record High on Stocks

The Canadian currency did not manage to extend its rally that brought the loonie to the highest rate in one year as a corrective movement affected stocks today, influencing the loonie’s outlook negatively.

Dollar Recovers on Banking Sector Concerns

After hitting several lows versus multiple currencies during the past days as risk appetite surged in equities markets, the dollar rebounded slightly towards the end of this week’s session, as concerns regarding the global financial health brought risk aversion once again in evidence.

Polish Zloty Declines on Central Bank Concerns

The Polish zloty, one of the best performers among the Eastern EU members currencies this year had its rally halted today as the national bank indicated that a strong currency may jeopardize the economic recovery in one of the biggest European nations.

Will the Pound Trade at 1-to-1 Versus the Euro?

The pound continued to decline today versus most of the 16 main traded currencies on concerns that Lloyds Plc financial conditions are far from being sustainable, increasing speculations that the British banking sector may delay an economic recovery in the country.

Mexican Peso Decline on U.S. Jobless Claims

After rallying for several days in a row together with most emergent market currencies as optimism rose globally, the Mexican peso had its first decline versus majors as jobless claims are still on the rise in U.S., raising concerns of the employment conditions in the wealthiest country of the world.

Canadian Dollar Raise National Bank Concerns

The Canadian dollar, which traded near the highest level since October last year as risk appetite is once again strong in commodities and equities markets, may influence negatively the North American national economic recovery, raising concerns about the loonie’s rally in the national central bank.

Archives

SUBSCRIBE

Searching for a proper Forex broker? See the list of recommended Forex brokers.