The Japanese yen grows against the U.S. dollar today after yesterday’s correction on USD/JPY pair, as the traders are speculating on the possible funds repatriation performed by the Japanese exporting companies.
Archive for October 2009
Pound Extends Gains on Mortgage Approvals
October 30th, 2009 at 4:17
The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector, fueling attractiveness for the British currency.
Brazilian Real Rebounds on Domestic and Global Optimism
October 30th, 2009 at 3:55
The Brazilian had one of the sharpest climbs versus the U.S. dollar today as both the domestic and international economic scenario set the risk appetite high increasing appeal for emergent market currencies, and setting the greenback down versus most of the 16 main traded currencies.
Canadian Dollar Reverts Negative Trend on Stocks Rebound
October 30th, 2009 at 3:33
The Canadian dollar, which posted consecutive days of losses during this week changed its negative trend after stocks recovered globally fueled by a report that showed a quarterly growth for the U.S. economy, which sparked risk appetite once again among traders.
Crude Oil Affects Mexican Peso Rate
October 28th, 2009 at 23:00
A decline in crude oil rates forced down a basket of currencies which are originally from oil exporter countries, which is the case for the Mexican peso, continuing a losing streak versus the U.S. dollar that started as risk aversion emerged this week.
Norwegian Krone Down Despite Central Bank Optimism
October 28th, 2009 at 22:27
The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently the krone.
U.S. Dollar Rises on Negative Home Sales Report
October 28th, 2009 at 22:07
Markets were affected by pessimism today after a monthly U.S. home sales report was published with rather unexpected negative figures, helping the dollar to gain versus almost all of 16 main traded currencies, as risk averse traders opted for safety this Wednesday in trading markets.
Canadian Dollar Down Another Day on Stocks
October 28th, 2009 at 21:24
This week is being one of the most negative for the Canadian currency in months, as stocks and commodities declined significantly, and considering the loonie one of the most influenced currencies by these movements, today’s drop set the Canadian currency to the lowest level in 3 weeks versus the greenback.
Pound Extends Gains on Retail Sales
October 27th, 2009 at 23:47
Speculations that retail sales would post another month of gains were confirmed providing support for the pound to regain terrain versus the euro and several other currencies, changing the negative outlook for the British currency to a better trajectory.
Sweden’s Krona Down Further on Economic Outlook
October 27th, 2009 at 23:17
The Swedish currency has been one of the biggest losers in the European currency market as producer prices declined again in September, raising concerns towards the economic recovery in the country.
